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According to a survey byIdeaWorksCompany, mileage prices have increased by 28% in the last 5 years.
Points Devaluation
One potential explanation for increasing mileage prices is that points decrease in value over time.
The pandemic was hard on many peoples banks and hindered most peoples ability to travel.
Being flexible with when and where you book your flight can help you utilize your accumulated points.
Additionally, using your points quickly may be a good idea rather than holding onto them.
Mileage programs tend to get devalued over time.
Regardless of inflation, its best to avoid stockpiling rewards, Experian said in an article.
Using your mileage points as soon as possible can help safeguard your points from eventual devaluation.
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