Yesterday evening, during our daily after-work-walk where we wind down by talking about our days, everything was picture-perfect until Kevin said something that caught me off guard. He started off by innocently by “hey, Ang, what do you think about Membership Rewards points – are they worth anything?”.
I responded by saying that MR points were not my preferred points-currency of choice (for me it’s SPG points and Chase Ultimate Rewards points), but they were still good to have a nice stash of. He then told me that they made a cool redemption at work earlier during the day. Considering that I knew his company had close to a million points, I was excitedly anticipating him to say something along the lines of, “pack your bags; we’re all going on a lavish vacation!”
He then says, “today at work we cashed out 22,000 MR points for a cool $140 headset”.
Wait… WHAT? I patiently waited for the “just kidding” part… but that never came.
I almost lost my breath.
Like most things in life, the use of miles and points are a case of “to each their own”, but seriously, Kev?!?! We live under the same roof and that’s what you tell me?
I began to tell him that 22,000 MR points is worth WAY more than a measly headset. Just as one example, 22K MR points can be transferred into 22K British Airways Avios and can be redeemed for 2 round trips from NYC to Montreal and still have some to spare.
Life lesson to all readers: cashing out points and miles for merchandise is not a way to maximize the value of your points.
Have you (or has any one in your family) ever made a cringe-worthy redemption that you regretted? Please feel free share your stories.
Jamison says
i used to cash out delta miles for gift cards…….
Nick aka Flying Lawyer says
It’s horrible, and it was before I started getting into Miles, but I used 60k US Air miles for 1 round trip ticket from Philadelphia to West Palm Beach, it still haunts me!
The Deal Mommy says
You know this is a pet peeve of mine! http://thedealmommy.com/the-absolute-worst-way-to-use-amex-membership-rewards-points/
I didn’t mention by name in my post, but I have a relative who spent 150,000MR points for a basic Kindle(!). UGH! We have much work to do…
Ken says
A friend was interested in a good knife set. He sent me an email showing a redemption value of about 40,000 MR points for a $225 set of Henckels.
I told him it was a waste of MR points, he should use the points on air fare and that I would explain it all another time.
Sadly, I know that in the past he used MR points for a new TV.
(All not nearly as ugly as The Deal Mommy’s example.)
Rick says
I used Southwest miles to get $500 in gift cards with the 50k miles balance. My reason was that I have about 1.3 mil miles in AA, UA and Delta combined. And I wanted to buy some Apple products.
Nickfromct says
Poor Kevin! I’m sure he’ll never live this one down.
infamousdx says
Funny you should ask that question about family members making cringe-worthy redemptions! http://thehustleblog.com/2011/10/24/my-sis-gc-redeemer/
ORD-TGU says
I have a few orphan points with CITI ThankYou points, I can redeem them for Bestbuy giftcards at $100 for 10K (1CPP). What is a better redemption for these points?
enthusiast says
Well, I cashed out 3750 MRs once for $75 in Gap gift cards. At the time, PJ was paying 84% for Gap gift cards, so I got 1.68cpp. That’s not bad ain’t it? Just don’t justify to me my poor cpp ratio by comparing against first class flights, since I don’t lots, and I always fly economy :)
Heather says
If I was Kevin, I would be upset at you for publicly criticizing him on the internet!
fosij says
Before the aeroplan devaluation, we once used 75k points for a roundtrip YVR-HKG. YIKES!
Bitachu says
think how many BA points that would have been with the 50% bonus