The article discusses how the author now prioritizes transferable credit card points over airline elite status, highlighting the changing value of elite perks post-pandemic and emphasizing the importance of flexible points, strategic loyalty, and specific airline benefits like lounge access and systemwide upgrades. It also explores the potential of low-cost carriers like Frontier for elite benefits and offers insights into evaluating credit card value based on real-world travel needs.
American Airlines has announced that travelers booking basic economy tickets on or after Dec. 17 will no longer earn AAdvantage miles or Loyalty Points, as part of a broader trend of airlines reducing perks on cheaper fares. While basic economy remains the lowest-priced option with some included amenities, loyalty rewards are now limited for these tickets, although elite members can still access upgrades. This move reflects American's effort to stay competitive with other airlines like Delta and United, which have also adjusted their loyalty programs for basic economy travelers.
American Airlines has announced that starting December 17, 2025, members of its AAdvantage loyalty program will no longer earn miles or loyalty points when purchasing basic economy tickets, although they will still receive some in-flight amenities. This change aims to make basic economy fares less attractive to travelers who might otherwise opt for more expensive tickets, as the airline seeks to balance competitiveness and profitability amid recent financial losses.
Citi has launched the new $350 annual fee AAdvantage Globe Mastercard, targeting American Airlines flyers with benefits like Admirals Club passes, a companion certificate, inflight credits, free checked bags, and bonus miles, making it a potentially valuable option for frequent American travelers, though it may not suit everyone.
The American Express Platinum Card, with an $895 annual fee, now offers over $2,800 in perks including extensive lounge access, travel credits, elite status, and bonus points, making it a valuable option for frequent travelers who can maximize its benefits, though it may not be suitable for infrequent travelers or those not utilizing its credits.
Premium credit cards are becoming more expensive with higher annual fees and more complex benefits, making it harder for consumers to maximize value. Banks and airlines are targeting high-spenders with exclusive perks, but recent changes may reduce accessibility and benefits for average users, while still maintaining strong demand among affluent travelers.
Citigroup launched the 'Strata Elite' premium credit card with a $595 annual fee, offering extensive travel rewards, airport lounge access, and partnerships with American Airlines, aiming to compete with high-end cards from Chase and American Express.
Capital One is removing free airport lounge access for Venture X cardholders starting February 2024, replacing it with steep fees unless they spend $75,000 annually, sparking customer outrage over the loss of a valued perk.
Capital One is launching its new airport lounge concept, Capital One Landing, at Washington D.C.'s Ronald Reagan National Airport (DCA). The lounge, designed with input from renowned chef José Andrés, features a unique two-part setup: a traditional lounge with assigned seating and a grab-and-go coffee shop called On the Fly. Unlike other Capital One lounges, access is more restricted, and On the Fly is open to all travelers but not free. The lounge offers a tapas menu and craft cocktails, aiming to cater to travelers with short layovers.
American Express and Delta are increasing annual fees for their co-branded credit cards while adding new benefits such as annual statement credits, companion certificates for select destinations, and enhanced spending categories. Cardholders will also have an easier time qualifying for Silver Medallion status in Delta's loyalty program. The changes will take effect at cardholders' next renewal dates on or after May 1, 2024.
American Airlines has announced 10 changes to its AAdvantage loyalty program for 2024, including new perks for earning Loyalty Points, the ability to redeem points for additional Loyalty Points, and three new ways to earn and redeem miles. The changes also include extending trip credit validity, allowing voluntary cancellation of basic economy tickets, and offering exclusive perks for AAdvantage members. The airline aims to enhance the loyalty program and attract more members, ultimately boosting its bottom line.
CNBC's "Now Boarding" podcast discusses frequent flyer status, airline perks, and whether the game is worth it with guests Tom Stuker, who has flown more than 23 million miles and has lifetime Global Services status on United Airlines, and Brett Snyder, a former airline manager and founder of the Cranky Network Weekly. Topics include the benefits of airline status, how to earn and redeem frequent flyer miles, and the future of airline loyalty programs.
