Image: Sofia Sforza on Unsplash
There is no shortage of rewards credit cards out there, and when more players enter the game, redemption increases opportunities as well. But as Dan Frommer points out for Eater, it’s probably the best value to redeem your points for travel amounts.
You can spend hours every day to calculate and value credit card rewards programs (and actually do many people – there is a whole online industry dedicated to it) to figure out how to get the best deal possible.
But as Frommer indicates, if you have a reward card that is not your basic refund card (basic = Capital One Savor *, for example, non-basic = Chase Travel Suite), you will most likely get the most bang for your money by paying in your points for different travel offers, such as flights or hotels.
“Specifically, it’s usually the best way to transfer your points to affiliate programs for things like award winning business cards and luxury hotels,” writes Frommer. “Where you can get a cent per point (or less!) In value making repayment credits, you can easily get twice as much value per point (or much more!) On luxury rewards.”
This is something the Poultry guy writes about often:
Too many consumers seem to take the easier way and redeem their usual points on undervalues for things like goods and even bad repayment proposals. If you do, don’t blame yourself too much. Credit cards, airlines and hotels tend to make it easy to make money from your points for low value items or redemption for one reason: it is cheaper for them.
When to change a credit card with a high fee
High fee, high quality credit card gives cardholders ample benefits, including lounge access, travel …
Read more Read