TripRewards Members Now Can Exchange Points and Miles

PARSIPPANY, N.J., March 15 /PRNewswire-FirstCall/ — TripRewards members now can exchange points and miles between disparate loyalty programs, thanks to an agreement with Points.com.

Points.com offers more than 3,600 exchange opportunities and 42 redemption partners.

In the near future, TripRewards members will be able to transfer points to friends and family members, and organizations will be able to purchase TripRewards points for distribution as incentives to customers, business associates, employees and charities.

TripRewards members may enroll in a free traditional Points.com membership that offers individual transfers for $9.95. TripRewards members who sign up for PointsPlus membership, which provides unlimited transfers for an annual fee of $29.95, will receive 2,000 bonus points.

Featuring 52 points-earning options, including 6,000 hotels, TripRewards is the world’s largest loyalty program, based on the number of participating hotels.

The program’s “open earn” structure allows members faster access to point earning by staying in Cendant-franchised hotels, renting Avis(R) and Budget(R) rental cars and purchasing everyday products and services from earning partners.

Likewise, TripRewards members can redeem their points for either hotel stays — with no blackout dates — or partner rewards including airline tickets, resort vacations, electronics, home appliances, sporting goods, movie and theme park tickets and gift certificates from 46 retailers and restaurants.

TripRewards members may elect to earn TripRewards points, airline miles or rail points for their hotel stays. A hassle-free online system allows members to check points and redeem for rewards 24 hours a day.

With approximately 80,000 employees, New York City-based Cendant Corporation (NYSE:CD) is primarily a provider of travel and residential real estate services to businesses and consumers in more than 100 countries. Cendant’s Hotel Group, based in Parsippany, N.J., is the world’s largest lodging franchisor with 6,408 hotels representing 521,241 rooms on five continents under the Super 8(R), Days Inn(R), Ramada(R), Travelodge(R), Howard Johnson(R), Knights Inn(R), Wingate Inn(R) and AmeriHost Inn(R) brands. Cendant’s franchised hotels sell nearly one out of every five economy and midpriced room-nights in the United States, and Cendant franchises 10.3 percent of the entire U.S. hotel room supply, according to Smith Travel Research and Cendant financial data. All hotels are individually owned and operated under franchise agreements with Cendant subsidiaries.

Points.com (TSX: PTS; OTC: PTSEF) is the world’s leading reward program management portal. Points.com consumers can exchange points and miles between reward programs to Get More Rewards, Faster(TM). Points.com is affiliated with 40 of the world’s most important reward programs, including those of Delta Air Lines, eBay, American Airlines and Starbucks.

NOTE TO EDITORS: For more information about Cendant Corporation and
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of the company’s senior leaders, backgrounders and financial reports.

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