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re: Credit Card Rewards and Points Discussion
Posted on 8/5/17 at 12:28 pm to txtiger79
Posted on 8/5/17 at 12:28 pm to txtiger79
I just got IHG and citi premier for the sign up bonuses.
I use Freedom unlimited every day for all my spending but was hoping to use IHG to save up more points for a spring trip. But looking at the value, it seems ridiculous. 40,000 IHG points for a $285 hotel room? At $1 spending per point that's not a good return.
I use Freedom unlimited every day for all my spending but was hoping to use IHG to save up more points for a spring trip. But looking at the value, it seems ridiculous. 40,000 IHG points for a $285 hotel room? At $1 spending per point that's not a good return.
1
Posted on 8/5/17 at 5:47 pm to cfa626
Proud of my most recent redemption (today).
Just redeemed 120K SPG points to get 7 nights at the Wailea Resort on Maui and 162K Aeroplan miles. Used Marriott nights and flights Cat 8 redemption. Aeroplan is running a 35% bonus from hotel transfers right now so my 120K miles from the package will turn into 162K.
Total price in SPG points for just the hotel was 80K (240K Marriott)
Total $$ price of just the hotel - $3,351. "Technical" CPP = 2.8 cpp. Plus whatever you value 162K Aeroplan miles at (at least 1.5cpp). Adding that in - the actual value of the whole package is $5,781. Close to 4.8 cpp.
I would have paid upto $120 per night for a hotel so assigned CPP = 0.7cpp but again, the airline miles make up for it. (2.75 cpp after adding the miles)
Not bad at all!
Just redeemed 120K SPG points to get 7 nights at the Wailea Resort on Maui and 162K Aeroplan miles. Used Marriott nights and flights Cat 8 redemption. Aeroplan is running a 35% bonus from hotel transfers right now so my 120K miles from the package will turn into 162K.
Total price in SPG points for just the hotel was 80K (240K Marriott)
Total $$ price of just the hotel - $3,351. "Technical" CPP = 2.8 cpp. Plus whatever you value 162K Aeroplan miles at (at least 1.5cpp). Adding that in - the actual value of the whole package is $5,781. Close to 4.8 cpp.
I would have paid upto $120 per night for a hotel so assigned CPP = 0.7cpp but again, the airline miles make up for it. (2.75 cpp after adding the miles)
Not bad at all!
This post was edited on 8/5/17 at 5:50 pm
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