The Wall St. Journal reports on new cards from Orbitz and Travelocity.
So in the third wave, card companies and their online travel-agency partners hope to target people who spend less on their cards and want more flexibility. For well under 10,000 points, cardholders can cash in for a $100 travel gift certificate. That chit has a specific value that doesn’t fluctuate, making it simpler to understand and redeem. Frequent-flier miles can be difficult to value, since their worth depends on the cash price of the ticket for which they’re being redeemed.
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