Since
the redemption value drops to 1 cent per point, you'd be spending an additional 10,000 points to cover that so that $ 600 ticket would cost your 35,000 points.
Not exact matches
If demand for the ETF goes down, and the price
drops below the price of its underlying securities, the AP can reduce the number of shares in the market through a process called «
redemption»: the AP buys the cheaper ETF shares, unbundles them, and sells the higher -
valued securities back into the market until the prices realign.
Unfortunately, the
redemption rate will
drop to 1.25 cents per point, no matter the airline, on July 23, 2017, which will reduce the
value of the sign - up bonus to $ 500.
The
value of these Fixed Value Closed System points can also change, as Citi recently did, dropping the value of one TYP from 1.33 cents to 1.25 for travel redemp
value of these Fixed
Value Closed System points can also change, as Citi recently did, dropping the value of one TYP from 1.33 cents to 1.25 for travel redemp
Value Closed System points can also change, as Citi recently did,
dropping the
value of one TYP from 1.33 cents to 1.25 for travel redemp
value of one TYP from 1.33 cents to 1.25 for travel
redemption.
However, this is not recommended as the
value of your points
drops significantly for these types of
redemptions.
Now the 50 % rebate will be reduced to 35 % as of June 1, 2017,
dropping the
value of the
redemptions to 1.54 cents per point.
I don't like the idea of building up an Amtrak balance, the program has too big a history of making changes with no advance notice whatsoever — whether changes to who their partners are (United
dropped out overnight), changes in their
redemption rates (making train
redemptions more expensive) or changes to their rules (restricting transfers out of the program to elites only)-- that I simply don't trust them as a store of
value.
The
value of United miles
dropped significantly when the MileagePlus program was devalued back in 2013, especially when used for first or business class
redemptions.