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re: Credit Card Rewards and Points Discussion
Posted on 9/21/16 at 4:03 pm to kywildcatfanone
Posted on 9/21/16 at 4:03 pm to kywildcatfanone
quote:
So, a $100 GC bought at Staples is 500 UR points. If it costs $3 to buy the card, 500 UR points used inside Chase is really 750, which equals $7.50 worth of travel? So, kind of a $4.50 gain? Am I doing this right? I'm driving, so it's kind of hard.
You have the gist of it but really it would be worth more than $7.50 when you look at award flights etc. $7.50 would be the absolute lowest you value those points at.
Posted on 9/21/16 at 4:08 pm to hiltacular
quote:
You have the gist of it but really it would be worth more than $7.50 when you look at award flights etc. $7.50 would be the absolute lowest you value those points at.
Exactly. I had to book flights for my wife and daughter to Philly and for some unknown reason a direct flight from Dulles to Philadelphia is $500 a ticket. It only cost 10000 miles on United for the flight so I transferred 20k UR points to United (which happens in real time) and got each ticket. That's a .05 redemption per point which is fantastic.
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