Not if you get back points
You can use it to get real good discounts, e.g.
Book CPH - SFO 2014-10-13 - 2014-10-19
Cheapest Economy Ticket: 648,03€
Chash+Points: 14.100 points + 507,99€
As Gold I get 14.150 new points for the trip. So I can get rid of 14.100 expiring points and get back 14.150 new ones which also will count towards the status as well as a 150€ discount?
Even better if you look at Plus for the same dates:
Cheapest Economy Ticket: 2 170,03€
Chash+Points: 21.800 points + 746,99€
Same here, exchanging 21.800 old points with 22.000 new ones (which also counts for the status) and get a 1400€ discount?
Are they crazy? That can't be true! If it get's out in the public it is certain to be exploited and ruining the pricing structure.
//EDIT: Hmmm, now I'm unable to find the same deal again... computer glitch?
//EDIT2: No, the Plus deal doesn't work anymore but the Go Saver deal is still working. Tried several dummy bookings which all cleared all the way through. The Plus fare I got quoted was probably a glitch as I now get the same quote for the Go (not saver) class
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