We may receive a commission when you use our links. Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. We appreciate you using our links!!!
Buy Marriott Points
We have seen all sorts of deals this year when it comes to buying points throughout the pandemic. Marriott has a deal, which if used strategically, could be quite advantageous for future travel. I’m a big fan of purchasing any kind of point as long as you have a redemption in mind, and can save money by doing so. With that said, Marriott has put forth a compelling offer that ends September 25th, 2021.
Earlier in the year we saw a 30% discount as well as a 50% bonus. I received a 45% bonus which puts pricing at roughly $.0086 per point.
Normally I’m not a huge advocate of purchasing Marriott points because they traditionally limit the maximum per year to just 50k. Besides shoring up for an award night, there isn’t a lot of potential for arbitrage. This time…it’s different. Marriott has increased the max, and with my 45% bonus, I could up my balance by 145k points for $1250.
This opens up a lot of potential in my mind to seize some great opportunities on high priced properties around the world. Particularly when you hit them during off peak.
Where could this make sense?
Let’s use a Category 7 hotel as an example. Hawaii is always a hot spot and if you can pop down in shoulder season you can get a pretty darn good deal. Let’s look at the Royal Hawaiian, it rings in as a category 7 which means if you can catch it during off peak pricing, you’ll be able to stay for 50k points a night. Remember, all Marriott members get a 5th night free, so you could stay 5 nights for 250k points. This could be a cool spot for you use those 5 nights that were offered on the Marriott Boundless card last year. But…let’s take a look at how buying points could save you tons of cash.
Here’s what a 5 night stay looks like with cash.
My purchase max is 145k points for $1250, which would leave me 55k points short. One option you could take advantage of right now is transferring Chase Ultimate Rewards to Marriott with a 50% bonus. So for $1250 and 37k Chase points, you could land a $2500 hotel stay. Not too bad, but clearly you need to crunch the numbers.
Couple of things to remember
- You need to have had a Marriott account for 30 days
- It can take up to 7 days for the points to populate…
Certainly you need to crunch the numbers and make sure it works FOR YOU. But if you have that special redemption in mind this could be a way to make it work for much, much less.
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
Capital One lit the premium card market on fire when it dropped this card. It quickly was added to our wallet for the following reason!
♥ Earn 100k Bonus Points after $10k Spend in 6 months
♥$300 Annual Travel credit within Capital One Travel Portal
♥2x on every single purchase without limit
♥10x on hotels and car rentals purchased via Capital One Travel
♥5x on airfare purchased within Capital One Travel
♥Erase any travel purchase off your card at a penny a piece with Capital One Travel Eraser
- Access to the Capital One lounge network
- Priority Pass access ( including restaurants for you and two guests ) Authorized Users have access as well
♥ 10k Anniversary Miles every year you keep the card – worth $100 in Capital One Travel or transferred to partners
♥$395 Annual Fee
If you spend more than $400 a year on travel, you’ll quickly offset the annual fee with the $300 travel credit and 10k anniversary bonus. The rest is gravy. And you can add up to 4 Authorized Users fee free!