Originally Posted by
redtop43
At the risk of being accused of whining - note that with regard to Chase (at least in my case) their own CSR's knowingly transferred people's points to non-spouses, and then they later came back and closed my account for T&C violations. In fact, a Chase CSR once told me (alas I do not have recorded proof of this) that it was perfectly alright to buy points from others. When they cancelled my credit card, they did let me keep the points, and I opened another account and transferred them.
Have you posted an update to your thread in the Credit Card forum? Or mia merged it to the STICKY thread?
As I mentioned to you before, Chase would let you keep the points but would not allow you to keep the card that has the ability to transfer out to airlines/hotels.
Still, do you include the 0.01 value by X K's of your UR pts into your net worth calculation?
I think Centurion sums it up in his post below:
Originally Posted by
Centurion
The thought of miles as a net worth item is silly and you need to do some deep thinking if you value them as anything more than a perk that a relative, spouse or heir may have a little fun with but to include them in new worth is just crazy in my opinion. If anything a little note left behind that says please take a crazy trip after I die using xyz and I have written my account passwords here. Or fly the crazy family in to my funeral and put them up in a fancy hotel so all my miles are burned up.
Like I always said, they are nice perks in life - add a lot of fun or save a lot of cash outlay for some family trips you have to do annually (to thousands miles away on the other side of the Oceans). But to try to calculate their "worth" on a perceived value and includes in your net worth? I think Centurion said it better than me.