Free Washer from Best Buy

[PatronWizard11]

I know .07 points per dollar wasn't the best redemption for my AMEX Membership Reward Points but this washer was calling our name. The points came from the most recent 100k sign up bonus a few months ago. I am going to repair and clean the moldy front loader and sell it or donate it, we'll see.

http://www.bestbuy.com/site/lg-5-0-cu-ft-14-cycle-high-efficiency-steam-top-loading-washer-graphite-steel/1540212.p?id=1219054918696&skuId=1540212

[Rubic]

Nice.  Regardless of your conversion rate, you made a useful purchase with your MR points.  Well done!

[IndyPendent]

Nice! If I might ask, which 100K card was this?


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[Metric Mouse]

Shiny. I like the color.

[h82goslw]

Can't wait for my front load washer to die so I can go back to a HE top load.

[PatronWizard11]

Nice! If I might ask, which 100K card was this?


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It was the 100k Amex Platinum. The offer had been out for a while but not public, once it hit the internet it lasted less than 24 hours. it happened once last year too but I didn't get it then obviously. I felt i could dump them since I already have my next 3-4 vacations paid for with CC points, these were just extra extra.

Can't wait for my front load washer to die so I can go back to a HE top load.

Our Front load is terribly difficult to keep mold from showing up. we never shut the door after a wash and clean it all the time, it was sooo annoying. If you neglect the cleaning any your cloths would start smelling stale.

[Rubic]

It was the 100k Amex Platinum. The offer had been out for a while but not public, once it hit the internet it lasted less than 24 hours. it happened once last year too but I didn't get it then obviously. I felt i could dump them since I already have my next 3-4 vacations paid for with CC points, these were just extra extra.

You're going to keep your Amex Platinum card until the anniversary date, right?

I just closed my Ameriprise Amex Platinum last month (25K MR points, $400 travel gift cards, $100 Global Entry fee reimbursement) because the annual fee was waived for the first year.

[TheAnonOne]

TECHNICALLY

A point redemption is only savings or 'worth' anything if it displaces an expected expense that you would have had spent anyway.

Example.

1. You spend 100,000 points on a trip to Hawaii but it's really just a "found" trip that you would not have had spent anyway. The trip itself would have had cost $5,000 but did you really "Save" $5,000? No. You would have had never taken it without the miles.

2. You NEED a new washing machine, and use your 100,000 miles on a $700 washer. Did you actually save $700? That depends on if you had to spend your own money would you have had purchased that exact washing machine? Let's say "NO" and you would have had purchased a $500 model.

So under those two, option 2 was actually the better option but having only saved $500 and ending up with a better result (A washing machine that cost $200 more than you WOULD HAVE spent)


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These "value" discussions are interesting. It's like when someone goes to the mall and tells you that they "SAVED" $150, by buying shoes that were marked down from $200 to $50. When in reality, said person would have had NEVER spent the $200 in the first place. So they really didn't "save" $150, they actually lost $50

Now in your case, you actually used the miles in perhaps the BEST WAY YOU COULD HAVE by displacing expected expenses.

Congrats

[PatronWizard11]

It was the 100k Amex Platinum. The offer had been out for a while but not public, once it hit the internet it lasted less than 24 hours. it happened once last year too but I didn't get it then obviously. I felt i could dump them since I already have my next 3-4 vacations paid for with CC points, these were just extra extra.

You're going to keep your Amex Platinum card until the anniversary date, right?

I just closed my Ameriprise Amex Platinum last month (25K MR points, $400 travel gift cards, $100 Global Entry fee reimbursement) because the annual fee was waived for the first year.

till january so i can take advantage of another $200 Amazon Credit then close it.

[PatronWizard11]

TECHNICALLY

A point redemption is only savings or 'worth' anything if it displaces an expected expense that you would have had spent anyway.

Example.

1. You spend 100,000 points on a trip to Hawaii but it's really just a "found" trip that you would not have had spent anyway. The trip itself would have had cost $5,000 but did you really "Save" $5,000? No. You would have had never taken it without the miles.

2. You NEED a new washing machine, and use your 100,000 miles on a $700 washer. Did you actually save $700? That depends on if you had to spend your own money would you have had purchased that exact washing machine? Let's say "NO" and you would have had purchased a $500 model.

So under those two, option 2 was actually the better option but having only saved $500 and ending up with a better result (A washing machine that cost $200 more than you WOULD HAVE spent)


------------------

These "value" discussions are interesting. It's like when someone goes to the mall and tells you that they "SAVED" $150, by buying shoes that were marked down from $200 to $50. When in reality, said person would have had NEVER spent the $200 in the first place. So they really didn't "save" $150, they actually lost $50

Now in your case, you actually used the miles in perhaps the BEST WAY YOU COULD HAVE by displacing expected expenses.

Congrats

Yes, I agree. When I talk to people about how I redeem a $6,000 Hawaii vacations with points I never say "I saved $6,000" but that "I was able to take a $6,000 vacation."

You're right, a few years ago before I started playing the credit card points game I told my co-worker that I will NEVER go to Hawaii and I meant it (there is NO way I could justify the cost for airfare much less the price of decent hotels there). That was before I knew it was possible to do it for free, now I have no reason to not go if it's paid for in full and I can take my family.

[boarder42]

but where are you planning to put this washer if you're homeless. 

[MilesTeg]

Oh look, your clothes can now be made slightly damp and well vibrated for free!