If you are enrolled in a frequent flier or have been accumulating miles on an airline rewards credit card, you may have already noticed that while it’s easy to collect big mileage bonuses, cashing them in is a whole other story. Firstly, finding an available seat when you go to book your free ticket may not be that easy. Even worse, the miles you thought you had may have long since expired.
According to New York Senator Charles Schumer, airlines are cheating frequent fliers and rewards credit card users out of billions of dollars of unused miles every year, and he wants to put a stop to it. On Monday, Schumer called for new rules to protect consumers from losing their frequent flier and rewards credit card miles, because airlines fail to honor the miles.
At the heart of the matter is the fact that many consumers try to cash in their miles only to find that they have expired without them receiving any notice of the pending expiration. A
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