This is the highest
value redemption method.
Not exact matches
Since the other
methods stated above also redeem rewards in the form of a statement credit, you should really try to get an Expedia for TD travel charge onto this card as that would double the
value of your rewards and you can still see that
redemption as a «cash» reward.
With the
redemption methods of Membership Rewards, any points you earn can be
valued from $ 0.005 to over $ 0.02 per point.
50,000 Ultimate Rewards points are worth $ 500 in cash or credit card statement credits (not my preferred
redemption method), $ 625 in travel through the Ultimate Rewards travel portal, or you can stretch out the
value of your points by transferring them out to one of the many Ultimate Reward travel partners.
Imputed
redemption values give you a simple
method to decide how to achieve your travel goals as effectively as possible.
My point is not to necessarily argue the
method of
valuing Points + Cash
redemptions (though I'm game for doing that another time), but simply to demonstrate that, depending on your personal situation, you might still consider the rebate valuable on mixed
redemptions.
At that point, it's all about using the cheapest
redemption methods to cover those costs and by focusing on the 1.67
redemption value, I'm able to better compare my options between award programs.
Marriott points can be redeemed in a variety of ways, and understanding these different
methods of
redemption is key to unlocking their
value.
When thinking about how much
value I get from my
redemptions I confess to using a very unscientific
method — I consider how much the flight or room I'm booking is actually worth to me and I use that to work out the
value I've received from the points / miles I've used.
Sometimes you can increase the
value of your points through this
redemption method as they often run promotions with partners where the exchange gives you more points or access to a discount.
(Similarly, the Ultimate Rewards ® points you earn with a Sapphire card can be redeemed for cash back, but this
method of
redemption is considered to give you the lowest per - point
value.)
In many cases, the
value of your points will vary based on the specific program and the
method of
redemption.
This chart from ValuePenguin shows the relative dollar - per - point
value for different
redemption methods of Chase Ultimate Rewards.