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Travel question - re: Chase points usage for best valuation
Posted on 6/11/20 at 12:59 pm
Posted on 6/11/20 at 12:59 pm
Hi folks,
I am about to need to book somewhere between 2-4 weeks at a hotel or something, as we are moving and the sale of our home will require we leave before the place we are going is ready.
I have about 500K Chase UR points, and I think this is a good place to use them for a hotel or something similar. I was looking last night and for 10 nights at one hotel booked via Chase UR points it was going to be 11K points per night, so 110K points.
Or if I went to Marriott's site and said I wanted to use points, it showed 93K, which theoretically includes 2 free nights according to their web page.
So, if this is a 1:1 situation, it seems to make sense to transfer 100K to Marriott from chase. Would you agree? Is this how to determine valuation?
The price for the room was $146/night on Chase, and $136/night on Marriott's site.
I am about to need to book somewhere between 2-4 weeks at a hotel or something, as we are moving and the sale of our home will require we leave before the place we are going is ready.
I have about 500K Chase UR points, and I think this is a good place to use them for a hotel or something similar. I was looking last night and for 10 nights at one hotel booked via Chase UR points it was going to be 11K points per night, so 110K points.
Or if I went to Marriott's site and said I wanted to use points, it showed 93K, which theoretically includes 2 free nights according to their web page.
So, if this is a 1:1 situation, it seems to make sense to transfer 100K to Marriott from chase. Would you agree? Is this how to determine valuation?
The price for the room was $146/night on Chase, and $136/night on Marriott's site.
Posted on 6/11/20 at 1:19 pm to kywildcatfanone
As a points enthusiast, I'd pay cash if nights were at $146 a night and earn more points.
I understand you may be wary of keeping points though since you can't travel.
146/11,000 gives you a 1.3 cents per point valuation. Not good at all.
The Marriott rate is actually worse.
You're paying 93k points for 8 nights and getting two nights "free."
That means you're paying 11,625 points per night. 136/11,625 = 1.16 cents per point.
I understand you may be wary of keeping points though since you can't travel.
146/11,000 gives you a 1.3 cents per point valuation. Not good at all.
The Marriott rate is actually worse.
You're paying 93k points for 8 nights and getting two nights "free."
That means you're paying 11,625 points per night. 136/11,625 = 1.16 cents per point.
This post was edited on 6/11/20 at 1:26 pm
Posted on 6/11/20 at 2:21 pm to kywildcatfanone
Hotel redemptions are generally the worst way to use points if you're looking to maximize value per point.
Good luck in the new house! Exciting times for you.
Good luck in the new house! Exciting times for you.
Posted on 6/11/20 at 2:40 pm to kywildcatfanone
Hyatt has some 5k/night rooms that you may want to look into. I can’t remember if they are a transfer partner or not.
As others suggested, I wouldn’t use points and instead open a new Hotel Card and then book all of the rooms with that card and get a huge bonus and probably even status with whatever chain you use.
Then, use your 500k points and hotel points for an amazing first class plus luxury hotel vacation to Thailand or something. Lol, just my thoughts.
As others suggested, I wouldn’t use points and instead open a new Hotel Card and then book all of the rooms with that card and get a huge bonus and probably even status with whatever chain you use.
Then, use your 500k points and hotel points for an amazing first class plus luxury hotel vacation to Thailand or something. Lol, just my thoughts.
Posted on 6/11/20 at 4:11 pm to VABuckeye
Hyatt is usually the only one worth a damn for points transfers.
I got like 4 cents per point for Hyatt Kauai.
I got like 4 cents per point for Hyatt Kauai.
This post was edited on 6/11/20 at 4:13 pm
Posted on 6/11/20 at 6:00 pm to kywildcatfanone
Frankly, I’d be looking for an extended stay or suites type place if your hotel stay could be as long as 4 weeks. You’re going to want a fridge, coffee pot, and some place with enough room so you’re not sitting at a desk, facing the wall, to eat your meals.
Posted on 6/11/20 at 6:19 pm to Teddy Ruxpin
So, the Hyatt has rooms for $127 or 5K points, so am I doing this right? $127/5000 = 2.5 cents per point?
Posted on 6/11/20 at 7:02 pm to kywildcatfanone
Do you have Sapphire preferred or reserve?
If reserve, book through chase and join the hotel program to get a future free stay.
If reserve, book through chase and join the hotel program to get a future free stay.
Posted on 6/11/20 at 7:26 pm to kywildcatfanone
quote:
So, the Hyatt has rooms for $127 or 5K points, so am I doing this right? $127/5000 = 2.5 cents per point?
Correct da mundo
Posted on 6/12/20 at 3:36 pm to Shaun176
I do have the reserve card
Posted on 6/12/20 at 4:32 pm to kywildcatfanone
quote:
do have the reserve card
Then you should include the rewards that you would earn for purchasing through the chase portal in your calculation. This is just a math problem.
You can apply your UR points toward gas and grocery purchases at 1.5 cents per point through the end of the year.
This post was edited on 6/12/20 at 4:35 pm
Posted on 6/12/20 at 4:43 pm to kywildcatfanone
To get the 5k Hyatt rooms you will have to create a World of Hyatt account account and transfer the points.
The 5K and 8K hotels are a great use of points if their locations suit your needs.
I’ve booked $300 rooms for 5K for LSU away games on several occasions.
The 5K and 8K hotels are a great use of points if their locations suit your needs.
I’ve booked $300 rooms for 5K for LSU away games on several occasions.
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