Let’s get a little meta today:

1. In manufactured spend, usually deals don’t outright die. If they do die, they usually come back in a subtlety different way, like Season 6 Buffy. In just the last couple of weeks we’ve seen several examples:

In fact, most of my best plays have been taking advantage of a deal after it died, or at least after everyone said it did (and some time passed). Always be probing.

2. Emirates devalued their business class awards without warning yesterday. Any time your points currencies are parked outside of a flexible bank ecosystem like Ultimate Rewards, ThankYou Points, or Membership Rewards, they’re subject to unannounced devaluations that can make US dollar inflation look extremely tame in comparison.

At this point, the only time I’m directly acquiring airline miles other than by flying on a paid ticket are:

  • Credit card sign-up bonuses
  • As a byproduct of spending for status
  • Shopping portals

The devaluation risk of collecting them through any other method is too high for me. Because banks are subject to banking regulations and enforcement action from the Federal Reserve, FDIC, New York state, and potentially the SEC (to name a few), the likelihood of an overnight devaluation by 35% is small, and if it were to happen we’d likely see changes previewed months in advance.

Happy Wednesday!

Goggles to help you find deals that aren’t really dead. Ok, they’re not strictly necessary but they make you look cool, trust me.

Related Posts

One thought on “Wednesday Thoughts

Comments are closed.