Many commenters appear bewildered that some folks money out their Chase Final Rewards factors at 1.25% per level with Pay Your self Again as a substitute of utilizing journey companions or utilizing Chase Journey at 1.5%. And so I assumed to share why I exploit the 1.25% cashout possibility.
Two responses which got here up within the feedback:
- 1.25% money redemption is related for these on Workforce Money Again, i.e. those that don’t journey a lot.
- 1.25% money redemption is related for individuals who generate huge quantities of Final Rewards factors and couldn’t presumably use all of them on journey.
Personally, I considerably fall into the primary camp. Whereas I do journey a number of occasions per yr, it’s normally home. I additionally by no means acquired into the entire luxurious journey factor. If I’m flying Spirit economic system, my factors don’t assist me a lot. And my flights are sometimes very particular, e.g. I would like a continuous flight departing Tuesday between 2pm and 9pm.
The counter-argument is that you may nonetheless e book any flight with Chase Journey at 1.5 cents per factors, so why money them out at 1.25%?
My expertise has been that when reserving via Chase Journey the costs are sometimes a bit increased. I additionally discover it simpler to e book straight with the airline, particularly when there are issues like paying for baggage add-on, and many others.
For that reason, folks like myself discover it easiest to simply money out factors utilizing Pay Your self Again. We took an enormous hit when Chase lowered the Pay Your self Again from 1.5 to 1.25, and now we’re taking one other hit with the dwindling choices for 1.25% cashout. For now, I’ll deplete my factors when the annual price posts or I’ll attempt to discover a present card vendor who codes as Fuel to money out my factors.
(Full Disclosure: I’m an entire novice at journey reserving.)