Anyone ever use Wyndham Rewards and been able to use it to make you money back?
It is true, the best use of the Wyndham reward points is probably for hotel stays. Since I stay in hotels rarely. I think another good way to use Wyndham Rewards is make a payment on your maintenance fees. For 10,000 Wyndham Reward points you can put $60.00 towards your maintenance fee. I have a Wyndham Rewards credit card and I get 2 Wyndham rewards points for each dollar I spend on the card. So, for every $5000.00 spend I can put $60.00 towards my maintenance fees. That comes to a 1.2 percent return. Which is a little better than the 1 percent I have received from other rewards cards I have had in the past.
So, for every $5000.00 spend I can put $60.00 towards my maintenance fees. That comes to a 1.2 percent return. Which is a little better than the 1 percent I have received from other rewards cards I have had in the past.
The CapitalOne Venture card has a 2% return on all charges. The return can be used to offset any travel expenses charged to the card. Travel expenses include fares, lodging and Wyndham maintenance fees.
I had a salesmant present Wyndham Rewards as part of his sales pitch...He said in as insulting tone as possible..."None of my VIP customers pay maintenance fees any more" and then went on to explain how I can do what you are doing (ie spend $5000 to earn $60 toward my fees...and The program Cheryl explained in her post above (convert vacation points to reward points to maintenance fee dollars)
I pulled out a pencil and paper and my trusty calculator and showed him that using the 1.2% return that you calculated, I would need to spend nearly $20,000 a month on my credit card..and using the conversion Vacation points to rewards points I would need to convert 250000 points to earn $600 toward maintenance fees...And the fees on those 250000 are over twice as much
No question every little bit helps and using the rewards credit card can pay a little toward your fees, and if you find yourself one year with more points than you can use, converting them to dollars would be better than losing them, but dont listen to your salesman when he suggests that you can offset all your maintenance fees in this way. And if he says the answer to all the worlds problems is to just buy more points from him...dont listen to that either
There will be many more vacations to come and Wyndham sales will still be there to try and squeeze more money from your wallet. Never fear you will certainly get another chance have some funand I thought I would have an answer to everything. But I didn't have to use any of it.
The Venture card has and annual fee I believe. And I am always looking for one with no fees.