COVID-19 has disrupted many travel plans and a side effect of struggling airline industry is the airlines credit or discount codes issued in lieu of direct refund wherever the airlines could offer it. But due to on and off lock downs and travel restrictions even folks who were issued those airline credit or discount code would find difficult in using it.
So, if you have expiring airlines credits or discount codes here are few things you can do:
Contact airline's to see if they can courtesy extend your credit:
Lot of airlines realize that it still might not be possible for folks to use the credit or discount code's and given the ramping COVID-19 they might be willing to extend it or re-issue a new code with future expiration date.
Convert the credits to airlines miles (YMMV, but keep an eye for any special run by airlines):
Few airlines have been innovative and have provided members with option to convert their available credits due to cancellation to airline miles. Southwest Airlines already have active promotion for the same (So check if your credit qualifies) and Alaska Air has run the promotion couple of times in the past, so keep any eye if you have Alaska Airlines credit.
Use the credit or discount code to book future trip:
While your credit may expire it generally can be used for booking future flights before expiration. Although how far in future you can book depends on airlines, usually you should be able to book 330 days out on major U.S. airlines (Except Southwest Airlines). So as a last resort you can book something way out with hope of taking that flight and hoping if there are schedule changes you can use it to your advantage to change your ticket for free without any additional cost.
So, do not sit and let that airline credit/ discount code expire but rather act upon it with whichever options works out for you before the expiration date.
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