Originally Posted by
LongLiveSPG
We have not really discussed the value of points but getting >= $0.01/point requires some patience but is very doable, particularly when redeeming for 4 nights, and getting 5. I do appreciate the 3 points per dollar on dining which I value at a total of 3% value per dollar spent.
Since the change to dynamic pricing, redemptions at greater than $0.01/point have been shockingly easy; no real patience needed. Supposedly, redemption rates are tied moreso to past redemption history for the property and less so on the current property rates. My redemptions support that.
Examples:*
One night
Palm Springs Renaissance, 32K, $444.00, 1.38 cpp
Valencia, AC Colon, 18K, $495.13, 2.75 cpp
Three nights
JW Marriott Istanbul Bosphorus, 121K, $1530.00, 1.26 cpp.
Redeemed with 35K FNA($89), 40K FNA(75 night award, $0) + 40K points($320 if valued at $0.08) = $409. Savings $1,121. Of course, in the absense of the FNAs & points, I wouldn't pay $1530 for three nights at the property. If I am willing to pay $300 nightly, I am saving $900 - $409 = $491 for 40K points. Still a 1.22 cpp redemption.
The RC in Budapest permits point upgrades to Rooms with Club access. Looking at a weekend night next march, a regular redemption is 46K points offsetting a $394 rate. Not bad, not great. You can redeem 89.6K points for a room with club access offsetting $483 or 0.54 cpp. An 85K FNA can't even be used since they can only be redeemed for a base room.
I continue to be at a loss of where to use the 85K FNA.
Originally Posted by
LongLiveSPG
I imagine that you may be considering closing or downgrading your card?
I will definitely downgrade, a 35K FNA for $95 is a lot more valuable to me. I will see what they may offer for a retention bonus, if anything. I will suggest 2 35K/40K FNAs would be a turning point if there is an inclination that they desire to retain.
James