Jen and Ashwin
DIS Veteran
- Joined
- May 28, 2015
- Messages
- 3,149
I cruised through the MyPoints redemption area last night & it found the redemption value varied depending on what you cash out for. I did a handful of back-of-envelope calculations, but from what I gathered, 1.4% is pretty much best case scenario. Cashing out for lower amounts with more popular or liquid avenues resulted in a return rate of much closer to 1%. I haven't done an exhaustive comparison, so if I'm way off here, please let me know.
It may be still worth it to not have to buy and/or ship unnecessary items to qualify for a 2% rebate, but just wanted to make sure everyone understood the numbers involved.
Yes. I am not a fan of Mypoints as a shopping portal for exactly this reason. The cheapest redemptions are not for Target or eBay. It is for places like Macy's. I earn on Mypoints when there is no other shopping portal (West Elm) or through email clicks, but the redemption rates aren't great and points have been devalued over the years.