AwardWallet receives compensation from advertising partners for links on the blog. The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Here's our complete list of Advertisers.

Chase has announced that Korean Air will no longer be an Ultimate Rewards transfer partner effective August 25, 2018. For anyone that has redeemed with Korean, this is a definite hit to the value of Ultimate Rewards.

Korean Air A380 First Class Bar
Korean Air A380 First Class Bar

The move is disappointing since Korean Air has some great redemption sweet spots, including flights to Europe on Sky Team partners, as well as some of the best value on flights to Hawaii.

Couple good redemption value with a relatively easy and straightforward process for award redemptions, and family pooling, and it becomes clear how big of a hit this move by Chase is.

Our Take

However you look at it, this is terrible news. If you are a diehard Korean Air fan looking to build a mileage balance, you'll need to look to one of the co-brand credit cards issued by US Bank, or transfer points from another transfer partner, such as Marriott Rewards.

Source: Point Me To The Plane

Tip of The Day
Wondering how AwardWallet determines a loyalty program account expiration date? When you click the expiration date next to your account, AwardWallet will give you a detailed description of how that date was calculated. Expiration dates calculated by AwardWallet (rather than listed on your loyalty program account page) have a special icon to let you know that we did the math for you.
Screenshot showing popup in the AwardWallet dashboard showing how an account expiration date is calculated

The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

25