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Understanding Travel Rewards Expiration Policies: Preserving Your Hard-Earned Points

Description: Test your knowledge on travel rewards expiration policies and strategies to preserve your hard-earned points.
Number of Questions: 15
Created by:
Tags: travel rewards points expiration loyalty programs
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Which of the following is NOT a common travel rewards expiration policy?

  1. Points expire after a certain number of years

  2. Points expire if the account is inactive for a certain period

  3. Points expire if the cardholder cancels their credit card

  4. Points expire if the cardholder redeems them for rewards

Show answer
Correct Option: D
Explanation:

Points typically do not expire if they are redeemed for rewards, such as flights, hotel stays, or gift cards.

What is the most common travel rewards expiration period?

  1. 12 months

  2. 24 months

  3. 36 months

  4. 48 months

Show answer
Correct Option: B
Explanation:

Many travel rewards programs have a 24-month expiration period for points, although some programs may offer longer or shorter periods.

What is the best way to prevent your travel rewards points from expiring?

  1. Use your points regularly for travel or other rewards

  2. Keep your account active by making purchases with your rewards credit card

  3. Transfer your points to a loyalty program that has a longer expiration period

  4. All of the above

Show answer
Correct Option: D
Explanation:

Using your points regularly, keeping your account active, and transferring points to a program with a longer expiration period are all effective ways to prevent your points from expiring.

What is the penalty for letting your travel rewards points expire?

  1. You lose all of your points

  2. You have to pay a fee to reinstate your points

  3. You can no longer earn points with your rewards credit card

  4. None of the above

Show answer
Correct Option: A
Explanation:

Letting your travel rewards points expire typically results in the loss of all your accumulated points.

Which of the following travel rewards programs has a relatively short expiration period (typically 12 months)?

  1. American Express Membership Rewards

  2. Chase Ultimate Rewards

  3. Citi ThankYou Rewards

  4. Capital One Venture Rewards

Show answer
Correct Option: D
Explanation:

Capital One Venture Rewards points typically expire after 12 months of inactivity.

Which of the following travel rewards programs has a relatively long expiration period (typically 48 months)?

  1. American Express Membership Rewards

  2. Chase Ultimate Rewards

  3. Citi ThankYou Rewards

  4. Marriott Bonvoy

Show answer
Correct Option: D
Explanation:

Marriott Bonvoy points typically expire after 48 months of inactivity.

What is the best way to find out the expiration policy for your travel rewards program?

  1. Check the terms and conditions of your rewards program

  2. Contact your credit card issuer or loyalty program customer service

  3. Search for the expiration policy online

  4. All of the above

Show answer
Correct Option: D
Explanation:

You can find the expiration policy for your travel rewards program by checking the terms and conditions, contacting customer service, or searching online.

What is the difference between a travel rewards program and a loyalty program?

  1. Travel rewards programs are only offered by credit card companies, while loyalty programs are offered by airlines, hotels, and other travel providers.

  2. Travel rewards programs allow you to earn points for travel purchases, while loyalty programs allow you to earn points for staying at hotels, flying with airlines, or renting cars.

  3. Travel rewards programs typically have a shorter expiration period than loyalty programs.

  4. None of the above

Show answer
Correct Option: D
Explanation:

There is no fundamental difference between travel rewards programs and loyalty programs. Both types of programs allow you to earn points for travel-related purchases and activities, and both types of programs may have expiration policies.

Which of the following is NOT a strategy for preserving your travel rewards points?

  1. Use your points regularly for travel or other rewards

  2. Keep your account active by making purchases with your rewards credit card

  3. Transfer your points to a loyalty program that has a longer expiration period

  4. Let your points expire so you can earn new points more quickly

Show answer
Correct Option: D
Explanation:

Letting your points expire is not a strategy for preserving them. Instead, you should use your points regularly, keep your account active, or transfer your points to a program with a longer expiration period.

What is the best way to maximize the value of your travel rewards points?

  1. Use your points for travel during peak season

  2. Use your points for travel during off-peak season

  3. Use your points for travel to popular destinations

  4. Use your points for travel to less popular destinations

Show answer
Correct Option: B
Explanation:

Using your points for travel during off-peak season can help you maximize their value, as flights and hotel rooms are typically cheaper during these times.

Which of the following is NOT a benefit of using travel rewards points?

  1. You can save money on travel expenses

  2. You can earn free flights and hotel stays

  3. You can upgrade your travel experience

  4. You can lose all of your points if you don't use them regularly

Show answer
Correct Option: D
Explanation:

Losing all of your points if you don't use them regularly is a potential drawback of travel rewards programs, not a benefit.

What is the best way to learn more about travel rewards programs and expiration policies?

  1. Read travel blogs and websites

  2. Talk to your friends and family who travel frequently

  3. Sign up for email alerts from your favorite travel rewards programs

  4. All of the above

Show answer
Correct Option: D
Explanation:

Reading travel blogs and websites, talking to experienced travelers, and signing up for email alerts are all good ways to learn more about travel rewards programs and expiration policies.

Which of the following is NOT a good practice for managing your travel rewards points?

  1. Keep track of your points balance and expiration dates

  2. Use your points for travel or other rewards as soon as possible

  3. Transfer your points to a loyalty program that has a longer expiration period

  4. Let your points expire so you can earn new points more quickly

Show answer
Correct Option: D
Explanation:

Letting your points expire is not a good practice for managing your travel rewards points. Instead, you should keep track of your points balance and expiration dates, use your points as soon as possible, or transfer your points to a program with a longer expiration period.

What is the best way to avoid paying fees for travel rewards redemptions?

  1. Use your points for travel during off-peak season

  2. Book your travel arrangements well in advance

  3. Transfer your points to a loyalty program that has no fees for redemptions

  4. All of the above

Show answer
Correct Option: D
Explanation:

Using your points for travel during off-peak season, booking your travel arrangements well in advance, and transferring your points to a loyalty program that has no fees for redemptions can all help you avoid paying fees for travel rewards redemptions.

Which of the following is NOT a good reason to use travel rewards points for travel?

  1. To save money on travel expenses

  2. To earn free flights and hotel stays

  3. To upgrade your travel experience

  4. To impress your friends and family

Show answer
Correct Option: D
Explanation:

Using travel rewards points to impress your friends and family is not a good reason to use them. Instead, you should use your points for travel that you actually want to do and that will benefit you the most.

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