You may be wondering, how much are your hard-earned Choice Privileges points really worth? Well, the answer isn’t as simple as it may seem at first glance. In this article, we’ll conduct an in-depth analysis to help you understand the true value of your Choice points and how to make the most of them.
Understanding the Baseline Value
After meticulous research and evaluation, NerdWallet has established the baseline value of Choice Privileges points at 1 cent each. This value is derived from real-world data, and it serves as a reference point for your reward redemptions. However, it’s important to note that this is not the maximum value you can achieve; it’s merely the starting point.
Deciphering the Value
To arrive at this value, we compared various real-world redemptions made using both cash and points. This baseline of 1 cent per point is a solid foundation for your reward strategy. If you can find award redemptions that offer 1 cent or more in value for each point, you’re on the right track. On the flip side, if your redemptions yield less than 1 cent per point, you might want to explore other redemption options or consider paying in cash.
Exploring Your Options
Understanding this baseline value can also guide your decisions when considering Choice promotions or the transfer of credit card points to Choice Hotels. Choice is a transfer partner of American Express Membership Rewards and Citi ThankYou Points. Keep in mind that this value is an estimate, not a rigid cash equivalent.
Calculating the Cost of Redemption
Choice Hotels employs dynamic pricing to determine the redemption rates for award nights. The cost can vary significantly, starting as low as 8,000 points and going up to 100,000 points for all-inclusive resorts. Moreover, you may have the flexibility to combine cash and points if you have a minimum of 6,000 points.