If you cancel a redemption, you lose the accumulated spend.
Other points to note There is a nasty expiry policy on points earned from the credit card they disappear 12 months after they are earned and cannot be exhibit extended.
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No change fees will be charged when making a change to your booking, however a fare difference may coupon apply.
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The current offer is for one free return flight on any Flybe route to / from the.
On the face of it, this compares well with the Avios scheme when looking at the spend spend required for a redemption flight.