Penfed Prime Day and point value

Anonymous · ‎10-08-2020

Email from Penfed:

Prepare for this online shopping holiday by setting your PenFed Visa®Card as the default payment option in your Amazon account.

Since I have the Platinum Rewards card, this seems like a poor idea, as I would be earning 1point per $, and points are worth 0.85c approx

But searching, the claim is that when used for travel, a point is worth about 1.7c (so gas would earn 8.5% and groceries uncapped 5.1%)

Have people here found that to be the case? It would certainly change my opinion about using it for gas and groceries!

Anonymous · ‎10-08-2020

Doing some extensive research (= looking up one flight) I find a BOS-LHR economy lite to by 80K points or $672 from the airline. So, not always a good choice!

NRB525 · ‎10-08-2020

What about hotel bookings?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765