Also, when Units are redeemed from debt fund, these are considered
as normal redemptions hence subject to taxes.
STP is treated as
normal redemption.
Kindly be aware of the tax implications as well, as SWPs are treated as
normal redemptions.
But kindly do note that SWITCH is also considered as
normal redemption, so watch for any Exit load / tax implications (if any)..
STPs are treated as
normal redemptions and taxes on Capital gains (if any) are applicable.
Kindly note that STPs are treated as
normal redemptions, hence the taxes (if any) can be applicable.
Tip # 4: While there are Premium Room Rewards available, they are usually much lower value than
a normal redemption.
This means that you can score roundtrip economy or business class seats for more than half - off
the normal redemption price.
Virgin Atlantic's companion ticket costs half
the normal redemption miles, plus you'll still have to pay Virgin's high fuel surcharges.
Tip # 3: If you want to book a Regency / Grand room or Suite, the point value will usually be much lower than
a normal redemption.
However, in my analysis of SPG Nights and Flights awards, I described how — if you keep the cost of the free nights the same as
a normal redemption — it is equivalent to getting a discount on the miles.
I have no idea why they want to add two more tiers to this scheme that's been working so well for them (in a sense that
normal redemptions are never available anyway, at least to places where you want to go).
Points earned can be redeemed for vouchers that may be used for either hotel bookings or hotel + flight bookings.Â
The normal redemption rate is that 3,500 points will get a $ 25 voucher.
It was at the Le Meridien in Monte Carlo, Monaco and I used just 1,500 points per night over
the normal redemption rate to get, instead of a standard room, a Junior Suite with butler service, free parking (worth over 50 Euro a day) and free buffet breakfast for two (worth over 80 Euro a day) included in the rate.