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Travel is best bang for buck
Travel, specifically transferring to airlines/hotels. Merchandise is biggest ripoff
Transfer to avios for short haul redemptions
Or Aeroplan for long haul premium cabins
Transfer pts to an airline or hotel loyalty program.
Do you do a lot better than $0.01/point on these travel transfers? I need to dump my points in the next few days to avoid the fee and was thinking of just doing a bunch of gift cards at $50 for 5000 points.
You absolutely can. Point transfer redemptions can easily top 1.5/2 cpp
Which ones do you do? I live in an American hub and have all my miles/status with them (not on MR transfer) and the 1000 points for 333 starpoints is not a great ratio. I also don't have any upcoming trips that I know I can redeem points right now for.
Explore transfers for international airlines. Air France/KLM monthly discounted awards, JFK-BRU on Brussels with Etihad miles, KrisFlyer to fly in Singapore Suites, etc. can offer fantastic value