Author: mediantraveler

True Point Value: an example of misleading cents per point value

I’m not a fan of using cents per point (CPP) to measure the amount saved using points, particularly since point programs are designed to alter our purchasing and travel behavior. CPP is often misleading because

You would never have paid the sticker price for what you purchase with points. The actual value of the item to you (the amount you would have paid) is almost always less than sticker price.
CPP doesn’t consider all the ancillary bookings like positioning hotels and positioning flights necessary to take advantage of a redemption.
CPP doesn’t consider viable alternatives if you were to book with cash.
As a corollary to (3), CPP doesn’t consider the cost of flexibility. If you’re willing to make your travel plans around a unicorn business class flight, the viable alternatives should be equally as flexible.
To make points bookings, you need bank of depreciating points. Even the most ardent sticklers of the “earn and burn” strategy most likely has million+ points banked at any given time. With a 5% depreciation rate, you lose 50k points per year for every million points banked.

Park Hyatt Paris-Vendome is usually around $1497/night for a random set of nights.

There are several highly rated, 5* hotels in the area. They are about a third the price of the Park Hyatt.

An example of (3) is the Hyatt Paris Vendome. During these nights, they are 35k points per night while the sticker price was $1500/night. On paper, that’s 4.29 cents per point. Very few of us would have paid the sticker price. One of the reasons is because there are a half dozen 5-star, exceptional (9.3+/10 on Expedia) hotels within 3 blocks of this hotel and they are going for 1/3 to 1/2 the price! Even if you wanted a luxury stay in Paris, most of us wouldn’t have paid $1000/night to stay at this particular hotel.

If you’re willing to pay $700/night for a luxury hotel at the Paris City Center, the true CPP for this Hyatt booking is closer to 2 cents per point rather than 4.29.

The best way to get the actual value of the points is to look holistically at all reasonable alternatives while planning a trip. Compare your entire trip with points versus what you would have booked with cash. This includes being just as flexible with dollars as you are with points, and valuing trips by the actual cash amount you would pay for it, not some inflated sticker price.

Future New York City Trip with Points

We were planning to visit NYC for about a week sometime later in the year. This is one of the instances where points didn’t really save much money, but did elevate the trip.

We wanted to leave at night from LAX and arrive in the morning in New York on specific days, which limited our flight and hotel options.

Flight to NYC: I had 4 Move to Mint certificates from the Jetblue/Delta Status match so Jetblue was really the only choice with points. There was also a 25% off promotion, which brought the flight down to $130.

If I didn’t have points, I would have booked Jetblue Basic, which would have cost $30 less per person.

Hotel in NYC: With points, the first option was the Hyatt Regency Jersey City, at 18000 points per night. I applied a suite upgrade to the Hudson River Suite. Another option was to get a suite at Hyatt House Jersey City for $131 + 6k points per night. There was also a double point promotion at Hyatt Houses at the time. Either choice would include breakfast and would have early check-in (if available) and late-checkout. The Regency room and breakfast should be nicer, so we opted for the HR option.

Without points, we would have booked the Doubletree at Fort Lee, which was $689 through id90travel. It wouldn’t have a view of NYC, wouldn’t have breakfast, would be a less nice room, and would be less convenient to public transportation.

GoCity Explorer Pass: The explorer pass includes touristy options like the Empire State Building and Statue of Liberty. It’s available as a Hyatt Find Experience so we opted for the $150 and $300 find credit as a 50 and 70 night milestones on Hyatt. I would value them at roughly 50% of face value, so $350 find credit cost me roughly $175.

Without points, I would have purchased the passes from Groupon with a gift card and cashback portal for roughly $147 per person.

Flight from NYC: We booked a Jetblue Blue fare for $168 per person and used move to mint certificates. It was originally $204 but the price dropped.

Without points, we would have just booked the blue basic option for $153 per person.

Other expenses: We would have paid less for food since breakfast is provided at the Hyatt hotels. Other than that, the other expenses should be the same with or without points.

Totals: Our total expected cost for the trip for two people is: 90000 Hyatt Points, $1304, and 4x Move to Mint Certificates that was free from the Delta status match last year.

Without points, we would have paid about $2117. In this case, points didn’t really save us much money at all, but gave us a more luxurious experience. We would have lie-flat seats both ways and better accommodations that were closer to public transportation.

The sticker price for all the options would be some nonsensical number that has no bearing on reality since we would never pay that amount. The personal value of the trip (the amount I would have paid out of pocket) was around $2700. We would have paid $100 more for mint each way and about $300 more for the better hotel with breakfast. So we got a trip that we value at $2700 for $1304 and 90000 Hyatt Points.

Atlantic City Trip with Points

I wanted to head to Atlantic City and the surrounding areas to take advantage of a couple offers that I had available.

I had an offer for $125 freeplay and 12.5k rewards points from Caesar’s Atlantic City from the casino play that netted me Diamond Elite status.
I planned to status match to Ocean’s Prime for the free MSC cruise, and 2 nights at Resorts World with $100 dining and $100 freeplay credit
I was also looking for other offers at local casinos
I wanted to scout out the real money gambling sites that are only accessible from specific states.

The plan was to fly SNA-PHL, take a one-way rental to BWI, stay 2 nights in Maryland, and fly out of BWI.

	Price Paid	Realistic Replacement	Realistic Price
Flight: AA SNA-ACY	9k points + $5.60	AA: SNA-ACY	$188
Car Rental PHL-BWI: Hertz	~$93 after offers	Hertz	$133
Hotel: Caesar’s Palace AC	Comp + $7.5	Generic AC Hotel	$140
Car Rental BWI-BWI: Hertz	~$82 after offers	Hertz	$120
Hotel: Hyatt Place BWI	4.5k points	Generic Airport Hotel	$110
Hotel: Courtyard Marriott	35K FNA	Generic Airport Hotel	$110
Flight AA BWI-SNA	11.5k points + $5.60	Spirit BWI-SNA	$120

Flight to: I had Alaska 75k status from a status match and booked the American Airlines rewards flights with the AS number. I was able to select Main Cabin Extra at time of booking and was placed on the waitlist for business. I was the last person to be upgraded on the leg from SNA-CLT, and was upgraded at about 48 hours prior for the leg from CLT-PHL. I had actually booked a 16.5k business class saver reward for a separate itinerary months in advance but cancelled it once I saw that I was #1 on the waitlist (and also had the whole exit row to myself even if I didn’t get upgraded). Since no flights fly directly to ACY outside of Spirit, a realistic replacement for this flight would cost $188.

I was tracking the business class seats for the first leg from SNA-CLT. There were about 8 seats available until around 48 hours before the flight. At some point, all but 4 seats were assigned (presumably free upgrades). Seems like 2 more seats were taken at T-24 hours (possibly paid upgrades?). By the time the waitlist was visible (T-12 hours), only 1 slot was available.

Car Rental: I booked a 1-way rental from PHL to BWI and added Hertz Platepass for $25.99 since the tolls would be around $25 anyways. In addition, I booked with 15% back at Rakuten, had an Amex offer for $40 off $150, would get 3500 Hertz points after 3 rentals, and had Presidential Circle status from the Amex Platinum. On top of the 3500 Hertz points, I would get another 300 points after spending roughly $300, which would be enough for 4 free-ish rentals .

Hotel in Atlantic City: This was free with comps, with no resort fee from Diamond Status. An alternative hotel would be any of the nearly casino hotels for roughly $100 plus resort fees.

Car Rental BWI: I dropped off the one-way rental and picked up 2-day rental from Hertz with the same offers as above. It was $120 before offers and $82 out of pocket after offers.

Hotel #1 BWI: I used 6500 points for a peak night at Hyatt Place BWI. It’s one of the rare category 1s in North America and definitely shows it’s age. I would also receive 2000 points from Hyatt milestone rewards so the net would be 4.5k points. I checked in early at 11:30AM and checked out late at 4PM from globalist status. The cash price of this hotel (or an equivalent hotel nearby) would be roughly $110 after taxes/fees.

Hotel #2 BWI: I had an expiring Marriott 35k Free Night Award. It wasn’t a great redemption but I just wanted to burn the award. I had a 2PM check-out from Marriott Gold status from Amex Platinum.

Flight out: I originally booked a terrible itinerary but a bunch of award flights dropped in price about a week before the trip. The original options were on AA and left at 7AM or required 2 stops and an overnight at DFW or PHX. If I didn’t have points I would probably have booked a Spirit flight for around $110 and paid for an upgrade through seatbid.

Miscellaneous: I used the Centurion lounges in CTL and PHL, Minute Suites at CTL, Club Lounge in BWI, and ate a meal at Harbor Grille in BWI. The first 4 visits were courtesy of the Amex platinum while the Priority Pass restaurant visit came from the Altitude Reserve. Harbor Grille doesn’t allow take-out on Priority Pass but doesn’t charge taxes on Priority Pass so the only amount owed for me was the tip.

The total for the trip was 20.5k AA Points, 4.5k Hyatt Points, a Marriot 35k FNA, and $194 out of pocket, not including food/drinks/gas. I would also get enough points for 2 days of rentals. Without points, this trip would have cost around $921. I was also upgraded to business for 5 hours in the air, selected preferred seats for the other 5 hours, enjoyed early check-in/late checkout at the hotels, and was able to use some sort of lounge benefit 5 times. Everything was also completely refundable since they were booked with points. Even though the sticker price for these ancillary benefits may be high, I would personally only value them at ~$200, putting the total value of the trip at ~$1100.

On paper, many of these redemptions aren’t really spectacular. I would estimate the market value for the Hyatt and AA points to be around 1.6 cents per point, and the Marriot 35k FNA to be worth about $150. By that calculation, I spent about $744 worth of points instead of paying $1100 in cash. However, I can obtain these points at way less than market value and have plenty of points to burn.

Stacking Hertz Offers for Discount Car Rentals

Usually, car rentals are the hardest part of a trip to get outsized value with points. Right now, until June 30th 2024, there’s some interesting offers for Hertz rentals that can be stacked.

1) Sign up for Hertz Gold Rewards (free) and you get 3500 points after 3 rentals. A free rental day on a non-blackout date is 950 points, so this is worth 3 rental days. If you spend $300 you will get a 4th rental day. The free points expire at the end of 2024.

2) Amex Offers has $40 back after $150 for Amex Platinum members as part of their 40 year anniversary promotion.

3) Rakuten currently has 15% cashback for Hertz Rentals.

I do a lot of 1 day rentals, and each rental day costs $55. So, after 3 rentals for $125 out of pocket, I should get 3 free rental days and 2500 Amex Rewards Points through Rakuten. That’s about $100 for 6 Rental days, which is as good as it gets for rental car deals.

Trip Report: Planning a 3 day Portland and Amtrak Coastal Starlight trip

The plan was to book a flight to Portland and take the Coastal Starlight Amtrak train down to Burbank.

Flight: Alaska airlines SNA-PDX. Was 7.5k points per person but google flights show it was $134 per person for the saver fare. The points booking is considered a main cabin fare (vs saver) so it is eligible for upgrades. We had to leave late at night so this was one of the only options. We also had a backup flight from Burbank airport early the next morning but that would require an hour long drive at 5AM.

Car Rental in Portland: Since we would arrive at around midnight, it made more sense just to take an uber to the hotel and then rent a car near the amtrak station the following morning. The uber should be around $30 and the car rental for a day only $28 with the Amex Platinum rate with 4 hour grace period. The other option was to do a one-way car rental from PDX and drop it off at the Hertz near the Amtrak station.

Hotel: The cash rates for hotels in the area were cheap ($100-150/night) but we opted for points because of free parking. The price for the Hyatt Centric was 8000 points/night versus a $150/night cash price. I would estimate any alternative within walking distance of the Amtrak Station, with parking, would be roughly $150/night, not including the globalist breakfast. For example, the Courtyard by Marriott was $254 total including taxes but did not include parking or breakfast.

Train: Paid 28536 points for a roomette on the Coastal Starlight from Portland Station to Burbank. The cash price would have been $570 with the companion certificate that comes with the Amtrak Credit card, or $790 for without the companion certificate. I earned the Amtrak points through the credit card sign up bonus. If I didn’t have the points, one option would be to reserve the Coach fare at $110 with companion certificate, then bid for an upgrade.

Burbank to home: Will either get a lyft ($100) or take a one-way car rental as backup ($71)

	Price Paid	Realistic Replacement	Realistic Price
Flight: Alaska SNA-PDX	15k points + taxes	Alaska: SNA-PDX	$300
Car Rental: Hertz via Amex Plat	$28	Hertz	$45
Hotel: Hyatt Centric	12k points	Courtyard by Marriott	$300
Train: Coastal Starlight	28.5k Amtrak Points	Coastal Starlight	$790
Lyft: BUR to SNA	$100	Lyft: BUR-SNA	$100

Realistically, I estimate points and travel hacking reduced the cost of the trip by about $700.

Total cost: $139, 15k AS points, 12k Hyatt points, 28.5k Amtrak points. I would value AS points at 0.75 cent and Hyatt/Amtrak points at 1.25 cents per point. These aren’t the realistic redemption values but the price I would pay for each point if I didn’t have a specific redemption in mind. This would put the price of the trip at roughly $760 for two people.

Realistic Cost of Replacements: $1535 assuming I pay cash for everything.

Day trip to see the 2024 total eclipse

I had a couple different itineraries available to see the 2024 eclipse on 4/8/2024. I planned to fly into DFW either the day of or day before, and leave the same day. Right before, I have a trip to Las Vegas, so I have the option to depart from either LAS or SNA.

The idea was to be in Dallas during the maximum of the eclipse and be in the air during at least some of the partial eclipse.

Outbound:

Option 1: LAS – DFW 1AM-5:39AM on Frontier for 20k points, the cash price was as low as $130. I would have an AA backup flight that arrives at 11:45AM for 17.5k points.

Option 2: SNA-DFW 4:27-9:22PM, $112 on Frontier. According to google flights price history, any other comparable flight was at least $190.

For option 1, I would probably just try and sleep at the minute suites at DFW. They usually allow back to back 1 hour bookings if you have multiple priority pass accounts.

For option 2, I would stay at the Hyatt Place Dallas/Las Colinas for 5000 points, which is a steal considering any other comparable hotel (of any brand) with airport shuttle would be at least $200/night. I could quote the cash price of this hotel ($890/night!), which would be a 17.8 cent per point, but that’s complete nonsense. As of today, none of the Hyatt hotels near DFW are taking points reservations and rates are at least $300/night.

Inbound:

I wanted to be in the air during the eclipse, so the flight needed to depart at 2-3PM from DFW. There were only a couple flights that fit this criteria.

Option 1: DFW-SNA on AA from 2:25PM-3:47PM for 18.5k points. Cash price was as low as $203. There was also a non-direct option with Spirit that was roughly $120 at one point.

Option 2: DFW-TUC-SNA on Alaska from 2:34PM-7:19PM for 12.5k points. The first leg is on AA and the second on Alaska. This route seemed to go in an out of availability and it no longer shows up on any search engine.

I’ll likely choose the 2nd option because it’s cheaper, leaves a bit later, and I would be able to use my Alaska 75k status.

The primary benefit of points/status for this trip is flexibility and free seat selection. I have status with American, Alaska, and Frontier, which allows me to select the window seat on all of the flights. It also allows me to cancel any of the trips without penalty if my plans change. If I opt for the hotel, Hyatt points would have saved me $200.

Having points didn’t really save me that much on flights. If I go with points flights for both directions, it would cost 20k Frontier points and 12.5k Alaska miles. The outbound flight was as low as $130, or 0.63 cpp. A comparable inbound flight would be roughly $120 on Spirit with seat selection (1 cpp), or $200 on AA (1.6 cpp).

	Price	“Retail Value”	Comparable Value
Option 1: F9 LAS-DFW	20k Frontier points	$130 (0.6 cpp)	$130 (0.6 cpp)
Option 2: F9 SNA-DFW	$112	$112	$112
Option 1: AA DFW-SNA		$203 (1 cpp)	$203 (1 cpp)
Option 2: AS DFW-TUC-SNA	12.5k Alaska points	N/A	$203 (1.6 cpp)
Hyatt Place Dallas/Colinas	5000 Hyatt Points	$887 (17.8 cpp)	$200 (4 cpp)

In domestic economy, which a vast majority of people fly on, points may not provide as much value as one might expect. It’s easy to get 5-10cpp when you’re booking international business with inflated prices. Realistic redemption values are much lower if you’re flying domestic economy. It’s even lower if you consider other comparable alternatives, and not just the retail price of that specific flight.

Easirent Rental Car Experience at LAS, part 2

My flight arrived at 4:43PM, scheduled for 4:40PM. They had people with connections to Boise and Indiana, which seemed to be half the plane, deplane first so it took longer than usual. I understand this if the flight was late, but the flight arrive on time, and the connecting flights were leaving in 50 minutes from the same terminal. The gates were literally 100 feet apart.

After I deplaned, I walked to the rental car area and both shuttles were essentially waiting there so I arrived at the desk at 5:30PM. I was 4th in line and it took 45 minutes since there was only 1 person at the counter. Each person took a little over 10 minutes, partially because of all the excess documentation required.

What was incredibly frustrating (and possibly illegal) was that they only took two cards for car rental CDW: the Amex Platinum and Chase Sapphire Reserve. The Platinum card doesn’t even have primary CDW. I had booked the rental on Hopper an charged my Venture X Card, which has primary CDW.

They also seemed to have no idea how CDW works with credit cards. I presented the Platinum card as proof of insurance, but they would have allowed me to pay with my Venture X. The Platinum card requires the entire purchase to be made with the card to get CDW, so CDW would not have applied.

I have a feeling that this is a lawsuit waiting to happen. I had valid insurance through my credit card, but it was voided because some manager decided to only take 2 credit cards for CDW.

I called the customer service line to clarify and the agent, who seemed over it, very plainly said it was a money grab to get more people to purchase the insurance.

Free Spirit Travel More Mastercard

A week ago, I applied and was approved for the Spirit Airlines Mastercard. I was assigned seat 30B on a flight (literally the worst possible seat) and thought that maybe it could be worth it to get Spirit status since I fly short Spirit flights regularly. Unfortunately, the status match isn’t open right now, and I wasn’t able to status match last year because I had status matched previously.

The credit card actually offers decent bonuses for first year. The first year annual fee is waived, but you get:

45k points, worth roughly $400
$100 companion voucher, worth roughly $80
$100 statement credit, worth $100
Transferred the credit limit to another card with a 0% APR until June 2025. With a 10k limit, this is worth about $500
$100 companion voucher after spending $5000, worth roughly $80

So with zero first year annual fees ($79 after), you get roughly $1160 in value.

Since it is a Bank of America credit card, it should be possible to pay the balance of this card using a debit card over the phone. This should help liquidate excess gift cards and is part of my overall points strategy.

It would take $1000 spend to get the sign up bonus, at $5000 spend I get a companion voucher, and at $20k spend I get silver status. The major (only) benefit of silver seat assignments, including exit-rows close to check-in. I usually fly <2 hour flights, so the value of the exit-row is, according to seatbid, about $5 per flight. The cost of spending $20k on the card, versus a higher earning card, is about $400, so it’s debatable whether it’s worth it and will likely depend how many qualifying points I earn organically. In addition, there have historically been plenty of status match and fast track opportunities so I’m debating whether or not it’s worth it.

Easirent Rental Car experience at LAS

I rented a car from Easirent for $27 per day, which was reduced to $2 after using credits, through the Hopper app. The next lowest price was three times higher, so I figured why not.

It was early in the morning and I was first in line. It took about 10 minutes to pick up my car because they required an unusual amount of documentation. They required:

ID and credit card
Proof of insurance with declaration page
If you don’t have comprehensive insurance, you need to buy their insurance or
Show that you have primary Collision Damage Waiver (CDW) through your credit card, which requires showing that the credit card was used for the rental car purchase, and the benefits guide for the credit card
A confirmation of an outbound flight – if you don’t have one then you will considered a local rental

For some reason the CS person insisted that it must be primary CDW, even though secondary should work just as well. The local rental restrictions are severe: a cap of 150 miles/day, and you have to show documentation matching the driver license address. Of course, you can bypass this if you buy a refundable outbound ticket.

They gave me a relatively new Nissan sedan with 9000 miles, but with only 25% left in the tank (55 miles). It needed an oil change and wiper fluid replacement but otherwise ran fine. I would strongly recommend recording the car before and after pickup in case you’re charged for any damage.

The return was pretty smooth but there was an additional 15 minute wait for the shuttle. There was also a long line for pickups at 1PM (roughly 10 people), and 3 people working the counter, or roughly a 40 minute wait.

Trip Report: Rio Las Vegas as Hyatt Globalist

Beginning March 1st 2024, the Rio in Las Vegas was bookable through Hyatt. For globalists, you get:

Waived Resort fees (saves $45+/night)
Free breakfast at Hash House A Go Go, for 2 adults and 2 children
Elite Qualifying Nights
Upgrade to a renovated room in the Ipanema Tower

I arrived on 3/4 and tried to do mobile check-in (both on phone and at the kiosk) but they both failed. I manually checked into my room after waiting about 5 minutes in line. I was told that globalists could do elite/VIP checkin but there wasn’t a dedicated line for it. They provided 2 waters at check-in. The resort fees seem to be manually removed at check-in so it seems like ghost stays aren’t an option. I also asked about upgrades but I believe they consider the renovated room as an upgrade and didn’t want to push it.

The room itself was surprisingly nice given the price point. The renovated rooms are about the same level as NYNY or Park MGM, but much larger. They have an empty refrigerator, which is a nice change compared to strip hotels. Even though the hotel is huge, everything seemed centrally located in relation to the Ipanema tower. The front desk, gym, and restaurants were all within 5 minutes walk from my hotel room door.

I ordered 2 entries for $54 for takeout from the bar at Hash House and charged it to the room. They were efficient and took only about 20 mins to get my order ready. The portions were large enough that I could probably make 4 meals out of it.

My only hiccup with the hotel came when going to the fitness center. I called the front desk to confirm that the fitness center opened at 5AM. I went down at 6AM but they were still closed. I asked the front desk what the hours were and they said 7AM. However, they still weren’t open at 8AM.

I stayed from 3/4-3/8 (4 nights). My total for the 4 nights should be $36 + $40 + $24 + $24 = $124. In return, I get 4000 points from bonus journeys, an additional 750 points from Hyatt spending, and card points. I was able to book the points plus rates before they were removed so I should be receiving an additional 5000 points. So $124 for a total of about 10000 points and 4 EQN. Oddly enough, the bill for my first day said I had earned 2 EQNs but will see if they post.

In the future, weekday nights at the Rio should be around $24 per night for Globalists. Currently, Hyatt Bonus Journeys offers 1000 points per night until April 30th. There is also a new hotel promotion April 1-June 30 where nights earn an extra 500 points.

In theory, if you’re local to Vegas or visit often, you can get 60 night globalists for:

March: 17 days at $24/night, earn 17k points from Bonus Journeys, 4k from spend.

April: 14 nights at $24/night, earn 4k points from Bonus Journeys, 7k from New hotel bonus, 3360 from spend. April is the month where both promos stack.

May: 8 nights at $24/night, 4k from new hotel bonus, 1320 from spend.

June: 21 nights at $39/night, 10.5k from new hotel bonus, 8190 from spend. The June nights are more expensive, but may potentially go down (or up).

Total: $1755 and you receive 60k points, a Cat4 Award ($150), 2x2k Next stay award, 3xGOH award ($150), 5x SUA award ($250), and a Cat7 Award ($350). The total value of the milestone rewards is roughly $900. The values are estimated from certain websites. You would also get breakfast (with plenty of leftovers) every day, as well as a place to stay off-strip.

I don’t know how long this will last. It seems like they are losing money for each stay, especially if people take full advantage of the breakfast benefit.

Since the MGM/Hyatt partnership ended, I didn’t have a reasonable way to attain Globalist status but this was even better than expected. This would actually be perfect since I prefer to stay off-strip and I travel to Vegas monthly anyways.