I have also been a member of Mypoints for several years. I recently read this thread on another board I belong to. Something for those of you holding on to high balances to think about...you never know.
Y'all all know United Air Lines is the parent company of MyPoints and
that they declared bankruptcy 2.5 years ago. They're trying to
complete their restructuring plan so they can come out of bankruptcy
and today they announced they were assigning a VP of Strategy to
assess their ancillary businesses...starting with MyPoints.
No idea what's going to come of that, if anything...but I thought it
was something we should keep in mind, particularly those of us with
large point balances we might be holding in the hopes of a big
cashout. It might not be a bad idea to be conservative and cash out
at a lower level just to be sure.
The full press release is here:
http://biz.yahoo.com/prnews/050531/cgtu045.html?.v=13
-Rich
