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Wish I had some to use Lexie!!
Good info
@09Lexie wrote:
From an email:
For a limited time, you can use your MR points with the mobile app toward virtually any card charge- 30% less points through Jan 31, 2014
Have you done the math yet on what the reward redemption is on other purchases? I got I thought it was a 20% offer in the online interface when I checked on the MRe points I stockpiled from my Zync. MIght have misread.
good info...thanks, lexie
So is MR usually 1point for 1c for statement credit? So then "30% less" means that a $10 charge can be paid for with 700 instead of a 1000 points? Not sure because usually they advertise that the "better" way, "each point worth 40% more, 700 points now worth 1000!!"
My offer on my Platinum card is for 40% less points, but I can't find what the normal conversion rate for statement credits is to see how this compares. With the 40% less disount, it is coming out to 1 cent per point. I never use points this way so I don't know if the normal rate is 5/3 points per penny.
Assuming that is true, that means that others with a 30% offer should be seeing rates of 1.167 points per penny. Is that what you are seeing?