 Hello everyone, this is Amit Dan and on this channel you can find financial travel and more videos. If you like what you see, please do the thumbs up and consider subscribing. Thank you. Hello everyone, this is Amit Dan of AmitDan.com. Today I'll have another episode of Rewards and Points video. And I'll be talking about the SIN loyalty program in Canada. SIN is a movie loyalty program which is a joint program offered by Scotiabank and Cineplex. And the program is going through a massive devaluation. And I'll talk about the devaluation and I'll tell you what to do to avoid the devaluation for those points you already have. So for the rest of the video, I'll take you to SIN devaluation chart page which is provided by SIN. And in order to see the page, you can go to SIN.ca. And then if you just keep scrolling down towards the very end of the page, then you'll see that there is a join the conversation section. And then there is the SIN is updating the points you earn and redeem at the movie. And then just click on it and that's where you see the point chart and the details. So let's start with what is now and how things are going to change. So let's start with what SIN is telling us which is on the right side of the screen. An important update to share starting April 15, you'll earn and redeem more SIN points on your movie ticket and 5 points for every $1 you spend on food and drink at Cineplex theaters. As always, you'll always continue to earn free movie for every 10 that you see. Plus there are other ways to earn more points to get the rewards you love even faster. Okay, so now you're telling making sound like it's a good thing that it's changing the rewards structure and they're not saying anywhere that this is actually a devaluation. So what it is that you're going to still earn one free movie when you watch every 10 movies that is not going to change. But if you have points right now, those points are going to be devalued after our starting April 17. And if you look at the chart, so right now you earn 100 points for regular movie and to redeem your regular movie, you'd require 10 1000 points. So that means that you know one movie for every 10 movies. But starting April 17, you're going to be earning 125 points per movie and you'll be requiring 1250 points per movie. The catch right here is that if you have lots of points right now, you're going to be needing 1000 points to watch a movie. But after April 17, you'd require 1250 points to watch a movie. So for example, if you have 5000 points, you'll be able to see 5 movies right now. But if you redeem the same 5000 points after April 17, you're going to get only 4 movies instead of 5 movies. So if you have points, you better redeem them before April 17 and to make the most out of it because this is going to be a massive devaluation for those who have lots of scene points piling up. Now the most cut I can see here that for this one right here, the enhanced movies which are Ultra AVX or IMAX or Dbox. So right now you earn 150 points per movie and you'd require 1500 points per movie. But starting April 17, you're going to be earning 200 and redeeming 2000 for each movie. So if you have points right now, you'd require only 1500 points to watch a specialized movie but you'd require 2000 points after 17 April. So in this section, your points are going to get the most hit because you're just losing 500 points per movie which is a massive devaluation. And then VIP cinemas are going to get worst hit as well. But I would recommend that you just use up your points before the cut update which is April 17. Now at Food and Drink, you're also going to get lot less points. For example, right now you'd earn 10 points per dollar when you buy snacks, food and drink but after April 17, you're going to be earning only 5 points per dollar. But if you look at the redemption rate, still you'd get only 5 dollars per 500 points and right now you're going to get 5 dollars per 500 points. So here, your points value is going down totally half in terms of the earning rate because one dollar would give you 10 points right now and which is going to give you 5 points after April 17. But your earning rates are still the same so you're going to get half the devaluation in terms of earning. Now in terms of meals and more, it looks like they haven't changed anything. The earn rate is 1 point per 3 dollars and redemption rate is 10 dollars per 1000 points. So in terms of earning for dining and meals, the rate of return is very poor because you're earning like each point is close to 1 cent. So per dollar, you're earning approximately one third of a cent which is very bad earning rate for this section and it's not going to change after April 17. So the best losers would be the regular movie in terms of redeeming them and then also the enhanced movie and the VIP movies. But most people would stick to either regular or enhanced so if you have points then I suggest you know try to finish them by April 17. So you don't get devalued as much as what you are looking right now. So this is a very bad news and the worst news is that SIN didn't give anyone enough time to use up their points. They are just like you know a game that this declaration today and you have almost one and a half month to redeem points before that deadline which is April 17. So that's all for today's video. On this channel I do non-affiliated unbiased and honest opinion reviews on credit cards, points, miles and I have lots of travel videos which are my own experiences. So I travel the world using points and miles and then I document my travel and share with you. So if you haven't subscribed already, subscribe now because there will be more videos coming up and I'll see you shortly. Thank you.