Last week I promised that I would bring you the second part of my three - part series on the downsides
of flexible points currencies.
Not exact matches
Not only is it easy to earn lots
of Ultimate Reward
points with the combination
of the Chase Sapphire Preferred ®, Ink Plus, and Chase Freedom, this
flexible rewards
currency is very easy to use and can get you anywhere on your travel bucket list.
Long considered one
of the most valuable and
flexible points currencies, miles and
points enthusiasts are always happy to earn more
of these!
Ultimate Rewards
points are one
of the most
flexible and valuable rewards
currencies on the planet.
Citibank deserves kudos for working hard to improve their program, even though I wrote a takedown
of it a few months ago as part
of my series on the downsides
of flexible reward
currencies (see «Just How Terrible Are Citi ThankYou
Points?
In fact, I already covered a lot
of the negatives
of Starpoints in my series last year on the downsides
of all the
flexible loyalty
currencies (see «Wait, Maybe SPG Starpoints Are The Worst
Points Ever «-RRB- and I don't want to repeat myself here, even though that would make things super easy and I would be able get back to my primary task
of waiting impatiently for football season to start.
Like other
flexible currencies, ThankYou
points can also be redeemed directly for airfare instead
of transferring them to partners.
In the rewards card world, they are known as a «
flexible points currency» — meaning you can redeem
points for a variety
of options, including travel, merchandise, gift cards and cash back.
Chase Ultimate Rewards
points are one
of our favorite rewards program
currencies, for a combination
of reasons: Ultimate Rewards
points are far more valuable than the average rewards
point, you have many options for racking up bonus
points — including several credit cards that offer generous sign - up bonuses and a diverse array
of bonus categories — and your redemption options are extremely
flexible.
Not only is it easy to earn lots
of Ultimate Reward
points with the combination
of the Chase Sapphire Preferred ®, Ink Plus, and Chase Freedom, this
flexible rewards
currency is very easy to use and can get you anywhere on your travel bucket list.
Remember, if you're transferring from one
of your
flexible mileage
currencies, you're giving up the possibility
of using those
points on a potentially much more valuable international premium cabin redemption.
I loved this option as it meant that I could keep the
points for this booking in the form
of Ultimate Rewards
points (a very
flexible currency) until I was 100 % sure that we wouldn't be cancelling the reservation.
It also helps maximize the value
of your
points relative to a less
flexible rewards
currency.
Now the 40,000 miles are neither airlines miles or hotel
points but they are what I call «
flexible currency» or simply cash that can be redeemed for any sort
of travel expense such as hotels, airline fees, baggage charges and many more.
From the desk
of the Devil's Advocate... Today we continue our three - part series on the downsides
of the major
flexible miles
currencies — Chase Ultimate Rewards, American Express Membership... [Read more...] about Wait, Maybe SPG Starpoints Are the Worst
Points Ever
Despite a lot
of moaning and groaning (including by me) about bad award availability the opportunities are absolutely still there if you have
flexible points currencies, and persistence.
Conventional Wisdomers in the
points and miles community universally sing the praises
of the three major
flexible miles
currencies — Chase Ultimate Rewards, American Express Membership Rewards, and Starwood Preferred Guest (SPG) Starpoints.
Both
of these cards earn Ultimate Rewards
points, a valuable
points currency that is extremely
flexible when you are looking to redeem them.
Most travel hackers take advantage
of the loyalty programs
of foreign airlines through
flexible points currencies, like transfers
of Chase Ultimate Rewards
points to British Airways Executive Club Avios, American Express Membership Rewards
points to Singapore KrisFlyer, or Citi ThankYou
points to Air France KLM Flying Blue.
Citi ThankYou
points transfer over to a good number
of other loyalty programs (including Singapore Airlines) and they're a good,
flexible currency to collect.
Amex Membership Reward (MR)
points are one
of the highly valued
flexible currency in the
points and miles world.
When it comes to cards that will help you travel, 50,000
points of flexible mileage
currency can go a long way.
Since monetizing these
points will yield a maximum value
of 1 cent per
point, you'll probably be best - served earning these
flexible currencies with the intention
of redeeming them for flights through their airline transfer partners.
The Chase Freedom card has an advantage in terms
of paying out a
flexible rewards
currency (either cash back or Ultimate Rewards
points, if you also have a Sapphire Preferred or Ink Plus card).
American Express Membership Rewards
points were one
of the first
flexible rewards
currencies.