The absolutely worst US Dividend Miles valuation ever (Points.com->PayPal)
#1
A FlyerTalk Posting Legend
Original Poster
Join Date: Apr 2001
Location: PSM
Posts: 69,232
The absolutely worst US Dividend Miles valuation ever (Points.com->PayPal)
I challenge anyone to find a worse value than the new one from Points.com and PayPal. Yes, you get cash in exchange for your points. But the ratio is simply awful.
Redeeming for a $100 PayPal credit costs more than 120,000 points. It was so bad I thought it was a typo. Seriously, what were they thinking??
Simply unconscionable:
http://boardingarea.com/blogs/thewan...ive-ever-seen/
http://blog.points.com/2011/02/09/po...se-your-miles/
https://www.thepaypalblog.com/2011/0...les-into-cash/
Redeeming for a $100 PayPal credit costs more than 120,000 points. It was so bad I thought it was a typo. Seriously, what were they thinking??
Simply unconscionable:
http://boardingarea.com/blogs/thewan...ive-ever-seen/
http://blog.points.com/2011/02/09/po...se-your-miles/
https://www.thepaypalblog.com/2011/0...les-into-cash/
#2
Join Date: Mar 2009
Location: Pennsylvania
Programs: US Silver, HHonors Silver
Posts: 187
Wow. I would have to be REALLY hard up for some cash to go for that. That is ridiculous.
#3
Join Date: Dec 2006
Location: Washington, DC
Programs: US-CP, UA, Marriott Rewards, HHonors, Avis,
Posts: 4,549
Sad part is, someone out there will go for it.
#4
Join Date: Sep 2006
Location: PHL
Programs: Former long-time US GP; now AA dirt
Posts: 4,904
Hmmm, next time I have 120,000 miles to spend, I can take a trip like the one I detailed in my signature, or I can get $100...
#6
Join Date: Mar 2010
Location: PHL
Programs: AA Executive Platinum; Hilton Diamond
Posts: 2,660
If paypal will give someone $.001 per mile, maybe they will turn around and sell them to me for $.002 per mile. Everybody wins (except for the original seller).
#7
Join Date: Jan 2008
Location: Rio de Janeiro, Miami, Nice
Programs: Marriott Titanium, AA Concierge Key, Delta, United, Emorates, and others
Posts: 4,694
PayPal once again demonstrates a keenly developed sense of how to execute a ripoff.
#8
Join Date: Nov 2009
Location: Trenton, NJ (PHL, EWR)
Programs: A3 Gold, BA Bronze
Posts: 1,633
Hey, if this gets a few miles off the books or helps subsidize sales to us at the previous promo rate, I'm all for it.
#10
Join Date: Jun 2010
Posts: 20
terrible deal!
I wish points.com would open up USair for trading. I'd love to get rid of some of the others I have.....
#11
Join Date: Feb 2005
Location: London, Ontario
Posts: 5,210
Somebody posted on the AC board yesterday a $50 credit cost just shy of 9000 miles. They indicated it was a similar rate for gift cards. I haven't looked myself though.
#15
Join Date: Jul 2002
Location: North East, MD
Programs: DL Plat, PC Spire, Amex Reserve, Hilton Gold
Posts: 182
My miles were expiring in a couple of months and I fly other airlines. It looks as though the Points.com/Paypal offer has changed. Here is what I exchanged:
60,295 US Air Miles
$250.00 Paypal
60,295 US Air Miles
$250.00 Paypal