- Centurion Member
- Posts: 197
- Joined: Sun Dec 12, 2010 11:26 am
- Location: Florida
Your valuation of the points earned as rewards assumes that each point is only worth $.01. I value my points much higher.
For example, American Express recently ran a promotion offering 100,000 Membership Rewards points for the Platinum card. By your one cent valuation that would be $1,000. However, through a special offer from Delta I was able to transfer those 100,000 points into Delta Skymiles and receive a 50% bonus.
With my 150,000 Skymiles (plus some I already had) I'm currently shopping for plane tickets for a vacation next year for my wife and I to Spain and Portugal. A First Class (or Business Class) award ticket can be as low as 100k Skymiles each. The same itinerary on a paid ticket would be $5,190 each! So in this example the Skymiles are worth $0.0519 each, but the Membership Rewards points I traded for the Skymiles ended up being worth almost $0.069. Nearly seven cents per point!
You said you wanted the best TRAVEL rewards, and this is where the rewards programs really shine: International travel in premium cabins. And with points travel I can afford to take trips I otherwise probably couldn't afford to take, or would be sitting in coach. Of course, you could take the penny or two in cash rewards and save yourself the trouble of chasing points and watching for the deals, but I kind of enjoy it.
And with taking points instead of cash you won't have that $1400 sitting in your pocket (or a bank account) waiting for a car repair to come along and gobble it up. It's much easier to take the trip than find a way to convert the points to cash so you can spend it.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.