Aeroplan's One-Way Loyalty Plan
Aeroplan has announced that, in addition to being difficult to redeem, Aeroplan points will now expire.
Your points will have a 7-year life span to use them or lose them. This includes any points you have now, although they will be given a December 31, 2006 start date.
I know someone who had accumulated nearly a million points and was saving them for his imminent retirement. So much for that idea!
I ditched my CIBC Aerogold card a long time ago. For the past few years I've been advising my friends that they should get the Canadian Tire Mastercard... it's a no-fee card and essentially gives you 1% cash-back in the form of Canadian Tire money.