<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by rthib:
Rememeber that when you use points for a cheap room, you not only loose the points you spend but points you could earn.
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This holds true anytime you redeem an award. I factor in the opportunity cost regardless of whether I'm looking at a Residence Inn or a 4- or 5-star hotel.