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Award Redemption Run on the Bank?

Discussion in 'questions. answers. conversations.' started by Peter Aeroplan, Oct 30, 2017.

  1. Hello,
    I am completely new to the loyalty/ frequent flyer/ miles world. EG, I seldom travel for business and don't use my credit card much.

    Can someone please explain to me what the term `Run on the Bank' means as it relates to airline miles? I heard this term used in reference to Air Canada discontinuing it relationship with Aeroplan. I assume it means that holders of points/ airlines lines will rush to redeem their airlines miles once the relationship ends between Air Canada and Aeroplan.

    Thanks, Peter
     
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  2. Gaurav

    Gaurav Well-Known Member

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    You have the correct interpretation, but the rush usually starts once the news breaks, not when the relationship ends (usually it wouldn't be possible to redeem at that point).
     
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    Tiffany likes this.