Ric Garrido of the Loyalty Travel Blog has done a three part series on how he determines when to use his Hilton points and when to pay cash. Ric is a specialist in hotel redemption’s and especially in the higher end hotels, and he knows a decent value for his points.
Ric’s basic premise is: if you are receiving $7 in value for every 1,000 Hilton Honors points, you are getting an excellent value for your points. His math correlates with my feeling that Hilton Honors points are worth .7 cents each to me, as that is the rate at which I will redeem my Hilton Honors points.
And if you follow his analysis further, you will see some of the best redemption values are at the lower end of the category scale.
If there is a way you can bookmark this page or better yet, Ric’s 3 page spread, it will serve you well in the future when deciding: Do I pay Cash? or Use my Points?
Chase Sapphire Preferred® Card
- Annual Fee: $95 fee waived for the first year
- Foreign Fees: No
- Card Type: Bank
The Sapphire Preferred offers 2x points on dining and travel, and no foreign transaction fees, making this the go-to card for travelers.
This card accumulates Ultimate Rewards points, which are very valuable for transfer to United and Hyatt. Overall, this card is a great choice for maximizing earnings on dining, travel, and every day spend.
- Earn 40,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $500 in travel when you redeem through Chase Ultimate RewardsSM
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening.
- 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
- No foreign transaction fees, plus Chip and Signature enabled for international travel.
- 1:1 point transfer to leading frequent travel programs at full value — that means 1,000 Ultimate Rewards points equal 1,000 partner miles/points.
- 24/7 direct access to dedicated customer service specialists
- Introductory Annual Fee of $0 the first year, then $95