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For the last 2 years, one of the best deals of the yearly Daily Getaways has been buying Wyndham hotel points at a very cheap rate. This is one of the BEST deals of the year!
Besides using these points to actually stay in Wyndham hotels, you can use Wyndham points to:
1. Earn Cheap Airline Miles. 2.5 Wyndham points convert to 1 airline miles (US Air, American Airlines, and United being the most interesting transfer options). You also get a 10% discount if you make your purchase using any American Express card.
For example, you can buy “1 night at a Super 8 for only $55.” But you would not get a 1 free night certificate, but would instead get 16,000 points which you can redeem for 1 free night at a Super 8.
Of course, you don’t have to redeem the points for your free night, but can transfer them to other airline partners.
In the above example, you are buying 16,000 Wyndham points for $55. But you can transfer these 16,000 points to 6,400 airline miles (16,000 Wyndham points/ 2.5 Wyndham points per airline mile).
The end result is that you’ve bought 6,400 airline miles for $55 or 0.86 cents per mile. And the price reduces to 0.77 cents per mile (0.86 cents per mile – 10% or 0.086) if you were to pay with an American Express credit card!
Travel By Points has a great summary of the deal and an excel spreadsheet which tells you which package is the best deal (they all are!).
If you were quick enough and could buy the maximum amount of points, you could get a total of 76,000 American Airline miles which is almost 2 round-trip off peak awards in coach to Europe (40,000 AA miles each).
2. Top-up for the Southwest Companion Pass. Million Mile Secrets Jung points out that you can transfer Wyndham points to Southwest and the points do count towards the Southwest Companion Pass.
For example, you could buy 16,000 Wyndham points for $55 which will convert to 4,800 Southwest Airlines points. This means that you’re paying 1.15 cents per Southwest point (5,500 cents / 4,800 Southwest points), or 1.03 cents per point if you purchase the Wyndham points using an American Express credit card.
This, by itself, is a great deal because each Southwest point is worth 1.6 cents towards Wanna Get Away fares. So you’re effectively getting a 35% discount on Southwest airline airfare by buying Wyndham points and transferring it to Southwest.
And if you’re looking for 10,000 Southwest points to top-off your account for the Southwest Companion Pass (assuming you got 100,000 points from credit card sign up bonuses), you’d need to spend only ~$110 for the extra ~10,000 points to get the Southwest Companion Pass status!
3. US Air Grand Slam. If there is a US Air Grand Slam in 2012, it could make sense to stock up on Wyndham hotel points to transfer to US Air during the Grand Slam. Mommy Points has a great post explaining the details.
This won’t be easy
I do NOT expect it to be easy to get these points because a lot of folks will be after them! I’ll be in all day meetings for most of this week, so I’m not going to be able to get them. 🙁 I also won’t be able to get to the blog comments quickly.
If you do decide to participate, be sure to be at your computer a few minutes before the offer starts (12 noon EST) and to either click refresh or press “F9” to refresh the page to see when the offer is available.
And don’t worry if you’re not able to get the points in you cart at first. There are always point packages which get returned since folks don’t buy them. Don’t give up until it says “Sold Out.”
Sign-up for a Wyndham rewards account BEFORE you attempt to buy the points packages, because you will be asked for your Wyndham rewards account number.
Bottom Line: Buying Wyndham points through the daily getaways could help in many ways. But there are limited packages and lots of folks will be after them. Good Luck!