- Centurion Member
- Posts: 3941
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
I'm not sure about getting a CSP, due to the annual fee, but I may be an MR convert (over cash). This would mean replacing (or supplementing) my BCE with a no-AF Amex ED. I'll still take my 5% cash categories where I can, so it wouldn't get a ton of swipes to qualify for the bonus.
I looked at flights going to the UK for a trip I was considering. I would be able to get about 3.3 cents of value for an MR point through Virgin. The value is much better going east over the Atlantic, when the extra fees and taxes are lower, than on the return trip. Paying cash on the way back to the US would give only about 1.3 cents of value - putting it on par with the BCE for my average spending.
I wouldn't be flying during a peak time of year like the day before Thanksgiving or late December. That seems to be the main reason I've encountered bad values before for MR and UR.
Even if I have to wait a few years to redeem MR points at a great value like that, I'd be happy to do it. Earning 230% on the value of rewards even in over years would be great! I can be patient when there are no annual fees.
I just wish Chase allowed that, too.
Edit: Then again, saving several hundred dollars on a flight would justify several years of annual fees on a CSP. So maybe it still is a great value. It's just rare for me to be an off-peak traveler.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May