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Using AMEX points for MRs

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Old Aug 25, 2015 | 4:55 pm
  #16  
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Originally Posted by Rusdude
MR and UR aren't worth 2.5 cents, IMHO. 1.7-2 would be a better value. It's especially true now that we don't see too many MR transfer bonuses.

SPG points are a more valuable given a constant 25% bonus.
my bad - I'm based in Canada, I was thinking CAD, sorry. 2.5 CAD = ~1.9 cents USD. So that makes it that value, too. Canadian MR points are, ironically, worth more than US MR points because of how ...... the CAD is at the moment. We're all praying against conversion-devaluations.
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Old Aug 25, 2015 | 10:01 pm
  #17  
 
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Originally Posted by Rusdude
MR and UR aren't worth 2.5 cents, IMHO. 1.7-2 would be a better value. It's especially true now that we don't see too many MR transfer bonuses.

SPG points are a more valuable given a constant 25% bonus.
Miles are miles and hotel points are hotel points, so not too hard to assign a $ value. It's the airline ticket you would have bought if you hadn't got it as an award (with suitable adjustments for the redeemable miles and status ones you don't get) or the room you got as an award and didn't pay for. Is it ever more with AmEx or something else from credit card spends?

I assume that the highest value anyone ever manages is a premium seat on an international flight. Anyone get high value for another redemption value? If you get 2% cash back on every spend with a card like Fidelity's, is there much, if anything more with AmEx?
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Old Aug 26, 2015 | 5:28 pm
  #18  
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Originally Posted by Smiley90
my bad - I'm based in Canada, I was thinking CAD, sorry. 2.5 CAD = ~1.9 cents USD. So that makes it that value, too. Canadian MR points are, ironically, worth more than US MR points because of how ...... the CAD is at the moment. We're all praying against conversion-devaluations.
Sorry, my bad -- missed that you are in Canada! CAD dropped quite a bit this year.

Personally, I try not to redeem SPG points for hotels unless I get at least 2.5 cents (USD) value and, preferably, higher. Usually, though, SPG is more beneficial when transferring to airlines (especially since there are a lot of partners).

P.S. Sometimes there ARE some good opportunities for hotel redemption. Have a reservation for summer 2016 with an SPG hotel where I'm getting about 8 cents per point
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