5 ways to use points to book vacation home rentals

Jun 24, 2021

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Editor’s note: This post has been updated with new information.

Vacation home rentals have always been a great tool to have in your travel toolbox, especially when traveling with a family or group of friends. But since the start of the COVID-19 pandemic, home rentals have a whole new set of benefits related to space, distance from others and the ability to be a self-contained entity with a kitchen, potential backyard or even a private pool.

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Home rentals have been great to us since we started branching out last year, but as a “points person,” I’ve been curious about the best ways to use your points to book a vacation home rental because plunking down cash gets old in a hurry. And just like choosing the best home rental for you takes some skill, figuring out the best way to redeem your points on a home rental isn’t as simple as reading an award chart and hitting “book now” … but it absolutely can be done.

In This Post

Redeem Ultimate Rewards points

Just as you can redeem your Chase Ultimate Rewards points for as much as 1.5 cents each when booking flights and hotels via Chase Travel, you can do the same for the home rentals it has available in its program (powered by Expedia) by selecting the vacation rental option.

Related: How to redeem credit card points for Airbnb

Screenshot by Chase
(Screenshot courtesy of Chase)

Naturally, some areas have more vacation rentals than others, but it is worth looking around.

Screenshot courtesy of Chase
(Screenshot courtesy of Chase)

I found some fun options, such as a three-bedroom with a hot tub in Telluride and even glamping-style Under Canvas tents in Smoky Mountains National Park.

Image courtesy of Chase Travel
Image courtesy of Chase Travel

Using my Chase Sapphire Reserve, I could cash in Ultimate Rewards points at a rate of 1.5 cents each toward available home rentals. Those with the Chase Sapphire Preferred Card would be able to do the same but at 1.25 cents each.

Related: How to redeem points via Chase Travel

Redeem fixed-value points

If you have a credit card that earns fixed-value points in your wallet (or you are looking to add one), those are some of the best types of points to use to pay for vacation home rentals.

For example, the Capital One Venture Rewards Credit Card earns 2 miles per dollar on all purchases and allows you to redeem those points at 1 cent each toward travel. (Here’s how to redeem those miles for travel.) However, be aware that while VRBO.com sometimes codes as travel, it doesn’t always code as travel, depending on who owns and manages the property, so proceed with caution in that regard.

Related: VRBO home rentals sometimes code as travel

And right now, the Capital One Venture comes with the opportunity to earn up to 60,000 bonus miles after spending $3,000 or more within the first three months from account opening.

(Photo by Summer Hull/The Points Guy)
(Photo by Summer Hull/The Points Guy)

The card I’ve personally applied for and received during the pandemic with this exact goal of points-fueled home rentals in mind is the Bank of America® Premium Rewards® credit card. For me, this card is turning out to be a points powerhouse for uses like home rentals or any other charge that doesn’t fall under any one particular umbrella.

It earns 1.5 points per dollar on non-bonus charges and 2 points per dollar on travel and dining. But it gets better if you bank with Bank of America, as your deposits with the bank can earn you up to a 75% bonus on points earned with this card via the bank’s Preferred Rewards program. Since I’m in that top tier for banking with Bank of America, it bumps up my everyday charges to 2.625 points per dollar and travel or dining up to 3.5 points per dollar. This is now my go-to card for everyday spending, and I’ll be able to just cash the points out at 1 cent each to offset what I spend on a home or cabin rental — or anything else.

(Photo by Summer Hull/The Points Guy)
(Photo by Summer Hull/The Points Guy)

Related: How to redeem Bank of America Premium Rewards points

Marriott points for homes and villas

If you have Marriott Bonvoy points or a credit card that allows you to transfer your points to Marriott (as with Amex Membership Rewards or Chase Ultimate Rewards), another avenue for redeeming points is to book a vacation home rental lies with the Homes & Villas by Marriott program.

Related: Get up to 100,000 bonus points with Marriott credit cards

Your per-point redemption value may not be as great as some other uses, so do the math before redeeming. However, if you have Marriott points you aren’t sure what to do with, it can be an easy way to lock in a fabulous home rental using your hotel points.

TPG’s Scott Mayerowitz booked a summer home rental via Marriott and had a really good experience — and benefited from the program’s current flexible cancellation rules.

(Photo by Scott Mayerowitz/The Points Guy)
(Photo by Scott Mayerowitz/The Points Guy)

You’ll also potentially benefit from more standards and support if something goes wrong by booking through a program such as this than booking a one-off home rental from an individual owner. Just know that while you are booking via Marriott’s program, your individual bookings will be turned over to property management companies that handle it from that point on.

(Photo my Scott Mayerowitz/The Points Guy)
(Photo by Scott Mayerowitz/The Points Guy)


Related: Best credit cards for home rentals

Redeem points for Airbnb gift cards

Another way to redeem points for a home rental is to cash in your points for a home rental gift card. Airbnb gift cards, for example, are available via several points programs.

Related: Book these 10 Airbnbs with your Chase Sapphire Reserve

Be careful when redeeming points for gift cards, as it isn’t always the best return per point, but it is an option. With Chase Ultimate Rewards, you can redeem points for Airbnb gift cards at 1 cent each. That’s not a great use of points from a Sapphire Reserve card, but it might be an OK use if you only have a Chase Freedom Unlimited or similar.

This story talks a bit more about redeeming points for gift cards and similar cash-out options.

Related: How to book the perfect Airbnb

Don’t forget multi-bedroom hotel residence options

While not a home rental in the true sense, don’t forget that multiple hotel loyalty programs have redemption options for multi-bedroom residences. You probably won’t have a backyard and a pool with these, but odds are good for a kitchen and multiple bedrooms.

Wyndham allows you to redeem points in multi-bedroom timeshare properties, and Choice allows you to do the same in Bluegreen Vacation properties. You could theoretically book a three-bedroom property with a full kitchen for 30,000 points per night.

Hyatt and Marriott also have multi-bedroom residence-style redemptions available, though availability is more limited than for standard hotel rooms. Keep in mind that Hyatt newly allows you to book suites online with points, too.

Villa with private pool at St. Regis Punta Mita (Photo by Summer Hull/The Points Guy)
Villa with private pool at St. Regis Punta Mita (Photo by Summer Hull/The Points Guy)

Bottom line

Your points can get you more than just flights and traditional hotel rooms — you can use them to book home rentals. If you know for sure you want to go that route as you plan your first trips since the pandemic, now may be the time to take stock of your wallet and see if you have the best card for this goal. I didn’t have the perfect card for redeeming points for home rentals, so I added the Bank of America Premium Rewards card. The perfect program for you may vary as there are many different credit cards and loyalty programs that will allow you to use rewards toward that next vacation home rental for a socially distanced vacation.

Additional reporting by Stella Shon.

Featured image courtesy of Airbnb.

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