What happens to your loyalty points when you die?
Every rewards program has different rules regarding transferring points if the main account holder dies, and it can be a complicated process. Here's what the executor of the estate may be required to do.
October 10, 2019
4-minute read
Canadians spent an estimated $83.2 billion chasing credit card loyalty points in the last year according to a recent study done by finder.com. It makes sense to collect those points, since you can use them for a dream vacation. But what happens to your points when you die?
It’s a question not many people think about, but considering points can have a real value associated with them, you don’t want them to just disappear if you were to suddenly pass.
About the author
Barry Choi is a personal finance and travel expert based in Toronto who makes frequent media appearances. His work has been featured in The Financial Post, The Globe and Mail, WestJet Magazine and more. You can check out Barry's personal website at moneywehave.com or you can find him on Twitter: @barrychoi
