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Earning points faster with PRG?

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Fico2Go
Established Contributor

Re: Earning points faster with PRG?

Meeting the 30,000 spend wont be a problem for me. My concern is how much greater value can be received with MR vs. 1c x $30,000 spend ( $300).

Will MR double the value of $300?

The intrinsic value of amex prg is clear a winner. Odd thing is amex gets more attention and better service for some reason.

Discover IT $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Message 11 of 16
H4LO
Established Contributor

Re: Earning points faster with PRG?

The value of MR isn't in cash.

The value is in transfering it out to airline partners.

 

36K MR in my account to British Airways Avios is worth more than a statement credit etc. 

Seeing as I can fly on AA for as little as 7500 Avios, they're worth more than seeing MR to $. 

 

 



Total CL - 60K // Util. ~1.6%

772 TU - 6/5 ///// 705 EX - 5/5 ///// 664 EQ - 4/29
Message 12 of 16
Fico2Go
Established Contributor

Re: Earning points faster with PRG?

If u didnt have the MR what would u have had to pay for the same flight in $$?


Discover IT $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Message 13 of 16
H4LO
Established Contributor

Re: Earning points faster with PRG?


@Fico2Go wrote:
If u didnt have the MR what would u have had to pay for the same flight in $$?



$285 round trip.

36K MR / 7500 AVIOS = +$1000 in flight value. 

 

But with AMEX MR, it's even better since they hold promos. 

I missed out on their 25% bonus on MR to BA Avios.

Earlier last year they had 30% bonus! So I'm keeping my eye out. 



Total CL - 60K // Util. ~1.6%

772 TU - 6/5 ///// 705 EX - 5/5 ///// 664 EQ - 4/29
Message 14 of 16
Repo-ed
Senior Contributor

Re: Earning points faster with PRG?


@Open123 wrote:

Aside from spending on the 3X and 15K bonus on $30k spend, one of the most efficient ways to accrue MR rewards is through sign-up bonus promos, i.e., 75K or 100K promos.


^^^This

5/2012: 560 credit scores across the board
12/2014: 750+
3/2017: 780+
11/2019: 833
2/2023: Experian via Chase United Explorer CC pull - 891
Message 15 of 16
Open123
Super Contributor

Re: Earning points faster with PRG?


@Fico2Go wrote:
Meeting the 30,000 spend wont be a problem for me. My concern is how much greater value can be received with MR vs. 1c x $30,000 spend ( $300).

Will MR double the value of $300?


If you prefer Airline miles redemption, then yes.  If you prefer cash, then no.  Of course, if cash your preference, then this is not a particularly good card.  

 

However, if you use miles for some int'l business class flights, MR points can potentially redeem for a value of approximately 2c - 3c, depending on how you redeem them.  

Message 16 of 16
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