ThankYou points?

[Anonymous]

So after some research it looks like I can redeem points for cash in increments of 50 or 100 dollars. And they will mail me a check. 

I can also purchase 1000 points for 25 dollars if I need points. 

So so what is the real cash value of the 50000 point sign up bonus? Is 1 point worth 1 cent? So $500 via a mailed check? 

Just looking for something similar to the CSP. 

[longtime_lurker]

Haven't we already answered this for you?....

Yeah, here it is: http://ficoforums.myfico.com/t5/Credit-Cards/Signup-bonus-cards-what-is-best/td-p/4061591

To use TYP in that fashion is terrible, at best if you can find a student loan/mortgage remdemption option (I can't with Prestige/Premier), yeah I guess you'll get $500. 

[Anonymous]

So one point is 1 cent

[Anonymous]

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@Anonymous wrote:
So one point is 1 cent

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For the best redemptions, yes.  But things like cash, statement credit, pay with points are much worse than that.

[Anonymous]

So yes or no?

What is the cash value of on TY point?

[Anonymous]

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@Anonymous wrote:
So yes or no?

What is the cash value of on TY point?

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It depends on how you redeem the points.  It varies as has been mentioned several times.

[Anonymous]

My father's thankyou credit card had 30,000 points. I redeemed for $300 home depot gift card after trying a check. Check was $150 which was half the amount which of course is not worth it at all.

[Anonymous]

So I do not want a card that depends on what day of the week it is to determine the cash value of their rewards points. 

With chase. I UR point is equal to one cent in terms of cash value into my navy fed money market. 

This is does not appear to be true in terms of TY points. That is all I was asking. Not gift card or statement credit value. 

[longtime_lurker]

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@Anonymous wrote:

So I do not want a card that depends on what day of the week it is to determine the cash value of their rewards points. 

With chase. I UR point is equal to one cent in terms of cash value into my navy fed money market. 

This is does not appear to be true in terms of TY points. That is all I was asking. Not gift card or statement credit value. 

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And we have repeatedly told you that this is not a good use of TYP or UR points - at all. 

/thread

[takeshi74]

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@Anonymous wrote:

So I do not want a card that depends on what day of the week it is to determine the cash value of their rewards points. 

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Redemptions always have an impact on value with points/miles rewards programs (aside from the ones that are really just cash back programs).  If you can't be bothered with that then you should probably stick to cash back cards.  There is no fixed value for points or miles.  People use fixed values as guideline and in cases where they can reliably redeem at the given point value.

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@Anonymous wrote:

With chase. I UR point is equal to one cent in terms of cash value into my navy fed money market.  

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Which, again, is not the best point value for UR points.  If you're not leveraging a redemption method to maximize point value then you will probably be better off with a cash back card.  It is, however, your call to make.  If the cash back value of a point is acceptable to you then by all means go with it.  A UR point is easily worth double what you're redeeming for, if not more.

It is a bit convoluted and there's no judgement here.  Plenty of people don't want to bother with the hassle of maximing the values of their points/miles.  It's a matter of preference.  Some prefer simplicity from their rewards.