www.forbes.com
Wow! So devaluation is inevitable for any program with never expiring miles..Another interesting analysis how artificially creating air miles out of thin air and selling them to credit card issuing banks for real money are so profitable for all the AirlinesSenators Probe How Airlines Make Money From Frequent Flyer Programs
Airline loyalty programs are designed to offer frequent flyers an exclusive experience while keeping airlines profitable.
Devaluation is inevitable even for airline programs with expiring miles
Starbucks had around $200 million in unused/expiring gift voucher credits in the US.. Read about it a while ago. Very sneaky!!
Yes but I suppose they can delay or avoid doing it for longer
International & domestic airmiles value in India by Moolah geeks--
Did they send a mail?
No one can guarantee it. Hope for the best, as of now doesn't seem bright.
I am convinced that Axis has a huge number of employees in a building somewhere manually checking every transaction on every card, dividing by 100 or 200 and multiplying by 2 or 12 and entering the result in a box on their screen which then goes through three levels of approvals (points crediter, manager points crediting, VP points crediting). How else can this stupid delay be explained when nearly all other banks automatically credit the points as soon as the transaction is settled?
It's not new, these were always the same timelines , we used to get early so far
In my case also transaction of 19th got missed
