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(UPDATE 2/2 – Reposting as the last day to buy Choice points with a 30% bonus or 25% discount is tomorrow February 3rd)
Choice Hotels is out with an extended offer to buy Choice Hotel points with a 30% bonus. Let’s examine it to see if / when it might make sense. The 30% bonus offer expires February 3rd. That link takes you to a page where you can get a 25% discount, but you can also click the link to purchase with a bonus instead
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 30% bonus offer? This offer is tiered.
- 0 – 3,000 points – no bonus
- 4,000 – 7,000 points – 20% bonus
- 8,000 – 19,000 points – 25% bonus
- 20,000 points or more – 30% bonus
If you buy 50,000 points, it will cost you $515 but with the 30% bonus offer you will get a total of 65,000 points, which brings the purchase price to 0.79 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 30% bonus offer? Or will you wait for a better offer to come back?
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Points With a Crew has partnered with CardRatings for our coverage of credit card products. Points With a Crew and CardRatings may receive a commission from card issuers. Other links on this page may also pay me a commission - as always, thanks for your support if you use them