Originally Posted by
bitachu
Yes the main benefit of membership rewards is the flexibility of being able to move the points to various frequent flier programs. Move the points to some airline and you should be able to get one cheap flight with the 50k
If you time it right, you can get a transfer bonus and do even better. But if not, for 50k you can often get two coach tickets (25k each) - as long as there is availability. Takes a little more planning of course.