Do you really own your frequent-flier miles?


The “terms and conditions’’ of many airlines frequent-flier programs state that the miles are actually owned by the airline.

You “earn’’ your frequent-flier miles through travel or spending. They are held in “your’’ account; you think of them as cash in a bank account. You spend them as you see fit. They are your asset, and airlines record your future award travel as a liability on their books.


Continue reading… “Do you really own your frequent-flier miles?”