Devaluation Watch
Loyalty currencies only move in one direction. The watch list tracks which programs are devaluing fastest — so you can spend before the music stops.
Preview data — a sample watch list, not live tracking yet.
Virgin Atlantic Flying Club
The single best first-class redemption in the game is living on borrowed time. Partner charts this generous historically survive 12–24 months after going mainstream.
What should I do right now?
If Tokyo in ANA First is on your list, transfer and book now. Hesitation here is how amateurs are made.
Air Canada Aeroplan
Select partner awards pricing above the chart's stated maximums — the classic first symptom of dynamic pricing being phased in quietly.
What should I do right now?
Stopover sweet spots still work. Book firm plans early; stop stockpiling speculatively.
Delta SkyMiles
SkyMiles abandoned award charts years ago, and international premium cabins now float wherever revenue management feels like parking them.
What should I do right now?
Treat SkyMiles as a ~1.1¢ currency for domestic flash sales. Aspirational hoarding of SkyMiles is self-harm.
Marriott Bonvoy
Fully dynamic pricing means yesterday's 85k aspirational property is today's 230k 'flexible rate'. No chart, no floor, no shame.
What should I do right now?
Burn meaningful balances on high-floor stays this year. Free-night certificates are the only Bonvoy currency aging well.
Hilton Honors
Premium Hiltons in Maldives-class destinations now float to 150k+ per night, eroding the one reliable use of the currency.
What should I do right now?
Value Hilton points at ~0.5¢ and spend them promptly. They are a depreciating asset, not a savings account.