Originally Posted by
r415
Given that you earn five times as many legacy MR points per dollar spent (ignoring credit card and elite bonuses), any conversion ratio below 5:1 is basically a slap in the face, with Marriott telling SPG customers that their dollars spend is not valued as much as a Marriott customers' dollars spend. IMHO, this is not a great way to retain your premium high-spending SPG customers.
Seems like we are having the same discussion in circles.
You cannot look only on the earn side of things, you have to consider the burn side of things - because this where the value is determined.
In my imaginary hotel chain you can earn 1000 points per dollar spent, but redemption in category 1 hotel will cost you 10 billion points. Would you still say that my hotel chain value your dollar better than SPG (or any other current chain for that matter), just because I assign a bigger numerical value per dollar for my "currency"?