Editor’’ s note: This post was initially released on Sept. 9, 2019.
Here at TPG, we’re everything about optimizing your benefits, which is why we do whatever from offering month-to-month assessments for points to composing guides revealing you how to stretch your points . Frequently, we recommend utilizing transferable points to get outsized worth on your redemptions —– however often that does not make good sense.
I experienced this circumstance previously this year, when I was entrusted with scheduling my household of 4 (grownups) into an all-encompassing resort for Memorial Day weekend. I’m not extremely acquainted with reserving all-encompassing resorts with points , however I do understand that a lot of the big hotel chains run them. Puerto Vallarta, where we were heading, has lots of such resorts.
My household and me on getaway in Mexico. (Photo by Carissa Rawson/The Points Guy).
As it was 4 grownups taking a trip together, we required 2 spaces due to the fact that I’m almost 30 and I’m not oversleeping a bed with my sibling. My moms and dads were bearing the cost utilizing their benefits points stow away and it depended on me to discover the very best method to invest them. Where could we remain?
.Reserving a Hilton all-encompassing resort. The swimming pool at the Hilton Puerto Vallarta. (Photo thanks to Hilton).
As a Diamond Hilton elite member (thanks to the Hilton Honors Aspire Card from American Express ), my very first idea was to take a look at the Hilton Puerto Vallarta Resort . When I looked, this was the award rates:
A nighttime rate of 57,000 points per space in October.
Since the resort is currently extensive, being a Diamond member sadly does not imply much. Who requires lounge gain access to when poolside beverages are consisted of? Furthermore, my moms and dads didn’t have points in their Hilton account and would require to move 114,000 American Express Membership Rewards points for 2 nights in 2 spaces. Due to the fact that Membership Rewards move to Hilton at a 1:2 ratio, this is.
The money rate for the very same stay was simply $538 per space, indicating I ‘d be getting 0.47 cents per point from Hilton ($ 538/114,000 Hilton points) —– well listed below TPG’s assessment of 0.6 cents per point. And it was a specifically bad offer for Amex Membership Rewards, which are valued at 2 cents per point —– this redemption would have gotten 0.94 cents per Membership Rewards point ($ 538/57,000 Amex MR points).
.Reserving a Hyatt complete resort. The Hyatt Ziva Puerto Vallarta. (Photo thanks to Hyatt).
Another alternative was the Hyatt Ziva Puerto Vallarta . As a complete resort, the nighttime rate was 20,000 Hyatt points for 2 grownups:
No king-size bed spaces were readily available either, indicating my moms and dads would be stuck sleeping independently.
I’m a Hyatt Explorist elite ( thanks to my M life Gold status ) so we ‘d ideally be updated to the Club Tower, which provides premium spirits and other features. We would have required to transfer Chase Ultimate Rewards points to Hyatt to cover the expense of the hotel. Ultimate Rewards move to Hyatt at a 1:1 ratio, which is usually thought about respectable, however in this case we would run out pocket 80,000 Ultimate Rewards points.
The money rate for this stay was $528 per space utilizing a Hyatt member rate (non-members would be charged a huge $732 per night). The redemption worth for this proposal is a little much better than with Hilton, at 1.3 cents per point ($ 528/40,000 points), however TPG worths Chase Ultimate Rewards at 2 cents each, so we’re still failing.
.Reserving through the Chase Ultimate Rewards take a trip website.
Though it’s simple to neglect reserving hotels straight on a bank travel website, in this case, it made a lots of sense. If you’re a Chase Sapphire Reserve cardholder, your points deserve a flat 1.5 cents each when scheduling a hotel through the Chase Ultimate Rewards take a trip portal . Have a look at these rates:
These are simply a couple of examples of complete hotels offered on Chase’s website.
The Barceló Puerto Vallarta , which is among a chain of high-end hotels headquartered in Spain, quickly captured my eye. I’ve remained in among their homes formerly and had a sensational time, so I understood my household remained in for a reward.
At this rate, we would pay 38,252 Chase Ultimate Rewards points for 2 spaces for 2 nights. This is less than half the expense of the Hyatt at a similarly great (if not better) hotel.
.Scheduling through the Citi ThankYou Rewards take a trip website.
Though Citi has actually been hectic getting rid of benefits from its premium travel card, the Citi Prestige® ® Card , you can continue to redeem your points on Citi’s travel website for a flat 1 cent each. That’s not an excellent rate, the ThankYou website has one thing going for it —– you can utilize your points in combination with the Prestige’s fourth-night-free advantage to basically get a 25% discount rate on a four-night stay. Bear in mind, nevertheless, that Citi has actually just recently restricted this advantage to utilize simply two times a year, so make certain it’s worth your while.
And if you have the Citi Premier℠ ℠ Card , you can redeem your Citi ThankYou points for 1.25 cents each, even on hotels.
There are many choices on Citi’s site, however this is both the most inexpensive and most highly-rated complete I might discover:
I regrettably do not have adequate indicate reveal you what it’ll appear like when you redeem points for the above hotel, even with the 4th night complimentary. Here is what it looks like on a (much) more affordable hotel:
In the case of the Vamar Vallarta, with the 4th night complimentary, we ‘d wind up paying right around 35,000 points for each space, for an overall of 69,054 Citi ThankYou points for 2 spaces for 4 nights (if we ‘d been remaining for 4 nights). While this isn’t as remarkable a redemption as scheduling through the Chase website, it is an excellent choice if you have ThankYou indicate extra, particularly since Citi does not have any hotel transfer partners.
We invest a great deal of time speaking about transfer partners and optimizing your benefits, however often your finest choice is to keep it basic. Examine your travel websites to see if there’s something much better, specifically when it comes to store hotels where status does not matter. In our case, my household had the ability to delight in a vacation in Mexico for half the expense of other hotels, eventually indicating we had more to invest for the excellent things, like jet fishing, medspa and snowboarding days, all without breaking the (points) bank.
Featured picture by Carissa Rawson/The Points Guy
Read more about this at thepointsguy.com