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Thread: 60,000 Points with Capital One Priority Club World Mastercard [Canada]
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Old Jan 26, 2014 | 4:17 pm
  #11  
jerryhung
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Join Date: Mar 2007
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Originally Posted by stigs
A one-time offering of 60K points while charging annual fees of $120+/year is a poor value relative to our American friends.

The main point of using the card and paying $120+/year in fees is the annual free night Americans get, NOT a one-time points benefit that barely covers one night at an IC property.

At $70/10k points (IHG cash + points rate), the 60k points has a maximum value of $420. With many properties offering attractive 5,000, 10,000 and 25,000 bonus point rates, coupled with the occasional 50 - 100% bonus points on point purchases for Platinums, the value can be significantly less.

Thus after 2.5 years (or sooner), one is paying out of pocket to have the card.
All Canadian cards are poor value compared to USA versions really

$420 credit - $120 fee = $300 worth for 1 year, not too bad for those interested in IHG properties, especially using Points Break hotels
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