Go to Main Content

Advertisement

By MoneySense Staff on December 1, 2016
Estimated reading time: 1 minute

Air Miles expiring? Not any more

By MoneySense Staff on December 1, 2016
Estimated reading time: 1 minute

LoyaltyOne cancels Dec. 31 expiry date

Advertisement

Loyalty One, the company that runs Air Miles is cancelling its plan to allow reward miles five years or older to expire amid plenty of backlash from consumers and government bodies. “There is uncertainty with provincial governments proposing or considering legislation across Canada so we have decided to cancel the expiry policy so that all Collectors, regardless of location, can be confident that their balances will be protected,” said Bryan Pearson, President and CEO, LoyaltyOne in a statement.

Why you should still plan to use your Air Miles soon

A committee in the Ontario legislature was nearing the final vote on the the Protecting Reward Points Act, which would’ve banned the expiry of points in all loyalty or rewards programs in the province. The change is effective immediately, which means collectors no longer have to scramble in the coming weeks to use up their points by December 31, 2016, the original expiry deadline. Aeroplan similarly reverted their mile expiry plan back in 2013 after negative feedback from customers.

Related:

Comments Cancel reply

Related Articles

Why I’m optimistic about the markets in 2025–tariffs or no

This advisor isn’t losing any sleep over the markets. In fact, looking back at 2024 and forward into 2025,...

Why I’m optimistic about the markets in 2025–tariffs or no

Can Santander take on Canada’s Big Six? Why the global bank may face hurdles

A fresh international challenger has the potential to add competition to the country’s banking oligopoly, though experts warn it...

Can Santander take on Canada’s Big Six? Why the global bank may face hurdles

Canadian dollar coins are displayed, as we look at the inflation rate in Canada

Canada’s inflation rate down a tick to 1.9% in November

Canada’s inflation rate fell to 1.9% last month, down from 2% in October, as interest rate cuts for 2025...

Canada’s inflation rate down a tick to 1.9% in November

Donald Trump is given a jacket by trader Peter Giacchi at the New York Stock Exchange,

5 things to watch in Canadian business in 2025

Here’s what to keep an eye on as we head into the new year, from the housing market and...

5 things to watch in Canadian business in 2025

A Canada Post truck on a snowy street in front of an apartment building

Canada Post is still delivering some mail—find out what and when

Certain social benefits cheques will be delivered this week, even while Canada Post ramps up its services after the...

Canada Post is still delivering some mail—find out what and when

Photo of a holiday gift cut with scissors—symbolizing a December Bank of Canada rate cut.

Making sense of the Bank of Canada interest rate decision on December 11, 2024

Making sense of the Bank of Canada interest rate decision on December 11, 2024

A maintenance worker outside the Bank of Canada building on Wellington Street in Toronto

Bank of Canada lowers key interest rate by 0.5%

On Wednesday, the central bank announced a jumbo rate cut—its fifth cut in a row since June—and signalled a...

Bank of Canada lowers key interest rate by 0.5%

Canadians turn domestic for holiday travel

A weak loonie is discouraging U.S. trips, as extra flight capacity north of the border pushes domestic prices down....

Canadians turn domestic for holiday travel

Shoppers on Sainte-Catherine Street in Montreal on Black Friday

What’s included in Canada’s GST holiday—and how not to overspend

The temporary tax break will save Canadians money, but financial experts caution shoppers to do the math and avoid...

What’s included in Canada’s GST holiday—and how not to overspend

Canadian bank earnings reports

Canada’s Big Six banks are releasing their quarterly earnings. Here’s what they said this week.

Canadian bank earnings reports