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advice and tips finance fun

Earning and burning points

Recently I started to realize buring (use) rewards points efficiently is as important as earning, if not more.

Chase Ultimate Rewards, Hyatt
I made a small mistake about a month ago when I transferred some Chase UR points to Hyatt. The impetus for doing that was I needed to book 3 nights of hotel at Hyatt Regency in Chicago (magnificent miles). And I found booking via Chase UR website costs about 45,000 points. But in split of a second, I mistook Hyatt charges 40,000 points for 3 nights (it’s actually only 2 nights, but my mind short circuited). And I did the 40,000 points transfer (1:1). After that I no longer have 45,000 UR points, and had to use some 6,000 points plus $430 for those 3 nights.

So there was the cost of my small mistake. But the story did not end here, as I heard from one of my friend Hyatt points was a big saver in his family Florida trip. So I looked for Hyatt Place or Hyatt House for the summer trip we are taking in the east. I was able to book the free night (yearly) at Boston Harbor, also booked 5 nights either at Hyatt Place or Hyatt House in Owings Mills (Baltimore), Amherst (Buffalo), Morristown (NJ), and Boston Braintree (south Boston). Note both Hyatt Place and House have free breakfast.

Starwood Preferred Guest SPG
I know SPG points are valuable, and I have used them in various places including Shanghai, and this one with more pictures. Recently Marriott and SPG joined forces, and I have some points in MR and SPG but could not make a booking from either. So I transferred 5,000 points from MR to SPG (worth 1,666 SPG points), combined with 1,400 points I already have, I was able to make a booking at Aloft BWI (baltimore airport). I stayed at Aloft ORD before and have some ideas how it feels.