In case you missed it this past weekend, check out Ron Lieber's piece in The New York Times titled "Gauging the Worth of A Frequent Flyer Credit Card." It echoes the sentiments and perspective we posted a few weeks ago and makes the case that if you're carrying around (and using) a credit card from a frequent flyer program, you might want to re-evaluate its value proposition.
While we do not espouse the virtues of coalition loyalty programs, the more that bedrock frequent flyer programs devalue their miles, the more they open the door for coalitions and other "synthetic" currencies. More importantly, the devaluation of frequent flyer miles makes it even more important that companies figure out the best loyalty proposition for their brand, their customers and their business. Not for the airlines.