Well, cincypix, a month later, several folks have posted the research they have done (don't underestimate FT'ers ability to do the math around points), and we've yet to hear back from you. I've redeemed SPG points at 4-8 cents each over the last year and also feel that buying points this way, at about 1.25 cents each, is a valuable approach.

Do you still feel THIS IS A RIPOFF? If so, please reply to the points raised.