Originally Posted by
kevinwangjk
If you have way more points than you could use in the next few years, what's the minimum cpp you'd redeem your chase points for? I'm looking to book a hotel where the cpp would only be ~1.23. In the past I've only used points when it's 1.5+, but I'm realizing that I will never use up all my points this way, so I'm leaning towards using the points now for this redemption. What do you do in similar situations?
Btw I don't use Chase points for flights very much, in general I'm not looking to book international J/F flights since availability is hard to come by and I'd much prefer travel whenever I want. I do have Amex/AA/AS miles for occasional flight redemptions.
The questions I'd ask myself are:
1) How certain am I that I won't be able to use the points? They can go pretty quickly when used at Cat 7/8.
2) How quickly/easily can I get more points if needed?
3) Am I points rich, but cash poor?
4) What's the opportunity cost vs devaluation risk?
Ultimately for me, the opportunity cost is too great to redeem at 1.23 as I readily get north of 2. I'd be willing to hold them as the downside is fairly limited with 1cpp cash out and 1.5cpp via Chase Travel (granted those could be what gets devalued).
In your shoes, I'd book the Andaz with cash, stop using whichever cards accumulate UR and start using Chase Travel at 1.5cpp for simple flights (still booking directly with airlines for complex itins).