Author Topic: 1,000,000 SPG Points - Good Use  (Read 7929 times)

Offline Geshmak25

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Re: 1,000,000 SPG Points - Good Use
« Reply #30 on: October 08, 2014, 10:54:37 AM »
Everyone's situation is different. I don't feel the need to take a family vacation every year and don't have anywhere to dump four kids for a quiet three-four day vacation (nor would I necessarily want to).

And even if I would want to travel, it seems like the biggest benefit is on the last minute business class type of deals. I am fine flying coach and I definitely am not going to be booking last minute. If I'm going on a vacation with four kids (or leaving them with family) I am planning weeks or months in advance.
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Offline myb821

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Re: 1,000,000 SPG Points - Good Use
« Reply #31 on: October 08, 2014, 10:57:05 AM »
Everyone's situation is different. I don't feel the need to take a family vacation every year and don't have anywhere to dump four kids for a quiet three-four day vacation (nor would I necessarily want to).

And even if I would want to travel, it seems like the biggest benefit is on the last minute business class type of deals. I am fine flying coach and I definitely am not going to be booking last minute. If I'm going on a vacation with four kids (or leaving them with family) I am planning weeks or months in advance.
not even slightly true u can plan a vacation months in advance and get tremendous value.

Offline Geshmak25

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Re: 1,000,000 SPG Points - Good Use
« Reply #32 on: October 08, 2014, 11:07:29 AM »
Maybe so, but I think the deals that are highlighted on DDF are for extravagant hotels that a normal person wouldn't spend the money on.

For example, in Yehudas post he talks about staying in a hotel room that would normally cost him $1,000. I don't know what value he got and what points he was using but for arguments sake let's say the points were worth 1.4 on the open market and he got 4.0 by spending it on the hotel. So he spent 25,000 points which on the open market is worth $350. I wouldn't pay $350 for a hotel room - would rather go to a nice clean hilton for $200 and pocket the extra $150 per night.
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Offline MEIR613

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Re: 1,000,000 SPG Points - Good Use
« Reply #33 on: October 08, 2014, 11:07:45 AM »
not even slightly true u can plan a vacation months in advance and get tremendous value.
+1, just last minute flights are usually more expensive so you would be getting a better cpm.

Offline Geshmak25

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Re: 1,000,000 SPG Points - Good Use
« Reply #34 on: October 08, 2014, 11:12:53 AM »
My original (and main) point - I don't travel much and don't have the use for points to spend on hotels and flights (whether last minute or not, coach or business class).
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Offline myb821

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Re: 1,000,000 SPG Points - Good Use
« Reply #35 on: October 08, 2014, 11:13:24 AM »
Maybe so, but I think the deals that are highlighted on DDF are for extravagant hotels that a normal person wouldn't spend the money on.

For example, in Yehudas post he talks about staying in a hotel room that would normally cost him $1,000. I don't know what value he got and what points he was using but for arguments sake let's say the points were worth 1.4 on the open market and he got 4.0 by spending it on the hotel. So he spent 25,000 points which on the open market is worth $350. I wouldn't pay $350 for a hotel room - would rather go to a nice clean hilton for $200 and pocket the extra $150 per night.
thats a whole different story. But there are also many times where even for just a decent clean hotel using points can save you money. Also yes it may make more sense to sell the miles and buy a flight if you dont want to splurge on business class, and no one is saying otherwise. For some people the best way to use the points is absolutely selling them, does that mean its not lucrative? not at all. I know ppl who play this game just to earn some extra income and there is nothing wrong with that.

Offline Geshmak25

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Re: 1,000,000 SPG Points - Good Use
« Reply #36 on: October 08, 2014, 11:17:19 AM »
thats a whole different story. But there are also many times where even for just a decent clean hotel using points can save you money. Also yes it may make more sense to sell the miles and buy a flight if you dont want to splurge on business class, and no one is saying otherwise. For some people the best way to use the points is absolutely selling them, does that mean its not lucrative? not at all. I know ppl who play this game just to earn some extra income and there is nothing wrong with that.

Agree. That's what I do and I have no reason not to - If I am spending the $5K anyways why not make the $500-$1,000 by selling the rewards? It's free money.
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Offline AJK

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Re: 1,000,000 SPG Points - Good Use
« Reply #37 on: October 08, 2014, 11:17:28 AM »
For me, it comes down to a very simple realization:

In 5, 10, and certainly 20 years... what will I remember more, what will leave the most lasting impression? The extra $1500 in my pocket from selling my 100K AmEx offer, or flying Singapore Suites with my eishes chayil on a trip to New Zealand?

Res ipsa loquitur.




versus:

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Offline myb821

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Re: 1,000,000 SPG Points - Good Use
« Reply #38 on: October 08, 2014, 11:18:35 AM »
For me, it comes down to a very simple realization:

In 5, 10, and certainly 20 years... what will I remember more, what will leave the most lasting impression? The extra $1500 in my pocket from selling my 100K AmEx offer, or flying Singapore Suites with my eishes chayil on a trip to New Zealand?

Res ipsa loquitur.
i agree with u but for some ppl who maybe need the extra income to improve their standard of living the calculation is very different.

Offline EMCC

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Re: 1,000,000 SPG Points - Good Use
« Reply #39 on: October 08, 2014, 11:19:00 AM »
Agree. That's what I do and I have no reason not to - If I am spending the $5K anyways why not make the $500-$1,000 by selling the rewards? It's free money.
Because you can get a 2% cash back card without any hassle.
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Offline Geshmak25

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Re: 1,000,000 SPG Points - Good Use
« Reply #40 on: October 08, 2014, 11:19:37 AM »
Like I said originally - everyone's situation is different. I would love to go to New Zealand for a two week trip - will you babysit my four kids and drop them off at yeshivah while I'm gone? If so, please PM  :)
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Offline myb821

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Re: 1,000,000 SPG Points - Good Use
« Reply #41 on: October 08, 2014, 11:20:02 AM »
Because you can get a 2% cash back card without any hassle.
signup bonuses are more lucrative than 2%

Offline AJK

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Re: 1,000,000 SPG Points - Good Use
« Reply #42 on: October 08, 2014, 11:21:37 AM »
i agree with u but for some ppl who maybe need the extra income to improve their standard of living the calculation is very different.

Indeed.

My conclusion is only apropos to those who are financially sufficient before delving into the miles game. For those whom the miles game provides that sufficiency, the calculus is altogether different.

Like I said originally - everyone's situation is different. I would love to go to New Zealand for a two week trip - will you babysit my four kids and drop them off at yeshivah while I'm gone? If so, please PM  :)

Think it's time to a call to the ol' in-laws :)
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Offline Geshmak25

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Re: 1,000,000 SPG Points - Good Use
« Reply #43 on: October 08, 2014, 11:21:43 AM »
Because you can get a 2% cash back card without any hassle.

That's just horrible. $5K X 2% = $100

$5K X 1% + $750 = $800. And that's assuming no spend on 2-5% categories. And it's really no hassle to sell the points.
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Offline Geshmak25

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Re: 1,000,000 SPG Points - Good Use
« Reply #44 on: October 08, 2014, 11:24:03 AM »
Indeed.

My conclusion is only apropos to those who are financially sufficient before delving into the miles game. For those whom the miles game provides that sufficiency, the calculus is altogether different.

Think it's time to a call to the ol' in-laws :)

Don't think I haven't tried.
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