Christopher Elliott

Reader advocate for National Geographic Traveler, Tribune Media Services and The Washington Post.

At some point, the loyalty programs we know and love will have to be dramatically restructured and your miles will almost certainly be devalued in a tragic way. Many observers already say miles are a form of unregulated currency. If they are a currency, then they remind me of the hyperinflated German Mark in the 1920s.

Airlines are playing both sides of the fence on this one, allowing customers to earn limitless miles, and quietly trying to deflate the bubble on the other end.This isn’t going to end well.

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