It's all fine and good for now, but history has shown time and time again that all of these types of proprietary reward cards (like by Citi or Capital One) over-promise to get people to rack up the points and then devalue the points with little to no warning. And then they launch a new card to hook people with and the cycle continues.
Just beware that they can decide tomorrow or just after you racked up xxx amount of points that a $400 ticket will now cost 40,000 points and a $401 ticket will cost 60,000 points.
It's happened before and will continue to happen on these proprietary reward systems that have no competition to keep them in line like hotels and airlines do.
You mean like Delta did by making it necessary to use more miles for a free tkt as its very hard to find a Low Tkt, or UA or CO does by limiting saver Awards but allowing its top level Elites a larger access so if you arent a Top Gun you can forget about getting something decent
Or our beloved SPG where they knew very well how to raise the Cats to the Hotels when rates were going thru the roof, but when the rates started to sink like a rock in a lake they all of a sudden decdied to use a different method as the means to see if a Hotel will go up or down in Cats , = no across the board lowering in '09 or '10 even thou rates have sunk. Hilton simply rasied all their Hotels almost 1 cat across the board and even Marriott hasnt lowered that many. and added afew to their Cat8
they're all the same just some are more outward with how they go about doing it, while others try very hard to hide it and call it ENHANCEMENTS
take our beloved Ex Plaza which in a course of a yr went from a Cat1 to 2 to 3 and the next yr a Cat4 , had they stayed with *W theyd be a Cat5 today so from 19k for 1 week to 60k as a cat4 , and they werent the only 1 that took that path.
Sorry Dan I do agree with you about the Proprietary CCs but the Airlines and Hotels are just the same but do a great job hiding that they are doing it. so as alot of people are saying The time for hording Pts or Miles is over and Burn baby Burn. most carriers went with the co-pay system on Intl flights when using Miles to Upgrade,as I said they are ALL doing the exact samething just some are doing an excellent job of hiding it