Originally Posted by MarkOK
I wonder about this rate too -- it has to exist. 1/2 cent per point seems a bit cheap, but I suppose it could be reasonable. And perhaps for any pt redemption including free nights? If so, that means when I stay at HR Tulsa, a cat 1, on a 5000 pts/night stay, they would only get $25 while I get free parking, free breakfast, access to a lounge, etc.
I never updated my comment -- but funnily enough on a stay in March on points at HR Tulsa, I got a bill for ~$35 on my room. I went to the front desk after breakfast asked if that isn't for some internal billing, they confirmed, apologized, and immediately removed the charges from my statement -- the card was never charged.