Why I DON'T Fear Devaluations.

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  • Опубліковано 25 лис 2024

КОМЕНТАРІ • 28

  • @DC_Consulting_DC
    @DC_Consulting_DC Місяць тому +7

    Air Canada has "devalued" with the new $39 "Partner booking fee" on United flights. Avianca Lifemiles charges the same miles but without the partner fee. Alaska charges a $7.50 booking fee on American, but for fewer miles, so AS-AA is still worth it.

    • @WhatsThePoints1
      @WhatsThePoints1 Місяць тому +1

      Booking United on anything other than United continues to get worse fast

    • @jpknowledge8852
      @jpknowledge8852  Місяць тому

      Yeah that is annoying. The domestic carriers are really trying to stop us from redeeming partner miles on their flights.

    • @newagain9964
      @newagain9964 Місяць тому

      @@jpknowledge8852not stop, but they wan to make (more) money off “hacks”.

    • @newagain9964
      @newagain9964 Місяць тому

      @@jpknowledge8852correction... United is stopping us. 😂👎. Even AA being anti portal.

  • @chadpennycuff
    @chadpennycuff Місяць тому +2

    Great insights on the devaluations of Domestic carriers. My international friends wish they could get the points we do. On the flip side, those countries also limit processing fees to very minimal levels.

    • @jpknowledge8852
      @jpknowledge8852  Місяць тому

      We are very fortunate here in America when it comes to points and miles 🇺🇲💳

    • @chadpennycuff
      @chadpennycuff Місяць тому +2

      @@jpknowledge8852 Fortunate? I don't know about that because we ultimately pay for it at higher prices. The points and miles help us recover some of those increased processing fees. I'm not sure we wouldn't all be better off with the reasonable processing fees found in the EU.

    • @jpknowledge8852
      @jpknowledge8852  Місяць тому

      @chadpennycuff I see what you're saying. But in terms of points earnings, we can easily earn 5x more points/miles compared to those people in the EU which is a benefit that most Americans have but don't realize they can take advantage of.

    • @newagain9964
      @newagain9964 Місяць тому

      @@chadpennycuffagreed. Higher prices at the till are negative net value. Not positive. Worse. We have cash discount prices. I can’t stand dealing with nasty cash.

  • @MontyTheCardNerd
    @MontyTheCardNerd Місяць тому +1

    Insightful point about the US carriers, definitely think their revenue breakdown looks different from foreign carriers.

  • @Richiou3
    @Richiou3 Місяць тому +3

    Individual program devaluations can get pretty bad (Virgin moving to dynamic pricing in 1 month) but with transferable currencies, the only devaluation from a cashback perspective is inflation. So transferable currencies have no fear of devaluation compared to airline and hotel programs.

    • @jpknowledge8852
      @jpknowledge8852  Місяць тому

      I made this video before the most recent announcement of the virgin atlantic changes. I'm really hoping it isn't too bad, or else I will be eating my words 😅 😬

    • @Jupiterfunk
      @Jupiterfunk Місяць тому

      This virgin devaluation I feel is going to kill their program in a really bad way. Pete needs to start doing something to regulate these airlines and their constant devaluations to screw you out of real value.

    • @newagain9964
      @newagain9964 Місяць тому

      Not just pricing. But Virgin devalued pts across its programs recently.

  • @jordanginos9557
    @jordanginos9557 Місяць тому +1

    Great video! Well done with good insights!

  • @Xavier_ID.
    @Xavier_ID. Місяць тому +2

    Great run down 👍🏼

  • @jimmyjames6492
    @jimmyjames6492 Місяць тому +2

    Thanks for the info + video!

  • @JacobsPointsAndProfit
    @JacobsPointsAndProfit Місяць тому +1

    Would you speculatively transfer Amex points to Hawaiian and then transfer them to Alaska? I'm thinking of doing it but can't decide

    • @jpknowledge8852
      @jpknowledge8852  Місяць тому +1

      @JacobsPointsAndProfit I did. Alaska is probably the second strongest One World partner, with AA being number 1. Since AA doesn't have an ability to transfer over to, taking advantage of this backdoor transfer to Alaska could make a lot of sense if you like flying on One World partners.

  • @newagain9964
    @newagain9964 Місяць тому +2

    I’ll keep saying it, until a major recession hits (maybe even globally?) get used to devals consistently showing up. 🤷‍♂️

    • @jpknowledge8852
      @jpknowledge8852  Місяць тому

      You're right. They aren't going anywhere, anytime soon 😒

  • @Rowdyyy_rod
    @Rowdyyy_rod Місяць тому +1

    What do u think of virgin going to surge pricing?

    • @jpknowledge8852
      @jpknowledge8852  Місяць тому

      Terrible news. I made this video before the announcement. I hope it doesn't affect partner awards.