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It's the age-old question: should you redeem points or pay cash when you're booking a flight or hotel? What are the factors that go into making this decision?
In this video, I share with you some of the guidelines and principles that I personally follow when making these decisions, allowing me to optimally allocate my budget of both cash and points in order to meet my travel needs.
On one hand, you need to consider whether a points redemption offers enough value, taking into account the fact that you get to earn additional points if you paid cash instead. On the other hand, points are deflationary by nature, so you always need to earn and burn!
0:00 Introduction
0:51 Getting Good Value for Your Points
5:58 Maximizing Rewards on Cash Bookings
9:39 Points Are Deflationary
13:11 Pay Cash, But Not Out of Your Own Pocket
15:08 Conclusion + Flight Footage!
Thanks to HSBC and the HSBC World Elite Mastercard for sponsoring this video. You can find more information about the card here: https://tinyurl.com/yxh27z84
And apply here: https://princeoftravel.com/apply/HSBCWorldElite
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