Not exact matches
Redemptions on the program are not fixed, and therefore the
value you
get out of your points will vary.
You also
get the same
value applied regardless of the type of merchant or transaction (with the Venture ® card, you
get 2 % cash back on travel statement credit
redemptions, but only 1 % cash back on other types of purchases).
The
value of
getting 7 free hotel nights and miles to
get you there seems like a potentially good UR
redemption.
This will cause the
value of your points to fluctuate, depending on the
redemption you're
getting — we urge readers to make sure they are not walking away with a
value of less than $ 0.02 per mile, otherwise they'll be devaluing their points significantly.
Considering this
redemption would only cost 12,500 Avios each way for economy tickets, you can
get some great
value out of your miles on this route!
I
value my life and time on earth, I would argue, even more than yourself because I know I don't
get a second chance at
redemption or to make amends late or to live on after my body dies.
At a minimum desired
redemption of $ 0.02 per reward point, you could
get $ 1,100 or more in travel
value, depending on how you redeem!
You also
get the same
value applied regardless of the type of merchant or transaction (with the Venture ® card, you
get 2 % cash back on travel statement credit
redemptions, but only 1 % cash back on other types of purchases).
Redemption Tip # 1: Your highest value redemption will almost undoubtedly be for a fare in the Wan na Get Away class
Redemption Tip # 1: Your highest
value redemption will almost undoubtedly be for a fare in the Wan na Get Away class
redemption will almost undoubtedly be for a fare in the Wan na
Get Away class of ticket.
Annual spending of $ 13,000: Charging $ 13,000 a year on my Capital One ® Venture ® Rewards Credit Card
gets me 26,000 miles, or $ 260 in travel
redemption value.
Premier holders
get a 25 percent bump on
redemptions for cash fare travel, while Prestige card holders can use their points for any airline at a 1.33 cent
value per point.
This will cause the
value of your points to fluctuate, depending on the
redemption you're
getting — we urge readers to make sure they are not walking away with a
value of less than $ 0.02 per mile, otherwise they'll be devaluing their points significantly.
Classic refers to
redemptions booked through codeshare partners, where you will
get big variations in
value, depending on what kind of itinerary you book.
Most importantly, you can transfer rewards points to participating frequent travel programs at a ratio of 1:1, and
get some good
redemptions starting at a
value of $ 0.02 per point.
The beauty of Chase Ultimate Rewards that it balances flexible
redemption options, with the opportunity for
getting more
value of your rewards.
By examining exactly how different spending patterns affect point earning rates, along with the point
value of each
redemption category we were able to
get an idea of the overall
value consumers can
get by using this card.
We can
get those same tickets for 17,500 Ultimate Reward Points, a
redemption value of $ 0.037 per point.
The key to
getting the best
value is to hit the maximum dollar amount per
redemption range for your ticket.
Always double check the
value you'll be
getting with
redemptions.
When a stock goes to zero, you lose everything, where as a bondholder will
get some face
value redemption to the notes issue price and still keep all the previous income payments.
Yet, while options are great for
getting the maximum
redemption value, it makes it much harder to put a true
value on the points as they can vary widely.
Redemptions on the program are not fixed, and therefore the
value you
get out of your points will vary.
** Since you can generally
get above a $ 0.02 rate on other
redemption options, it would be worth it if you can
get an equivalent or better
value.
As a general rule, hotel points are considerably less valuable than airline miles or transferrable points, so don't expect to
get two cents or more in
value out of every
redemption.
Hot Tip: The Chase Southwest Rapid Rewards ® Plus Credit Card can earn you additional miles in Southwest, along with
getting you closer to earning a Companion Pass to double your
redemption value!
Awards redeemed in this way can garner a $ 0.02 / point
value or more, which you will
get with business and first class
redemptions.
A
value of 1.4 cents per point or mile is a conservative estimate, based on the methodology explained below, for the
value a typical consumer can
get from airfare
redemptions.
However, if you want more
redemption options and are willing to put in some effort to make sure you are
getting a good rewards
value, then you should consider other travel cards, such as the Chase Sapphire Preferred ® Card.
At the 20,000 level, your points
get you twice as much rewards — a $ 400 statement credit, or 2 %
redemption value.
The
redemption value of using points at Hyatt is very high, but of course it's not necessary to stay at a 5 star hotel just to
get a nice
redemption value.
At
redemption time, it's key to
get good
value.
You'll
get the best
redemption value for the miles earned with your United MileagePlus Club card for award tickets on United Airlines and its airline partners.
And chances are you could
get a better
value for your
redemptions if you spent some time researching your flight options.
Not only does redeeming your Ultimate Rewards points for travel through Chase's portal gain you significant
value — up to 1.25 cents per point with the 25 % discount for travel
redemption — but you can often
get even more pow for your point by transferring them to any of Chase's 10 travel partners.
In addition to the superior
value you
get through these
redemptions, these hotels also provide Expedia users with various special amenities.
Of course, to
get the higher
values you'll have to transfer your points to one of the travel partners available in American Express, and then use those miles or points for a loyalty
redemption.
Redeeming Rewards With no transfer partners, the Visa Black doesn't give you that many
redemption options, but it does make it easy to
get double the
value of your points.
Therefore, since the user can
get two airline X miles for a single point, this
redemption results in a
value per point of 2 x $ 0.01 = $ 0.02.
Both the Sapphire Reserve and Sapphire Preferred let you transfer points into travel partners at the same rate, and if you take advantage of travel
redemptions which have a higher
value than cash back you need to spend even less to
get yourself even with the $ 55 a year.
You might
get more
value from your rewards if you choose a card that offers
redemptions other than cash back.
With a one cent per point
value when redeeming for travel and 5 percent back on those
redemptions, you can
get a lot out of this card quickly.
Finally, the Hilton Amex Aspire and Ritz cards come in tied for sixth, as it will take you quite some time to
get comparable
redemption value out of your Hilton and Ritz - Carlton points than the others.
You may not
get quite the same
value for your points, but there will be more availability and easier
redemptions.
The Discover it Miles card is more flexible, allowing you to
get cash back on your statement or into your bank account, but
redemption values are one cent per mile.
However, a
redemption rate of 1 cent per point is as high as it
gets, with many merchants offering an even lower
value.
To
get the most
value out of them, stick with travel
redemptions!
The Southwest offers a
redemption value up to 1.9 cents / point points on their Wan na
Get Away fares.
What it comes down to is not the type of rewards you earn, but how you can
get the most
value per dollar between earning and
redemption.
You may not
get quite the same
value for your points, but there will be more availability and easier
redemptions.
Redemptions such as car washes are going to
get better
value, however.