Luxury vs Budget Hotels: When to Use Points or Cash
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- Опубліковано 3 січ 2020
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"A happy player 2 makes a fun game." ‐ Legend -
;)
Haha, So true!
This video was really informative. Loved when you said “you really need to figure out what works best for you”. This is true. Each person is different.
Yep! I know some people who LOVE first/business flights but don't care at all about hotels.
The inverse as well (me last year).
I'd like to hear about economy stays and how credit cards might benefit me there. thanks
For example, while I have used points for top properties with nightly rates of $1500+, I have also used Hyatt points for economy redemptions. For example, I have booked Category 1 Hyatt properties with club room for only 7K a night at properties with nightly rates of $250 a night. I would recommend getting the Hyatt credit card as you are pretty much guaranteed to come ahead of the annual fee due to the free night and you can earn valuable Hyatt points. Then later if it makes sense after your own calculations, I would work on building your Chase Trifecta
CSR + Hyatt is my go-to recommendation for economy stays.
If you're over 5/24, Amex Hilton cards can be great too given the high multipliers.
Yes, great idea.
Love your thought process videos! Please make more of these videos! Thank you!
Sebby, thank you so much for the quintessential information shared throughout your channel about Credit Cards. Kudos!
Thanks for watching Bryan :)
I really like what you said here. Kudos indeed!
Sebby! I want to hear about the "regular" hotels as well! If those videos "don't do well," maybe you can reframe them as "finding good deals"... It would be interesting for you to break down a trip and discuss YOUR playstyle/priorities...
Will test this for the Paris trip :)
Thanks for the video guys. I pretty much use my points for something I wouldn't spend the money on or if a trip is getting higher than I'm comfortable with.
Thanks again for an informative video! I prefer to use points whenever the cash price would otherwise prevent me from staying at a particular hotel. Thanks to this video I sent two status match requests to Best Western using Hilton Honors Gold and IHG Platinum Elite statuses. I noticed many Best Westerns throughout Paris last Fall. Since we’re returning to Paris next Fall for another three weeks, I figured looking into their offerings is a good idea.
Let me know if IHG Plat still matches to BW Diamond :)
I agree, it all depends. I use points for premier flights, pay cash for hotels. Your French is good...
Awesome content !
Thanks for the video ! Very informational :)
Thanks Fana :)
Good video and refresher. Essentially it comes down to if the math works out and it’s a good redemption. And agree that everyone’s situation may vary so just do what’s best for you. ❤❤
Same for hotel point redemptions: 2x or higher otherwise $100-$150 per night cash is pretty comfortable for me. Thanks for your perspective, Sebby!
Thanks for the support :)
Awesome view Sebby!!
😍
Been awhile, happy new year!
:)
I appd my first hilton card because of this channel
🤙🤙
you guys will love it, I am French myself enjoy Paris
The trip is awesome minus the transit strike :)
Please make videos with actual case scenarios. Example - Different options for a student or family (3 plus). Different options for a frequent flyer. Different options for business with large spends.
I've been using typs for hotels mostly since citi dropped their delay/cancellation insurance. Between premier and rewards+ combo, i net 1.41 cpp in portal. Not the greatest value, but solid, since i signed up when premier was 50k a.f waived, then matched to 60k. Once in awhile i use csr portal, points, or cash rate, depends on price. Been averaging about 3 to 8k points per night. Thanks for the vid!
Interesting use case for TY points, especially if not focused on premium cabin for flights:)
@@AskSebby yeah, not much interest in biz/first. I figure since i can stay stocked with enough chase pts, that AA and typ have become burner points for me. You can book a lot of econ 1 ways with just 1 bonus. Once the year is up, assuming I've burned all of my typs (almost there lol), i think I'll pc to DC, to start the 24 month clock. The other option is to eat the fee 1 year, to open the prestige next year, but don't think its worth it
I've been WAITING ON THIS TOPIC!!!! LETS ROLLLLLLLLLLL SEBBBBBBBB 🤙🤙🤙🤙🤙🤙🤙
🤙🤙
Mastering French while showing your international CC game. Well played!!
You you need to show us more of Ms Sebby dang
Eagerly awaiting Sebby's CSR Rumor video.....
I’m entirely comfortable paying for economy tickets for flights. Don’t really have interest in business/ first class. I like to redeem Chase points at at least 2 cents per point because of Hyatt and with Amex I’m happy as long as I’m beating 1.25 cents at the Schwab cash out rate.
Hyatt + Schwab cash out seems like the perfect fit. Especially if you combine it with Scotts Cheap Flights (and the like).
Can you do a video on all the cards you have and how you use them? Daily drivers vs sock drawer cards etc.
I don't want to get doxxed. I talk about what's in my wallet already and it's pretty easy to spot my sockdrawer cards (mostly hotel ones).
I would love to see a video on best way to redeem points for a family. I am looking to redeem my 60k point from Amex platinum. Personally i do not care as much for high end options and focus more on budget friendly deals. Also not sure if you know this, but Amex waives the platinum annual feel each year for active military. This was the main reason I got this card.
I aim to get around 2.5 ccp for Chase UR points which usually comes through Hyatt reservations. I also used lots of Mariott points when the top properties were only 60K a night and loaded up with a vacation full of St Regis properties. All in all, I don't think it matters what brand but instead to determine target valuation and make sure you are beating that every time. For stock lovers out there, the analogy is like how day traders try to beat mutual funds, points users try to beat the no AF 2% cash back credit cards.
I did the same for 60k Marriott bookings. That's why I did Bora Bora and Maldives last year; I'll HAPPILY lock in 60k now vs. 85k (technically 70k to 100k) later.
Hahaha 😂😂😂 that blue screen
🟦
Hi sebby whats the watch you are wearing?
Hi ask sebby from Orlando Florida, can you please do a update video using chase points to go to Bora Bora in 2020 given the change to the IHG card anniversary night. Thanks
I'd probably just use the IHG points to do 1-2 nights in Le Moana or Thalasso; resort hopping is ~$20 to ~$75 per person (depending on mode of transport / willingness to hang out in the main town).
Hi! How do you determine your outsized value for economy stays using points? Do you compare how many points are required and factor in the average point valuation for that hotel chain and comparing that cost against only paying via cash spend?
It's on a hotel by hotel basis; if redemption >= 2 CPP, then outsized value.
Well, I for one am very interested in your budget hotel stays. For example, if I'm on a long road trip, I will typically book a cheap room with points somewhere along the way. I will only be there long enough to grab a nap and shower before hitting the road again. So I'm looking for Value over a premium experience.
Status matched BW from Hilton due to Amex platinum. I have enough points to pay for 4 free nights when I can do something fun.
Nice :)
I like to use points when I can take advantage of a free night with Hilton's and Marriott's benefit: use points for 4 nights, get the 5th free or IHG: use points for 3 nights, get the 4th free.
Thx , I always love to save money, I born in Europe, but I’m dual citizenship and I know Paris really well better than many locals, I do recommend go at The Peninsula hotel Roof Top, is an airplane…... Le Perchoir BHV , Rue de Rivoli. (Roof top, amazing picks ). Sorry for my manners. Happy New Year to both 🍾🍾🎉🎉🎉
Thanks for the recommendation :)
I have a question, if I book a hotel through Hyatt's website, does it count as 5x points or just 2x for regular traveling, I compared the prices between the two and Chase is a little bit more expensive but it's a guaranteed 5x points. However, I'm leaning toward the Hyatt's website because it's cheaper. Does anyone know how many points do I gain if purchase a hotel through Hyatt's website?
Do you get to keep the best western status after the first year
I have a unique situation. I live in your general area (im in east bay) and I would love to see strategies for cheap weekend hotels for family road trips. For instance I have 2 small children, so if we drive to Sacramento its worth getting a hotel because tired kids make for a bad time! Lol.
Hyatt points work well here. Otherwise Airbnb might be a good pick for a few days.
Yeah, I think having kids changes things.
Right now, because we have two kids, the best value for points is typically resort properties with amazing amenities, pools, beaches, activities... I will usually save all my hilton and marriot points for a 4+1free plus any free anniversary nights I have to get a full week or more resort vacation out of my points, and just use 4 nights worth in points... I would happily use my points at a Waldorf or other luxury resort because of the high value staying with 4 people in a single room if spending all our time on property anyway... I think once kids are older, this will change because we will be able to enjoy more adventurous trips and want to explore different cities and drive around etc. and probably staying at air bnb will make more sense, but while kids are still young, long drives and walks and transit with kids in tow are not my idea of a fun vacation... Rather just relax on a beach or by an amazing pool and eat good food...
For shorter stays I will typically try and use (last year) the Venture One card for the 10x points multiplier, or pay cash and get 4th night free using the Citi Prestige...
Travelling with kids, the expensive part is airfare since you are paying per person (whereas hotels you pay just one price for the night for the whole family so a nicer property with breakfast for 2 is much more worth it imho)... Amex and Citi points, gift certificates, and any airline miles accumulated with airlines are typically used to cover the airfare for 4 people so the goal is always to get the cheapest and most direct flight in economy... A seat upgrade for one person really doesnt add any value if you have a family, since we would much rather all sit together anyway... The nicer thing would be access to the lounge or a Priority Pass restaurant where the whole family can enjoy food and chill...
For trips where we really won't be spending alot of time at the hotel, we typically will use the Venture or Citi prestige card... Or I booked once this year using the amex platinum using their portal when I found a decent room rate
I actually booked with cash for Disney World, we would not be spending the majority of time at the hotel so that means getting a value property with convenient access to the parks and decent enough room... For us this meant staying at one of the Value Resorts at Disney World, which is kindof like a Disney themed motel, not bad but the hotel wasnt the point of that trip... But nice thing about the Value Resort at Disney World is that you have free transportation to all of the parks, and there are on property amenities if you do decide to relax a bit, like pool, parks and laundry and at ours, a little semi outdoor theater playing disney movies... Just paid for that using a new credit card I was working on a signup bonus for... Those value resorts at Disney are actually not that expensive ($100-$250 a night) which is not that different than staying at a regular hotel off property, so its worth it imho given the convenience of getting to the parks
Do you have the Chase Disney debit card? Any tangible value?
Ask Sebby Hmm... I didn't consider that card... We bank with BofA, so don't have that...
Looking at it now, seems okay since its not a credit card and won't waste a 5/24 slot - most interesting thing about that debit card seems to be the 10% discount for disney merchandise of $50 or more, and 10% off at select dining locations... But I'm not sure how useful that would be for us... I think when at Disney, since you are typically eating whereever you happen to be, or you are making reservations via the Disney app, usually the best bet is to book just the restaurants you are interested in, and "character dining" reservations in the mobile app... The app lets you search availability and plan your schedule along with your ride fast passes which let you skip lines on rides. I don't think I would use the Disney Debit for dining because I wouldn't want to figure out which dining places are 10% off and let that dictate schedule or plans... Dining at the park codes as "restaurant" usually, so I feel like its just easier to use the Amex Gold card for dining... I was actually working on a retention bonus on my Amex Business Gold card so that card got all my dining spend on that trip... 4x on dining plus the retention offer bonus...
Interesting that there is a "Chase exclusive" character meetup... But for character meetups, I feel like the best option is always to just book a character dining experience. Kids get to meet characters without any kindof line or wait, and you anyway need to eat...
Ask Sebby By the way, another interesting perk related to theme parks is the Amex Lounges at Universal Studios Hollywood and Universal Studios Orlando... We didn't go to Universal this trip, but actually if you pay for certain tickets using an Amex card, there is an Amex lounge at the parks you can go to
Hi Sebby, what’s the best way to deal with the situation where you use a hotel credit card, but the hotel charges were not correctly recognized, and you miss a tons of points because of it. In my case, it was Intercontinental Phuket, I couldn’t get the manager there to respond emails
Maybe try contacting corporate? Hard to say really :(
Lol, love the BSOD
Proof that Sebby is a robot. Runs into door => BSOD.
With the Venture / Venture One 10x on hotels. com multiplier going away end of January, what will be the next best options for non chain hotel spending in 2020?
Samuel Sze Amex green card for me.
I include the tax in the calculation, so a $100 room may really cost $112. I only use points if I can get at least .9 cents Marriott, .5 cents Hilton, 1.5 cents Wyndham. Partially points are especially effective for the latter.
Marriott points were interesting too when the cap (even for top tier) was 60,000 / night.
That's actually why I did a bunch of hotels in 2018/2019; 60k vs. 70k/85k/100k.
Oh man I was just in Paris. Could have met up lol.
I need that Disney world video
It's crazy how expensive Disney World can get (was looking into doing a video on it).
CSR used to let you use points to get into the resorts. Now the most likely candidate is using Chase or AmEx points for Marriott points, then using that for nights at the Swan and Dolphin Resort near Epcot.
Today I learned Sebastian is a little afraid of heights! 🤣
My player 2 and I are looking to go to Paris. Do you guys speak the language or do they speak ours so we don't have to worry about it?
Our french is limited to: hello, goodbye, my name is, I don't know, where's the toilet
English is fine depending for a lot of places.
Start showing 5000 hyatt point spots?
I like Best Western and in fact thought about applying their co-branded credit card but not attractive so didn't!
It might be worth it; there are some premium BW properties in Europe.
Mao-Hsin Shen yeah I status matched to get diamond but I’d rather use another card.
I did business travel with BW and accrued a ton of rewards points that can easily transfer and never expire. It's a solid hotel chain.
Ask Sebby I may rethink that then! I have some travel planned!
I hear you on the average view time. I’ve noticed my audience doesn’t care about what I’d mostly like to talk about, they want to hear about stock analysis. I like talking about life lessons.
End up not being sure whether to continue talking about what I’m most interested in or what my audience is most interested in hearing about, especially given the fact that my current audience is so small at the moment?? 🤔
I would focus on what works. Maybe scale out a 2nd channel for a different topic once the main channel grows.
i.e., I would LOVE to do a tech review channel but the space is saturated. Maybe in the future with more bandwidth? Right now, it's tough.
Ask Sebby
Right. I’d like to have a gaming channel one day.
@@CaseyBurnsInvesting If you're looking to do gaming, I would just do Twitch. Most YT gamers I've watched have moved to Twitch.
Keep me updated if you actually start one / let me know what games you play :)
By paying cash you mean paying with a credit card right ?? And which one ??
Yes cash = card in this case. CSR is the go-to pick for misc. travel (car rental, Airbnb, $30 helicopter ride, boat ride to different islands, etc.)
@@AskSebby ok thanx sebby
For me, a 1-3 night stay is cash and more can be a mix. You want to build for the really nice trips or at least get a huge discount with a cash + point mix (>2 cent per point).
Not everyone makes $200 - $500k per year, FYI. Keep up the good work.
Yep, hence the different priorities. It's the same reason why I might do a "student cards" video and then a "Maldives trip!" video.
I've gotten thank you messages from KFC fry cooks (fixing credit score) to doctors (honeymoon trips).
Sebby has lost touch with the common folk being in lounges, upgrades to business class or higher, or all the traveling he does.... Us common folk ride in the back, the services people don’t know our names, and traveling is only a dream.
@@smusgrav I fly economy the majority of the time?
It's actually mind numbing that software developers at FANG companies make 300-500k/yr. Like I understand that they are likely somewhat more skilled than your average software engineer that makes lets say 150k in a MCOL area, but being paid 2 or 3 times as much? The cost of living is obviously absurd in silicon valley, but it all just smells of being a house of cards.
NFL WILD CARD SATURDAY SQUUUUUUAAAAAAADDDD!
🤙🤙
@@AskSebby I appreciated that Office Space reference. Damn it feels good to be a gangster!
Do you have to live in "the big city" like seattle, Bay area, LA or even areas of New York to be an internet nomad though?
Nope. Tons of people -- if not most -- do Bali.
The main keys tend to be: fast internet + runway given your burn + network of like-minded people.
If I were to do the digital nomad thing, I would probably city hop every month in Asia (i.e., Tokyo, Kyoto, Seoul, Bali, Singapore, etc.)
I generally prefer cities though.
200k - 500k salary typical after 5+ years of tech experience in Silicon Valley. Do the majority of software engineers achieve this? Or are we talking about the top 10% skilled software engineers?
All-in salary includes stock compensation which may be worthless at some startups.
Most base salary is in the 100k to 200k range (YMMV): sf.curbed.com/2018/6/26/17505550/low-income-limit-2018-salary-san-francisco-families-hud
I am funny, because I MUCH rather get more nights and flights vs first class or paying for a suite.
Sebby is living the life!
👀 (eye eye)
make some family friendly videos man. we are all dealing with kids now days
The new intro was cool. Slow down that pan shot a bit.
Thanks Michael!
Just don't waste time looking for your stapler.
🏏 (baseball bat)