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I am in the middle of planning a quick trip to Chicago later this week. I am looking at needing just one night at a hotel, so I was looking at different options. My first thought was to go back to the Palmer House Hilton that I stayed at last month, since it was only 29,000 Hilton points (a fairly low amount, all things considered)
But then I looked around and saw that there were many cash options that were super cheap! One that I was looking at was the Holiday Inn Express Magnificent Mile. Even though my AMAZING IHG Platinum status won’t get me breakfast at Holiday Inns, because this is a Holiday Inn Express, breakfast is included and that means cinnamon rolls!
Points rich and Cash poor
I would say that generally speaking I am “points rich” and “cash poor”. Meaning I have a lot of points but not a ton of cash. I guess a more accurate way of saying things is that I have a lot of points, so generally I would rather use them and save my cash for other things, travel or non-travel
But man I could not pull the trigger on this! Look at these redemptions
I could spend $63.92 (it actually comes out to be about $75 after taxes) or 30,000 IHG points!?!? And actually that 30,000 points is not even really the ACTUAL cost / night in points. That’s just the minimum amount required to
The Cash and Points rates are even worse!
Hmm 30,000 points + $60 or $63.52…. that’s a tough call! 😀 That’s giving a valuation of 0.012 cents per point. That is…. incredibly bad!
It’s actually too bad that this stay isn’t in early 2018, as my IHG Accelerate Q1 2018 offer is pretty good and can be completed in just one stay
I looked at using Chase Ultimate Rewards at just 1.25 cents point. Even though that’s not a “good” deal, again, like I always say, the best deal is the one that gets you where you want
Now it’s your turn – have you ever found a more worthless valuation of points? Share in the comments