Originally Posted by
keitherson
Given that many credit cards now offer 1-2% cashback, if you're not getting at least 1-2cpp for your redemption compared to the actual cash equivalent, you're not redeeming for good value.
With a CSR, regular spending earns 1 point per dollar. And 1 point is worth 1.5 cent when redeeming for travel. So, the baseline is 1.5% when redeemed for travel. Which is less than 2% cashback, but still not too bad. And the 2% cashback cards that I know (Fidelity VISA, Citi doublecash) both have 3% foreign transaction fees.
Dining/travel spending with the CSR earns 3 points per dollar and can be redeemed which is 4.5% back when redeeming towards travel.
I have yet to see anything that makes sense in terms of the Chase UR points really being worth more than the base 1.5 cents. It does not appear to be the case when transferring to partners and redeeming for economy tickets. And those awards' availability tend to have limited inventory and blackout dates.