Good morning everyone. In January, my fiance was approved for the Chase World of Hyatt Credit Card (my referral link) that offered 25,000 Hyatt points after spending $3,000 in 3 months and an additional 25,000 Hyatt points after spending $6,000 total in 6 months. We are planning a wedding, so spending $6,000 in 6 months was not a problem. This credit card also offers an extra free night certificate (for category 1-4 Hyatt properties) if you spend $15,000 during the cardmember year. So the dilemma is, after spending $6,000 on this credit card and earning 50,000 Hyatt points, is it worth spending an extra $9,000 on this credit card to get an extra free night certificate? Here are my thoughts…
Updated 8pm PT on 3/15/19: Thank you to everyone who entered the giveaway. I wish I could give everyone codes, but I only have so many codes available. Here are the winners: Mike Saint, Bill Pisor, LAURAPDX, Brandon, Priscilla Ennis, Seth, Will, Stephanie Woods, iwantmoremiles, and Jim F. I will email the winners the codes. Thank you.
Good afternoon everyone. A year ago, I wrote AwardWallet Feature I Wish Existed: Keep Checking for Account Balance Changes. In that post, I wished there was a way for AwardWallet to constantly check a specific airline / hotel account to see when miles or points posted. This is super important if you transfer points from a transferable points currency (Chase Ultimate Rewards, American Express Membership Rewards, Citi Thank You Points, Capital One Points, or Marriott Bonvoy) in the hopes of booking an award flight before the award space disappears. Some transfers are instant, while others may take several hours or several days.
I am happy to report that AwardWallet took my idea and added the feature to AwardWallet. Here is a blog post describing Balance Watch and how the feature works:
“Balance Watch will monitor a loyalty account to let you know as soon as your points arrive. Once activated, AwardWallet will check your balance up to twenty-four times per day and send you a desktop, mobile, and email notification as soon as a change is detected.”
Good morning everyone. A few days ago, I got an email from Radisson Rewards about transferring Radisson Rewards Points into airline miles. I figured it would be a bad deal in terms of the value you get from Radisson Rewards Points, but thought it might be useful if you have airline frequent flyer miles expiring soon and need some activity to reset the expiration date. I went through the transfer process to convert 2,000 Radisson Rewards Points into 200 American Airlines miles. Trust me, I know this is a terrible exchange, but it is a very efficient way to keep airline miles from expiring (and I don’t put much value on 2,000 Radisson Rewards Points). I then went even further down the rabbit hole and looked at other hotel programs (Hilton, Hyatt, IHG, Marriott, and Wyndham) to see if they offered better value in terms of resetting airline mile expiration dates than Radisson Rewards. Here are my results…
To get started with the conversion of Radisson Rewards Points into airline miles, I started here. As you can see, 2,000 Radisson Rewards Points = 200 airline miles. The transfer ratio is the same regardless of how many Radisson Rewards Points you want to transfer. 10 Radisson Rewards Points = 1 airline mile. According to Frequent Miler’s Reasonable Redemption Values (RRV), 1 Radisson Reward Point is equal to 0.38 cents per point (CPP), which would make 1 airline mile worth 3.8 CPP (which is unrealistically high). But look at it a different way. 2,000 Radisson Rewards Points would be worth $7.60 (2,000 x $0.0038 = $7.60). In reality, I get 40,000 Radisson Rewards Points every year when I pay the $60 annual fee on my US Bank Radisson Rewards Business Credit Card, so that comes out to a 0.15 CPP value ($60 / 40,000 = $0.0015). The new calculation would make 2,000 Radisson Rewards Points worth only $3.00 (2,000 x $0.0015 = $3.00). So would you redeem $3.00 in Radisson Rewards Points to reset your frequent flyer miles expiration date?
Good morning everyone. I am heading to Seattle this weekend for a fun-filled FTU (Frequent Traveler University). If you are heading to the travel conference, say hi if you see me. I will be wearing my Travel with Grant shirt on Saturday and Sunday. It is always fun to meet TWG readers and catch up with old friends. If this is your first FTU, try to meet and talk to as many people as possible. Preferably, try to find people that live in the same state or region as you do, since you can swap MS stories and share local tips & tricks. Even though I am not giving any presentations, feel free to ask me any travel, bank account, or credit card related question. If I do not know the answer, I will probably know how you should ask. Here’s to good weather, great conversations, and a fun weekend talking about miles, points, and travel!
Good morning everyone, happy Friday! I’m heading to Las Vegas this weekend to do some hiking and watch the Golden Knights NHL game. I hope you have a fun filled weekend ahead too! Yesterday, I received 2 targeted spending offers from US Bank regarding my US Bank Radisson Rewards Business Credit Card and US Bank Radisson Rewards Visa Signature Credit Card. I will go through both offers and tell you what I think of each offer. If you received different targeted offers, please let me know in the comments. Without further ado, let’s go over the targeted spending offer on my US Bank Radisson Rewards Business Credit Card.
After spending $2,000 on the credit card, I will earn 3 bonus points per dollars, up to 5,000 bonus points. I would need to spend an extra $1,666.67 to max out the 5,000 bonus points. In total, I would need to spend $2,000 + $1,666.67 = $3,666.67 and earn 23,333 points ( [5 x 2,000 = 10,000] + [8 x 1,666.67 = 13,333], 10,000 + 13,333 = 23,333). If I spent $3,666.67 on my Citi Double Cash Credit Card, I would earn $73.33. So $73.33 cash back vs. 23,333 Radisson Rewards Points. According to Frequent Miler’s Reasonable Redemption Value table, Radisson Rewards Points are worth 0.38 cents per point, so 23,333 points is worth $88.67, or only $15.34 more than the cash back. I’m currently sitting on a stash of 146k Radisson Rewards Points, so I do not want/need any more points. If you value Radisson Rewards points at more than 0.38 cents per point, you might be interested in this offer.