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Coolest Credit Card Loyalty Rewards

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I’m a cash back type of credit card rewards guy; when I get my rewards, I convert them into cash, statement credits, or college loan payment certificates because in almost all occasions, converting reward points into a reward is a losing proposition for me. Sometimes the conversion rate is unfavorable, sometimes the product is over-priced (over-pointed?), but in nearly all cases the conversion doesn’t work out for the customer and that’s on purpose. However, today I spent a little time playing around with American Express’ Membership Rewards site and decided to see what the most expensive and likely coolest reward was (It’s a chef coming to teach you and seven friends some culinary delights!). After that, I hit up all the other reward programs to see what they had too and my results are below.

American Express: Personal Chef for Two

In the Dining section, the two choices you have in the 50,000 to 100,000 point range (100 points ≈ $1) is a “Two for Dinner” and “Chop, Dice & Slice.” With a Two for Dinner (75k), a personal chef will prepare dinner for two including a floral centerpiece and wine to complement your meal. All shopping, prep, and cleanup is provided. With Chop, Dice & Slice, a chef will turn your kitchen into a culinary school for you and seven friends. It includes all ingredients and instructional materials. Those were the two coolest but not the most expensive. The most expensive comes in at 400,000 points (Work and Wellness) where two wellness experts come into your office or your home for eight hours.

Citi: Sea Ray 340 Sundancer

From the Department of Ridiculous comes a reward worth 33,206,700 ThankYou reward points (100 points ≈ $1), it’s a freaking Sea Ray 340 Sundancer. A used 2004 Sea Ray 340 Sundancer on eBay is listed at $129k. There are all sorts of other high point products out there such as paintings, jewelry, and the like but nothing comes close to the 33M points needed for a boat. Makes you wonder how many redemptions they get…

Discover: Just Gift Cards

Discover’s program is pretty much strictly cashback or a little bonus if you get a gift card from one of their selected partners. There aren’t any experiences or products, just some gift cards. Nothing interesting to report (i.e. boring).

Capital One: Hot Spring Sovereign Spa

Unfortunately to view the rewards for Capital One’s program you have to register and all that jazz… I thought it was no hassle!? Oh well, I couldn’t register because I don’t have a CapOne account so anyone know what the coolest CapOne reward is”

Thanks to Paid Twice we now know the most expensive and coolest reward. Number one is a Hot Spring Sovereign Spa that seats six for a mere 1,692,000 miles. It’s a pretty cool hot tub with 1 Moto-Massage jet, 2 Soothing Seven jets, 2 JetStream jets, 2 Rotary hydromassage jets, 2 directional Hydromassage jets, 14 directional Precision jets, and a partridge in a pear tree. I’m with Paid Twice though on the coolest, a 3-Night Napa Valley, CA Golf or Spa Option package For Two for 540,000 Miles.

Chase Rewards+

Unfortunately again, Chase is the same way; without a card with the Chase Rewards+ program, you can’t see what sorts of rewards you can get. I have a Chase card but it’s not in the rewards program so I’ve been denied access.

If anyone has a CapOne or Chase card in their reward programs, mind telling me what the coolest reward or their most expensive reward is? I’m was pretty surprised to see a freaking boat for Citi but AMEX’s experiences were pretty sweet too. None of the other three programs I could view contained experiential type stuff that was as custom, though both AMEX and Citi had a sort of “request your own reward” feature where they’d quote you some point value. Anyone else know of any cool rewards?

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7 Responses to “Coolest Credit Card Loyalty Rewards”

  1. dong says:

    I’m little surprised that you don’t have a chase or capitol acounts – i always assumed you had every credit card….

  2. paidtwice says:

    The most expensive Capital One Reward seems to be Hot Spring Sovereign Spa
    for 1,692,000 Miles. Roomy enough to treat you and five friends like royalty with a seating capacity of six adults weighing 175 pounds each. Contemporary styling adds just the right look to your back yard or deck, and your regal spa experience features all the amenities you desire: 1 Moto-Massage jet, 2 Soothing Seven jets, 2 JetStream jets, 2 Rotary hydromassage jets, 2 directional Hydromassage jets and 14 directional Precision jets. Spa holds 355 gallons of water and includes a vinyl cover for protection while not in use. Measures 7’9″W x 6’8″D x 33″H. Weight: 713 lbs. *Warranted Product.

    The coolest one to me on my limited inspection is: 3-Night Napa Valley, CA Golf or Spa Option package For Two for 540,000 Miles.

    You can also get JVC 70″ Widescreen HD LCOS/HD-ILA Rear Projection Television for 1,278,500 Miles.

    You generally earn one mile per dollar spent or two miles per dollar spent at some specific things that make no sense to me (currently including book stores; gift, card, novelty & souvenir shops; artist’s supply & craft shops; florists and videotape rental stores)

    hope that amuses you. I can look up other random stuff later if you’d like :)

  3. Joe says:

    I’ve got one for you….

    The wife of one of the owners of my company wanted to be on the last Concorde flight from NY to London. Since at the time she was one of the top 10 Amex point holders in the country (Amex offers points for some business cards as well) Amex went and bought two tickets on the flight from a ticket broker, just to get her to use her points up. She then turned around and paid cash for one of the tickets, only using up a portion of the points :)

    I thought that was a pretty cool one.

  4. jim says:

    Dong: why? I have a chase, it’s just not a rewards card… But no cap one.

  5. dong says:

    Since you write so much about credit cards, I just assumed that you had a lot them. Guess it wasn’t a good assumption on my part. As for the Capitol One, I would assume you had one to avoid foreign exchange fess in your travels. Oops.

  6. jim says:

    I don’t think I write more than others but I’m at a point in my financial life that talking about credit cards is pretty normal I think. I don’t have debt, my investing strategy is mostly in index funds, I already own a home, and I’m about to get married. There isn’t really a “goal” in sight so talking about something that’s always ongoing, credit, is what I think about when I do think about it.

    No CapOne, I don’t go abroad often so I didn’t see a point to getting a card just for that.

  7. Dave says:

    I’m not sure if Chase+ is differnet than Chase Flexible Rewards, but with Flexible Rewards, you can get a 50″ Toshiba DLP TV for a low cost of 236,500 points. Its not even 1080p – sheesh, not much of a reward for spending $236,500 on thier card (At least you get free shipping).

    Here’s the description:

    Tune into this Toshiba for your favorite movies, and you’ll know why they call them “special effects.” Everything comes alive and comes at you with more vibrant colors on this high-definition screen that’s brighter than ever, courtesy of the TALEN 720p DLP engine and a Radiance lamp with Quick Restart that is 25% brighter. PixelPure Hi-Bit digital video processing creates 4,096 steps of gradation between the whitest white and the blackest black, so you get incredible detail in every picture. Integrated high-definition tuner has CableCARD slot. 47 3/10″W x 16 3/5″D x 30 4/5″H. Weight: 74 lbs. ^TV Stand for 50 Toshiba.


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