This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
Air Berlin announced last week that it was filing for bankruptcy, joining a few other large carriers that have been in financial trouble recently. Today we’ve found out that there is even more bad news for Germany’s second-largest airline, as Airberlin’s Topbonus frequent flyer program is also declaring bankruptcy.
When visiting the Topbonus website you’ll find a large note at the top of the page, translated from German:
A couple of days ago Airberlin communicated that you would no longer be able to redeem or earn miles with the Topbonus program. According to One Mile at a Time, even TopBonus’ cobrand credit card partner stopped awarding miles for credit card spend.
It gets even worse: it appears that you can’t redeem American Advantage miles for AirBerlin flights anymore. After a search on British Airways’ website, Airberlin award flights were still available to book, but it’s uncertain how long that will be an option.
Although it is unfortunate that you can’t redeem American miles for Airberlin flights anymore (and likely other Oneworld mileage programs soon), it’s not a huge loss for those who might have transferred their SPG Starpoints to Topbonus. The program was not known to be very strong and actually announced a large devaluation in June.
And for those asking, wouldn’t Topbonus have gone bankrupt at the same time as Airberlin? Normally yes, as most frequent flyer programs are part of the airlines — but in this case Topbonus was actually spun off and operates as its own independent business. Etihad, which bought a 29% stake of Airberlin in 2011, also owns 70% of the Topbonus program.
Featured image by Ralf Hirschberger/Getty Images.
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards