Full glossary
booking
Rebooking
Award Rebooking Strategy
Definition
Cancelling and re-booking an award ticket to capture a lower point price after the award chart drops or a partner-program transfer bonus appears.
Why it matters
Most programs allow free cancellation 24+ hours before departure (United, Delta, AAdvantage). Aeroplan charges $125 to cancel. Always book the highest-confidence saver award first; rebook to a better deal later.
Related terms in booking
Saver Award
The cheapest published points price for a flight or hotel night. Award charts publish two tiers: saver (lower, capacity-controlled) and standard (higher, more available).
Saver-Level Inventory
Award seats released at the cheapest published price. Typically 0-4 saver seats per flight, often released 11 months out and then closed within hours.
Stopover
An overnight (or longer) layover on an award ticket, usually allowed once per direction on certain programs. Effectively two destinations on a single award.
Open Jaw
An award ticket where the outbound destination and return origin (or outbound origin and return destination) are different cities.