Monday, August 18, 2014

Called to check on transferring to IHG points - current pricing is $19 + $5 per 10K with a $69 minimum.

Called to check on transferring to IHG points - current pricing is $19 + $5 per 10K with a $69 minimum.  Ratio is 5:4, so $69 and 100K HICV gets you 80K IHG points.  You can use current year points until 10/1 and future year points by prepaying maintenance.  It takes up to 3 business days to transfer, so you can't use it if you need to book right away.  

I did a cost analysis and the value is not tremendous.  Based on what I pay for my HIVC points, if you transfer 100K, I come up with around $33 per 5000 IHG points - so $66 for a 10K room and $99K for a 15K room.  No hotel taxes on hotel rewards redemptions, so the pricing is usually better than you could get by booking directly, but not as good as something like Priceline.  I just stayed in a 15K room that was out of rewards bookings for $79 including taxes via Priceline, but on Orbitz the price was $160 (~$190 with hotel taxes), so if you are scared of the uncertainty of Priceline, then it's not too bad.  

I maintain balances in Starwood, Hilton, and Club Carlson so usually I can find a much better value than IHG points provide, but a 10K room would be comparable in my cost for a 10K Hampton stay, which we do occasionally in areas that don't have Starwood or Club Carlson properties.  I value other points based on 2% credit card rewards, since I can shift spend from 2% cash back cards to points cards as needed to maintain points balances.  We regularly stay in 3K Four Points rooms ($60 at 1pt/$), 15K Country Inn & Suites rooms ($60 at 5pt/$ for 2 nights with Gold card and 2nd night free), and 10K Hampton rooms ($67 at 3pt/$).  All three programs have a category cheaper than this, but we almost never stay in places that have such rooms, so I am guessing that IHG would rarely be the best value.

I purchased a South Beach unit and another Lake Geneva unit - the South Beach unit is Odd, so I'm curious how much...

I purchased a South Beach unit and another Lake Geneva unit - the South Beach unit is Odd, so I'm curious how much it will cost to borrow 2015 points given that half of maintenance was already paid in 2014.  

Also, I'm wondering how odd/even timeshares count toward membership level?  Once these are transfer are done, I'll be at 145K annual and 150K odd, so won't be able to tell yet if the 150K fully counts towards the 300K membership level or not.  

The Lake Geneva unit has 2014 points available, so I'm curious if those will actually transfer.  

I'll update the group with my findings once the transfers are complete.