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Thread: Is now be a good time to use United miles? Or hold for the future?
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Old Apr 25, 2020 | 3:12 pm
  #26  
ffI
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While I have miles in most programs, my going forward strategy is cash back - 2c each or 2.62 w BofA premier rewards (+ Platinum Honors)
All it takes is moving your IRA to Merrill - no additional cost - extra 1.125c on everything (2.625c instead of 1.5c)

Even if I compare getting 1.5 miles on Chase unlimited cards vs 2.625 = it still comes to buying miles ar 1.75c each in lost cash
I can always buy miles on sale at that price and keep my cash in the meantime.

Going forward I only see devaluations of awards with inflation. If you can get a 2c redemption today take it. You may likely only get 1c value in future.
Yes, go for bonuses - I am sure they will fall - and credit will be harder to get but nothing beats cash in a crisis
Charles Munger (Berkshire Hathaway) said when asked what he was going to invest in now with free cash "let me get out of this typhoon with my life and boat first, then we will pick up others)
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