Jump to content

I have 1.5 million credit card points I’ve been amassing for 15 years. I think of them as my emergency fund. But at this point, should I cash them out?


hegemony
 Share

Recommended Posts


Posted (edited)

I have over 1M in Chase URs which I have been collecting/saving for the past 3-4 years.  That said, I do I have a plan for redemption next year towards 2 Int'l F tickets at a location to be determined, and to cover some/all of the hotel expenditures.  I did a similar thing in 2018 and took a 2 week vacation to Europe, with points paying for flights in F and 11/14 hotel nights.  I also used ~225k to purchase a biz class tickets to Europe this year.

 

I have not been hoarding for 15 years however and certainly don't consider them part of my emergency funds...once I have unloaded these points I will re-evaluate my spending patterns and rewards preferences.

Edited by CTSoxFan
Link to comment
Share on other sites

  • 1 month later...
On 5/16/2022 at 5:07 PM, PotO said:

Yes, they should immediately cash out their points ...

... for psychiatric care.
 

 

Rather than viewing CC rewards as "money in the bank," perhaps they might more accurately view them as money lying on the sidewalk outside the bank, and act accordingly.

 

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share




  • Member Statistics

    • Total Members
      184,374
    • Most Online
      2,046

    Newest Member
    Jei
    Joined
×
×
  • Create New...

Important Information

Guidelines