When you guys book hotels and flights for friends with your points/miles how do you approach being paid back? I never know how much to ask for in return...

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Ask for nothing in return

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"Buy me some drinks"

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Yeah I assume when a friend is offering to book with points or vice versa that they're (or I a) offering for free and will probably get paid in a few rounds of drinks. Unless you explicitly say I can book for us to get status perks or something. Then just charge market rate.

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🍑

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Don't do that Mck, it's tacky. Let him buy the ticket at market price.

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I don't unless giving it as a gift

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It's a gift, unless negotiated in advance and then I'd expect to receive no more than 30-50% of what their costs would've been without your points (typically payable by dinner and drinks)

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I usually take the lower of the points to dollar value (find the conversion on TPG) or the corporate hotel rate for that stay. If those are still ridiculous ill look up the corporate rate for a non-peak stay and go with that.

Convert whatever you paid in points to dollars and then split. There are cases where paying in dollars would have been cheaper, in those cases I just use the lowest dollar amount for splitting and cover the difference.

I'm not talking about a nice gesture you do for your friends occasionally. I'm talking about when a buddy wants to avoid a high $ price so asks you to book for them in miles.

I don't ask to be paid back.

I've done it once when the market price went up significantly from the last time we checked (for a group trip). I offered to pay with points if they paid me the original rate before it went up (e.g. It was $250 a night and went up to $375).

Usually about 30%-50% discount dependent on how close a friend and how much the price is

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