Originally Posted by
Colin
it doesn’t sting at all.
the only loss is the ability to acquire some points at $0.015 each, which frankly is about their worth.
they could devalue far more and i’d stick around because Hyatt = suites for cheap.
the rest is gravy.
My math is different.
just booked points plus cash for GH Kauai. Going rate is $559 (about 10 % less with senior discount)
i save $409 for 12,500 points after accounting for the $150 copay. . 3.27 cents per point. Without cash and points it would be
2.24 cents per mile. This is a typical redemption for me.
The purchase of points implicit in this is 12.5k points for $150, a cost of 1.2 cents per mile.
if you want, you can fine tune the math by reflecting the lost points from not paying cash, but still comes out to more than double the estimate of 1.5 cents per point.
Thats the price below which I BUY points, not the strike price for cashing points. A common mistake made by many bloggers.
This is a ton of value going away.