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Priority Club is running a 50% bonus on purchased points through November 22, 2012. This means that essentially you are purchasing each point for as low as .77 cents apiece – which can be a great value if you know how to maximize Priority Club points.
Priority Club “sells” points normally at .8 cents apiece when you do cash & points redemptions (for every $40 in cash outlay, you save 5,000 points) and those points don’t count towards status while the official purchase promotion does. Platinum is earned at 60,000 points and that’ll get you a 50% point bonus on paid stays and some other small perks like room upgrades and guaranteed availability.
This could be a way to get multiple nights at Priority Club hotels (Intercontinental, Crowne Plaza, Holiday Inn, Hotel Indigo, etc). Reward nights start at 30,000 points and go up to 50,000. With cash & points, you can save up to 10,000 points per night by spending $80, so award nights start at 20,000 points and $80.
Naturally, points are more valuable when you redeem for rooms that cost more money. Priority Club is great too because they have over 4,500 hotels worldwide versus just 1,076 Starwood hotels and 492 Hyatt hotels, for example.
Priority Club also runs PointBreaks hotels frequently that only cost 5,000 points a night. With this promo, that would mean free nights for only $38.50! They usually have some Intercontinentals on the list (and I recently stayed at a PointBreaks Intercontinental in Phnomh Penh). Due to a conference, rooms were going for $200+, so I almost felt criminal getting it for only 5,000 Priority Club points a night!
Overall, Priority Club points aren’t the most valuable hotel currency, but they have some amazing redemptions that might make this promotion worthwhile. Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.