53. Deal or No Deal: How to Evaluate Points Redemption Value
Point Me To First Class
Devon Gimbel MD
5 • 1K Ratings
🗓️ 4 March 2024
⏱️ 36 minutes
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Summary
Have you ever felt like you were doing points “wrong” because you aren’t booking the same kinds of high-value redemptions that you see other people posting about? If you’re scared of wasting your points so you just don’t use them to book travel, despite having hundreds of thousands of points saved up, you are not alone.
This week, discover how to calculate exactly how much value you’re getting from your points from each redemption. You’ll learn how to spot a great deal, compare your options, and ditch all the indecision and insecurity that’s stopping you from using your points to book phenomenal travel experiences.
Get full show notes and more information here: https://www.pointmetofirstclass.com/blog/evaluate-points-redemption-value
Join the waitlist for Points Made Easy here: https://www.pointmetofirstclass.com/pointsmadeeasy
Transcript
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| 0:00.0 | Welcome to Point Me to First Class, the only show for employed professionals, entrepreneurs, |
| 0:06.2 | and business owners who are looking to optimize their higher than average expenses to travel the world. |
| 0:10.8 | I'm your host, Stephen Kimballimble and I believe that your expenses are your |
| 0:13.9 | greatest untapped asset if you know how to leverage them. Ready to dive into the world |
| 0:18.9 | of credit card points and miles so you can travel more, travel better, and travel often. |
| 0:23.0 | Let's get started. |
| 0:25.0 | Welcome back to the podcast, everybody. |
| 0:30.0 | Have you ever felt like you're doing points wrong because you're not booking the same quote |
| 0:35.9 | high-value redemptions that you see other people posting about? Have you ever run an award search or many and found potential travel options that you could use points to book but became paralyzed because you just didn't know if they were a good deal or not? |
| 0:52.0 | Are you scared of wasting your points so you just don't use them to book travel at all, |
| 0:57.3 | even though you have hundreds of thousands or even over a million points saved up? If you can relate to any of these scenarios, you are not |
| 1:05.3 | alone and this episode is for you. Because today we are talking all things |
| 1:10.4 | points redemption value. |
| 1:12.8 | I'm going to teach you how to calculate exactly how much value you're getting from your |
| 1:16.6 | points for a given redemption and how to know whether that's a good deal or not, so that you |
| 1:21.5 | can ditch the indecision and insecurity around using your points and start putting them to great use. |
| 1:27.0 | I also want to talk a little bit about some points redemption value controversies. |
| 1:32.0 | Actually, that sounds very dramatic, and it's really not that dramatic. |
| 1:36.0 | It's mostly math, but there are conflicting opinions and a little bit of drama in the Points |
| 1:41.0 | Travel World about how some of us, including me, use redemption value in the way that we talk about how much money points can potentially save you in travel. |
| 1:50.0 | So we're going to get into that. But first I want to cover what redemption value is, how to calculate it for those of you not familiar with that yet, |
| 1:58.0 | why I think it's a valuable exercise to run when you're planning award travel even though some people say it's |
... |
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