Originally Posted by
Matt4200
1.5 cpp is what the vast majority of people here would value them at because you can get them exceedingly easily from Chase. For example on my upcoming stay at Gild Hall it’s 17k points (Off Peak for my dates) per night or $205 cash rate. That’s definitely less than 1.5 cents per point.
Chase Freedom Unlimited - 5% on Quarterly or 3% on Fuel then transfer.
Chase Freedom Unlimited 1.5% on Misc spend then transfer.
Chase Sapphire Preferred - 2% on Travel, 3% on Dining then transfer.
Chase Sapphire Reserve - 3% on Travel, 3% on Dining then transfer.
Chase Hyatt Personal Card all earning transferred to Hyatt.
Chase Hyatt Business Card all earning transferred to Hyatt.
Then there’s the constant sign up bonuses offering tons of points. I think the CSR was 100,000 points, the Hyatt Card was 60k points the CSP was 75k points and so on.
That’s why valuation is so low because you can get them so easily.
Well if that’s the case just DM me a list of upcoming stays I’ll see if any work for us you can book a second room and apply a SUA for me I’ll buy you a cup of coffee.
Churning credit cards is not the same as buying points. Neither are bonus categories.
If there is a way that I can pay 1.5c per pt then please let me know. If it requires risking a shutdown by Chase due to MS or churning I'm not interested. There are enough "I used to MS a lot and now these lenders have all banned me, how do I get this CC that I need" posts on FT that I avoid that.
The fact that some redemptions are not good does not mean that the pts are not valuable. Just the opposite actually, it's a requirement for a non-dynamic award system. Some redemptions are at 1c, and some are at 3c. That's what you want. The point is that there are enough at 3c that I burn more than I can earn. In fact I just converted a bunch of Chase pts to Hyatt because I burned through about half a million at 2.5 to 3c within the past year or so.