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Discussion in 'The Mainboard' started by blind dog, Apr 10, 2015.
This is my thought as well.
And Chase would generate 3% in revenue on people having to spend to use those points as a statement credit. So it'd be a smaller loss than people not spending money, sitting on their points, and then using it
I figured they'd be happy to let that ride out. It just lets them sit on cash longer
Makes more sense
Is there some reg where they can raise the rate if they lose X amount of money in a year?
I believe he's talking about the company's capital gains rate, not the interest rate to customers
Actually top marginal rate on operating income, which dropped beginning in 2018 for corporations. As part of the CARES Act, Congress allowed companies to carry back their net operating losses to 2017. So if you have losses in 2020, you can use them to offset income from 2017 and claim a refund at pre-reform tax rates. Basically increases the value of deductions in 2020 by 67%. So the 1.5 pts makes sense. Simple arbitrage with the federal government subsidizing the cost.
Just the kind of stimulus this country needed!
Except it's not just 2017 but the previous 5 years. So a calendar year filer can go back to 2013 if they generated NOL in 2018.
Folks, we love to see it
Of course I got the damn airpods lol. They came in today and the wife is happy so fuck it.
I know that at a minimum I am going to use my reserve for every grocery, restaurant, and home improvement store I step in. I will also start taking a look at if I need to stock up on any items, buy gift cards to my favorite restaurants, or look at doing some remodels. If I go all out I will buy a large amazon gift card as you mentioned
same here - gonna log on Sunday night or Monday & see how much I can get back from purchases within the last 90 days too
Since covid hit never planned our honeymoon we were going to take this summer. Have about 700k chase points. Assuming I could get this “cashed out” - are there any other benefits from Chase travel that I’d be missing out on trying to pay cash for an international trip instead of booking through UR portal? Trying to mitigate risk with the points here but also don’t want to lose out on added benefits of UR travel booking.
Booking with UR has no benefits that booking with money on your CSR doesn't have
The only benefit you lose is the ability to send those points to Hyatt or United and potentially get more than 1.5
152k Chase UR points here:
With covid putting off travel, devals galore, and 1.5cpp on valid statement credits (i think i got that right). I might flirt with getting a $1900 Home Depot gift card. I have the point value at approx $2900 but that is dropping/will drop.
My main UR transfer partners are United (recent deval, I just moved away from hub city) and Hyatt (plenty of points in there already). I have ~3 months to decide. I also have almost same value in Amex MR to cover any travel that needs to happen in the next 18 months or so.
Are we expecting there to be a lot of devaluation of points the next couple years? Wife and I have about 300,000 UR points that I was planning to save for next year for 3 weeks in Europe but would consider cashing out if that’s expected.
Broke a million Hilton rupees. Finally just booked a stay with almost all of them to get it on the books.
I would say that if you book with UR, you get "discount" hotel deals at the locations your flight is going to.
Now, I don't know how legit these deals are nor have I cross checked every time with other sites (I have once or twice and it was a discount), but I have booked through them after booking flights
That's just expedia so you could just do the same thing through them
Man I’m torn with this 1.5x UR thing
making me feel alive tbh
Where you heading and when?
Still have 650k UR left between me and the missus. We're house hunting and may end up needing appliances so this may work out well. It'll certainly help soften the blow of clearing out most of our $$$.
I don’t need to cash points in for anything now so I’m team hold UR points. Sitting on 400k right now.
I got 4 cents a point with my airfare to Thailand and a laughable 20 cents a point with my recent trip to Japan.
Same spring break trip we cancelled this year (Waldorf Orlando), just booked a suite this time because of the amount of points.
What airline did you use for Thailand? That’s our dilemma right now too. Cash out or try to use our 300k or so to go to Thailand sometime next year.
We booked through United (was supposed to be there right now) and were flying economy there and had a leg in Polaris on the way back (Seoul to SF). Think it was 40k each going and 75k returning, so 230k total.
I used most of my UR for those flights so lucky me I now have 240+k United miles. Only have about 60k UR now after that so I think I'm just going to hold and hope United still has 30k one-ways to Europe once travel is possible again. Those are by far the best bang for the buck (points?) I've gotten transferring.
Korean Air (no longer a partner for UR unfortunately)
Was gonna do business class to New Zealand on a United saver award for 75k one way but it seems those are all gone plus NZ doesn’t want my rona-riddled body or NY ID anywhere near them for the foreseeable future
seems like lots of airlines have hyper restricted award activity, can't get my virgin miles used at all since delta isn't making any available
Had to get a picture before I used them. I will likely never see a total like this again, I usually use them well before I even get to half of this:
It must be extremely satisfying just to have a million of points for anything.
Travel about 80-100 nights a year?
What are people doing for this these days?
depends on the airline
My reserve is up in August, been a member since they first came out. Wife and I are looking to have our first kid next year so travel will probably be a little prohibitive.
Thinking of downgrading and re-applying for the Sapphire Preferred. Or should downgrade and keep with the Reserve?
Haven't been following what COVID's future impact are on points.
If I were you I'd downgrade and get the CSP since it has a higher bonus and you won't be traveling. I think the CSR has more value but maybe you upgrade again in two years
I will say this opinion changes if you would like to liquidate any of your UR now...really good deal with the Reserve
my amex plat just came up, probabbbbbly downgrading, we'll see if i can get a retention offer of any kind
Yeah my wife and I have a bunch of home projects so debating liquidating the UR for Lowes/Home Depot given the really good statement credits. If we do that, re-up with the reserve?
Or liquidate then do preferred.
Just make sure you have it for liquidation time and follow the procedures (they might not let you cancel if you have credits pending)
Should I be seeing the CSR 1.5x conversion statement credit option somewhere? I see the 5x on groceries.
Go into UR, toolbar, pay yourself back
it’s on the side menu once you get into Ultimate Rewards
Thanks gents, found it! Now do I blow 150,000 points on $2,250 in cash back hmmm.
What else would you blow 150,000 points on?
At some point the plan was to use it on travel but I guess it converts the same so you’re leading me to doing it.
If you were going to use the portal, 100% do it
If you had some big lofty first-class plans to fly United, that will be worth holding off on likely. If you were going to stay at some Hyatts somewhere, maybe it's worth it to hold
But really to me it was a no-brainer. Take the money and run
Just cashed out $2k. Can always get more points. Give me those greenbacks.
yea took the $950 was all I had eligible. Damn shame I didn’t look a couple days ago I think I just missed the 90 day window on a few bigger ones.
You still have 3 months. I have confidence in you
Did the same with my roughly 160k points. Feels good.