Plat Edge burn rate change - fx. [120pts=$1 from 1 July 2012]

[Virgin Bart]

Hi all, apologies in advance if this has been covered.

I was redeeming some MR points today at an Amex foreign exchange for the usual rate of 100 points = $1. The kind man behind the counter then let me know that as of 1 July it will cost 120 points = $1. A 20% decrease in points value without any warning. Very disappointing especially to only hear about it by coincidence (unless I've missed something).

Cheers, Bart.

 

[yohy?!]

use your hard earned points for business class tickets instead (asia miles, singapore etc etc) and you could be getting in the region of $0.08 per point or higher...... instead of the $0.01 you currently get

 

[Virgin Bart]

This is true. Guess it just makes it completely silly now.

 

[Trinz]

I wonder if redeeming it for flights is the best value option for cashing in reward points... I've got 50,000 saved up and I was initially going to do the same and exchange it for foreign currency, but since I don't need it now it is even less valuable.

Has anyone figured out which is the best frequent traveller program to dump points into?

 

[scheps]

This is true. Guess it just makes it completely silly now.

I will give you $1 for 99 points

 

[scheps]

Has anyone figured out which is the best frequent traveller program to dump points into?

Depends on where you want to travel. I find Enrich the best (malaysian airlines) as that is one of the ones i do. But the airline depends on where you want to go. e.g. i wouldnt fly enrich from oz to lax coz its stupid.

Also you can technically sell your points to someone you trust (there is a transfer form).