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Is Cent Per Point (CPP) Actually Overrated?
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- เผยแพร่เมื่อ 10 เม.ย. 2024
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Credit card Cent Per Point seems to be always a contentious subject, but in this video I’d like to show off both sides of the argument in which CPP does matter, and where it may matter just a bit less.
I also outline a tale of 2 Hilton Curio hotels in which 1 of my stays, at the Mills house hotel, had a horrible CPP value, but it was the best vacation I’ve ever really had.
Meanwhile the same Curio brand hotel, had a great CPP value, but it was the WORST stay of my life haha, so the nuances come in to play when factoring in your subjective experience.
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Thank you for watching!
Timestamps ⏳:
1:33 Ninja’s Take on CPP Value
6:07 Shaun Lane’s Main CPP Dilemma
9:15 My CPP Horror Story
12:20 How You EARN Your Points MATTERS
Disclaimer!
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Tags: #creditcards #pointsandmiles #centperpoint
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This can be tough at times. What I have resorted to is if I don’t like the CPP, I am not going to change my plans but will just book with cash and earn more points 😅.
Yes absolutely. And haha, makes sense for sure! I still just don’t want to pay cash for anything at the moment, or at least 90% of the time, so I’ll continue with points. But I’m sure that’ll change in the future etc.
Thanks Xavier man for being here!!
Cents per point is nice for airlines when you get an economy flight through an alliance partner for good value. From my closest airport, Delta flies to Salt Lake City for 49000 MR points 49000 Delta points. Booking this same flight through Virgin Atlantic with its 30% transfer bonus only needs a transfer of 17000 MR points to 22000 VA points. That's a point redemption of over 3 cemts per point, but it does not go overboard hoarding points just to spend a ton of them on some redemption.
Personally I had this redemption I didn't think was worth it on a recent trip I had to New York City. I stayed at the Midtown Conrad with a 1.8 MR point (or 0.9 Hilton point). It was 95000 Hilton points. I chose Midtown because it was close to a certain theatre that was playing a Back to the Future musical I planned to watch with friends. The service at the hotel was subpar and I would've chose another Hilton if I had the hindsight.
After my experience of being in New York for the 4 day trip, I'm gonna look more closely at hotel reviews and book stuff with the least amount of points.
Absolutely and these are 2 very interesting cases as to why and when it can make a lot of sense, and you seemed to have some great redemptions here absolutely, great value.
But yes, reviews really are kind of one of the most important parts to choosing our stays and flights I think.
Thank you for this Mr Sleepy Head, it’s always good to hear these experiences!
People that over focus on cpp seem to end up stacking points and booking a lot of stuff w/ cash. Bad mentality imo
Yes I notice that for some actually! Good point!
Yes I think like most things in life, it’ll need some middle ground balance to maximizing value + experience etc.
Thank you Bench of Lemons!
Love these types of discussions. Experience per point (EPP). That's what it’s all about.
Thanks Juan, me too! These are always fun to make since I can highlight some folks with differing opinions, so we all hopefully come to a middle ground etc.
Thank you for being here Juan!
CPP is meh, I get optimization but it can be crippling to some.
For me, I just do a quick mental math. Example hotel credit card annual free night certificate. Let’s say the annual fee is $150. As long as I stay at a property that’s greater than $150 - all good by me. Easy math
Yes I think so, a middle ground is always needed it seems.
And right on, good point about FNC and covering the annual fee, absolutely agree with that, I should have mentioned that actually.
Thanks again Key! 🔑
Honestly for real, because as long as you’re getting value out of the trips you use your points for (provided you’re not getting like .5 CPP😭), that’s what matters to yourself
Yes absolutely! And I think that’s the main point for Ninja, have a floor, then enjoy whatever you can reasonable above that haha.
Thanks Manny!!
Cpp must be at least above the cashback rate. So if amex, the minimum is 1.2cpp since can get cash rebate for 1.1cpp. Even if cpp is 1.15 i rather take the cash rebate and then book the hotels or flight with cash. Cos usually booking with cash also give me rebate in the form of hotel points or airline miles
Yes I think so for sure, and people forget the value of buying points/what they are worth after transferring etc.
And agreed on those other perks when paying cash, have to work that into CPP.
Thanks MinTico!!
I love the EPP (Experience Per Point) 😂I'm definitely in the middle on this topic as well. I definitely think there should be some sort of established value & threshold, but at the same time there typically isn't high-end first class products to like South America where I love traveling to, and so I"m happy to get 3-4 cents/point for travel that I really look forward to. Great video Anthony!
Haha makes sense Matt, that’s a very good point! You love your LATAM and if there aren’t any crazy redemptions, I mean there’s nothing you can do ha.
Thank you again for being here Matt!
It's always about the experience! Thanks for the info + video!
Seems to be a lot of the time honestly so far in my case! Thank you Jimmy for being here!
I’m kind of in the middle, need to value our points as a currency, above a certain “commonly accepted” threshold as to not lose money/value unnecessarily, but it also won’t stop me from booking a stay I just want to do, regardless of value. So I play both sides depending on the situation I think.
What do you guys think?
Always playing the middleee mannnn
I wonder how you guys in the "CC Game" get around getting rejected due to high number of inquiries in your credit report. Have a >750 score, zero negatives, own home, no debt, very high income, no balances, about $250K in current CC credit lines, and yet got rejected by Wells Fargo for the free autograph due to "high number of inquiries". Seriously??
I think I saw a few folks answer your question, but basically it just depends on the issuer. Somebody like Amex cares far less than someone like Wells Fargo.
So usually you’ll see folks with a lot of Chase and Amex, and none of the others I think.
Thanks Dgasmd!
CPP isn't overrated if you have a finite number of points. Excluding SUBs, most people can't spend enough and earn enough points to cover trips for multiple people. I'm not going to cancel a domestic trip because I can't cover it with points, but I might opt for cash if I need to hit a SUB or I plan to get more value out of an even more expensive international trip where you need hundreds of thousands of points.
MS is easy but you have to know where to get the info
I think that’s a very good distinction to make for sure, cash now vs way more value for the same amount of points for a later date trip etc.
Totally agreed Richie completely! Thank you!
And MS ha, usually I find those folks in Facebook groups etc. I just don’t even want to go near it honestly.
The idea of EPP sounds good but in many cases usually has little to do with your point redemptions unless you spend the entire trip in the hotel. You can have a great hotel but be in a terrible location (many that look convenient can be loud), overcrowded, etc. I view points as a tool to transport. Most of my points are used for coach Econ flights. I’m trying to stretch them and load up on experiences by going to cool places. Hotels are awesome but have such high competition compared to flights, so I sparingly use points for hotels unless I have them from SUBs. CPP matters but you do have to consider routing, airline. Essentially I try to optimize until it gets inconvenient, then pull back.
I don’t think having a good hotel in a good location and EPP are mutually exclusive though, I think it just means that if there’s a particular place that draws you in, and you want to stay, there Ninja will stay there even if the CPP isn’t amazing. Depending on cash price too of course.
Also I lied what you said about hotels being more competitive than flights, I never thought of it that way but it’s absolutely true. Need to be faster to book, and more strategic in a way with hotels.
Of course rare award flights and planes hold weight in this, but not for the majority.
Thanks AP, good points all around!
These types of discussions are thrilling to partake in as we attempt to merge processing objectivity with the reality of subjectivity. Preservation of liquid cash vs cash back rebate/statement credits vs points currencies all have their own unique role for the earner at the end of day. This is also considering every single person is using their cards responsibly and not owing interest..which throws a huge wrench into the fundamental concept of “winning” in this game. Thank you again for the opportunity to speak with you, and I look forward to learning from differing perspectives on this topic. Team EPP 😎
The oracle has spoken!! Thank you for the discussion and topic man, and for coming on the podcast to even make it possible!
I think you have incredible insights and someone I’ve learned from a ton in just that podcast alone.
So thanks again Ninja!
Waiting for the next video 😂 3 wife 🤔
Hmmmmm Ninja may be fooling around Triple! 😂😂😂
It is vastly overrated and I dont care about it. I came back from a 11 day vacation and the only thing that was on my mind was how many free hotel nights can I book using my Hilton and Hyatt and IHG points for this 22 night stay (2 rooms per night). I couldnt care less whether it was a Waldorf or not. I just needed a free night and many of them. I found that Homewood suites and regular Hiltons and Hyatts suited me just fine.
Wowwww 22 night stay??? That’s wild!
Yes that’s how I feel as well, I guess the priority changes depending on how much you travel, but with a few trips per year, it may matter less about maximizing and more about how good the stay was, and was it no cash out of pocket.
Great point Ping, that’s wild, I’d love to hear more about that stay you did one day. Maybe on a podcast if you’d ever be open to it!
@@AnthonyVenture Haha, yes 22 nights is a lot of nights but booked mainly using points. Saved a ton, but had to cough a lot of cash still, because of parking and resort fees (IHG still got to pay and I booked 4 nights at a Hyatt using Chase points so got to pay resort fees. As for the podcast, I have to respectfully decline. I am just not into podcast type stuff. But you are more than welcome to reference my channel if you want. I aim to pass this 100 subscriber barrier sometime this year! hahaha. Happy days!
@@PingPingTravel Ahh I see. I guess that’s where a Globalist status could come in handy with waived resort fees etc. Wild though.
And no problem at all! I understand for sure.
Hmm I guess at the very least, if you wanted to join the discord, you could share your videos there to the 300+ members. That could get you over 100 subs maybe just a little faster!
@@AnthonyVenture Yes, I am aiming to get beyond Gold status on at least one hotel chain this year. That is the plan at least. What is the link to the Discord? I'm unfamiliar with it. Thanks!
I’m first! Calby cheated!
Shame on Calby, he can be shady--gota watch him🤣😅
@@JazzyMarineVet exactly right! We gotta watch out for Calby
Calby is the shadiest one of them all, that guy is cookooo crazy!
Thanks CJ and Jazzy!
Whatchu guys talking about 😶🌫️
There he is! GET HIM JAZZY!
First!
Go away. I’m first!
@@ItsMeCJ Ha! Not todayyyyyyyy
Hahha DAMN!! Thanks Calby and CJ!