goldpoints - fly the concorde for $1111
Dec 20, 2001, 11:52 am
#76
Join Date: Sep 1999
Location: Bay Area
Programs: AA, Hilton, Hyatt
Posts: 544
Great idea, Rocky!! I am going to call my local schools around here to see if I can donate some mag their ways...
And, firefly, thanks for updating us the "latest" goldpoints situation!! Yeah, great job for getting those pts to your account so smoothly.
Merry Christmas, everyone!!
And, firefly, thanks for updating us the "latest" goldpoints situation!! Yeah, great job for getting those pts to your account so smoothly.
Merry Christmas, everyone!!
Dec 20, 2001, 11:53 am
#77
Original Member
Join Date: May 1998
Location: Miami/Ft. Lauderdale
Programs: AA 2MM Lifetime Platinum, Hyatt Globalist, Marriott Gold
Posts: 1,349
I have a question regarding the promos for the discounts. Can I use the code more than once? For example, if I place several small orders, can I use the code each time? Thanks!
Dec 20, 2001, 1:11 pm
#78
Join Date: May 2001
Location: BUR
Posts: 148
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Neal:
I have a question regarding the promos for the discounts. Can I use the code more than once? For example, if I place several small orders, can I use the code each time? Thanks!</font>
I have a question regarding the promos for the discounts. Can I use the code more than once? For example, if I place several small orders, can I use the code each time? Thanks!</font>
Dec 20, 2001, 1:34 pm
#79
Join Date: Jul 2000
Location: The Villages, Florida
Posts: 1,334
I posted over in Radisson about Hallmark.com. It is another gem of a deal that may appeal to more people that cannot justify spending so much at one time on magazines. They have Gift Certificates to over 300 stores.
Dec 20, 2001, 1:39 pm
#80
Join Date: Jun 2000
Location: SLC
Posts: 600
I just got finished reading this entire thread and it just seems amazing. How is goldpoints affording all these miles when you transfer them? The math seems strange on this one, hope it all works out. For some reason I am laughing thinking about the folks over at Valuemag. They are in for one GOOD Christmas! Fourth Quarter earnings are going to be up somewhere near 10,000%. Ha Ha. BEHOLD THE POWER OF FLYERTALK!
Dec 20, 2001, 2:39 pm
#81
Join Date: Apr 2001
Location: Austin
Programs: AA P4L, WN, BA, DL, UA, HHonors, IHG
Posts: 3,485
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by PlaneSpotter:
Well, I used the "MILESMAG" code for 15% off and completed the order, then I put something in my cart and then pressed "CheckOut", and the discount is showing up again.</font>
Well, I used the "MILESMAG" code for 15% off and completed the order, then I put something in my cart and then pressed "CheckOut", and the discount is showing up again.</font>
(Edited to add that the usual quick email confirmation has not arrived 15 minutes after placement of order.)
[This message has been edited by Middle_Seat (edited 12-20-2001).]
Dec 20, 2001, 2:39 pm
#82
Join Date: Jun 2000
Location: SLC
Posts: 600
A $10,000 purchase would net 4,500,000 GoldPoints. Let's just say that Goldpoints is getting a 99% kickback from Valuemag (even though it must beless than that, the magazines cost something). That would mean that Goldpoints would receive from valuemag $9,900 in commission.
If Goldpoints is exchanging 4.5 mil points for 1,125,000 in airline miles, can one assume that they buy the miles from the airlines for ~.01 each? If so, those would cost Goldpoints $11,250.
Summary
For every 10,000 in magazine sells, Goldpoints is losing at least $1350.
This just doesn't make sense.
Comments?
If Goldpoints is exchanging 4.5 mil points for 1,125,000 in airline miles, can one assume that they buy the miles from the airlines for ~.01 each? If so, those would cost Goldpoints $11,250.
Summary
For every 10,000 in magazine sells, Goldpoints is losing at least $1350.
This just doesn't make sense.
Comments?
Dec 20, 2001, 3:04 pm
#83
Join Date: Aug 2001
Location: A Southern locale that ain't the South.
Programs: Bah, HUMBUG!
Posts: 8,014
Just talked to a rep at goldpoints. Take it for what it's worth but according to her TODAY IS THE LAST DAY FOR THE 450 POINT/DOLLAR PROMO! Dunno about you but I'm going for a million miles. Crazy me.
Dec 20, 2001, 3:17 pm
#85
Join Date: Nov 2000
Posts: 7,700
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by pointman:
A $10,000 purchase would net 4,500,000 GoldPoints. Let's just say that Goldpoints is getting a 99% kickback from Valuemag (even though it must beless than that, the magazines cost something). That would mean that Goldpoints would receive from valuemag $9,900 in commission.
If Goldpoints is exchanging 4.5 mil points for 1,125,000 in airline miles, can one assume that they buy the miles from the airlines for ~.01 each? If so, those would cost Goldpoints $11,250.
Summary
For every 10,000 in magazine sells, Goldpoints is losing at least $1350.
This just doesn't make sense.
Comments?</font>
A $10,000 purchase would net 4,500,000 GoldPoints. Let's just say that Goldpoints is getting a 99% kickback from Valuemag (even though it must beless than that, the magazines cost something). That would mean that Goldpoints would receive from valuemag $9,900 in commission.
If Goldpoints is exchanging 4.5 mil points for 1,125,000 in airline miles, can one assume that they buy the miles from the airlines for ~.01 each? If so, those would cost Goldpoints $11,250.
Summary
For every 10,000 in magazine sells, Goldpoints is losing at least $1350.
This just doesn't make sense.
Comments?</font>
I'm getting my points out as quick as I can and redeeming my miles to boot.
Edited to add:
If for some reason you believe that Gold Points will be around for a while, there are a number of other partners who offer 150-225 points/dollar, which gives you a per airline mile range of 1.7c to 2.67c per mile. Better than a buck a mile on your cc.
[This message has been edited by Mikey likes it (edited 12-20-2001).]
Dec 20, 2001, 3:21 pm
#86
FlyerTalk Evangelist
Join Date: Sep 2000
Posts: 37,486
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by ScottC:
Now just hope that they don't go bust... I can imagine that the money for free concorde trips has to come out of someones pocket...</font>
Now just hope that they don't go bust... I can imagine that the money for free concorde trips has to come out of someones pocket...</font>
Dec 20, 2001, 3:28 pm
#87
Original Poster
Join Date: Dec 2001
Posts: 363
hey guys!
actually, the math may very well work out.
goldpoints has a deal with the airlines that is 10:1 (recall the confusion earlier in the thread)
radisson is the one that has the deals with the airlines that lets you get 4:1 exchange.
(see the radisson forum - there is extensive discussion on this point)
does the math work out on the 10:1 exchange ratio
also, i think the point is well taken regarding the fact that magazines would sell for 1cent just to count people as subscribers. magazines make their money from advertisers. the more "paid subscriptions" the higher the advertising rate. i doubt they make any money at all on subscriptions themselves.
just my two cents
actually, the math may very well work out.
goldpoints has a deal with the airlines that is 10:1 (recall the confusion earlier in the thread)
radisson is the one that has the deals with the airlines that lets you get 4:1 exchange.
(see the radisson forum - there is extensive discussion on this point)
does the math work out on the 10:1 exchange ratio
also, i think the point is well taken regarding the fact that magazines would sell for 1cent just to count people as subscribers. magazines make their money from advertisers. the more "paid subscriptions" the higher the advertising rate. i doubt they make any money at all on subscriptions themselves.
just my two cents
Dec 20, 2001, 3:34 pm
#88
Original Poster
Join Date: Dec 2001
Posts: 363
hey there!
i can confirm that a CSR at goldpoints told me that "valuemags is no longer on the site". i think they've completely withdrawn from goldpoints.
i told him that the link was still active. he said "well, i'm told it's off". so i asked him if it was safe to assume that the promo was going to end today and he said yes.
hurry up
i can confirm that a CSR at goldpoints told me that "valuemags is no longer on the site". i think they've completely withdrawn from goldpoints.
i told him that the link was still active. he said "well, i'm told it's off". so i asked him if it was safe to assume that the promo was going to end today and he said yes.
hurry up
Dec 20, 2001, 4:31 pm
#89
Join Date: Feb 1999
Location: Sacramento area, CA USA
Programs: UA Gold Million Miler, HH Gold, Marriott Gold
Posts: 2,858
I have serious concerns about the math. It would not be the first time a website got into hot water. What happens then? They have your money. You have a bankrupt company with NO assets and you also have NO points and NO magazines (hence, NO tax deduction) and NO trip on the Concorde. I would advise caution.
Signed, Wet Blanket
Signed, Wet Blanket