Originally Posted by
Robl
To each his own but it is better to churn and burn than collect huge numbers of miles. They will devalue with time. Just booked 3 nights in a great Chicago hotel (The St Jane) for my son and got more than a penny a point in value. Also in 1 month you'll no longer get 10% back on redemptions.
I agree with you about using the miles, but the 10% thing is not really 10%. It's 10% with a 10k cap. If you are earning and burning a million miles a year it's really just a 1% rebate. I won't say no to an extra 10k miles per year but honestly it's just a drop in the bucket.
Personally I think that 1c is a terrible redempion unless you have more miles than you will ever be able to use (although, I suspect that many on this list are at that "more than they can use" point). If only there was a credit card that gave me more PTO...