Most airline loyalty programs allow you to cancel points/miles bookings until just before departure, for generally a modest fee of points, miles or cash. This ability to cancel at virtually any time for little fee makes booking award/reward seats with points and miles even more appealing and provides the flexibility needed when trying to find and book suitable award/reward seats.

This Pointr will tell you the cancellation policy for the loyalty program, important both before you book and after you book if you need to cancel.