Should You Redeem POINTS or Pay CASH for Travel? (How to Decide)
HTML-код
- Опубликовано: 1 июн 2024
- Join our community at princeoftravel.com (enter your email)
It's the age-old question: should you redeem points or pay cash when you're booking a flight or hotel? What are the factors that go into making this decision?
In this video, I share with you some of the guidelines and principles that I personally follow when making these decisions, allowing me to optimally allocate my budget of both cash and points in order to meet my travel needs.
On one hand, you need to consider whether a points redemption offers enough value, taking into account the fact that you get to earn additional points if you paid cash instead. On the other hand, points are deflationary by nature, so you always need to earn and burn!
0:00 Introduction
0:51 Getting Good Value for Your Points
5:58 Maximizing Rewards on Cash Bookings
9:39 Points Are Deflationary
13:11 Pay Cash, But Not Out of Your Own Pocket
15:08 Conclusion + Flight Footage!
Thanks to HSBC and the HSBC World Elite Mastercard for sponsoring this video. You can find more information about the card here: tinyurl.com/yxh27z84
And apply here: princeoftravel.com/apply/HSBC...
▶ Become a Member + Chat on Discord
princeoftravel.com/membership
▶ Newbie to Miles & Points? Start Here
tinyurl.com/y3numbj5
▶ Need Help? Try Points Consulting
princeoftravel.com/consulting
▶ Prince of Travel Elites Facebook Group
/ princeoftravel
▶ Follow Prince of Travel
princeoftravel.com
/ princeoftravel
/ realricky
Great to see a Canadian doing CANADIAN MARKET credit cards and travel! Keep up the good work lad.
Haha the background changes caught me off guard man! 😂😂😂
The benefits of hotel hopping 😁
Before I retired I traveled extensively and always tried to stay at Marriott properties. I have Platinum Elite for life status. I always try to cash my points for hotel stays when the hotel is $500 or higher. This seems to work well to get value. The Luxury Collection really fills this kind of hotel well for trips to Europe.
You have a great point on not getting to many points you don’t lose.
This is great, thanks for sharing all this info and breaking it down + links. Excited to get after this.
Glad it was helpful!
Great video! Never really thought about this in depth until now.
Glad you enjoyed it!
Nice Break Down Ricky!! Learning So Much From Your Videos Keep it Up!!
More to come!
Great video! Thx so much!
You are very welcome!
My god your so smart! How do you learn all that information!
Great video! Just wanted to point out that the links you alluded to in the top right corner haven't been included (yet).
You sure? I can see them on my end. Maybe give it a refresh / try a different device / disable your ad blocker?
Great video Ricky! What is the best CPP value you have gotten in your travel career?
Must've been around 31 cpp on Cathay Pacific First Class... 70,000 Alaska miles for a $21,000 ticket!
Why do we deduct the taxes and fees when calculating cents per mile?
Hey Ricky, I had a question for you. I was wondering if there is an Easier way to look for flights when I’m trying to redeem my American Express points for a flight that is first class. For me I know you have to do research but I literally have never been able to find availability.
Ring the airline directly
Hi Prince! Your videos are awesome thanks for your time and effort! This is what it says on the Air Canada Website as you know, Every seat, every Air Canada flight, no restrictions
Any Air Canada seat you see available to buy in cash, you can use your points to redeem for it. With every fare class included and no blackout periods, you choose when to use your points..... Well I just rang and spoke to Air Canada as I had found seats on an Air Canada flight with an AC.....flight number and they told me it was not available on Points? I have 25k Status and a lot of points but can't use them. As you are affiliated with Air Canada and their Aeroplan can you please comment on this? They are saying one thing but not doing it!? Thanks in advance! Also, has anyone else had this problem??
Which flight was it?
@@PrinceofTravel air Canada AC6092
@@PrinceofTravel Hi Prince any word, please?
@@justinthomason3253 Looks like it's a codeshare for LAX-AKL on Air New Zealand? This would be a partner-operated flight, not an Air Canada operated flight, so it would still be subject to the normal award availability patterns (and Air New Zealand is pretty notorious for being stingy when releasing award space).
@@PrinceofTravel but let’s be honest Air Canada markets that every air Canada seat on every air Canada flight is available on points and they market this flight as Air Canada with an air Canada flight number. So their marketing claim is simple not true.
Whatever you do, don't pay 2.5% FX markup
Shameless money grab, plain and simple, thankfully we have some customer-friendly options like HSBC 😉
Want to level up your travel game? Join us at the Prince of Travel Signature Event Vancouver 2023! Get your tickets now: princeoftravel.com/events/vancouver-2023
well at some point you are going to have to redeem points OR you are going to loose them.