{
    "version": "1.0",
    "generated_at": "2026-08-16T05:38:56Z",
    "source": "https://milesmosaic.com/devaluations/",
    "events": [
        {
            "id": 13,
            "programme": {
                "slug": "marriott-bonvoy",
                "name": "Marriott Bonvoy"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2026-07-07",
            "effective_date": "2026-07-07",
            "magnitude_pct": null,
            "summary": "Marriott raised Bonvoy award pricing roughly 5 to 10 percent without notice to members",
            "source_url": "https://awardwallet.com/news/marriott-bonvoy/marriott-raises-award-pricing-2026/",
            "source_name": "AwardWallet",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/marriott-bonvoy#evt-13"
        },
        {
            "id": 8,
            "programme": {
                "slug": "aeroplan",
                "name": "Air Canada Aeroplan"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2026-05-31",
            "effective_date": "2026-06-01",
            "magnitude_pct": null,
            "summary": "Partner award rates repriced across dozens of routes, with more increases than decreases",
            "source_url": "https://onemileatatime.com/news/aeroplan-updating-award-chart-devaluation/",
            "source_name": "One Mile at a Time",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/aeroplan#evt-8"
        },
        {
            "id": 31,
            "programme": {
                "slug": "bilt-rewards",
                "name": "Bilt Rewards"
            },
            "type": "partner",
            "direction": "devaluation",
            "severity": "minor",
            "announced_date": "2026-05-02",
            "effective_date": "2026-05-02",
            "magnitude_pct": null,
            "summary": "Spirit Airlines ceased operations on 2 May 2026 and was removed as a Bilt transfer partner",
            "source_url": "https://awardwallet.com/news/bilt-rewards/spirit-airlines-transfer-partner/",
            "source_name": "AwardWallet",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/bilt-rewards#evt-31"
        },
        {
            "id": 14,
            "programme": {
                "slug": "world-of-hyatt",
                "name": "World of Hyatt"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2026-04-24",
            "effective_date": "2026-05-20",
            "magnitude_pct": null,
            "summary": "Hyatt launched a new 5-tier award chart with roughly 40 pricing levels, its biggest chart overhaul in years",
            "source_url": "https://frequentmiler.com/mayday-hyatt-to-launch-a-brutal-new-world-of-hyatt-chart-in-may-2026/",
            "source_name": "Frequent Miler",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/world-of-hyatt#evt-14"
        },
        {
            "id": 30,
            "programme": {
                "slug": "bilt-rewards",
                "name": "Bilt Rewards"
            },
            "type": "partner",
            "direction": "enhancement",
            "severity": "minor",
            "announced_date": "2026-03-25",
            "effective_date": "2026-03-25",
            "magnitude_pct": null,
            "summary": "Bilt added Wyndham Rewards as its sixth hotel transfer partner at 1:1, transferable in 2,000 point increments",
            "source_url": "https://awardwallet.com/news/bilt-rewards/wyndham-rewards-transfer-partner/",
            "source_name": "AwardWallet",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/bilt-rewards#evt-30"
        },
        {
            "id": 28,
            "programme": {
                "slug": "citi-thankyou-rewards",
                "name": "Citi ThankYou Rewards"
            },
            "type": "transfer_ratio",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2026-03-20",
            "effective_date": "2026-04-19",
            "magnitude_pct": null,
            "summary": "Citi cut two hotel transfer ratios from 19 April 2026, Choice Privileges by 25 percent and Preferred Hotels I Prefer by 50 percent",
            "source_url": "https://awardwallet.com/news/citi-thankyou-rewards/citi-transfer-devaluation-choice-preferred-hotels/",
            "source_name": "AwardWallet",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/citi-thankyou-rewards#evt-28"
        },
        {
            "id": 17,
            "programme": {
                "slug": "flying-blue",
                "name": "Air France/KLM Flying Blue"
            },
            "type": "status",
            "direction": "enhancement",
            "severity": "minor",
            "announced_date": "2026-02-12",
            "effective_date": "2026-02-12",
            "magnitude_pct": null,
            "summary": "Flying Blue reinstated status-point earning on Basic economy fares at a flat 2 XP and 2 UXP per segment regardless of distance",
            "source_url": "https://upgradedpoints.com/news/flying-blue-reinstates-xp-basic-fares/",
            "source_name": "Upgraded Points",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/flying-blue#evt-17"
        },
        {
            "id": 29,
            "programme": {
                "slug": "bilt-rewards",
                "name": "Bilt Rewards"
            },
            "type": "earning",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2026-02-07",
            "effective_date": "2026-02-07",
            "magnitude_pct": null,
            "summary": "Bilt Card 2.0 replaced flat 1x rent points with a model where housing points must first be unlocked by other card spending",
            "source_url": "https://onemileatatime.com/news/new-bilt-credit-card-rent-rewards-details/",
            "source_name": "One Mile at a Time",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/bilt-rewards#evt-29"
        },
        {
            "id": 23,
            "programme": {
                "slug": "american-airlines-aadvantage",
                "name": "American Airlines AAdvantage"
            },
            "type": "earning",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2025-12-19",
            "effective_date": "2025-12-17",
            "magnitude_pct": null,
            "summary": "Basic Economy tickets bought on or after 17 December 2025 earn no AAdvantage miles and no Loyalty Points",
            "source_url": "https://www.cbsnews.com/news/american-airlines-to-stop-letting-basic-economy-customers-earn-miles/",
            "source_name": "CBS News",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/american-airlines-aadvantage#evt-23"
        },
        {
            "id": 16,
            "programme": {
                "slug": "chase-ultimate-rewards",
                "name": "Chase Ultimate Rewards"
            },
            "type": "benefit",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-12-19",
            "effective_date": null,
            "magnitude_pct": null,
            "summary": "Chase quietly reduced the Sapphire Reserve Points Boost guaranteed rate for The Edit hotel portfolio from a flat 2 cents per point to a variable rate of up to 2x, with some properties pricing near 1.65 cents per point",
            "source_url": "https://thriftytraveler.com/news/credit-card/chase-sapphire-reserve-points-boost-devaluation/",
            "source_name": "Thrifty Traveler",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/chase-ultimate-rewards#evt-16"
        },
        {
            "id": 6,
            "programme": {
                "slug": "avios",
                "name": "British Airways Executive Club Avios"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-12-15",
            "effective_date": "2025-12-15",
            "magnitude_pct": -10,
            "summary": "British Airways raised long-haul Avios pricing by 10 percent, while short-haul reward flights saw higher cash surcharges rather than a points-price increase",
            "source_url": "https://onemileatatime.com/news/british-airways-club-avios-devaluation/",
            "source_name": "One Mile at a Time",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/avios#evt-6"
        },
        {
            "id": 10,
            "programme": {
                "slug": "united-mileageplus",
                "name": "United MileagePlus"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-12-08",
            "effective_date": "2027-02-01",
            "magnitude_pct": null,
            "summary": "United announced it will retire the fixed PlusPoints upgrade-award chart and move upgrade awards to fully dynamic pricing beginning February 2027",
            "source_url": "https://liveandletsfly.com/united-airlines-status-upgrade-changes-2026/",
            "source_name": "Live and Let's Fly",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/united-mileageplus#evt-10"
        },
        {
            "id": 15,
            "programme": {
                "slug": "capital-one-miles",
                "name": "Capital One Miles"
            },
            "type": "transfer_ratio",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-12-03",
            "effective_date": "2026-01-13",
            "magnitude_pct": -25,
            "summary": "Capital One cut its Emirates Skywards transfer ratio from 1:1 to 1,000:750, a 25 percent devaluation",
            "source_url": "https://onemileatatime.com/news/capital-one-devalues-emirates-skywards-transfers/",
            "source_name": "One Mile at a Time",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/capital-one-miles#evt-15"
        },
        {
            "id": 26,
            "programme": {
                "slug": "delta-skymiles",
                "name": "Delta SkyMiles"
            },
            "type": "status",
            "direction": "enhancement",
            "severity": "minor",
            "announced_date": "2025-12-02",
            "effective_date": "2026-02-01",
            "magnitude_pct": null,
            "summary": "Delta refreshed Diamond and Platinum Choice Benefits from 1 February 2026, raising three options and cutting the American Express statement credit",
            "source_url": "https://upgradedpoints.com/news/delta-choice-benefits-changing-2026/",
            "source_name": "Upgraded Points",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/delta-skymiles#evt-26"
        },
        {
            "id": 5,
            "programme": {
                "slug": "turkish-miles-and-smiles",
                "name": "Turkish Airlines Miles&Smiles"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-12-01",
            "effective_date": "2025-12-01",
            "magnitude_pct": null,
            "summary": "Miles&Smiles raised partner domestic award pricing 50 percent and repriced its Hawaii sweet spot to a new, higher tier",
            "source_url": "https://www.themilesmarket.com/post/airline-devaluation-2025-2026-playbook",
            "source_name": "The Miles Market: 2025-2026 Devaluation Playbook",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/turkish-miles-and-smiles#evt-5"
        },
        {
            "id": 4,
            "programme": {
                "slug": "sas-eurobonus",
                "name": "SAS EuroBonus"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2025-11-14",
            "effective_date": "2025-12-01",
            "magnitude_pct": -20,
            "summary": "EuroBonus raised business-class award pricing on SAS-operated intercontinental flights by 20 percent",
            "source_url": "https://frequentmiler.com/sas-eurobonus-will-raise-award-prices-by-as-much-as-33/",
            "source_name": "Frequent Miler",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/sas-eurobonus#evt-4"
        },
        {
            "id": 3,
            "programme": {
                "slug": "krisflyer",
                "name": "Singapore Airlines KrisFlyer"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-11-01",
            "effective_date": "2025-11-01",
            "magnitude_pct": null,
            "summary": "KrisFlyer raised premium-cabin award rates across long-haul partner redemptions",
            "source_url": "https://www.themilesmarket.com/post/airline-devaluation-2025-2026-playbook",
            "source_name": "The Miles Market: 2025-2026 Devaluation Playbook",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/krisflyer#evt-3"
        },
        {
            "id": 18,
            "programme": {
                "slug": "amex-membership-rewards",
                "name": "American Express Membership Rewards"
            },
            "type": "fee",
            "direction": "neutral",
            "severity": "minor",
            "announced_date": "2025-09-18",
            "effective_date": "2025-09-18",
            "magnitude_pct": null,
            "summary": "American Express refreshed the Platinum Card, raising the annual fee to $895 while adding roughly $3,500 in credits",
            "source_url": "https://www.cnbc.com/2025/09/18/american-express-platinum-card-refresh-895-fee-3500-perks.html",
            "source_name": "CNBC",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/amex-membership-rewards#evt-18"
        },
        {
            "id": 12,
            "programme": {
                "slug": "hilton-honors",
                "name": "Hilton Honors"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2025-09-09",
            "effective_date": "2025-09-09",
            "magnitude_pct": null,
            "summary": "Hilton raised its top-tier award rate again, to 250,000 points per night at its most expensive properties, the second such increase in 2025",
            "source_url": "https://onemileatatime.com/news/hilton-honors-devalues-points/",
            "source_name": "One Mile at a Time",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/hilton-honors#evt-12"
        },
        {
            "id": 22,
            "programme": {
                "slug": "american-airlines-aadvantage",
                "name": "American Airlines AAdvantage"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-07-30",
            "effective_date": null,
            "magnitude_pct": null,
            "summary": "One Mile at a Time reported a slow, unannounced repricing of AAdvantage saver business class, with 75,000 miles increasingly the one-way transatlantic rate",
            "source_url": "https://onemileatatime.com/news/american-aadvantage-business-class-award-devaluation/",
            "source_name": "One Mile at a Time",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/american-airlines-aadvantage#evt-22"
        },
        {
            "id": 20,
            "programme": {
                "slug": "southwest-rapid-rewards",
                "name": "Southwest Rapid Rewards"
            },
            "type": "benefit",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-07-21",
            "effective_date": "2026-01-27",
            "magnitude_pct": null,
            "summary": "Southwest moved to assigned, paid seating, ending its open-seating boarding model",
            "source_url": "https://thepointsguy.com/news/southwest-airlines-assigned-seats-date/",
            "source_name": "The Points Guy",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/southwest-rapid-rewards#evt-20"
        },
        {
            "id": 21,
            "programme": {
                "slug": "american-airlines-aadvantage",
                "name": "American Airlines AAdvantage"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2025-06-12",
            "effective_date": "2025-08-12",
            "magnitude_pct": null,
            "summary": "American stopped accepting new mileage upgrade award chart requests from 12 August 2025, moving mileage upgrades to dynamic pricing",
            "source_url": "https://thepointsguy.com/news/american-airlines-instant-upgrade",
            "source_name": "The Points Guy",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/american-airlines-aadvantage#evt-21"
        },
        {
            "id": 1,
            "programme": {
                "slug": "lufthansa-miles-and-more",
                "name": "Lufthansa Miles&More"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2025-06-03",
            "effective_date": "2025-06-03",
            "magnitude_pct": null,
            "summary": "Miles&More moved intercontinental award pricing to a fully dynamic model, replacing the published award chart",
            "source_url": "https://www.themilesmarket.com/post/airline-devaluation-2025-2026-playbook",
            "source_name": "The Miles Market: 2025-2026 Devaluation Playbook",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/lufthansa-miles-and-more#evt-1"
        },
        {
            "id": 9,
            "programme": {
                "slug": "united-mileageplus",
                "name": "United MileagePlus"
            },
            "type": "benefit",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-05-22",
            "effective_date": "2025-08-21",
            "magnitude_pct": null,
            "summary": "United eliminated the Excursionist Perk that allowed a free one-way award inside some multi-city itineraries",
            "source_url": "https://liveandletsfly.com/united-airlines-ends-instant-upgrades/",
            "source_name": "Live and Let's Fly",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/united-mileageplus#evt-9"
        },
        {
            "id": 2,
            "programme": {
                "slug": "emirates-skywards",
                "name": "Emirates Skywards"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2025-05-12",
            "effective_date": "2025-05-12",
            "magnitude_pct": null,
            "summary": "Skywards gated First Class award redemptions behind elite tier status, closing the cabin to base-tier members",
            "source_url": "https://www.themilesmarket.com/post/airline-devaluation-2025-2026-playbook",
            "source_name": "The Miles Market: 2025-2026 Devaluation Playbook",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/emirates-skywards#evt-2"
        },
        {
            "id": 11,
            "programme": {
                "slug": "hilton-honors",
                "name": "Hilton Honors"
            },
            "type": "award_chart",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-05-01",
            "effective_date": "2025-05-01",
            "magnitude_pct": null,
            "summary": "Hilton raised its top-tier award rate from 150,000 to 200,000 points per night at its most expensive properties",
            "source_url": "https://onemileatatime.com/news/hilton-honors-devalues-points/",
            "source_name": "One Mile at a Time",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/hilton-honors#evt-11"
        },
        {
            "id": 27,
            "programme": {
                "slug": "citi-thankyou-rewards",
                "name": "Citi ThankYou Rewards"
            },
            "type": "transfer_ratio",
            "direction": "devaluation",
            "severity": "moderate",
            "announced_date": "2025-04-24",
            "effective_date": "2025-07-27",
            "magnitude_pct": -20,
            "summary": "Citi cut its Emirates Skywards transfer ratio from 1:1 to 1,000:800, a 20 percent devaluation",
            "source_url": "https://thepointsguy.com/news/citi-thankyou-rewards-devalues-emirates-skywards-transfer/",
            "source_name": "The Points Guy",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/citi-thankyou-rewards#evt-27"
        },
        {
            "id": 19,
            "programme": {
                "slug": "southwest-rapid-rewards",
                "name": "Southwest Rapid Rewards"
            },
            "type": "benefit",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2025-03-11",
            "effective_date": "2025-05-28",
            "magnitude_pct": null,
            "summary": "Southwest ended its Bags Fly Free policy, introducing checked-bag fees for most fares",
            "source_url": "https://tripswithtykes.com/changes-southwest-airlines-2025/",
            "source_name": "Trips With Tykes",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/southwest-rapid-rewards#evt-19"
        },
        {
            "id": 25,
            "programme": {
                "slug": "delta-skymiles",
                "name": "Delta SkyMiles"
            },
            "type": "partner",
            "direction": "neutral",
            "severity": "moderate",
            "announced_date": "2025-01-10",
            "effective_date": "2025-04-07",
            "magnitude_pct": null,
            "summary": "Delta ended SkyMiles earning on Lyft rides after 7 April 2025 and replaced it with an Uber partnership",
            "source_url": "https://awardwallet.com/news/delta-skymiles/delta-lyft-parnership/",
            "source_name": "AwardWallet",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/delta-skymiles#evt-25"
        },
        {
            "id": 7,
            "programme": {
                "slug": "avios",
                "name": "British Airways Executive Club Avios"
            },
            "type": "status",
            "direction": "devaluation",
            "severity": "major",
            "announced_date": "2024-12-30",
            "effective_date": "2025-04-01",
            "magnitude_pct": null,
            "summary": "British Airways replaced segment-based Tier Point earning with a revenue-based model for most fares",
            "source_url": "https://www.headforpoints.com/2024/12/30/british-airways-club-revenue-based-status/",
            "source_name": "Head for Points",
            "last_verified": "2026-08-07",
            "url": "https://milesmosaic.com/devaluations/avios#evt-7"
        },
        {
            "id": 24,
            "programme": {
                "slug": "delta-skymiles",
                "name": "Delta SkyMiles"
            },
            "type": "fee",
            "direction": "neutral",
            "severity": "moderate",
            "announced_date": "2024-02-01",
            "effective_date": "2024-05-01",
            "magnitude_pct": null,
            "summary": "Delta and American Express raised co-brand annual fees, Gold $99 to $150, Platinum $250 to $350 and Reserve $550 to $650, while adding new credits",
            "source_url": "https://www.cbsnews.com/news/delta-amex-credit-card-annual-fee-changes/",
            "source_name": "CBS News",
            "last_verified": "2026-08-08",
            "url": "https://milesmosaic.com/devaluations/delta-skymiles#evt-24"
        }
    ]
}