Cathay Pacific Asia Miles has improved its mileage expiration policy: miles will no longer expire with activity once every 18 months. That’s much better than the current policy of miles expiring after 36 months whether or not they are used.
The news here is that miles earned beginning January 1, 2020 will not expire as long as you have activity once every 18 months. Miles earned up to December 31, 2019 will be subject to the old 36-month expiration policy. Based on the announcement page, I expect that a transfer from a bank program or hotel program will count to reset expiration under the new policy beginning in January.
That said, the miles you currently have will still expire under the old policy. However, in the announcement about the change, Cathay says that members will be able to renew those “old miles to be subject to the new expiration policy for a small fee.
Miles earned under the time-based system can be renewed to the new activity-based system subject to the payment of a service fee (online: USD40; other channels: USD100). Miles earned under the new activity-based system cannot be renewed.
That seems like a reasonable deal and suddenly makes Asia Miles a reasonable option for transferring points before closing a credit card since the miles can be kept from expiring fairly easily.
Read more about the new expiration policy on the Asia Miles official announcement page here.
H/T: Loyalty Lobby