CNBC Select helps you understand whether your travel rewards will lose value during coronavirus so you can decide whether to redeem them or save.
On the other hand, co-branded cards generally have an expiration date to redeem your miles, and the window is often shorter in comparison, Harrison explains — about one to three years.
You can find the exact terms and expiration dates in your card agreements that were mailed to you, but the most updated information will be accessible online. To stay up-to-date on your rewards balance, log into your account and click a link saying something along the lines of "Account Details" or "Rewards Summary." This should take you to your rewards portal.
Meanwhile, nearly every other major card issuer allows you to hold on to your points as long as your account is active and in good standing. For example, if you have the, the card agreement states that your rewards are yours for the life of the account with no expiration date. However, if you close your account, you will lose any unclaimed rewards you didn't redeem. You typically have to use your card at least once every six months or so for it to be considered "active.
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