Ontario Bill to Propose No Expiration on Points

A new CBC article discusses a new bill that would propose no expirations on any Points earned (i.e Air Miles, Aeroplan, etc).

The definition of a “consumer agreement” is amended to include agreements under which rewards points are provided.

A new section is added that prohibits consumer agreements from allowing the expiry of rewards points. Rewards points are allowed to expire when the consumer agreement is terminated, unless it provides otherwise. Any rewards points that expired on or after October 1, 2016 are credited back to the consumer on the day the section comes into force.

I am not sure how this will turn out but I can imagine how much these big companies would lose from this lack of an expiration.