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(UPDATE 12/3: Reposting as the last day to buy Choice points with the bonus is Thursday December 5th)
Choice Hotels is out with an extended offer to buy Choice Hotel points with a 40% bonus. Lt’s examine it to see if / when it might make sense. The 40% bonus offer expires December 5th
Normally, Choice points cost $11.00 to purchase 1,000 points (tax included), for a purchase price of 1.10 cent per point. That might seem cheap, but remember, Choice points are only worth about 0.6 cents each, so at the normal rate, you’re paying a premium on the value. At the normal rate, it doesn’t make sense to buy Choice points.
What about with the 40% bonus offer? This offer is good if you buy at least 5,000 points, and they’ve also upped the limits to how many points that you can buy to 250,000 points (and then 100,000 bonus points)
If you buy the full 250,000 points, it will cost you $2475 but with the 50% bonus offer you will get 75,000 points, which brings the purchase price to 0.7333 cents per point, which is closer to the normal redemption value, but still slightly higher.
While I’m generally against buying points speculatively, if you need some points for your next redemption, it could be worth topping up your account.
(SEE ALSO: 4 best uses of Choice points)
You can find the link to this promotion here. I actually bought Choice points for the first time before my trip to Sweden a year or so ago. We were looking at staying at the Clarion Hotel Sign in Stockholm. Choice was running a 10% off promotion then, so I paid $99 for the 10,000 points.That let me book the hotel for 10,000 points / night instead of paying USD$249 / night! It’s only for situations like these when I recommend buying points.
Will you buy Choice points with a 40% bonus offer? Or will you wait for a better offer to come back?
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