I believe that the cashback /
fixed value points programs are probably the most comparable in terms of rewards between Canad and the US.The simple reason, I suspect, is that it is very easy for a bank to offer a cashback type of program to consumers.
Not exact matches
Redemptions on the
program are not
fixed, and therefore the
value you get out of your
points will vary.
Bank of America card is a
fixed -
value point program.
Ultimate Rewards (earned from the Sapphire Reserve / Preferred) can be used at a
fixed -
value when booking through UltimateRewards.com but can also be worth more when transferring to travel partners like Hyatt or United where you pay a
fixed number of
points in those
programs which are not dependent on the cash cost of that room / flight otherwise.
Redemptions on the
program are not
fixed, and therefore the
value you get out of your
points will vary.
Bank of America card is a
fixed -
value point program.
Ultimate Rewards (earned from the Sapphire Reserve / Preferred) can be used at a
fixed -
value when booking through UltimateRewards.com but can also be worth more when transferring to travel partners like Hyatt or United where you pay a
fixed number of
points in those
programs which are not dependent on the cash cost of that room / flight otherwise.
The Expedia + rewards
program is partially a
fixed -
value program where
points can have different
values based on the type of booking you make.
Fixed -
value programs allow travelers to use their loyalty
points on any flight at any time, which is why these
programs are so popular with consumers.
Programs like Southwest Airlines, which allow you to redeem
points at something close to a
fixed value, will be particularly affected by this change.
The airline has an extensive domestic route network and offers a «
fixed -
value» rewards
program, meaning
points can be used for any flight at any time and you never have to worry about availability.
You'll want to look into your home airport, and the places you fly to on your demand schedule and see if Southwest can work for you, or if you'd rather collect
Fixed Value points in another
program.
There are no cards in Canada that specifically earn
points in a car rental company frequent renter
program, so to earn rental car discounts would have to be through redeeming
fixed value rewards for those.
Although there is still variation, so it is not a true
fixed -
value points program.
Because Capital One works on a cashback or travel reimbursement - style reward system, rather than transferring
points to airline and hotel
programs, the
value you get with this card is
fixed.
I'll use these
programs to show why transferring
points is a better
value than using Chase's (or Amex's)
fixed -
value system.
Virgin America's Elevate rewards
program has a
fixed -
value currency in which
points are treated like they have cash
value: more
points for more expensive tickets.
There are four major categories of travel rewards
programs: transferable
points, airline miles, hotel
points, and
fixed value points.
Transferring
points to an airline loyalty
program offers the chance at greater
value because most
programs charge a
fixed number of miles while the cash price varies widely.
This puts a
fixed value on UR
points instead of having a flexible model like airline loyalty
programs
If all
programs did is increasingly bonus higher revenue fares (United already did this with changes to their
program for 2012) and provide the option to book any seat desired with
points at a
fixed -
value per
point based on fare (in parallel to the award chart) this would be no big deal.
If Delta adopts a revenue - based
program, will they allow their
points to be used at the same
fixed value on partners like Korean and Czech to acquire revenue tickets?
That's where Southwest Rapid Rewards can come in very handy since Southwest has a very prolific domestic route map, and any seat that's open you can book with Rapid Rewards since it's a
fixed -
value points program.
This is where American Express shines as a company — The
Fixed Points Program at Amex does exactly what it says: your points have a fixed value, pe
Fixed Points Program at Amex does exactly what it says: your points have a fixed value, p
Points Program at Amex does exactly what it says: your
points have a fixed value, p
points have a
fixed value, pe
fixed value, period.
Wyndham Rewards is a high -
value hotel rewards
program (even awarded as the best) and having more attractive upper - midscale hotels available to earn
points or book a the
fixed rate of 15,000
points per night in big cities makes the
program even more attractive!