I value them at under.2.
True at 0.2 the points required is less than the retail price, but there are no good properties where I want to go.

Most of the points that I have were purchased from cc at well over double that -- for a trip that got cancelled due to health reasons.

So the property that was 50000 for two nights, is now 70000 points -- in an expensive city, but way out at the airport. When i will have the ability to go, nor sure what the price will be.

This hotel chain had a worthwhile program before and gutted it completely.

To get some new business and rebuild their reputation they had a new generous program, but they are half way to stealing everything from their customers again.