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Bonvoy point value

Discussion in 'Marriott Vacation Club' started by Gemini Chica, May 17, 2019.

  1. Gemini Chica

    Gemini Chica TUG Member

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    I know this is asked regularly, including by me previously. What is the current “value” I thought it was a about 10c per point, but follow “Head for Points” who values at 0.50 GBP which is about 0.57€ and 0.63$? I find it helpful to know for working out hotel values with Bonvoy points!


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  2. bazzap

    bazzap Tug Review Crew: Rookie TUG Member

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    Possibly, the most comprehensive, updated source is the monthly valuation of all Loyalty points by the Points Guy
    For May 2019, Bonvoy Points show as 0.8 cents
    https://thepointsguy.com/guide/monthly-valuations/
    Also for anyone who may not have seen it yet, the Points Guy has a useful new website and newsletter targetted at European residents (well UK, but definitely more relevant for all those of us on this side of the pond)
    https://thepointsguy.co.uk
     
    Last edited: May 17, 2019
  3. Dean

    Dean TUG Member

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    Historically it's been judged to be around 1¢ not 10¢ but as Barry notes it's a little under that now.
     
  4. Saintsfanfl

    Saintsfanfl TUG Member

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    So far in this thread we have $.10, $.63, $.80. And then Dean correctly referenced that it is actually $.008.

    It all depends on how you use them but you will rarely get over $.02. I tend to not use points unless I am getting at the very least $.01.
     
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  5. Gemini Chica

    Gemini Chica TUG Member

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    Oh will have a look! Thanks Barry.


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  6. echino

    echino TUG Member

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  7. bazzap

    bazzap Tug Review Crew: Rookie TUG Member

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    Correct of course (earlier post edited)
     
  8. Luvtoride

    Luvtoride TUG Member

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    This article is a very comprehensive analysis of Marriott Bonvoy points. thanks for posting it.

    Looked at another way, using my Chase Marriott VISA card for everyday purchases at 2x points/ $ spent, I am essentially receiving 1.4% “ cash back” in Marriott spend. I’m ok with that unless I am spending on dining or travel items where I use my chase Sapphire Reserve VISA card at 3x points/ dollar spent converted to Chase Ultimate rewards at 1.5 x value for travel redemption or 4.5% value back.

    We’re making the purchases anyway, so why not get the best bang for our buck.



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  9. CA Richard

    CA Richard TUG Member

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    Luvtoride,

    A little off topic of the original post, but I have a suggestion for you. I also have those same two Chase cards, but I only use the Marriott card for 6x points for Marriott stays and my Maintenance Fees, the Sapphire Reserve for all other travel and dining, and a third Chase Card, the Freedom Unlimited, for my everyday spending. The Freedom Unlimited gives 1.5x on all spend, and you can easily add the points you earn to your Sapphire Reserve to redeem for travel, effectively giving you 2.25% back on everyday spend, a little better value than using the Marriott card for everyday spend. These are the three cards I carry in my wallet, and I find them quite easy and effective to use. As you said, “the most bang for the buck!”
     
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  10. vol_90

    vol_90 TUG Member

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    We manage our Bonvoy points to $0.01. If we can get at least $0.01 we use points (Ritz Carlton Lake Oconee $499 per night for 5 nights @ 200,000 points) otherwise we pay cash. We were fortunate to get the W Maldives booked in August last year after the SPG merger (April 2019 vacation) for 1,020,000 over the water villa for 15 nights. It's going for 2.5MM points now for a room that cost $1,250 per night.

    I would like to here from others where we have the opportunity to get greater than $0.01 per point.
     
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  11. rickandcindy23

    rickandcindy23 TUG Review Crew: Expert TUG Member

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    To me, those points are the bottom of the barrel. I have a lot of points and have really seen few ways to use them. I will keep building them little by little, so I don't lose them, and then maybe I will find a place worthy of the points. It's been a difficult transition for us from SPG.
     
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  12. Gemini Chica

    Gemini Chica TUG Member

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    For me it’s if I see a hotel room is 25000 points or 221€, I was assuming the 25000 points was the same as 250€ thus making the cash price better value.

    Right now looking at a 2 night stay for 50.000 points so what would that be in euros?

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    Last edited: May 18, 2019
  13. Gemini Chica

    Gemini Chica TUG Member

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    I agree. I never exchange for them.


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  14. Gemini Chica

    Gemini Chica TUG Member

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    So lucky, in Europe we can’t get any cards to use like this!


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  15. Dean

    Dean TUG Member

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    That's the way I've tended to use them as well, unfortunately holding them through several devaluations might have not been the best choice.
     
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  16. Gemini Chica

    Gemini Chica TUG Member

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    So for a 2 night stay of 50.000 what value would you give that?


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  17. Dean

    Dean TUG Member

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    You'd compare to the discounted cash price of AAA or member price or similar and possibly to the pay in advance price for some situations. Easy to do, when you search using points it gives yo some of the prices like the regular and member price. You could go back and search for any applicable discount prices like AAA, Corporate, Senior or Military. If you wanted to go a step further, you could look at priceline or similar. I just booked 2 rooms at a Westin 4 star but I booked them separately. The first room I got by bidding on priceline and it came in about 1/3¢ pp, the second room I booked on points (original option wasn't available) and it's returning about 3/4¢ pp.
     
  18. Gemini Chica

    Gemini Chica TUG Member

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    Ye price showing as 803€ for the two nights, slightly less with AAA. On external sites about 750+. How do you bid on Priceline, never heard of that?


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    Last edited: May 18, 2019
  19. Dean

    Dean TUG Member

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    I don't know how it would work from Europe and my explanation might be a little convoluted if you're not familiar but here goes. Priceline has 3 price/reservation options and you can specify the area, usually down to a small subset of the location. One is just a regular reservation much like Expedia or travelocity. The second is an express deal where they show you the star rating and give you an idea of their internal rating (1-10) and an idea of the number of reviews. And lastly, the bidding option. For an express deal for example say it's a 4 star with 1573 reviews and an average review rating of 8.7, the express deal might list 4 star, at least 1500 reviews and a rating "above 8.5". Of course you don't know the hotel for the express deal but you can often figure it out. Bidding is even less specific but given the specifics of the location and fact there were only four 4 star options for the exact area with the express deal being so much cheaper than everything else and obviously the Westin, I just bid a few $$$ lower than the express deal. Had it been a different 4 start of the 4 it would have been fine and frankly, might have been even better plus I think 3 of the 4 were Marriott oriented products.

    As I noted, you can specify the area down to a small location, for example for Orlando there are almost 30 areas. There is also at least one site that tends to track bidding where people post the deals they got as well as the hotels that are in a grouping, biddingfortravel.com. You can only bid once every 24 hours on a specific option but if you add an area or add a lower star rating you can bid again. And I used that for the above example. The area I wanted was the only one of about 10 that had 4 star hotels so I just kept adding areas and increasing the bid in $1 increments until it matched which was a few $$$ below the express deal price and a little over half the open price. When we found out we needed a second room the price was almost double which is why I went with the points reservation. I got the 4 star Westin at under $90 a night though there will be a resort fee extra.
     
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  20. Sea Six

    Sea Six TUG Member

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    As someone said, it depends on how you use them. For example, I can book Marriott 7 Mile Beach, Grand Cayman for 320,000 pts, or 240,000 pts plus $500. $500 to save 80,000 pts puts the value at $0.00625. That's the ballpark I use, since I used to value my StarPoints at 2 cents, and they were worth exactly 3 times as much as the Marriott's.
     
  21. Saintsfanfl

    Saintsfanfl TUG Member

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    I stayed in a room for a funeral recently and it was $240 cash at AAA rate or 12,500 points. Plus I used suite night upgrades to get both rooms 2BR. It is little things like that, that make the value for me much higher than $.008, or whatever.

    Like others have posted, I will always pay the cash rate if the value is less than $.01, and sometimes higher depending on the property and points rebate.
     
  22. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    I treat Bonvoy points as 1 cent and have been able to book hotel stays for more than that. For instance, we just booked Lido House for 200K points for 5 nights but it would have cost $3K for the stay, making it 1.5 cents per point.
     
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  23. Gemini Chica

    Gemini Chica TUG Member

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    Thanks for the explanation. Will have a look into it and see if I can sign up or only for US residents. If you book Marriott through a 3rd party do you still get all the perks of your status?


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  24. Dean

    Dean TUG Member

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    You may want to review this thread https://tugbbs.com/forums/index.php...reward-number-to-ii-marriott-exchange.285379/

    I've never had a problem doing so with II exchanges and only done so with priceline bidding reservations at the resort until recently. The Westin I mentioned I could not add my rewards number online but I could pull up the reservation when I searched for it. So I emailed Rewards to see about getting the number added but was told since it was a third party I couldn't and it wasn't eligible for perks. I planned to call the resort as we got closer and see if I could add it because otherwise I couldn't check in online or use my phone as a key. But when I got the second room I got a welcome email from the resort and when I responded we had 2, they added the rewards number and upgraded both rooms on the spot plus they acknowledged the suite request for the points room.
     
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  25. Saintsfanfl

    Saintsfanfl TUG Member

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    I used two weeks in II for hotel exchanges and when I called the hotel they confirmed the reservations but they said it was impossible to add my rewards number and get credit for the stays.
     

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