Use Those Frequent Flyer Miles Now!

June 15, 2009 — -- The most popular word in the English language is "free."

And that's probably more true than ever in these tricky economic times. We could all use something for nothing about now. So I want to write about frequent flyer miles in this week's column. Or should I say "free-quent" flyer miles?

It's a good time to talk about award travel for two reasons: it's summer and you may be worrying your miles will be worthless if your favorite airline goes under.

Fortunately, even if your airline of choice goes out of business, your miles don't automatically crash and burn. For one thing, competitors are likely to honor your frequent flyer miles because they want your business. You'll probably have some warning before the airline goes belly up, so you can try to use up the miles first. If you can't squeeze in enough flights, you can use miles to shop, rent cars or stay in hotels. You can donate miles to charity and take a tax deduction. If you're really worried, some companies now offer frequent flyer mile insurance.

The more immediate concern is that the airlines could end or cut back their mileage programs just as easily as they started them. There's no law that protects passenger's rights. Airlines can raise the number of miles required for a flight, lower the number of seats available or cancel portions of their programs at will.

Some credit card companies are cutting back on their points programs, so it's possible airlines will too (although the math is different because filling an empty seat on a flight that's going anyway costs an airline nothing whereas doling out points can be pricey for a credit card company.)

Anyway, I think it's a good idea to try to use up some of your airlines miles right now so you don't lose them -- and for the fun of it.

I actually know people who no longer sign up for frequent flyer programs because they've had trouble booking seats using miles. Pathetic. True, flying for free is not a sport for procrastinators. But if you plan ahead like me you won't have any problem at all. Anticipating a vacation is almost as good as going on it, so snag some free seats well in advance and start daydreaming. Airlines only give away 4 to 7 percent of their seats per flight. You do need to get a head start.