Rewards Checker Discussion

zolablue25

jonthedog wrote: »

I'm sure no dedicated moneysaver has occasion to buy a holiday at the full brouchure prices that often...

Unless you have to take your holidays at certain times of year, say if you are a teacher or have children in school. Then if you wish to be certain of getting the destination you want at the time you need you may have to pay brochure price for your trip.

Agree with most of your post though.

nomoneytoday

It doesn't include the Shell mastercard or play.com cards - a £10,000 spend will give £100 worth of fuel or music

A.Jones

jonthedog wrote: »

This tool perpetuates the idea that people should automatically think that clubcard vouchers are worth 4x their face value when making decisions. They aren't; it's 2-3 at best.

I agree with that. We often use ours for either meals or magazine subscriptions. You can nearly always get 50% off those with vouchers found on-line. So we get 2x the value, not 4x.

VoucherMan

Quote:

'Seven rewards were randomly selected and valued per scheme. The valuation assigned is its 'real' rather than recommended retail price. For example, while a points provider will often list a CD as being worth £13, if it's commonly available for £7, we only value it at £7.
These were then used to evaluate the points worth. For example, if 6,000 MSE points got you a £24 MP3 player, then one point is worth around 0.4p. The average value of a point over the seven goods is then calculated.'

As mentioned by others many (most?) of the deals for 4p per point are widely available for less than the full RRP, so to value clubcard points this highly is not really a fair comparison. In fact I've only found one up to now -Lightwater Valley. They give out vouchers for returning customers to get in cheaper, but I've never seen any offers elsewhere.

mccorry

I have to say, that as far as BA Miles is concerned I question the integrity of the LoyaltyChecker application. It would be helpful if you could explain how you reach the fiscal figure you do in relation to the data entered.

For example, I entered 428,000 BA Miles and the LoyaltyChecker returned a fiscal value of £2,910. How did you reach that figure?

I recently redeemed 150,000 BA Miles for a roundtrip BA First Class flight to the US booked less than 4 weeks in advance. Booking using BA miles effectively makes the reservation fully flexible (changeable, cancellable, and fully refundable).

The fiscal value of a corresponding retail ticket to offer the same characteristics was in excess of £9,925.30.

I can compound your logic even further by stating I redeemed those miles during a BA 2-4-1 BA Miles sale, meaning I got two return trips for 150,000 BA miles. (Thus, best case 150,000 BA Miles = £19,850.60.)

So I have to question the nature of the calculation mechanism you apply...

(It's well known that BA miles, alongside many other frequent flyer miles schemes, are best exploited in relation to premium class travel, and less beneficial for economy class travel.)

tobiwankenobe

I'm trying to save up airmiles to head to New York, so my question's quite specific:
Is it best to use my BA Amex card to buy goods to save miles or get a tesco credit card, get tesco points and use the points to buy BA airmiles?

Tesco gives more money back if it's a direct comparison using the calculator.

meenergy

According to Rewardschecker each Natwest Yourpoint is worth £0.04. You receive 1 Yourpoint per £1 spend on their credit cards (1.25 Yourpoints per £ for the Black card). This equates to 4% (5% for the Black card), which would make Natwest Yourpoints the best scheme by a mile! I presume Rewardschecker is incorrect??

PepeLePew_2

meenergy wrote: »

According to Rewardschecker each Natwest Yourpoint is worth £0.04. You receive 1 Yourpoint per £1 spend on their credit cards (1.25 Yourpoints per £ for the Black card). This equates to 4% (5% for the Black card), which would make Natwest Yourpoints the best scheme by a mile! I presume Rewardschecker is incorrect??

I was just thinking the same thing myself

You've got 2,752 points
from the Natwest Yourpoints scheme...
Value of 1 point: £0.04
Total value of points owned: £110


However if you go on natwest dot com/yorupoints website - sorry can't link as a newbie

These are the paltry rewards on offer

Reward YourPoints*
M&S £10 voucher 2,000
Amazon.co.uk £20 voucher 4,000

As a separate point I'm surprised that the Shell Drivers (or V-Power) club is not listed in the points listing

Taffy99

MBNA Play.com credit card
£1 to spend at Play.com for every £100 spent
(1 point worth 1p) - or slightly less when taking tunechecker.com into account :rotfl:

brendac

I checked my Nat West points today. You use a base of each point being equal to 0.04p, but when I came to spend my points, which according to the checker (£550 for 13,745 points) I could only get flights worth around £65 and when I checked about getting vouchers (M&S, Boots, Harvey Nichols) they are all coming out as £5 per 1000 (in multiples of £10). I can't get my points tally to be cashed in for anything like your checker suggests. Am I missing something here? Where can you get the value you have put on these?