Fixed value credit card points - Revision history

Editor: /* Using transferable points to pay for cash tickets */

2021-10-01T17:46:02Z

‎Using transferable points to pay for cash tickets

Editor: /* Fixed-value-only credit card programs */

2021-07-20T18:49:07Z

‎Fixed-value-only credit card programs

Editor: /* Using transferable points to pay for cash tickets */

2021-06-26T00:16:11Z

‎Using transferable points to pay for cash tickets

Editor: /* Using transferable points to pay for cash tickets */

2021-04-20T23:55:57Z

‎Using transferable points to pay for cash tickets

Editor: Editor moved page Fixed Value Credit Card Points to Fixed value credit card points without leaving a redirect

2021-02-19T04:36:16Z

Editor moved page Fixed Value Credit Card Points to Fixed value credit card points without leaving a redirect

Editor at 19:22, 12 February 2021

2021-02-12T19:22:03Z

Editor at 17:59, 4 February 2021

2021-02-04T17:59:32Z

Editor: /* Using transferable points to pay for cash tickets */

2020-05-13T06:51:57Z

‎Using transferable points to pay for cash tickets

Editor: /* Fixed-value-only credit card programs */

2020-05-07T03:15:29Z

‎Fixed-value-only credit card programs

Editor at 21:28, 30 April 2020

2020-04-30T21:28:47Z

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 If you have the Sapphire Reserve card, all your Ultimate Rewards points can be used to purchase travel at 1.5 cents each. If you only have the Sapphire or Ink Preferred, your points can be used at 1.25 cents instead.  Without any of these cards, all your points can only be used at 1 cent each.
-But with the new "Pay Yourself Back" feature, if you don't want to save your points for Hyatt award nights and frequent flyer tickets, it probably makes more sense to redeem your points against grocery store purchases and purchase your tickets with your card.
+But with the new "Pay Yourself Back" feature, if you don't want to save your points for Hyatt award nights and frequent flyer tickets, it probably makes more sense to redeem your points against restaurant purchases and purchase your tickets with your card.
 According to this [//frequentmiler.boardingarea.com/how-to-book-the-cheapest-flights-with-chase-ultimate-rewards/ article from Frequent Miler], you can use your points to book many fares that aren't directly available on the portal by calling 866-951-6592. If the agent says they can't help, ask to be transferred to the "Help Desk".

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-'''Bank of America points are worth 1 cent each. However, many customers can earn bonus points based on the size of their relationship with BOA'''. If you have at least $100,000 in assets with Bank of America and Merrill Lynch, you get a 75% credit card reward bonus, which makes their cards the most lucrative of the fixed-value cards. Points don’t expire as long as you have a point-earning card and the standard card doesn’t have an annual fee. Minimum redemption amounts are 2,500 points. If you have the Cash Rewards card or the Premium Rewards card, you can get a statement credit without even needing to offset a travel purchase—these points redeem directly against any charges. You can even transfer points from your Travel and Cash Rewards cards to the Premium Rewards card to cash out in this way. And in 2021, you can use points from the personal version of the Travel Rewards card to offset grocery and dining purchases. [[Bank of America Credit Cards]].
+'''Bank of America points are worth 1 cent each. However, many customers can earn bonus points based on the size of their relationship with BOA'''. If you have at least $100,000 in assets with Bank of America and Merrill Lynch, you get a 75% credit card reward bonus, which makes their cards the most lucrative of the fixed-value cards. Points don’t expire as long as you have a point-earning card and the standard card doesn’t have an annual fee. Minimum redemption amounts are 2,500 points. If you have the Cash Unlimited, regular Cash, Premium Rewards Card, you can get a statement credit without even needing to offset a travel purchase—these points redeem directly against any charges. You can even transfer points from your Travel Rewards Card to the other cards to cash out in this way. And in 2021, you can use points from the personal version of the Travel Rewards card to offset grocery and dining purchases. [[Bank of America Credit Cards]].
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-Normally worth 1 cent each for airfare bought through Amex Travel. If you have the Schwab Platinum card, you can convert your points to 1.25 cents in cash and then use that to purchase airline tickets (or anything else).
+Normally worth 1 cent each for airfare bought through Amex Travel. If you have the Schwab Platinum card, you can convert your points to 1.1 cents in cash (1.25 cents until September) and then use that to purchase airline tickets (or anything else).
 If you have the Business Platinum Card, you’ll receive 35% of your points back after you make certain purchases, increasing the value to 1.54 cents each.  For example, if you want to buy a ticket that costs $400, you’ll need to use 40,000 points. But if you have the Business Platinum card, you’ll get 14,000 of those points back, lowering the number of points you spent to 26,000. The Business Gold Card has a similar rebate, but it is only 25%, which works out to 1.33 cents each.

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-Normally worth 1 cent each for buying travel through Citibank. However, if you have the no-annual-fee Rewards+ card, you'll receive a 10% rebate on all your redemptions (on the first 100,000 points per year). For example, if you wanted to pay for a $200 airline ticket, you would need to use 20,000 points, but would get 2,000 of these points back. This increases the value of your points to 1.11 cents each.
+You can use your ThankYou points at 1 cent each for buying travel, but you don't ever want to. You are better off buying travel on a better website, earning new credit card points (at bonus category rates) for your purchase, and then either saving your ThankYou points for a higher value redemption or cashing them out directly to pay your credit card bill. In other words, rather than paying 10,000 points to book a $100 hotel room on the Citi website, you can maybe pay $90 cash on some cheaper website, earn some extra ThankYou points on the purchase, and then cash out 9,000 points to get the $90 to pay your bill. In either case, if you have the no-annual-fee Rewards+ card, you'll receive a 10% rebate on all your redemptions (on the first 100,000 points per year).
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← Older revision	Revision as of 04:36, 19 February 2021
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-'''FlexPerks have a fixed redemption value of 1.5 cents per point''' and work for all airline, hotel, and car rental redemptions made through their travel portal. With the FlexPerks Travel Card, any flight booked through the travel portal also gets a $25 airline incidental credit (for use on that flight). FlexPoints expire 5 years after you earn them. {{Link|US Bank}}.
+'''FlexPerks have a fixed redemption value of 1.5 cents per point''' and work for all airline, hotel, and car rental redemptions made through their travel portal. FlexPoints expire 5 years after you earn them. {{Link|US Bank}}.
-Alternatively, if you activate the feature, you can simply use your card to make a travel purchase that is over a certain amount (depending on the category) and U.S. Bank will send you a text message. You can then respond to the message to get a bill credit for the purchase. Unfortunately, this doesn't work for the FlexPerks Amex card, where points can only be redeemed through the portal, it doesn't earn you the $25 credit you'd get with the FlexPerks Travel card, and the triggering minimums for hotel reservations ($500) is way too high.
+Alternatively, if you activate the feature, you can simply use your card to make a travel purchase that is over a certain amount (depending on the category) and U.S. Bank will send you a text message. You can then respond to the message to get a bill credit for the purchase. Unfortunately, this doesn't work for the FlexPerks Amex card, where points can only be redeemed through the portal and the triggering minimums for hotel reservations ($500) is way too high.
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-We primarily recommend earning credit card points that can be converted to frequent flyer miles or hotel points, such as Chase Ultimate Rewards points and Amex Membership Rewards points, and then using those points for frequent flyer tickets and free hotel nights. But it can also be helpful to be able to use credit card points to purchase regular airplane tickets or pay for other travel expenses.
+We primarily recommend earning credit card points that can be converted to frequent flyer miles or hotel points, such as Chase Ultimate Rewards points and Amex Membership Rewards points, and then using those points for frequent flyer tickets and free hotel nights. But it can also be helpful to be able to use credit card points to buy regular airplane tickets or pay for other travel expenses.
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 === “Fixed-value” point basics ===
-Programs that let you use your points like cash are called “Fixed Value” programs, because each point is generally worth a fixed amount of money. For example, every point you earn from the U.S. Bank Altitude Reserve card is worth 1.5 cents towards the purchase of almost any type of travel.
+Programs that let you use your points like cash are called “Fixed Value” programs, because each point is worth a fixed amount of money. For example, every point you earn from the U.S. Bank Altitude Reserve card is worth 1.5 cents towards the purchase of almost any type of travel.
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-<li>'''Each type of transferable credit card point can ALSO be used in this way'''. The points you earn from Citi’s ThankYou cards, Chase’s Ultimate Rewards cards, Amex’s Membership Rewards cards, and Capital One's Venture cards are normally used by converting them into frequent flyer miles or hotel points. But, you can also use these points (like cash) to pay for any travel purchase. For example, if you have the Chase Sapphire Card, your Ultimate Rewards points can be used, at a value of 1.5 cents each, to purchase any type of travel via the Chase website.</li>
+<li>'''Each type of transferable credit card point can ALSO be used in this way'''. The points you earn from Citi’s ThankYou cards, Chase’s Ultimate Rewards cards, Amex’s Membership Rewards cards, and Capital One's Venture cards are normally used by converting them into frequent flyer miles or hotel points. But you can also use these points (like cash) to pay for any travel purchase. For example, if you have the Chase Sapphire Card, your Ultimate Rewards points can be used, at a value of 1.5 cents each, to purchase any type of travel via the Chase website.</li>
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 <li>'''It is usually more valuable to transfer these points to a partner’s award program, than to use them like cash'''. However, if you are having trouble finding good opportunities to use your points or you want (or need) to avoid using cash for an upcoming trip, it is easy to use your transferable points like cash. </li>
-<li>'''You need to purchase your travel through the credit card company’s website'''. You CAN'T use your points to purchase travel on general-purpose travel booking sites like Hotwire.com or directly with airlines and hotels and then receive a bill credit, like you can with many types of fixed-value-only points. The exception is Venture points, which can be used to offset travel purchases made with your card.</li>
+<li>'''You need to buy your travel through the credit card company’s website'''. You CAN'T use your points to purchase travel on general-purpose travel booking sites like Hotwire.com or directly with airlines and hotels and then receive a bill credit, like you can with many types of fixed-value-only points. The exception is Venture points, which can be used to offset travel purchases made with your card.</li>
-<li>'''Buying airfare through these sites is not quite as good as buying them elsewhere'''. Prices should be the same, but cheaper "basic economy" fares are sometimes not available. Some airlines aren't supported and some flights or fares just aren't listed. And it is usually more advantageous to book directly with the airline (or to receive extra rewards or benefits by booking through other third-party sites).</li>
+<li>'''Buying airfare through these sites is not quite as good as buying them elsewhere'''. Prices should be the same, but cheaper "basic economy" fares are sometimes not available. Some airlines aren't supported, and some flights or fares just aren't listed. And it is usually more advantageous to book directly with the airline (or to receive extra rewards or benefits by booking through other third-party sites).</li>
 <li>'''Prices for hotels should match the normal “best available prices” available elsewhere, but usually won’t be as good as the lowest prices you might be able to find using our hotel booking strategies'''. In most cases, you also you won’t be able to participate with the hotel's loyalty program (if any).</li>
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-Normally worth 1 cent each for airfare bought through Amex Travel. However, if you have the Business Platinum Card you’ll receive 35% of your points back after you make certain purchases, increasing the value to 1.54 cents each.  For example, if you want to purchase a ticket that costs $400, you’ll need to use 40,000 points. But if you have the Business Platinum card, you’ll get 14,000 of those points back, lowering the number of points you spent to 26,000.
+Normally worth 1 cent each for airfare bought through Amex Travel. However, if you have the Business Platinum Card, you’ll receive 35% of your points back after you make certain purchases, increasing the value to 1.54 cents each.  For example, if you want to buy a ticket that costs $400, you’ll need to use 40,000 points. But if you have the Business Platinum card, you’ll get 14,000 of those points back, lowering the number of points you spent to 26,000.
 You only receive the rebate when purchasing tickets with your "preferred" airline (the same one you chose for the airline incidental credit) or when purchasing business or first class tickets with any airline. Points are worth less if they are used for other types of travel purchases.
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-If you have the Sapphire Reserve card, all your Ultimate Rewards points can be used to purchase travel at 1.5 cents each. If you only have the the Sapphire or Ink Preferred, your points can be used at 1.25 cents instead.  Without any of these cards, all your points can only be used at 1 cent each.
+If you have the Sapphire Reserve card, all your Ultimate Rewards points can be used to purchase travel at 1.5 cents each. If you only have the Sapphire or Ink Preferred, your points can be used at 1.25 cents instead.  Without any of these cards, all your points can only be used at 1 cent each.
 According to this [//frequentmiler.boardingarea.com/how-to-book-the-cheapest-flights-with-chase-ultimate-rewards/ article from Frequent Miler], you can use your points to book many fares that aren't directly available on the portal by calling 866-951-6592. If the agent says they can't help, ask to be transferred to the "Help Desk".
 {{LogoLabel|TY Logo}}
-Normally worth 1 cent each for purchasing travel through Citibank. However, if you have the no-annual-fee Rewards+ card, you'll receive a 10% rebate on all your redemptions (on the first 100,000 points per year). For example, if you wanted to pay for a $200 airline ticket, you would need to use 20,000 points, but you would get 2,000 of these points back. This increases the value of your points to 1.11 cents each.
+Normally worth 1 cent each for buying travel through Citibank. However, if you have the no-annual-fee Rewards+ card, you'll receive a 10% rebate on all your redemptions (on the first 100,000 points per year). For example, if you wanted to pay for a $200 airline ticket, you would need to use 20,000 points, but would get 2,000 of these points back. This increases the value of your points to 1.11 cents each.
 People who had the Citi Premier card before April of 2020 are grandfathered into a higher rate until April of 2021. Points from any linked ThankYou card can be used at a base rate of 1.25 cents per point. With the rebate from the Rewards+ card, the rate would rise to 1.39 cents per point.