Never seen the term "cpp" before but I gather that's "cash per point"
Originally Posted by
mymousecapades
I have the option of redeeming 60,000 at Park Hyatt New York for a value of 3.4 cpp, which is a better value, strictly $peaking... but I heard Andaz 5th Ave is better.
Anyway... what's the consensus? Redeeming for less than the current valuation is or is not a poor choice?
Thanks in advance!
You seem a bit too focused on what other people think. The value is personal and I would use this lens:
(1) Do you want to stay at Park Hyatt or Andaz?
(2) Would you pay the cash rate for a room at the current rate?
(3) If not, will the points permit you to book a room?
If the answer to 1 & 3 is yes, then don't worry about the rate just pick the hotel that is most convenient or if equal, the one that requires fewer points (or perhaps C+P).
For example I stayed in the Andaz a couple of years ago on C+P. Cash rate was $550+ which was way above my pain limit. Used a DSC and ended up with an amazing room. Not once did I care how much each point saved me because I never would have paid that rate anyway.
Originally Posted by
rufflesinc
Same reason a benjamin is worth more than a $100 GC to a particular store. You don't calculate UR point value by averaging, you take the max and add a premium for transfer-ability.
You shouldn't be redeeming for Y. You get the most value when you redeem for J or F longhaul.
+1 UR points are best used to either transfer to airline top off high value J/F international award or perhaps top off high value hotel award.
It's quite silly to assign an abstract value to a point that has no bearing on your actual redemption until you know exactly where you will redeem it.
Originally Posted by
darkhound
IMHO, TPG's 2.1 valuation is garbage.
There are 3 ways to redeem points.
1. For cash at 1cpp. That ain't 2.1.
2. At the ultimate rewards portal. That's 1.5cpp. That ain't 2.1 either.
3. By transferring to one of a dozen other partners at a 1:1 ratio. But if you look at HIS OWN chart valuing points at those other partners, none approach 2.1.
http://thepointsguy.com/2016/09/sept...ly-valuations/
So by his own calculation, his 2.1 valuation is garbage, unless I'm seriously missing something.
btw, yes, I understand that in some instances ultimate reward points can be redeemed for much higher, maybe even 10cpp. But TPG is talking about averages.
+1 All of those valuations are meaningless, particularly for those of us who would never redeem for 1 and 2. Personally I don't care what TPP assigns to each program because the value to me is to use them for an expensive purchase that I would not otherwise pay cash for. So that means TATL/TPAC in C/F or to avoid peak season sky high hotel rate in Rome, London, NYC, etc.
Originally Posted by
darthbimmer
Determining what's a good redemption value is a personal thing. Taking a figure from TPG or soliciting opinions from people here can be good guidance, but ultimately you've got to make up your own mind based on personal factors. Among these are how much you can redeem points for given your travel patterns as well as what a particular redemption is worth to you irrespective of its nominal price. See, for example, you opinion that hotel A is more enjoyable than hotel B even though B represents a higher return of cents per point.
Well said. Some people are quite content to redeem for 25k economy seats. Some people like me have even used miles for domestic F for a spouse. Happy wife, happy life
Personally we save SPG and Chase UR points until we absolutely need them as they are highly valuable due to the many transfer options. But we don't hesitate to use SPG for expensive rooms at SPG properties (ditto for Marriott) which are worth more to me than airline transfers because I have boatloads of air miles. YMMV.