Protect Your Points Act of 2024

This bill amends federal law to add new consumer protections for frequent flyer programs and co-branded credit cards offered by airlines. It requires airlines to disclose the value of points, bans expiration dates, allows free transfers of points between program members, and mandates that airfare and add-on services be displayed and purchasable in both dollars and points. It also requires airlines to give consumers at least one year's notice before making any changes that devalue points or alter terms of service.

Sec. 2, Protections relating to frequent flyer programs and co-branded credit cards: This section adds a new section 42309 to federal law. It requires airlines to display the financial value of one point on their website within 90 days and update it in real time. Airlines cannot place expiration dates on points. They must allow consumers to transfer any amount of points to another program participant for free, with the transferred value guaranteed equal. Within one year, airlines must show the cost of airfare and add-on services in both dollars and points on booking pages, displayed together, and must let consumers pay for tickets and add-ons in any combination of dollars and points. Airlines cannot include contract terms that let them change terms without at least one year's notice, and cannot devalue points (by reducing dollar value, eliminating, suspending, or imposing new limits or fees) unless they give consumers at least one year's notice. The Secretary of Transportation must coordinate with the Consumer Financial Protection Bureau on these notice requirements. The section defines key terms: 'add-on services' includes seating, baggage, food, and other in-flight extras; 'co-branded credit card' means a card jointly offered by an airline and a credit card issuer to reward loyalty; 'covered air carrier' is a passenger airline operating under federal regulations that offers a frequent flyer program; 'frequent flyer program' means a program where the airline promises points or miles for tickets; and 'Secretary' means the Secretary of Transportation.