Originally Posted by
jerry305
The offer provides 20,000 points to sign up.
It's another 20,000 points for the first $1000 in spend.
It's a further 20,000 points for the second $1000 in spend.
I value 20,000 BW points at close to $80. Certainly they're worth $60.
So for every $1,000 in spend, that's $60 in value.
That's a 6% to 8% return on your spend.
So, yes, everyone should do what's right for them, and don't spend outside your means. But I can't find a return better than 6% on any other card (unless I'm doing other churns, too
).
You need to cut your return in half since you get only 20000 points more for spending $2000 as another offer is for 40000 points by spending only a dollar. I just booked 3 nights at Ottawa at a cash value of $175 per night, so my value for that situation is much more than $60 dollars. Can I get an equivalent hotel for that low of a price? I don't know.