PointsSnobFor You

Devaluation Watch

Which currencies are decaying, ranked by threat.

Loyalty currencies only move one way. This is the ranked watch list — the threat level on each entry is what drives that program's status badge everywhere else on the site.

Virgin Atlantic Flying ClubWATCH
This quarter

ANA partner award pricing rumored to rise up to 60%

It's widely regarded as the best first-class redemption going — which is exactly why the rumored increase matters. Nothing's confirmed yet, but partner charts this generous have historically lasted only 12–24 months after going mainstream, so the downside is real.

What to do right now

If ANA First is a priority and your dates are firm, waiting creates more downside than upside — transfer and book now. If your plans are still loose, don't move on a rumor.

Ongoing

Top-tier properties drifting past 150k per night

Fully dynamic pricing means yesterday's 85k aspirational property can be today's 230k 'flexible rate' — no chart and no floor to hold the price down.

What to do right now

Holding a large Bonvoy balance? Spend it on high-value stays this year rather than banking it. Free-night certificates are holding value better than points, so lean on those.

MONITORINGJul 2, 2026
Hilton HonorsWATCH
Last 90 days

Standard award caps quietly removed at flagship properties

Premium Hiltons in destinations like the Maldives now run 150k+ per night, eroding one of the currency's few dependable uses.

What to do right now

Value Hilton points at ~0.5¢ and spend them on near-term stays. If you're banking a balance for 'someday', someday keeps getting more expensive.