Ok, I’m the STUPID one!
I actually broke down & used this option. Which wasn’t good price wise. But…
I had a chunk of holding points that are going to expire end of year & with other trips booked just knew I wasn’t going to be able to use them for anything. (Not even resort credit & we already have insurance. I also don’t know what else to do with expiring pts)
So using my (make it not seem so bad) math, I figured we ended up paying the same as cash because we were going to lose those chunk of points anyway.
Ended up booking 1 night at Marriott Newport Hotel RI. that Saturday night was $870 Cash thru Marriott’s.com
Used 2940 MVCI pts so points basically worth .30/pt
Had 1700 in holding (couldn’t find anything good to book, rent or even give away) so basically useless to us at this time.
BUT had to add 1240 GOOD pts (2026pts) to the reservation sooo with my math figured we got about .70/pt value which is pretty much my M/F cost if just calculating the good pts.
Was it a good value? NO
Would I’ve done it if I didn’t have holding pts? NO
Would I’ve done it if we didn’t actually have extra pts? NO
Do I still feel Screwed? Kinda
But at least it was an option offered, I do wish it had a more reasonable conversion rate.
But we got a spur of the moment night at a popular place, middle of summer & short drive away for basically same as cash without actually dishing out additional cash.