I’ve been seriously in the points game since about 2016 and in my opinion the three most significant setbacks that have happened in that time, probably in this order, have been the following:
- The massive AmEx MR devaluation in 2019, where they went from 1 MR point per FF point to 2 MR points per FF point. At least they gave plenty of notice.
- The trend (accelerated over the past couple of years) for airlines to make reward seats available only to their own frequent flyers.
- Emirates massively increasing their carrier charges in 2022.
In that time there have also been some “sweet spots” made available which were not available before: chiefly, Qatar switching to Avios along with AmEx MR making Qatar a transfer partner (and off-peak redemptions still being, frankly, very cheap and relatively easy to come by outside of the northern Summer peak period).
Not being Qantas Platinum, long-haul redemptions on Qantas have never been a real option for me (though I’ve very recently used Qantas points to redeem First Class in both JAL and Emirates).
This is just my way of saying that it’s not all doom and gloom. Swings and roundabouts, yes. But to those willing to be flexible and nimble, it’s business as usual.