Knowing Which Rewards to Use...

Discussion in 'Newbies' started by mapenn, Feb 10, 2013.  |  Print Topic

  1. mapenn

    mapenn Silver Member

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    I guess falls under the category of learning from your mistakes.

    I had an emergency trip to St. Louis this weekend and found a Hilton Homewood Suites to stay in. Instinctively, I logged into HHonors and traded 25,000 points for a $100 room. If I am doing my math right, that made my HHonors points worth about .3 cents.

    Hindsight is always clearer, eh? After getting home, I remembered all those Chase UR points sitting around waiting to be used. Why didn't I use them instead? Had I made the booking using UR, I could have booked the same room for 8,247 UR points. That would make my UR points worth 1.2 cents.

    Wow, what a difference! I'm kicking myself. Plus, It would have been a heck of a lot easier to earn back 10,000 UR points, eh? But it was an emergency and I had to make decisions quickly, so that was a factor.

    Just wanted to throw that story out there into the newbie section. It's all a learning experience. But, in the end, this hobby allowed me to quickly travel without having to worry about the bill. So, no complaints from me!
     
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  2. Jimgotkp
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    Jimgotkp Gold Member

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    Personally, I would've used the HHonors points as I value UR points a lot more. :)
     
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  3. HaveMilesWillTravel
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    HaveMilesWillTravel Gold Member

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    Personally I would have paid cash. :)

    But ...

    ... this is what is the bottom line.
     
  4. boondr

    boondr Gold Member

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    Eh for an emergency it's not as simple as pt/cent valuation. With a Chase UR card with no category bonus $8247 gets you 8247 pts with an Amex HHonors NAF card $8247 gets you 24741 pts without a category bonus. So the earn-back rates, all things being equal are about equal. Neither redemption was exactly "high value" but it was an emergency so the value in non-monetary terms was as high as it gets.
     
  5. mapenn

    mapenn Silver Member

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    Interesting viewpoints!

    In my mind, I was comparing how much faster it would be to re-earn the UR points back -- assuming I could continue to earning both HH and UR points mostly at 5X per dollar. That I should have held the HH points for a higher value stay when the points would be worth closer to the 1 cent ballpark.

    I guess there are multiple ways to view thing, eh?
     
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  6. marcwint55

    marcwint55 Gold Member

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    I would have paid cash as the hotel points tend to be much better used for multiple nights or more expensive properties.
     
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  7. Wandering Aramean
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    Wandering Aramean Gold Member

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    Ditto. At $100/night there are very few scenarios where I'd use points instead.
     
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  8. NYCUA1K

    NYCUA1K Gold Member

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    This early during the year when I am still trying to requalify for Diamond, I would have paid with the Surpass and turned $100 into 1000 base points + 500 Diamond bonus x+ 500 double-dipping (point+point) 1200 AMEX Bonus + 1000 Diamond MyWay + 1000 Q1 Double HHonors promo = 5200 points...
     

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