ST Alpha - "Definitely easier and in many cases just as valuable. There are some notable exceptions especially with Chase where I can redeem points" (Reading a Post)

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In response to "This is why I prefer straight cash back, no need to worry about transferring points and whatnot. -- nm" by znufrii

Definitely easier and in many cases just as valuable. There are some notable exceptions especially with Chase where I can redeem points

Posted by oblique (aka kkuphal) Aug 4 '21, 12:24

at 1.5x their normal value while earning them at the same 2% rate you might get on cash back cards (I use the Chase Freedom for that).

Spending 25k on a 2% card gets you $500
Spending 25k on my chase card gets me $500 or 50k points
I can turn around and redeem 25k points to 25k miles at United and use those 25k points to get a $500 flight

So even just doing miles, I can turn 25k in spending into $1000 worth of flights vs. $500 cash back.

Responses:

True. But then you are pressured/required to use them for specific things in specific time frames. "Freedom" -- nm - Spawn Aug 4, 12:26 2
- Well, that also is the value of the Chase points. I can transfer them as miles or pay myself back (1.5x value) or use them in a variety of ways - oblique Aug 4, 12:29 1
  - Well, Chase was my first CC and I swore I would never go back. - Spawn Aug 4, 12:30

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Definitely easier and in many cases just as valuable. There are some notable exceptions especially with Chase where I can redeem points

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