travel-tips – Newby to Expert Traveler

Stop Transferring Points to Hotel Programs

Posted on June 20, 2026 by David Cox

Coming off the recent devaluation of the World of Hyatt program and a change to the transfer ratio from Chase Ultimate Rewards to the World of Hyatt program, I think it’s time to ask a pointed question. Does it make sense to transfer points from any transferable points program to any hotel program?

In 2023, we stayed two nights at the Hyatt Ziva Los Cabos for a total of 43,000. For the same dates in 2027, it’s now 100,000 Hyatt points.

I’m not talking about situations where you need some points to top off your Marriott account to use the rest of your Marriott Bonvoy points on a hotel stay. I’m talking about situations where all of the points that you need to book a hotel stay are coming from a transferable points program. For the purposes of this discussion, let’s assume that the person booking the hotel never flies, since, generally, the best use of those points would be for airline tickets. In other words, they have points, and they are going to use them to book hotel rooms.

For each of these transferable programs, there is an option to use points on the travel portal to book a stay, rather than transferring those points to the hotel program and booking directly with the hotel.

American Express Membership Reward Points

According to The Points Guy, the value of an American Express Membership Rewards point is 2 cents. The chances of getting 2 cents per point value on a hotel stay using Amex points are extremely low, however. Amex has a laughably low redemption rate of 0.7 cents per point for hotels through their Amex travel portal. That becomes the baseline that you would have to beat to make a transfer make sense.

Program	Transfer From	Points Worth (TPC Valuations) in CPP	Transfer Value
Choice Privileges	Amex MR (1:1)	0.6	0.6
Hilton Honors	Amex MR (1:2)	0.35	0.7
Marriott Bonvoy	Amex MR (1:1)	0.8	0.8

In the case of Amex, I would probably transfer to Hilton or Marriott, simply because I would prefer to book with the hotel itself, because if something were to go wrong, you’d be better off having to deal with the hotel program itself, instead of dealing with the customer service from the Amex travel portal. But still, none of these options would even get you 1 cent per point. At these rates, if I’m not ever going to fly, I don’t think I’m even considering earning Amex points.

Bilt Rewards

Bilt Rewards is still a fairly new program, but they have grown to be, in my opinion, the best points program. One great aspect of the program is that, if you book a hotel through the Bilt Travel Portal, your points are redeemed at a 1.25 cents per point rate. In other words, a hotel that costs $125 per night would be bookable for 10,000 Bilt points. That is actually a really good rate by itself, but they also have six hotel transfer partners: All Accor, IHG Rewards, Hilton Honors, World of Hyatt, Marriott Bonvoy, and Wyndham.

Program	Transfer From	Points Worth (TPC Valuations) in CPP	Transfer Value
All Accor	Bilt (3:2)	2	1.5
IHG Rewards	Bilt (1:1)	0.55	0.55
Hilton Honors	Bilt (1:1)	0.35	0.35
World of Hyatt	Bilt (1:1)	1.55	1.55
Marriott Bonvoy	Bilt (1:1)	0.8	0.8
Wyndham	Bilt (1:1)	0.7	0.7

Of the six transfer partners, only two, All Accor and World of Hyatt, redeem at an average rate higher than the 1.25 cents per point that you can get through the travel portal. Points transferred to IHG, Hilton, Marriott, and Wyndham would essentially be burning those points, compared to just booking those hotels through the travel portal. The only good reason to transfer to one of those programs is to top off an account to use points that are already in one of those programs.

Capital One

Using Capital One Travel, Capital One Venture Miles are worth 1 cent per point when redeemed for hotels. Aside from booking on Capital One Travel, Venture Miles can be transferred to ALL Accor, Choice Privileges, I Prefer, and Wyndham.

Program	Transfer From	Points Worth (TPC Valuations) in CPP	Transfer Value
ALL Accor	Capital One (2:1)	2	1
Choice Privileges	Capital One (1:1)	0.6	0.6
I Prefer	Capital One (1:2)	0.5	1
Wyndham	Capital One (1:1)	0.7	0.7

All Accor and I Prefer end up with a value of 1 cent per point when transferring from Capital One Venture Miles. That’s the same value as booking through the travel portal, so it’s really just a matter of how you prefer to book the hotel. Wyndham and Choice provide very low value when transferring Venture Miles.

Citi Thank You Points

Citi Thank You Points are worth 1 cent per point for hotels through the Citi Travel Portal. Besides, what they are worth through the travel portal, Thank You Points can be transferred to several hotel programs. There are two different rates, but to get the highest transfer ratio, you will need to be a cardholder of either Citi Strata Premier or Citi Strata Elite. You can transfer if you are a cardholder of the Citi Custom Cash, Citi Strata, or Citi Double Cash, but the transfer ratios are so bad that I wouldn’t consider it. Below are the transfer rates if you hold a Strata Premier or Strata Elite card.

Program	Transfer From	Points Worth (TPC Valuations) in CPP	Transfer Value
Accor Live Limited	Citi Thank You (2:1)	2.0	1.0
Choice Privileges	Citi Thank You (2:3)	0.6	0.9
Leading Hotels of the World	Citi Thank You (5:1)	8	1.6
I Prefer	Citi Thank You (1:2)	0.5	1
Wyndham	Citi Thank You (1:1)	0.7	0.7

Actually with Citi, the transfer ratios are decent. With Accor and I Prefer, points transferred are worth a cent per point. With Leading Hotels of the World the value you get from a transferred Thank You point is 1.6 cents. That’s pretty good, unfortunately, it’s a small program with really expensive hotel rooms. If you want a really unique hotel stay, this is a good use of Citi Thank You Points.

Chase Ultimate Rewards

On the Chase Travel Portal, Chase Ultimate Rewards are worth 1 cent per point for hotels. On the portal, a points boost can yield up to 2x on hotels, however, that is up to Chase to determine what multiple you receive. For this discussion, we will assume no points boost.

Chase Ultimate Rewards has four transfer partners: Hyatt, IHG, Marriott Bonvoy, and Wyndham. Thanks to a new change in the Chase Sapphire Preferred, points are transferred at different rates depending on which card you hold.

Program	Transfer From	Points Worth (TPC Valuations) in CPP	Transfer Value
Wyndham	Chase Ultimate Rewards (1:1)	0.7	0.7
Marriott Bonvoy	Chase Ultimate Rewards (1:1)	0.8	0.8
IHG Rewards	Chase UR (1:1)	0.55	0.55
World of Hyatt	Chase UR w Sapphire Preferred (4:3)	1.55	1.16
World of Hyatt	Chase UR w/ Sapphire Reserve (1:1)	1.55	1.55

When transferring to Wyndham, Marriott Bonvoy, or IHG, you will get, on average, less than one cent per point. If you have the Sapphire Preferred, you will get slightly above 1 cent per point and with the Sapphire Reserve you will get over 1.5 cents per point, on average.

Always Check the Hotel Program First

The value of these points, with the exception of ALL Accor, are not set. Accor points are worth 2 Euro cents per point, meaning that a €200 per night hotel will always be 10,000 ALL Accor points. For the other hotel programs, the number of points per night to book a hotel could vary wildly. If you have a hotel in mind, check the hotel program’s website or app and see how many points they are charging. Then compare it with a travel portal and see which one will cost less in points.

Check for Transfer Bonuses

All of the math that I’ve included above does not include transfer bonuses. Hotel programs frequently offer transfer bonuses, that allow you to move points at a higher transfer rate and boost the value of your transferrable points. They change constantly, but a great resources is to use Frequent Miler’s Current Transfer Bonus page to quickly check for a transfer bonus before you book that hotel.

Where to Earn Points

If we ignore transfer partners for a second and assume you will only redeem your points through the travel portal for hotels, then it does become important where you earn them. At 0.7 cents per point for hotels through the American Express Travel Portal, I wouldn’t even bother earning Amex points for hotel stays. Capital One, Citibank, and Chase all offer redemptions at 1 cent per point, which isn’t too bad; however, Chase occasionally offers a points boost, and I would lean toward earning Chase points because of that. Bilt has them all beat with a redemption rate of 1.25 cents per point, so all things being equal, I would lean toward earning Bilt points when possible.

Conclusion

By default, I always lean toward transferring points to a hotel or airline program. I always assumed that I would get a better deal when doing it that way. Over time, I started to really narrow down that focus, and I found myself only looking at Hyatt properties when I was trying to transfer points from a transferable points program, because most other programs provided such weak value for those points.

Unfortunately, Hyatt appears to be hell-bent on devaluing their points, and since their changes to their award chart earlier this year, the value of Hyatt points has fallen from 1.7 cents per point to 1.55. I actually think it will continue to fall for the rest of this year, and then level off. To make matters worse, the transfer ratio from the popular Chase Sapphire Preferred card has fallen from 1:1 to 4:3. This makes these points barely better than going through the Chase Travel Portal.

Of the examples that I went through here, American Express Membership Rewards points are the worst for using on hotels. Their portal only gets 0.7 cents per point for hotels, and transferring points to their partners is a bad value as well.

Capital One, Citibank, and Chase all allow 1 cent per point redemptions on their travel portal, but other than a few examples, you can’t do much better than that. Capital One and Citibank get 1 cent per point to All Accor and I Prefer. Citi Thank You Points does better at 1.6 cents per point to Leading Hotels of the World, and Chase gets either 1.16 cents per point or 1.55 cents per point to Hyatt. Of those, Hyatt is the only one of those programs that isn’t pretty niche.

Bilt is slightly different. They offer 1.25 cents per point through their travel portal, and they only beat that with 1.5 cents per point to All Accor (again, pretty niche) and 1.55 cents per point to Hyatt. Bilt, in my opinion, is the clearly the best way to earn points for hotel programs, and if that’s your goal, I would earn as many Bilt points as possible.

At the end of the day, with only a few exceptions, you’ll do better booking through the transfer portals than transferring points. There is an advantage to booking directly through the hotel programs, in that if you do, it should be easier to deal with any issues that arise, since you will be dealing directly with that hotel program and not a third-party booking site. Also, not all programs will allow you to earn elite nights or use your elite benefits when you book through a third-party platform. If that is important to you, you may wish to use more points and transfer your points to the hotel program to book there.

But all things being equal, if you are someone who doesn’t stay enough in hotels to earn elite benefits or status and you just want the most economical way to book hotels using points, you’re probably better off booking through a travel portal. That is unfortunate, in my opinion. I would really like to see these banks work with hotel programs to boost the value of these points, because the value of transferrable points when transferring to hotel programs is laughably low.

Impact of the Chase Sapphire Preferred Refresh on Travel Rewards

Posted on June 11, 2026 by David Cox

On June 10th, 2026, Chase announced changes to the Chase Sapphire Preferred card that will go into effect on June 15th. Some of these changes were positive, improving earning rates on the card and increasing the value of the annual hotel credit. Unfortunately, one negative change could affect how people view Chase Ultimate Rewards and ultimately Chase Bank as a whole.

Chase Ultimate Rewards was the Standard

Chase has a special place in the hearts and minds of travel hackers. Starting in 2009, Chase launched the Chase Sapphire Preferred card, which introduced Ultimate Rewards points and allowed the transfer of those points to airline and hotel partners. Chase became a favorite because the earning rates on Chase Cards were lucrative and the transfer partners were great.

Before Chase Ultimate Rewards, Amex had Membership Rewards points. Later, Citibank introduced its own transferable points program, Citi Thank You Points, and Capital One created Venture Miles. Competition in the travel rewards space was fierce, but Chase kept one major advantage: 1-to-1 transfers to the most valuable hotel point program, World of Hyatt. It was such a strong partnership that people often referred to their Chase points as Hyatt points.

World of Hyatt Devalues and Transfer Ratio Changes

Earlier this year, Hyatt announced changes to its award chart that went from a 3-tier system to a 5-tier system. Essentially, each hotel now has 5 different prices they can charge in points for a stay, depending on the date. It allows the hotel more flexibility for what they can charge, in points, for award nights. On the surface, that seems reasonable, but the fear was that this would reduce the value of points because hotels would begin increasing the number of points required to book an award night.

These changes haven’t been in effect very long, but in the short amount of time it has been in effect, The Points Guy has dropped the value of Hyatt points from 1.7 cents per point to 1.55 cents per point, based on data collected from Gondola. It’s likely, in my opinion, that the value will continue to drop for a few more months before it levels off. How low it goes is really up to Hyatt at this point.

To complicate the issue with Hyatt’s devaluation, Chase has decided, with the new Sapphire Preferred changes, to change the transfer ratio from 1-to-1 to 4-to-3. What this means is that if you transferred 100,000 Chase Ultimate Rewards before the changes, you would end up with 100,000 Hyatt points. After the change, 100,000 Ultimate Reward points become 75,000 Hyatt points.

With the value of the points going down, what would have been $1,700 of Hyatt points (100,000 Hyatt points @ 1.7 cents per point) now is only $1,162.50 in Hyatt points (75,000 Hyatt points @ 1.55 cents per point). That’s basically like getting 1.16 cents per point on your Chase Ultimate Rewards points, which is barely better than just booking directly with the Chase Travel portal. If the value of Hyatt points falls further, there would be no reason to transfer at all.

Earning Rates Increase

One of the bright spots with the changes is that the earning rates in a couple of categories increased. The earnings at gas and EV charging stations rose from 1X to 3X. That can be significant if you spend a lot in those categories.

Another change is that you will now earn 3X on vacation rentals like VRBO and Airbnb. I really like this, because we prefer to stay in vacation rentals when we travel, and they can be a significant expense. Earning 3X would be a nice boost to our point totals.

Hotel Credit Increase

The Chase Sapphire Preferred Card had a $50 per year credit when booking a hotel through the Chase Travel Portal. Starting on June 15th, that credit will be $100. We’ve actually never used this credit, mainly because it was so small that we never considered using it. A $100 credit makes it something I might actually use, especially considering that you can combine the $100 credit with Ultimate Reward points at checkout. That means that a $200 hotel stay could be only 10,000 Ultimate Reward points after the credit, perhaps less if a points boost is attached.

Other Changes

Travel protections now include Emergency Evacuation and Transportation coverage. In addition, a $120, once every 4-year Global Entry, TSA PreCheck, or NEXUS credit has been added. A promotional complimentary 1-year Apple TV credit has been added as well. On the negative side, the 10% Anniversary Bonus benefit is being discontinued, which, frankly, never generated many points anyway.

Bottom Line

For me, this actually looks like a significant improvement. I think I might actually switch my gas charges to this card, as well as my Airbnb charges. I was using the Wyndham Business Earner card for 8X on gas, but I’m just not seeing tremendous uses for Wyndham points, so I think I’d rather earn Ultimate Reward points.

The change in the hotel credit from $50 to $100 means that I might actually use it. We’ve held at least one Sapphire Preferred card for years, and we’ve never actually used the credit. Knowing that I can use the credit for a short stay, especially if it’s a one-night hotel stay on a positioning flight or on a road trip, makes this extremely worthwhile.

Where this hurts is for people who racked up a ton of Chase Ultimate Reward points, transferred all of them to Hyatt, and redeemed those points for high-end hotels and all-inclusive resorts. This almost forces those people to pay the $795 annual fee for the Chase Sapphire Reserve, because that card maintains a 1-to-1 transfer ratio to Hyatt. Unfortunately, even that doesn’t guarantee that Hyatt points won’t continue to devalue.

In the end, I think a lot of people will look at this and think that maybe they’re better off focusing on other hotel programs. If you were someone who put significant spending on Chase cards to earn points to transfer to Hyatt, you might give up on Chase altogether, after all, it’s not clear what the value of Hyatt points will be in 6 months to a year.

For people who love Hyatt, they might choose, instead, to get a Bilt card. Bilt still transfers its points 1-to-1 to Hyatt. Depending on which card they get and what categories they spend their money in, people might be better off earning points in Bilt and transferring to Hyatt.

All in all, while the changes to the Chase Sapphire Preferred will work better for me, I think it’s a significant risk that Chase is taking. The transfer partnership with Hyatt was a major selling point for Chase, and now, it just looks rather ordinary. For those people who loved the Hyatt program and its relationship with Chase, this is a huge disappointment and is likely to change the spending behavior of those Chase customers.

Points Check May 2026

Posted on June 10, 2026June 10, 2026 by David Cox

For the first time in about four years, we aren’t doing any traveling, and we’re not really planning any trips either. It’s a bit of a strange feeling. I’ve been at least partially focused on travel for a long time, but it’s just not important right now. Instead, we have been helping our daughter look for a house, and our son look for a college. In addition, I’ve been working on a house project that has been taking way more time than it should.

That being said, it’s not lost on us that once Alex leaves for college and Emma moves out of the house, Jenn and I will have more freedom to travel, because we won’t have to work around their schedules nearly as much. That means that right now, we should be accumulating and hoarding points while our lives are not focused on traveling.

Next summer, we will be taking Alex’s graduation trip. We did this for Emma when she graduated, and while she didn’t really plan the trip, we did allow her to guide where we went. Alex has suggested Iceland and Finland, and frankly, it’s likely to be Iceland OR Finland, with some time in Southern Europe, depending on what works with points. Finland and Iceland aren’t exactly cheap, so 10 or so days in hotels or Airbnbs in Northern Europe could get pretty expensive, not to mention the cost of food. Spending some time in Southern Europe could really cut down on the price of food and lodging.

Programs to Focus On

When thinking of traveling to Europe, I normally think of a few programs. In the few trips we’ve made to Europe, we’ve used Aer Lingus, Iberia, and British Airways with Avios, as well as KLM using Flying Blue miles. We’ve also used American Airlines AAdvantage, United Miles, and Delta Skymiles. In addition, we’ve flown on United using Singapore Airlines miles and SAS using Avianca Lifemiles. Basically, I’ll use anything if it makes sense.

The thing is, when I look at our points totals, I see a lot of programs without a ton of points in any specific program. Considering where we currently have the most points, it probably makes sense to beef up point totals where we already have a decent number of points to make sure that we have enough points to book everyone at the same time.

One choice is to book with Aer Lingus, Iberia, or British Airways with Avios. We only have a little over 80,000 points. That can be bumped up with our Amex Membership Rewards points, Chase Membership Rewards Points, Citi Thank You points, Bilt Points, or Capital One Venture Miles. We’ve had good luck with American Airlines, so earning American Airlines miles would be great, but we can only transfer from Citi Thank You points. United might also work, and we can transfer from Chase or Bilt to add to our United points total. Alaska Airlines Atmos miles has some inexpensive partner awards to Europe, but they only transfer from Bilt.

Because we would most likely be using Avios miles, Atmos miles, AAdvantage Miles, or United Miles, it makes sense to try our best to gain miles with signup bonuses that are either with one of those airlines or with Bilt, Chase, or Citi Thank You. Bilt doesn’t have many good opportunities to earn signup bonuses, so focusing on Chase or Citi makes sense.

In reality, my plan is to try to jump on any elevated signup bonuses that align with these programs. Unfortunately, right now, I’m not seeing anything that seems to be elevated, so I’m waiting for something to change. I can’t be patient forever, though. Right now, we aren’t working on a signup bonus on anything, and that does feel a little like we’re wasting time, so the longer we wait, the less patient I’ll probably be.

Schrodinger’s Wyndham Points

Jenn’s Wyndham Business Earner card has renewed again, which essentially means that we got 15,000 Wyndham points in exchange for paying the $95 annual fee. 15,000 Wyndham points are worth around $105, so that’s not terrible, but with Wyndham not partnering with Vacasa anymore, I’m not nearly as excited to use those points. It’s possible to book a Wyndham Vacation Club stay with points, but the availability is greatly limited, and the locations don’t thrill me.

Most likely, we will try to use Wyndham points on one of their all-inclusive properties, which look okay, but not spectacular. Typically, at all-inclusives, we just want to hang out at the beach and the pool and have a few drinks, so they’ll probably be fine for us. We’re going to have to book one and find out. Until we try out their all-inclusive resorts, I won’t have any idea whether we want Wyndham points going forward.

On to the Points Check

We earned a whopping 9.2% back on our spending not devoted to a signup bonus. Some of that was due to a 3,000 Membership Rewards Points bonus that was an Amex offer on my Amex Green card, which said that we would earn 1,000 points for a $40 order with Amazon. We needed to order something that was $150, and shockingly, they gave us 3,000 points. Apparently, I didn’t read the offer properly because they seemed to give me 1,000 points for each $40, and I’m not sure what the maximum was.

Card Used	Spend	Points Earned	Point Value	Points Per $	Return on Spend
Ink Cash	$744	3,724	$76.34	5.0	10.3%
Bilt Palladium	$483	2,477	$54.49	5.1	11.3%
Custom Cash	$481	2,338	$44.42	4.9	9.2%
Wyndham Business Earner	$396	1,981	$13.87	5.0	3.3%
Amex Gold	$311	475	$9.50	1.5	3.1%
Blue Business Plus	$186	372	$7.44	2.0	4.0%
Ink Unlimited	$183	275	$5.50	1.5	3.0%
Amex Green	$150	3,150	$63	21.0	42.0%
Chase Sapphire	$146	438	$9.45	3.0	6.2%
Total	$3,080	15,230	$283.54	4.9	9.2%

This month’s spending not devoted to earning a signup bonus

Besides the money spent on the above cards, Jenn spent a little over $2,700 on her Atmos Ascent card and earned a little less than 2,800 Atmos points. She also completed the required spend to collect the 70,000 Atmos point bonus on that card. That leaves us with:

260,300 Chase Ultimate Rewards Points
230,400 IHG Points
156,600 Alaska/Hawaiian Airlines Atmos Miles
121,700 Wyndham Points
93,800 Amex Membership Rewards Points
92,600 American Airlines Miles
81,800 Avios
75,200 Bilt Points
24,700 Citi Thank You Points
19,300 United Miles
15,900 Marriott Bonvoy Points
1,500 Delta Miles
300 Hyatt Points
$133 Cash Back

According to the valuations published by The Points Guy, these points are worth a total of just under $16,800. That is an all-time high for us. Without any plans coming up, I expect that we should be able to pad these numbers for a few months, until we need to start booking Alex’s graduation trip. Until then, I have a project to finish and a kid to get to some college visits.

Points Check March 2026

Posted on April 27, 2026May 23, 2026 by David Cox

March in the Midwest can be frustrating. The winter is long, and we all begin to hope that winter is officially over. A couple of warm days early in the month marked what we call “False Spring” which raised our hopes. This was, of course, followed by an ill-timed blizzard which affected our Spring Break trip to Tenerife.

We saw the blizzard forming in the weather forecast for a week or so prior to the flight and ended up making some not ideal decisions with our points to save the vacation. Making these changes was more difficult than it should have been and cost us quite a few points. In retrospect, maybe I would have done things differently, but those last-minute decisions meant that we were able to save the vacation.

On the trip, itself, we explored London for a couple of days, then Tenerife for five days, and Madrid for one day. I wasn’t excited about London, but we had a great time, and I hope we get a chance to have another stopover there and explore other neighborhoods, since it’s such a large and diverse metropolitan area.

This was also our second stop in Madrid, and we didn’t enjoy it the first time, but this time it was great. Madrid, like London, is huge, and it’s really important to choose your neighborhood carefully. The first time, we stayed in Salamanca, an upscale part of Madrid, which wasn’t really our thing. This time we stayed near Plaza Mayor in Centro, and it was fantastic. The energy of the city, the crowds of pedestrians, and the amazing food scene all combined to make for an exciting stay in Madrid. Now I understand why people love Madrid so much.

What Those Flight Changes Cost Us

In order to avoid our flight being canceled and us missing at least the beginning of the trip, we canceled our American Airlines flight to London and received 19,000 AAdvantage miles each back, for a total of 57,000. Emma had her own miles, and she got her 19,000 AAdvantage miles returned to her account as well. Unfortunately for us, we had to book her on the United flight we took, because she wasn’t able to.

We used 65,000 American Express Membership Rewards points transferred to Singapore to book the two flights for Emma and Jenn, and 76,000 Chase Ultimate Reward Points to transfer to United to book the flights for Alex and me. 57,000 American Airlines miles back definitely does not make up for those transfers, but at least we were able to make the trip, and the flight arrived 5 hours earlier than the American flight would have arrived, so we got more time in London. Emma was the big winner, though, getting all her points back without having to use any other miles.

Bilt Palladium Bonus

Jenn completed the spending necessary to earn the signup bonus on her Bilt Palladium Card. This card will be our go-to card for most things going forward, when not working on a signup bonus. Because we are able to essentially earn 4x on the first of the month, 2x the rest of the month, with an additional 1x with the points accelerator and an additional 1x when running our mortgage through their ACH processor, we will probably earn around 3X on everything when we are using that card. Since those points transfer now to an eye-popping 25 transfer partners, it won’t be difficult to find good uses for those points.

Bilt Tax Payment Blunder

We’ve used tax payments in the past to help us quickly earn a signup bonus. Typically, the math doesn’t work out when paying your taxes by credit card, because you would earn 1X on most cards while paying around a 2% fee. Some cards earn 2X, which means that you would essentially be earning 1 point for every cent you paid for the processing fee. That’s not terrible, and depending on the type of points, you might want to do that.

My daughter had about a $1,000 to pay to Uncle Sam, and we said we’d process it on our Bilt card, thinking that we would get the 2X on all charges, plus the 1X on the points accelerator, as well as move us closer to getting the signup bonus. Unfortunately, I didn’t read the fine print, because tax payments aren’t eligible to earn points, and it doesn’t count toward the signup bonus either. Essentially, because I wasn’t paying attention to the details, we paid 2% on the transaction and got absolutely nothing for it. Not great – don’t use your Bilt Card for tax payments!

On to the Points Check!

Most of the spending not devoted to signup bonuses was recurring payments, except for what we spent on Jenn’s Amex Gold card. That card has become the default for our son, who is an authorized user, to use when we need him to pick something up for us or when he needs something. I don’t imagine all of that is from him, but the fact that we only earned 1.4 points per $ spent on that means it wasn’t being used on groceries or dining very much (where it earns 4x).

Card Used	Spend	Points Earned	Point Value	Points Per $	Return on Spend
Amex Gold	$653	898	$17.96	1.4	2.8%
Wyndham Business Earner	$353	1,764	$19.40	5.0	5.5%
Ink Cash	$344	1,719	$35.24	5.0	10.3%
Blue Business Plus	$68	136	$2.72	2.0	4.0%
Total	$1,418	4,517	$75.32	3.2	5.3%

This month’s spending not devoted to earning a signup bonus

Aside from the spend not devoted to signup bonuses, I spent a little less than $1,900 on my Iberia Visa Signature card, earning a little over 2,000 Avios. Jenn spent a little over $4,000 on her Bilt Palladium Card and earned over 9,700 Bilt points as well as the 50,000-point signup bonus. Overall, our spending was pretty high, but not surprising with a trip and our daughter’s tax payment thrown in there.

All of this left us with:

252,800 Chase Ultimate Reward Points
229,900 IHG Points
102,900 Wyndham Points
88,900 Amex Membership Rewards Points
92,600 American Airlines Miles
79,400 Alaska Miles
64,300 Bilt Points
19,700 Citi Thank You Points
16,700 United Miles
15,900 Marriott Bonvoy Points
3,600 Avios
1,500 Delta Miles
300 Hyatt Points
$133 Cash Back

According to the valuations by The Points Guy, the total value of points and miles is $13,000. This is a significant drop from the $15,300 last month and is almost exclusively because we had to change our travel plans at the last minute, and that’s even after getting a bonus from Bilt. I had planned to be a little less aggressive this year with signup bonuses, but with a big trip planned for next summer, that may not be an option. We’re going to have to get some points banked in order to do what we have planned.

How American Airlines Turned a Simple Request into a Giant Headache

Posted on April 4, 2026April 26, 2026 by David Cox

We’d had this trip planned for months. A sunny few days in Tenerife with a two-day stop in London at the beginning and a one-day stop in Madrid at the end.

The long-haul flights from Moline to London and Madrid to Moline were on American Airlines and booked with AA miles. We got a tremendous deal on the flights from Moline to London for 19,000 AA miles and $5.60 each, for four people. The flight home was a good but not great price, costing 34,000 AAdvantage Miles and $50 each. We also booked award flights on British Airways from London to Tenerife and Tenerife to Madrid on Iberia Airlines.

Everything looked great, and we were ready to go, but a couple of months prior, American Airlines had moved the first leg of our flight to London forward two hours which meant that the comfortable 3 hour layover in Chicago was now a nerve racking hour and seven minute layover.

Jenn and I considered moving our first leg of the flight to an earlier flight, but that would have left us with a six hour layover in Chicago and we thought “you know, let’s just trust the airline this time, as long as the weather is fine, that’s an easy enough connection.”

The Weather Was, in Fact, Not Fine

We live in the Midwest. We know better. There is no such thing as “fine” weather, especially in March. It’s 5 degrees one day, 70 degrees the next. It’s also constantly rainy, windy, and occasionally, we get the dreaded March blizzard.

About a week before our trip, our local meteorologist started talking about a storm coming up. He was predicting strong winds and maybe an inch of snow. As the week progressed, the forecast progressively got worse, and we were looking at the prospect of attempting to fly out of our local airport with sideways snow accumulating in the 5 to 8 inch range.

Moline does not have a great reputation for on-time flights, so our 1-hour layover now looked impossible. We needed options. What I was hoping for was either a longer layover or a different route that got us around the storm. I searched every way I could think of and couldn’t come up with a good alternative.

I took about a day to try to figure something out and the forecast kept getting worse, so we finally thought “what if we drove to Chicago the day before and just took the Moline to Chicago legs off of our flights?” That way, no matter what, we wouldn’t miss the flight from Chicago to London. Sounds great, but we’ll have to call American Airlines to do that.

We called and they answered the phone almost immediately. We explained the situation to the customer service representative. She responded that she could rebook us from Chicago to London, and that would cost 30,000 points.

Wait – what? I’m going to give you 4 seats back, that you can sell, or potentially use for other passengers who might be impacted by the storm, and you want me to pay an additional 11,000 AAdvantage miles per person to do it?

I barely had enough points to do it, but that also means that I would have to change our flights back since my truck would be in Chicago, and we definitely didn’t have enough AAdvantage miles to change both. I knew we could skiplag on the way home and just get off in Chicago, but it’s frowned upon, and I didn’t want to piss off American Airlines.

We talked about it and decided that, since we were willing to drive to Chicago, we should look into whether we could get flights from Chicago to London on United Airlines. Jenn checked the United app and saw that saver-level fares were available for a little over 38,000 United miles. That’s great, but I knew if there were saver-level fares available on United, then they might be available on Singapore Airlines as a partner award. I preferred to use Singapore Airlines to book, because they generally have cheaper prices on United flights to Europe and they have a lot of transfer partners.

The Singapore Airlines Nominee Problem

I checked the Singapore Airlines website and, sure enough, there were the same flights available for only 32,500 Singapore Miles instead of 38,000 United miles. Great – we then transferred 130,000 miles from American Express Membership Rewards to Singapore to book the flights. I then tried to book the flights and ran into a problem. It was Jenn’s Singapore Airlines account, and I could add Emma and Jenn, but there wasn’t any way to add me and Alex.

It was strange. Why could I only choose from a dropdown instead of just filling out the passenger information? Jenn called customer service, and they said that we needed to add “nominees” (Emma was already a nominee for Jenn’s account because they booked a trip together last summer using Singapore). Ok, fine, it’s weird they do it that way, but sure. Jenn added Alex and me to the nominees and then tried again to book it. She still couldn’t choose us. Jenn called back to customer service, and they told her that she couldn’t add nominees for flights within 72 hours – we were looking at a flight 52 hours in the future. You’ve got to be kidding me.

At this point, I was getting pretty frustrated, but we decided to book Emma and Jenn using Singapore Airlines, since we had already transferred the points, and Alex and I would have to book the same flights using United miles.

The United Mileage Pool Problem

We’ve had around 13,000 United miles in a family pool for a while now. We needed a total of 76,000 miles to book Alex and me on the same flight to London that Jenn and Emma were now on. So I transferred 63,000 Chase Ultimate Reward points to United and then added them to the family pool.

Now I just needed to book the flight. I chose the flight and then went to check out and got the error “You do not have enough miles to book this flight.” What? Why? I poked around for a while, and it said that pooled miles were not available for this flight. I’m sorry, what? No explanation as to why, just that I couldn’t use the miles for this flight, and a link to the terms and conditions so I could sift through all of the carefully written legal language for the rule that applied in this case.

I was at the end of my rope; I just needed to get this flight booked. I was frustrated because I had moved points over to the family pool, and I wasn’t sure if I could get them out of the pool to use them immediately, and I had already stranded 65,000 Amex Ultimate Reward points on Singapore Airlines since Alex and I weren’t nominees on Jenn’s account.

I did some searching and found out that I could reverse a move to a points pool within 24 hours, so I reversed the move and transferred an additional 13,000 Chase Ultimate Reward Points to United, which gave me enough points outside of the points pool to book the flight.

Frustrations with Loyalty Programs

At the end of all of this, I was frustrated, angry, and frankly disappointed in each of these loyalty programs. Every problem I experienced trying to fix a problem with the weather was created by an unnecessary rule. For most of these, I don’t even understand why the rule exists in the first place, let alone why you would put your customers (and customer service representatives) through this.

American Airlines – Dynamic Pricing Demands More Flexible Customer Service

For American Airlines, you put out a travel alert for our flight. You knew the weather was going to be bad. When we explained to the customer service representative what we were attempting to do and why, she completely understood. She talked to her supervisor to explain the situation, but still couldn’t do anything about it without having to rebook.

If you are going to have dynamic pricing, then you cannot expect people to rebook at higher prices later if there is a weather emergency. It would be one thing if we decided that we wanted to change our flights and there were no weather issues, but that wasn’t the case. You declared a travel alert, but then were too narrow in what we could do to address the weather issues. And we weren’t even trying to get on a flight that we hadn’t booked – we just didn’t want to take one of the legs of the flight. We couldn’t have made it easier on you. They still couldn’t accommodate the simplest of requests.

Singapore Airlines – The Nominee System is Terrible

For Singapore Airlines, what are you doing with this nominee system? This is utterly insane. I understand that you are probably trying to prevent people from selling your points, but if the account holder is literally flying on the same flight, then they’re not selling points, they’re just trying to get their family or friends on the same flight that they are on.

The nominee system is a complete waste of your IT staff and your customer service staff’s time. Just allow people to type in the information of the people who will be on the flight, like everyone else does. Also, if you are going to force a nominee system, then why in the world would you not allow someone to book within 72 hours? It makes no sense, and this is just an unnecessary rule that you are forcing your customer service representatives to know, explain, and enforce, while undoubtedly pissing off your customers.

United Airlines – Make Points Pooling Instantaneous

For United Airlines, can you make the points pooling useful? Making me wait 24 hours after pooling points is asinine. Like American Airlines, you use dynamic pricing, so if I move a certain number of points over to the points pool, there is no guarantee the price of that flight will be the same the next day. What if I move enough points over today and the price jumps by 5,000 points tomorrow, and then I move another 5,000 points, and then it changes the next day? You can’t have dynamic pricing and not allow me to use points immediately; that’s just going to lead to frustration, anger, and uncomfortable phone calls for your employees.

In addition, it would be nice if you could explain why I couldn’t use pooled points on a flight in the error and maybe tell me what I could do about it instead of just linking the terms and conditions. I literally didn’t know why I wasn’t able to book that flight until a week later when I had the time to really look into it.

We Saved the Trip

At the end of the day, we were able to make it work. The original flight from Moline to Chicago that we were trying to avoid got canceled, so had we not changed our plans, we would have been at the mercy of American Airlines to get us to London, at best, a day late. The issue with Singapore Airlines meant that we had 65,000 Amex Membership Rewards points stranded there, and the clock is ticking, since they now expire in 3 years.

I tried to rebook the flight from Madrid to Moline to Madrid to Chicago, but there weren’t really any available seats anywhere to make that work. We ended up having to skiplag the Chicago to Moline portion because, as we found out, there is no point in calling American Airlines customer service to let them know we won’t be using the last leg. I hated doing that, but we really had no options.

On the bright side, we landed in London about 4 hours earlier than we would have on the American Airlines flight, and every other part of the trip was the same. Having points in multiple programs allowed us to move around what we needed to and book a workable flight. As frustrating as all of this was, it was less frustrating than being stuck because of the snowstorm and missing out on a portion, or all, of our vacation. I’ve heard this many times, and it turned out to be true – always be proactive when you are traveling, and make sure that you stay out in front of any issues, especially weather problems.

Points Check February 2026

Posted on March 8, 2026June 10, 2026 by David Cox

February in Iowa is brutal. It’s been cold and dark. Midwestern winters are primarily about survival. You just go inside and stay. Most people binge-watch TV shows under a heated blanket. We’re not big television watchers, so we’ve been spending an unhealthy amount of time in breweries, where the Quad Cities excels in both quantity and quality. Illnesses are running rampant, as Iowans have been breathing the same indoor stale air since November. At this point, we’re all just dreaming of going outside for anything.

Because of all of this, if you go anywhere to Florida, Arizona, or the Caribbean during March or April, you will run into dozens of folks from the Midwest, in our annual desperate attempt to bookend the hellscape that is Midwestern winter. Spring break isn’t an annual tradition; it is the only thing that keeps us from tying a brick to our legs and jumping into an icy lake in the winter. WE NEED THIS!

For the last three years, we’ve planned unusual Spring Breaks. Frankly, we’ve done Florida, and I just can’t do it anymore. I don’t want to share a beach with obnoxious, drunken college students. Because of that, our Spring Breaks have been a little different lately. Two years ago, we went to Costa Rica and spent time hiking in the mountains, lying on the beach, and enjoying Costa Rican culture. Last year, we spent six days hiking the Portuguese route of the Camino de Santiago. This year, we will visit the Canary Islands, specifically Tenerife Island, which is part of Spain, but off the coast of Africa. This will give us a beach vacation, but without the crowds of Florida and the Caribbean. We will also be stopping in London and Madrid as part of this trip.

Spring Break couldn’t come soon enough, because we are starting to lose our minds here, and it’s time for us to go outside and get some vitamin D.

Atmos Awards Ascent Visa Card

We said we weren’t going to do this. We were going to take it easy and sign up for fewer cards this year, but alas, Jenn signed up for the Atmos Awards Ascent Visa Signature card. This is while I’m working on a signup bonus for my Iberia Plus card, and Jenn is working on a signup bonus on her Bilt Palladium Card.

There was a valid reason for this: Jenn wants to plan a girls’ trip with her and Emma to celebrate Emma turning 21 and is considering options in the Northwest, including Seattle, San Francisco, or Portland. Atmos miles would work really well for any of those destinations, and now that she earns Bilt points, she has a way to top off the account by transferring Bilt points to Atmos. It’s always a good idea to pair a hotel or airline card with a transferable points card to have some flexibility and top off an account. Having the Bilt card makes the Atmos card more attractive.

The Atmos Awards Ascent Visa Card has a $95 annual fee and earns 3X on Alaska Airlines purchases, 2X on Gas, EV charging, transit, rideshare, cable, and streaming services, and 1X on all other purchases. If you spend $6,000 in a year, you will earn the companion fare, which allows you to book a companion flight for $99 plus taxes.

The current bonus for this card is 70,000 points when the cardholder spends $4,000 over the first 90 days. The Atmos Awards program is known for strong partner booking rates. Short-haul domestic flights on American Airlines typically cost 4,500 points, and I see many routes to Europe for 27,500 points with minimal fuel surcharges. Having a few more Atmos miles will be a good thing to have around.

UK Electronic Travel Authorization

Since 2025, the UK has required an electronic travel authorization to enter the UK from the United States. This is to enhance their border protection. Each application costs 16 British pounds and, if approved, is good for two years. On their website, they say to allow up to three business days to process the application, so you need to plan ahead.

This will be our first trip to England, and while I’m not happy about the fact that I have to pay for four authorizations costing a total of $90, we went through the process and found it to be fairly easy. We used the phone app to apply, and I think that might be the reason. Using an iPhone, it was able to scan our faces, scan our passports, and take photos of us and our passports. Scanning the passport was interesting; apparently, there is a chip in the back cover of your passport, and it was able to read it through the phone.

Anyway, this process took just a few minutes, and we were approved immediately. There is an option to apply online, and I assume that you would not be able to scan the passport or your face, and maybe when you apply that way it takes them longer to verify the information. That might be why we were approved instantaneously and they say to allow three business days. So if you do have an emergency trip to the UK, I would use the app, I think that will give you a better chance of instantaneous approval.

On to the Points Check

We spent around $2,500 on cards not earning a bonus, earning less than 5% return on that spend. That’s below where I want to be. I want to shift as much of this to the Bilt Palladium card over time, since that has solid earnings on all spend. I’m going to continue to keep utilities on the Wyndham Business Earner card since it earns 5X on utilities, and I’ll keep our phone bill and streaming services on the Ink Cash since it earns 5X on that spending. But other than that, most of this would be better spent on the Bilt Palladium Card.

Card Used	Spend	Points Earned	Point Value	Points Per $	Return on Spend
Amex Gold	$1,333	2,619	$52.38	2.0	3.9%
Sapphire Preferred	$508	772	$15.83	1.5	3.1%
Ink Cash	$441	2,204	$45.18	5.0	10.3%
Ink Unlimited	$101	153	$3.01	1.5	3.0%
Wyndham Business Earner	$84	420	$4.62	5.0	5.5%
Blue Business Plus	$66	132	$2.64	2.0	4.0%
Total	$2,533	6,300	$123.71	2.5	4.9%

This month’s spending not devoted to earning a signup bonus

Aside from the spending above, I spent a little over $1,600 on my Iberia Plus card, earning 1,600 Avios, and Jenn spent a little over $1,600 on her Bilt Palladium card, earning almost 4,600 Bilt Points. We used $200 in Bilt Cash to activate the Points Accelerator, which adds an additional 1 point per dollar spent on the next $5,000 in spend. That essentially makes the Palladium Card a 3X anywhere card.

That leaves us with a total of:

327,000 Chase Ultimate Reward Points
247,300 IHG Points
175,800 Amex Membership Rewards Points
101,200 Wyndham Points
79,400 Alaska Miles
33,900 American Airlines Miles
19,300 Citi Thank You Points
16,700 United Miles
15,900 Marriott Bonvoy Points
4,600 Bilt Points
1,600 Avios
1,500 Delta Miles
300 Hyatt Points
$133 Cash Back

All of this, using the points valuations published by The Points Guy, is worth a total of $15,300. That’s the highest it’s been in a while, which is great, but right now I’m a little more focused on getting out of this winter hellscape and getting to a beach. I can’t wait to get to Tenerife.

The Bilt Blue Card is Disappointing, But is Still a Good Option

Posted on January 24, 2026 by David Cox

On January 14th, 2026, Bilt released the details on the three credit cards that were replacing the original Bilt credit card. The original Bilt card was issued by Wells Fargo and it was widely reported that it was a significant money loser for them. These three new cards are issued by Cardless, and are intended to be a profitable way for the Bilt Program to issue credit cards.

The Five Banana Problem

The original Bilt credit card allowed users to earn one point per dollar when putting their rent on the credit card as long as they used their card five other times per month. The intention was that Bilt would recoup the money lost from interchange fees (which landlords don’t pay but retailers do) by generating it back through interchange fees from other purchases. The problem was that many savvy users swiped the card for five small purchases each month (such as a single banana), which didn’t generate much revenue for Bilt. Therefore, the joke was that Bilt had a five-banana problem.

With the new credit cards, Bilt believes they have solved the five-banana problem by creating a second currency called Bilt Cash that is earned each time the user swipes the card on non-rent or mortgage purchases. That Bilt Cash can be used to unlock the points earned from rent or mortgage payments. It’s strangely complicated, but the short answer is that if you spend 75% of your mortgage payment on other things, you earn enough Bilt Cash to unlock your points. In other words, to get the 1,000 points earned from a $1,000 mortgage payment, you would need to use it for $750 worth of other spending. Five banana purchases won’t work anymore.

What is the Bilt Blue Card?

The Bilt Blue Card is a no-annual-fee credit card that earns 1X on all spend and 4X Bilt Cash on all purchases (mortgage and rent payments are not made on the card itself). It also earns 1X on all rent or mortgage payments, but requires 3% of the total transaction in Bilt Cash to unlock those points. In other words, you need $30 in Bilt Cash to unlock the points from a $1,000 mortgage or rent payment, and at the 4x rate to earn those points, you would earn $30 in Bilt Cash after $750 in purchases.

Technically, the 1X earned on housing spend is not on the credit card, since that is not allowed. The housing payments must be done by ACH or Venmo using the Bilt website. The old card allowed you to charge the rent to the card itself, and this change appears to be an effort to reduce costs and make the Bilt card profitable.

Yes – I get it – this is complicated, but the point is that you can earn valuable Bilt Points on your rent or mortgage as long as you are actively using that credit card for a significant amount of your monthly spend. This is unique because you cannot do this to earn Chase Ultimate Reward Points, Citi Thank You Points, Amex Membership Reward Points, or Capital One Venture Miles.

Transfer Partners

What is also unique about the Bilt Blue Card is that it is a no-annual fee that allows you to earn points that can be transferred to airline and hotel programs. Transfer programs are what really make Bilt Points valuable, and while Citi, Chase, Amex, and Capital One have transfer partners as well, most require a credit card with an annual fee to unlock the ability to transfer.

In addition, Bilt points are the most valuable of any of the major transferable currencies. That is because they have a ton of transfer partners, and some of the most coveted. On the airline side, Atmos rewards is a highly valued currency for its ability to book partner awards for not a lot of points. On the hotel side, you can transfer to Hyatt, whose points are extremely valuable. The complete list of transfer partners, as of January 2026 are:

Aer Lingus (1:1)
Air Canada (1:1)
Atmos Rewards (Hawaiian Airlines and Alaska Airlines) (1:1)
Avianca Lifemiles (1:1)
British Airways (1:1)
Cathay Pacific (1:1)
Emirates (1:1)
Etihad Guest (1:1)
Flying Blue (KLM and Air France) (1:1)
Iberia (1:1)
Japan Airlines (1:1)
Southwest Airlines (1:1)
Spirit Airlines (1:1)
Tap Portugal (1:1)
Turkish Airlines (1:1)
Qatar Airways (1:1)
United Airlines (1:1)
Virgin Red
All Accor Limitless (3:2)
Hilton (1:1)
Hyatt (1:1)
IHG (1:1)
Marriott Bonvoy (1:1)

Why are People Disappointed?

The old Bilt Card was a fantastic card, especially for young renters. For example, let’s say that you are a 25-year-old who is out of college and lives in a major city, but you’re not earning a big salary yet. In this example, let’s say that you are spending $2,500 per month on a small apartment and it’s a large chunk of your salary. With the old card, you would earn 2,500 Bilt points for simply putting your rent on the card and then swiping it 5 times throughout the month.

Now, to unlock the 2,500 Bilt points, you would need to spend $1,875 in other spending on the card. Even if you are putting your car insurance, cell phone, all utilities, your groceries, and all of your shopping and entertainment on the card, you might not reach that amount. So, for the person who spends a large portion of their income on rent, they’re not going to earn all of the points that they would have with the old card. In addition, the old card earned 3X on dining and 2X on travel, while the Blue Card is 1X on everything.

There is also the pesky problem with how Bilt changed the way that it allows you to pay rent. With the old card, you could actually use the card to pay your rent. This meant that you could essentially float your rent for 30 to 45 days by waiting until the credit card bill is due. With the new program, that is gone, and you have to pay by ACH, which saves Bilt money in interchange fees. In practice, this means that there are a whole bunch of people who are going to have to pay two rent payments in March as the last rent payment on the Bilt Card comes due, and they have to pay their rent with ACH simultaneously.

These changes are painful for people who had the old Bilt Card. I would argue, however, that if you forget about the old card for a second, the Bilt Blue Card is probably still the best option for this person.

Comparison to Venture Card

I think one of the best travel cards for someone in this situation is the Capital One Venture Card. That is because it earns 2x on all purchases and has only a $95 annual fee. It also has great transfer partners, although not as great as Bilt Points transfer partners. Let’s talk about the same person in the above example.

Let’s say that their personal spending can’t quite reach the $1,875 that they would need to unlock all of the points from rent. Instead, they average $1,500 per month other spending on their credit card. Since no points are earned on rent with Capital One, they would earn 2x on the $1,500 spent. That would total 3,000 Venture Miles.

On the Bilt Card, the $1,500 in spend would unlock (and I’ll spare you the math on this) 2,000 (out of the total of 2,500 points possible), plus 1,500 points from the spend. That is 3,500 Bilt Points earned. If you ignore the housing spend for this comparison (since Bilt is the only card that allows it), until you unlock all of the Bilt Points from the housing spend, you earn 2.33X on all spend.

That’s 500 more points, and I would prefer Bilt Points over Venture Miles, because the transfer partners are better. In addition, the Bilt Blue card is a no-annual-fee card, while the Venture Card costs $95 per year. In the end, it’s actually better than the Venture Card, even though it’s 1X vs 2X if you don’t spend past the threshold where you’ve unlocked all of the points from rent.

What about Bilt Cash?

Bilt Cash was created to force people who wanted to earn points on rent or mortgage to spend on the Bilt credit cards. It solves the five bananas problem mentioned earlier. However, because each card earns 4x Bilt Cash on every purchase, there is a real possibility that there will be excess Bilt Cash accumulated by any Bilt cardholder who uses their card for most or all of their everyday spend.

For the most part, Bilt Cash can be used to essentially purchase coupons on various things like Lyft rides, Bilt Dining experiences, hotel credits, fitness classes, and even Blade helicopter airport transfers. The best use of Bilt Cash appears to be the points accelerator, which is unfortunately unavailable on the Bilt Blue card.

The Confusing and Rewarding World of Bilt Cash

When the new Bilt credit cards launched on January 14th, 2026, there was a lot of confusion about Bilt Cash. A week later, Bilt explained what it is used for. Most of the uses are not that interesting, but the point accelerator seems to be the clear best use of Bilt Cash.

by David Cox January 22, 2026January 24, 2026

Option 1 vs Option 2

If all of this sounds confusing to you, you’re not alone. So many people complained about this that after 2 days, Bilt offered an alternative. Option 1, is to completely forgo the Bilt Cash system and instead earn points on your rent or mortgage based on this chart:

Non-Housing Spend as Percent of Housing Spend
0% to 25%	no points earned on rent or mortgage
25% to 50%	.5 points per dollar on rent or mortgage
50% to 75%	.75 points per dollar on rent or mortgage
75% to 100%	1 point per dollar on rent or mortgage
Over 100%	1.25 point per dollar on rent or mortgage

Option 2 is using Bilt Cash to unlock points on housing. Based on what we know about Bilt Cash and the fact that the point accelerator isn’t available for the Bilt Blue Card, you would have to look through the list of uses for Bilt Cash and decide whether or not anything is interesting to you. I would guess that many people will choose option 1, because it’s just simpler.

Who is the Bilt Blue Card For?

Because it is a 1X on all spending credit card, it’s not going to be great for earning points unless you are using it for rent or mortgage. I think the ideal candidate for this card is someone with a fairly large rent or mortgage payment and just enough everyday spend to earn all of the points on that housing spend. Frankly, I see the ideal candidate as a young professional with oversized rent or mortgage payments.

In the example above, the individual with a $2,500 mortgage and $1,500 in other spend per month would earn 42,000 Bilt Points in one year. I put that into Daydream Explorer on PointsYeah.com for the entire month of February (filtered for Bilt Points), and this is what I got for one-way fares from Chicago:

Obviously for a round-trip ticket you would need a ticket home as well, but there are plenty of places in Florida that you can fly for 7,500 points, Cancun for 10,000 points, or Punta Cana for 11,600. A category 1 Hyatt during standard time can be had for 5,000 points or a category 2 for 8,000 points. It might not be the most luxurious vacation ever, but when I was that age I just wanted to go somewhere warm and hang out at the beach. While 42,000 points isn’t a ton, a vacation can be assembled for that, especially if traveling with friends.

The card is currently being offered with a $100 Bilt Cash signup bonus, which would make it easier to unlock the points earned from rent or mortgage.

Conclusion

I think the Bilt Blue Card, while a disappointment to people who loved the old Bilt Card, is a good card for a fairly specific segment of the population. For other people, the Bilt Obsidian Card or Bilt Palladium Card might be a better fit. But for a young professional who doesn’t want an annual fee and wants to be able to take a no-frills trip every once in a while, I think this works better than any other option I can think of.

Points check December 2025

Posted on January 2, 2026 by David Cox

As 2025 came to a close, we looked back at what turned out to be a fairly hectic year of travel. In March, we went to Portugal and Spain, to hike six days on the Portuguese route of the Camino de Santiago. In July, Jenn went with Emma, her sister, and her niece to Munich and Dublin, while Alex and I went to Dresden, Saxon Switzerland National Park, and Berlin. In September, we went to Nice and Dublin. It’s been a lot.

We had a blast, but it did seem to add a bit of chaos to our lives, and we agreed to do a little less in 2026. We’ll probably still take three vacations, but we’re going to stay a little closer to home and keep the trip lengths a little shorter. That being said, we’ve only planned one trip for 2026, and wouldn’t you know it, it’s a long way away and ten days long. But I swear – after that – we’ll be good, I promise!

That trip is to Tenerife, a place I’ve wanted to visit for years now. We will also spend two nights in London on our way to Tenerife and one night in Madrid on our way home. Virtually everything is booked, except for the flight from Tenerife to Madrid.

Picking an Airbnb

Tenerife is an interesting place to try to plan a vacation. There is so much to do spread out on an island that takes about an hour and a half to two hours to drive from the south side of the island to the north side. In the north, there are lush forests with beautiful hiking trails. On the south side, there are also beautiful hiking trails, but instead of pine forests, there are deserts with succulents and cacti. On the south side, there are tourist beaches, bars, and restaurants, while on the north side, the city of Santa Cruz de Tenerife is the major city of the island. Also, slightly south of the center of the island is Mount Teide, a volcano towering 12,000 feet above the sea, and sometimes covered in snow.

Because there were so many things to visit all over the island, it made it tricky to pick an Airbnb. We had looked at rentals almost everywhere on the island, and finally, we just threw up our hands and let our son Alex pick. He chose a rental in Costa del Silencio, which I think will be nice. It looks like a quieter part of the island, only about a 20-minute drive from the tourist hot spots of Playa de los Americas, and about a 50-minute drive to Santa Cruz de Tenerife. Plus, if the Airbnb sucks, I can blame it on Alex.

Points or a Certificate?

It can be difficult sometimes to decide whether or not to use a hotel certificate or to use points. We have a 40,000 point IHG certificate that we wanted to use for a night in Iowa City. We have season tickets for the Iowa Hawkeye women’s basketball team, and we decided to go up the night before one of the games and enjoy Iowa City for an evening. Since we had the IHG certificate, we wanted to use it for the stay.

The problem was that the nicest IHG hotel in Iowa City was 22,000 points per night, which is well below the value of the certificate. Since the certificate expires in the fall of 2026, we figured that we probably will have the opportunity to book something more worthy of that certificate. We also had plenty of IHG points, so we decided to use points and save the certificate. Unfortunately, it’s not uncommon for people to make this bargain, and then find themselves later on with a certificate that they never used – so hopefully that isn’t our fate.

On to the point check!

There were no new credit card signups this month, and I think that’s because we just haven’t seen any offers that have gotten our attention lately. Since we don’t have another vacation in mind yet, we can be patient and wait until something grabs our attention.

That also means that Jenn hasn’t worked on a signup bonus in a while, and she defaulted to using her Amex Gold card. With Christmas spending being a significant part of our purchases, and there not being a consistently good way of earning points on Amazon purchases, the earning rates were a little low. That being said, we still managed to earn a return of a little over 5% on our spending not devoted to earning a signup bonus.

Card Used	Spend	Points Earned	Point Value	Points Per $	Return on Spend
Amex Gold	$2,722	6,585	$131.70	2.4	4.8%
Ink Cash	$441	2205	$45.20	5.0	10.3%
Wyndham Business Earner	$421	2,246	$24.71	5.3	5.9%
Sapphire Preferred	$376	376	$7.71	1.0	2.1%
AAdvantage Platinum	$223	223	$3.46	1.0	1.6%
Blue Business Plus	$66	132	$2.64	2.0	4.0%
Total	$4,249	11,767	$215.41	2.8	5.1%

This month’s spending not devoted to earning a signup bonus

In addition to the spending listed above, I spent a little under $2,400 on my Chase Ink Unlimited card, earning me a little less than 3,600 Ultimate Reward points. I should be hitting my signup bonus on that card in January, which is 90,000 points. We finished up the year with:

268,300 Chase Ultimate Reward Points
264,900 IHG Points
155,400 Amex Membership Rewards Points
98,800 Wyndham Points
79,400 Alaska Miles
33,900 American Airlines Miles
19,300 Citi Thank You Points
16,700 United Miles
15,900 Marriott Bonvoy Points
1,500 Delta Miles
300 Hyatt Points
$133 Cash Back

According to the points valuations published by The Points Guy, these points and miles are worth a total of $12,800. We started off the year with $13,700 in points and miles. It’s shocking to me that, given the amount of travel we did in 2025, we finished the year only $900 behind where we were the previous year. Our vacation plans will be much tamer in 2026, so I expect our points balances should go up throughout 2026. That probably means we will have a wild 2027 – can’t sit on those points forever!

Hotel Credit Cards that are Worth it For Free Night Certificates

Posted on December 22, 2025December 25, 2025 by David Cox

Credit cards that come with free night certificates can be a great way to reduce the cost of vacations or weekend getaways. We have been travel hacking for a few years now, which generally means opening up credit cards, earning points and miles, and then redeeming them for flights and hotel stays. Many of these credit cards aren’t worth keeping, and we close those accounts after a year, sometimes two, depending on the situation. This is generally to avoid paying ongoing annual fees on a card we no longer value.

However, hotel credit cards can often continue to be valuable every single year, even if you don’t use them, and even if they have annual fees. This is because many of them come with free night certificates and some level of hotel status. Typically, in my experience, it’s easy to get more value out of those certificates than the cost of the annual fee.

Hyatt

Hyatt has two credit cards, both issued by Chase Bank; one is a business card, and one is a personal credit card. The business card does not offer a free night certificate, but the personal World of Hyatt Credit Card does.

World of Hyatt Credit Card

The World of Hyatt Credit Card is a card issued by Chase. It has a $95 annual fee, but in exchange for the annual fee, you will receive a category 1-4 free night certificate. I find it fairly easy to book a hotel with these certificates that would normally cost between $200 and $300. In addition to the free night certificate, the cardholder will also receive:

Discoverist Elite Status (2nd lowest of 4 status levels)
5 Elite Qualifying Nights
Additional category 1-4 certificate when you spend $15,000 on the card in a year

Marriott Bonvoy

The Marriott Bonvoy program has 6 credit cards, and all but one come with an annual free night certificate. The Marriott Bold credit card doesn’t come with a free night certificate, but it also doesn’t have an annual fee. The rest of the Marriott credit cards have a variety of annual fees as well as benefits and free night certificates. Marriott’s free night certificates allow you to use up to 15,000 Marriott Bonvoy points on top of the value of the certificate. This means that if a hotel is just a little too expensive to book with a certificate, you can add some points to make the stay work.

Marriott Bonvoy Boundless Card

The Marriott Bonvoy Boundless Credit Card is issued by Chase Bank and has a $95 annual fee. It comes with a free night certificate worth up to 35,000 Marriott Bonvoy points. I generally find it pretty easy to find a hotel that typically costs between $150 and $250 per night where these certificates work. In addition to the free night certificate, the cardholder will receive:

Silver Elite Status (lowest of 5 status levels)
15 elite qualifying nights
1 elite night for every $5,000 spent on the credit card

Marriott Bonvoy Business American Express Card

The Marriott Bonvoy Business American Express card has an annual fee of $125. Like the Marriott Bonvoy Boundless card, it comes with a free night certificate worth up to 35,000 points. In addition to the free night certificate, the cardholder will receive:

Gold Elite Status (2nd lowest of 5 status levels)
15 elite qualifying nights

Marriott Bonvoy Bountiful Card

The Marriott Bonvoy Bountiful card is issued by Chase Bank and has an annual fee of $250. It receives a 50,000-point annual free night certificate. That certificate can be redeemed for a hotel that would probably cost $300 to $400. In addition to the free night certificate, the cardholder will receive:

Gold Elite status (2nd lowest of 5 status levels)
15 elite qualifying nights
1,000 bonus Bonvoy points with each qualifying stay

Marriott Bonvoy Bevy American Express Card

The Marriott Bonvoy Bevy card is issued by American Express and has an annual fee of $250. Like the Bountiful card, it also receives an annual 50,000-point free night certificate. Also, like the Bountiful card, the cardholder will receive:

Gold Elite status (2nd lowest of 5 status levels)
15 elite qualifying nights
1,000 bonus Bonvoy points with each qualifying stay

Marriott Bonvoy Brilliant American Express Card

The Marriott Bonvoy Brilliant card is issued by American Express and has a whopping annual fee of $650. This card comes with an annual 85,000-point free night certificate. That can be used on a luxury hotel stay, probably somewhere in the $500 to $800 range. In addition to the free night certificate, the cardholder will receive:

Platinum Elite Status (3rd highest of 5 status levels)
25 elite qualifying nights
Priority Pass membership with 2 guests
$25 per month dining credit
Global Entry Fee Credit

Hilton

Hilton has four credit cards that are all issued through American Express. Only one of these cards has a free night certificate as a perk. The Hilton Honors and Hilton Business card don’t have any ability to earn a free night certificate, but the Hilton Surpass can earn a certificate after $15,000 in spend in a calendar year. That might seem like a lot of money to spend on a card just to earn a free night certificate, but Hilton certificates are uncapped. This means if you have your heart set on spending an evening in an ultra-premium hotel and being completely pampered, one certificate can get you there. Upgraded points has a great post on how to completely maximize the value of those certificates.

Hilton Honors Aspire American Express Card

The Hilton Honors Aspire card is issued by American Express and is a premium credit card with a $550 annual fee. It does come with an uncapped annual free night certificate that can be used on amazing ultra-premium hotels. In addition to the free night certificate, the cardholder will receive:

Diamond Status (highest of 3 Hilton status levels)
$400 Hilton Resort credit ($200 semi-annually)
$200 flight credit ($50 annually)
Clear Plus credit

IHG

IHG has three credit cards, with two offering annual free night certificates. The IHG One Rewards Traveler card has no annual fee and doesn’t come with a free night certificate. The free night certificates that are issued by IHG are worth up to 40,000 points and can be topped off. That means if the hotel room you really want costs 60,000 points, you can use a certificate and 20,000 points. For a 40,000-point certificate, you can generally expect to be able to book a hotel that would cost $150-$200.

IHG One Rewards Premier

The IHG One Rewards Premier credit card is issued by Chase Bank and has an annual fee of $99. It comes with an annual free night certificate worth up to 40,000 IHG points. Besides the annual free night certificate, the cardholder will receive:

Platinum Elite Status (2nd highest of 4 levels)
Fourth night free on award stays
Up to $50 per year United Travel Bank Credit

IHG One Rewards Premier Business Card

The IHG One Rewards Premier Business card is pretty much the same as the IHG One Rewards Premier card, but for businesses. It has an annual fee of $99 and comes with a free night certificate worth up to 40,000 IHG points. In addition to the free night certificate, the cardholder will receive:

Platinum Elite Status (2nd Highest of 4 levels)
Fourth night free on award stays
Up to $50 per year United Travel Bank Credit

Wyndham

With a collection of brands like Super 8, Travelodge, and Ramada, Wyndham Rewards isn’t the sexiest program on this list, but it is solid. Barclays issues 3 credit cards for Wyndham with impressive earning rates, especially on gas purchases. The Wyndham Earner card earns 5x on gas, the Wyndham Rewards Earner Plus card earns 6x on gas, and the Wyndham Business Earner card earns a whopping 8x on gas and 5x on utilities.

None of these cards issues a free night certificate per se, but they do issue points on an annual basis, which, unlike a free night certificate, don’t expire. The Wyndham Earner card has no annual fee and doesn’t earn any annual bonus points. However, the other two cards do issue annual bonus points.

Wyndham Rewards Earner Plus Card

The Wyndham Rewards Earner Plus card has an annual fee of $75 and earns 7,500 points each anniversary year. 7,500 points can typically book a room worth around $60 to $90. In addition to the 7,500 points, the cardholder will receive:

Platinum Status (2nd Highest of 4 levels)
10% Discount on Free Night Awards

Wyndham Business Earner Card

The Wyndham Business Earner Card has an annual fee of $95 and earns 15,000 points each anniversary year. 15,000 Wyndham points can typically book a room worth between $125 and $200. In addition to the 15,000 points, the cardholder will receive:

Platinum Status (2nd Highest of 4 levels)
10% Discount on Free Night Awards

Choice

Like Wyndham, many of the brands that Choice is famous for are low-end hotels, such as Travelodge and Rodeway Inn. They do have some nicer brands, such as Cambria and the Ascend Collection. Choice has two credit cards, which are issued by Wells Fargo: The fee-free card called the Wells Fargo Choice Privileges Mastercard and the Wells Fargo Choice Privileges Mastercard Select.

Wells Fargo Choice Privileges Mastercard Select

The Wells Fargo Choice Privileges Mastercard Select has a $95 annual fee. While it doesn’t come with a free-night certificate, the cardholder gets 30,000 Choice Privileges points every anniversary year. That number of points can book a hotel worth somewhere in the $125 to $200 range. Since they are points and not a certificate, you could also use them to book two nights at a less expensive hotel. Besides the free night certificate, the cardholder will receive:

Platinum Status (2nd highest of 4 levels)
Cell Phone protection (up to $800 per claim)

My thoughts

I love having free night certificates ready for me to use. Typically, we tend to stay in vacation rentals, but we like to use certificates to book one or two-night stays. If the place we wish to go to doesn’t have a major airport or is difficult to get to in one day, we like to stay for a night or two in a city with direct flights to the US like London, Madrid, or Amsterdam as a way of adding a little extra excitement to our trip and a good way to get over jet lag. Being able to book a hotel for free (or essentially the cost of the annual fee) is clutch in these circumstances.

We typically aren’t too picky when it comes to where we stay, as long as the location is good. We don’t spend a lot of time in the hotel when we are traveling, since there is always so much to see, drink, and eat in these locations. For these reasons, the credit cards that work best for our purposes (in order of my favorites) include:

World of Hyatt Card
Marriott Bonvoy Boundless Card
IHG Premier Card
IHG Premier Business Card
Marriott Bonvoy American Express Business Card
Wyndham Business Earner Card
Choice Privileges Select

The most expensive card on this list has a $125 annual fee, and I think that it’s pretty easy with each of these cards to get at least the value of the annual fee back. Usually, better, especially the ones higher on the list.

The ones I left off are ones where I think you basically need to be using the other benefits of the cards to make them worth the annual fee. They are also great if you need higher value certificates because you want to stay at luxury hotels. If your goal is to stay at luxury hotels and utilize status, your best bets are:

Hilton Honors Aspire Card
Marriott Bonvoy Brilliant Card
Marriott Bonvoy Bountiful Card
Marriott Bonvoy Bevy Card

Free night certificates can be a great way to enhance your travels. My suggestion is to take advantage of elevated sign-up bonuses on those cards when they are available and then hold onto them if you find the certificates to be worthwhile.

Vacasa and Wyndham are Divorcing, Now What?

Posted on November 20, 2025 by David Cox

Recently, the news broke that starting November 30th, 2025, Wyndham points will no longer be redeemable for Vacasa vacation rentals. Earlier this year, Casago, a vacation rental management company purchased Vacasa. Casago apparently didn’t like the arrangement with Wyndham and now has ended it.

What was the Vacasa/Wyndham Partnership?

Vacasa had a deal with Wyndham, which allowed people to rent vacation rentals that were posted on the Vacasa website with Wyndham points. Originally, they charged 15,000 Wyndham points per bedroom per night up to $500 per night, but eventually shrank that to $250 per bedroom per night. What that essentially meant was that for a one-bedroom vacation rental, if its cash rate was less than $250 per night, you could rent that for 15,000 Wyndham points per night. If it was a two-bedroom vacation rental with a cash rate under $500 per night, you could rent that for 30,000 Wyndham points per night.

View from Vacasa Jenn stayed at in Playa del Carmen

This was a tremendous deal, but it was made even better with the fact that Wyndham has one of the best/quirkiest business credit cards available. The Wyndham Business Earner card earns 5 points per dollar on utilities and 8 points per dollar at gas stations. At 8 points per dollar at gas stations, it’s not hard to imagine that someone who drives a lot could earn a ton of Wyndham points quickly. Holding that card also meant you got a 10% discount on points redemptions, making those Vacasa rentals 13,500 Wyndham points instead of 15,000 points.

For us, it was a way to quickly accumulate a lot of points that we could use for a vacation rental. We had actually booked with Vacasa using Wyndham points twice, once for a beachfront condo in Playa del Carmen and once for a condo in Nashville. Both were tremendous deals. In general, we prefer vacation rentals over hotels when they are available, and now the best method for booking them with points is no longer available.

What are the Alternatives?

Some partnerships could potentially be interesting. Hyatt has a Homes & Hideaways vacation rental program, and Choice has a partnership with Bluegreen Vacations, but both of those seem really limited in terms of properties. Marriott Homes and Villas has quite a few properties, but given the number of points needed to book a stay there, I wouldn’t even consider using points for it. I would consider paying for a Marriott Homes and Villas to earn Marriott points though.

If you can find vacation rentals through one of the bank travel portals, such as Amex Travel, Chase Travel, or Capital One Travel, you could potentially book on points that way. To be honest, though, nothing is really going to replace the Wyndham/Vacasa partnership. It was just a great way to get value for Wyndham points and rent a vacation rental for no out-of-pocket cost.

What am I to do with all these Wyndham Points?

One of the things that is painful about this is that we’ve been earning 2,000 to 3,000 Wyndham points monthly on the Wyndham Business Earner card, thinking that we would at some point book a Vacasa when we were vacationing in Mexico or the US (Vacasa doesn’t operate in Europe, where our recent vacations have been). Now we have close to 100,000 Wyndham points that would have gone a long way with Vacasa. Now what? Am I stuck with a bunch of points that are only good at places like Travelodge, Super 8, and La Quinta?

Ok, let’s be honest, Wyndham hotels aren’t typically high-end hotels. It’s known for its no-frills brands. That being said, Wyndham has been trying to expand its portfolio of hotels to include all-inclusive resorts in their Alltra brand as well as a boutique brand called the Registry Collection.

This appears to be working, as I was able to find several hotels in areas where luxury and all-inclusive hotels are typically located. There are nine all-inclusive resorts in the Riviera Maya area in Mexico alone, most of which were bookable for only 30,000 Wyndham points.

Additionally, they offer Club Wyndham, a timeshare organization that allows individuals to book select properties. Although most of those apartments will be occupied by timeshare owners, some are available for rent with cash or points.

Personally, I have a feeling we will be leaning toward an occasional all-inclusive stay. For 30,000 Wyndham points per night for many of those resorts, a couple of nights testing my liver at the pool sounds like a good use of all of those hard-earned Wyndham points.

Conclusion

The ending of the relationship between Wyndham and Vacasa is quite a bummer. There isn’t a good alternative way to book a vacation rental property at a good value using points. Since that was my primary reason for accumulating Wyndham points, I really thought long and hard about whether I would just use up what points we have left and abandon the program.

The problem with that thought is that the Wyndham Business Earner card earns 8x on gas and 5x on Utilities, which is so good that I would almost have to have no other use for the points to stop using that credit card. The earnings are too good, I just need to find a decent use for those points.

For the time being, I think we will try using them on all-inclusive resorts, and if we don’t like the quality, then we will have to use them on random hotel stays. For now, I think that’s okay, but I’m just not happy about this.