Fairmont Chase Signature Card
#1801
Join Date: Jun 2016
Posts: 2,257
Sorry for this nooby question, but am I right that spending on Chase Fairmont Visa CC actually does not accrue points? I dont see any points shown on my Fairmont online profile, based on my >$3,000 spend, and I read here that spending dont lead to points
https://theluxurytravelexpert.com/20...lub-explained/
In that case, why do I read posts about people redeeming GC using points? Where do these people get their Fairmont points from?
http://www.flyertalk.com/forum/fairm...ture-card.html
http://www.flyertalk.com/forum/22582491-post790.html
The above 2 links are two different posts, although they appear similar when truncated (dont know why)
https://theluxurytravelexpert.com/20...lub-explained/
In that case, why do I read posts about people redeeming GC using points? Where do these people get their Fairmont points from?
http://www.flyertalk.com/forum/fairm...ture-card.html
http://www.flyertalk.com/forum/22582491-post790.html
The above 2 links are two different posts, although they appear similar when truncated (dont know why)
#1802
FlyerTalk Evangelist
Original Poster
Join Date: May 2009
Location: FRA / YEG
Programs: AC Super Elite, Radisson Platinum, Accor Platinum
Posts: 11,874
Sorry for this nooby question, but am I right that spending on Chase Fairmont Visa CC actually does not accrue points? I dont see any points shown on my Fairmont online profile, based on my >$3,000 spend, and I read here that spending dont lead to points
https://theluxurytravelexpert.com/20...lub-explained/
In that case, why do I read posts about people redeeming GC using points? Where do these people get their Fairmont points from?
http://www.flyertalk.com/forum/fairm...ture-card.html
http://www.flyertalk.com/forum/22582491-post790.html
The above 2 links are two different posts, although they appear similar when truncated (dont know why)
https://theluxurytravelexpert.com/20...lub-explained/
In that case, why do I read posts about people redeeming GC using points? Where do these people get their Fairmont points from?
http://www.flyertalk.com/forum/fairm...ture-card.html
http://www.flyertalk.com/forum/22582491-post790.html
The above 2 links are two different posts, although they appear similar when truncated (dont know why)
#1803
Join Date: Jun 2016
Posts: 2,257
Thanks!
#1804
Join Date: Aug 2015
Posts: 324
So are most of you guys shooting for the $12k spend for this year given the uncertain future of FPC?
#1805
Join Date: Dec 2009
Location: ROC
Programs: Anything CC gives me
Posts: 1,118
AF is $95, opportunity cost on the $12k if otherwise put on 2% card is $120, plus any MS fees. Minus the $50 dining cert, my total cost would be close to $250. Certainly a good deal if used at some high end properties, but fact there is expiration date is a turn-off...
I know I'm not factoring 3rd night free and other certs...
I dunno, thoughts?
#1806
FlyerTalk Evangelist
Original Poster
Join Date: May 2009
Location: FRA / YEG
Programs: AC Super Elite, Radisson Platinum, Accor Platinum
Posts: 11,874
I'm having a hard time justifying the $12k "free" night.
AF is $95, opportunity cost on the $12k if otherwise put on 2% card is $120, plus any MS fees. Minus the $50 dining cert, my total cost would be close to $250. Certainly a good deal if used at some high end properties, but fact there is expiration date is a turn-off...
I know I'm not factoring 3rd night free and other certs...
I dunno, thoughts?
AF is $95, opportunity cost on the $12k if otherwise put on 2% card is $120, plus any MS fees. Minus the $50 dining cert, my total cost would be close to $250. Certainly a good deal if used at some high end properties, but fact there is expiration date is a turn-off...
I know I'm not factoring 3rd night free and other certs...
I dunno, thoughts?
#1807
Join Date: Dec 2009
Location: ROC
Programs: Anything CC gives me
Posts: 1,118
The certs are issued at anniversary right? Doesn't matter when the $12k is hit?
#1808
Join Date: Sep 2008
Location: Florida
Programs: Amex, AA, BA, Delta, True Blue, Hyatt, Fairmont, Marriott, HH, IHG
Posts: 136
In my case the free night was posted very shortly after the $12,000 was spent.
#1809
Join Date: Feb 2000
Location: New York, NY, USA
Programs: BAGold; AA3MMPlat; UA1MMGold; FBGold; MarriottAmb; AccorPlat; HHGold; ICPlatAmb; HyattDiscoverist
Posts: 4,378
I'm having a hard time justifying the $12k "free" night.
AF is $95, opportunity cost on the $12k if otherwise put on 2% card is $120, plus any MS fees. Minus the $50 dining cert, my total cost would be close to $250. Certainly a good deal if used at some high end properties, but fact there is expiration date is a turn-off...
I know I'm not factoring 3rd night free and other certs...
I dunno, thoughts?
AF is $95, opportunity cost on the $12k if otherwise put on 2% card is $120, plus any MS fees. Minus the $50 dining cert, my total cost would be close to $250. Certainly a good deal if used at some high end properties, but fact there is expiration date is a turn-off...
I know I'm not factoring 3rd night free and other certs...
I dunno, thoughts?
I may have misread or misunderstood your post, but I think your calculation does not take into account any value above $.01/point for the Fairmont Chase Rewards points you earn (or is the $.01 cent differential the MS cost?)--even if far from the most valuable currency around, they can still be worth something above that; I happily used my pile of them for a couple of nights at a Raffles I would probably not otherwise have stayed at--not to mention the bonuses for spend at Fairmonts, on car rentals, commuter trains, taxis, etc. (though the non-Fairmont spend bonuses are now worth far less to me with the advent of the CSR). And, since Fairmont's very small footprint doesn't coincide with most of my travel, I've found the stay credit useful for maintaining my Platinum status. I don't MS, but if you do, I don't think you should count both MS costs AND lost opportunity costs for spend on another card; I haven't really thought that through, and, in any case, YMMV.
Last edited by rfrost; May 2, 2017 at 7:48 am
#1810
Join Date: Dec 2009
Location: ROC
Programs: Anything CC gives me
Posts: 1,118
I've had the CC since it was introduced, and I think that, with the exception of one year, I have always used the free night at a very high-end property where even F&F rates (which are not always available for dates I am seeking even when those dates are not blacked out for awards) are above $300/night.
I may have misread or misunderstood your post, but I think your calculation does not take into account any value above $.01/point for the Fairmont Chase Rewards points you earn (or is the $.01 cent differential the MS cost?)--even if far from the most valuable currency around, they can still be worth something above that; I happily used my pile of them for a couple of nights at a Raffles I would probably not otherwise have stayed at--not to mention the bonuses for spend at Fairmonts, on car rentals, commuter trains, taxis, etc. (though the non-Fairmont spend bonuses are now worth far less to me with the advent of the CSR). And, since Fairmont's very small footprint doesn't coincide with most of my travel, I've found the stay credit useful for maintaining my Platinum status. I don't MS, but if you do, I don't think you should count both MS costs AND lost opportunity costs for spend on another card; I haven't really thought that through, and, in any case, YMMV.
I may have misread or misunderstood your post, but I think your calculation does not take into account any value above $.01/point for the Fairmont Chase Rewards points you earn (or is the $.01 cent differential the MS cost?)--even if far from the most valuable currency around, they can still be worth something above that; I happily used my pile of them for a couple of nights at a Raffles I would probably not otherwise have stayed at--not to mention the bonuses for spend at Fairmonts, on car rentals, commuter trains, taxis, etc. (though the non-Fairmont spend bonuses are now worth far less to me with the advent of the CSR). And, since Fairmont's very small footprint doesn't coincide with most of my travel, I've found the stay credit useful for maintaining my Platinum status. I don't MS, but if you do, I don't think you should count both MS costs AND lost opportunity costs for spend on another card; I haven't really thought that through, and, in any case, YMMV.
Right, our travel pattern has lessened quite a bit and like you said, Fairmont's small footprint doesn't help (forget about Platinum status...). It's almost like I would have to plan my travel around where are there Fairmont properties in order to use cert within the year.
I think I'm going to try it for a year, both my wife and I's card. We'll see how this next year goes. Worst case lose $95 x2, not end of the world. We have benefited from Chase much over the years.
#1811
Join Date: Nov 2013
Location: LAX, LGB, SNA
Programs: AA EXP OWE, DL DM ST+, AS MVPG, UA, BA, WN CP, Hyatt E, Ritz Plat, HH GM
Posts: 3,185
#1812
Join Date: Dec 2000
Location: Charleston, SC, USA
Programs: Avis Pref+, Hyatt Explorist, Marriott Life Gold, Honors Silver, IHG Plat via MC.
Posts: 6,786
I'm a new Fairmont Visa cardmember, so my math is different. No AF this year. I had to charge $3K anyway to earn my welcome bonus of 2 free nights so I've calculated my opp. cost on the additional 9K to earn the anniv. night: $180 on another card - $90 in gas cards on Fairmont card = $90 opp. cost. So I'm going for it mainly by using my Fairmont card where only it (Uber/taxi/ toll) or no card at all gives 2x points. Plus car rentals for the 2x plus primary LDW.
I hope I get lucky like Bigjimbo by getting my free night early!
I hope I get lucky like Bigjimbo by getting my free night early!
#1813
Join Date: Sep 2008
Location: Florida
Programs: Amex, AA, BA, Delta, True Blue, Hyatt, Fairmont, Marriott, HH, IHG
Posts: 136
#1814
A FlyerTalk Posting Legend
Join Date: Apr 2004
Location: GVA (Greater Vancouver Area)
Programs: DREAD Gold; UA 1.035MM; Bonvoy Au-197; PCC Elite+; CCC Elite+; MSC C-12; CWC Au-197; WoH Dis
Posts: 52,140
#1815
Join Date: Aug 2015
Posts: 324
Yeah, free night cert posts around the anniversary for me too.
So it seems like the expectation is that at least for this year, free night cert will be honored regardless of what happens to FPC.
So it seems like the expectation is that at least for this year, free night cert will be honored regardless of what happens to FPC.