There’s no denying that the cost of many high end points redemptions has increased over the years. For example, in the case of airlines, the cost of many “standard” awards has increased significantly. Want to fly American business class from Los Angeles to Sydney? That could cost you as much as 375,000 AAdvantage miles one-way.
In fairness, Delta has similar pricing, as their Los Angeles to Sydney one-way business class pricing also peaks at 375,000 miles.
It’s crazy to think that you could spend nearly a million miles on a roundtrip business class award ticket, as that would have been unheard of a decade ago.
Well, that pales in comparison to a new points redemption that Mommy Points discovered today. Could you imagine spending 600,000,000 points for a redemption? That’s right, that’s six hundred million points.
Okay, this is sort of kind of cheating since it’s a revenue based redemption opportunity, but earlier I wrote about how it’s now possible to redeem World of Hyatt points for IfOnly experiences. IfOnly offers unique experiences (some of which you couldn’t otherwise get), and they now have a tie-up with Hyatt:
- You can redeem World of Hyatt points towards a redemption at the rate of 0.8 cents per World of Hyatt point
- You can earn three World of Hyatt points per dollar spent on a package
Well, I saw that most IfOnly packages are quite pricey, typically in the hundreds or thousands of dollars.
However, there’s one I didn’t see the first time around, which really takes the cake.
Have 600,000,000 World of Hyatt points sitting around (or $4,800,000 if you prefer to pay cash)? You could redeem for a balloon expedition over Mt. Everest.
Here’s how the experience is described:
In this truly unprecedented opportunity, you will join an expedition to soar over the top of Mount Everest in a hot air balloon, becoming one of only a handful of people to ever see the summit of the highest mountain in the world. With veteran pilot Chris Dewhirst at the helm, you and a small team of adventurers will ascend well beyond 30,000 feet in this once in a lifetime experience where you will find an other-worldly view of Everest and the Himalayas, from the most spectacular 360-degree vantage point on the planet. Adventure gifts can’t get much more incredible than this one.
This is not only a remarkable endeavor, it is also an invitation to join one of the most elite fraternities on Earth; Chris and his team were the first and only people to accomplish this feat – you could be the next. This is your opportunity write your own chapter in the annals of daring human feats and exploration. Join the ranks of pioneers from history like Shackleton, Livingstone, and Hillary as you venture to rarely-explored heights for an expedition that will capture imaginations and headlines around the world. Mount Everest represents the most daunting challenge Earth has to offer. Will you be one of the few to take it on?
Caution: Although Chris can train most people with decent physical and mental faculties to complete this journey, these experience gifts are understandably only appropriate for the most intrepid of thrill-seekers. You will need to be in moderate physical shape and able to make a considerable commitment to the project, as a trip of this nature requires substantial fitness and skills training. However, with enough enthusiasm, determination, and preparation, you and Chris will conquer one of Earth’s greatest obstacles. If you’re up to the challenge, then gear up and strap in. Everest awaits.
I think I’m going to have to earn just a few more Ultimate Rewards points before I’m able to redeem for this. 😉
While there’s theoretically no limit to how much a revenue based redemption would cost, this was my first time seeing a points cost of 600,000,000 listed.
At this point, there should be redemptions, for say, kidney transplants, free chemo, maybe a reduced price hip surgery? and other 'once in a lifetime' opportunities. I wonder if these are coming about because they have figured out people can game these programs, and they cant really close the loopholes for economic reasons.
Reminds me of 1996 when Pepsi ran a commercial that if you got 7 million Pepsi points you could get a harrier jet. Turns out someone figured out how to get 7 million Pepsi points for $700,000 and tried to get Pepsi to give them the jet. https://www.cbsnews.com/news/1996-man-sues-pepsi-for-not-giving-him-a-harrier-jet/
Using UR points and paying through Chase, the monetary value of the redemption would a mere $4M ;-)
Before "SkyMiles" and back in the 1990s and even into the very early-2000s, I use to take to the AF Concorde from JFK-CDG-JFK for 200,000 Delta "Frequent Flier" points roundtrip and did so 8 or 9 times...and with not much charged in taxes/fees either...AND...the AF Concorde seats were ALWAYS available for my first choice in travel dates and ALWAYS at the same redemption rate. Can you imagine?
Maybe there is some politician that we can pool our points to give the experience since there is no value to them. :)
Disregard comment above. So bad...
But think about the CPP though!
@Ben, 30k ft is certainly feasible for a balloon. Remember, Felix Baumgartner jumped from a balloon at 120k+ ft.
Points aside... that costs $4.8m?!?
I'm pretty certain you could do orbit for less.
Just my take but I don't see 750,000 as being nearly 1,000,000.
Yikes, I'm grumbling about 195,000 AA miles DCA-LAX-SYD in business as a back up for RTW17 - this would be backup for Korean JFK-ICN-SYD in 1st for 110,000 miles. Hopefully Seoul will be there next month and I'll only be out the $150 redeposit fee. Plus I really want to fly on KE B747-8i
That’s up there with the 25,000,000 USAir miles for a trip into space back in the day
I guess with the 10 percent signup bonus I would get a discount of 480,000?
That will make sure you get an once in a lifetime experience! :D
ray will do it lol
Hot air ballooning over Everest seems like an incredibly dangerous thing to do. Is the air thick enough to support that weight?!?
henry lax, you can transfer chase UR to hyatt
i can't even get the math to work out
5 points per $1 plus 30% Globalist bonus plus another 3 points per $1 on Chase Hyatt card .... that'll require $63mil in just Hyatt stays ...
assuming you stay in a $1000/night suite every single night of the year, you'll reach 600mil WOH points in 173 years.
Unfortunately I think this is the end of point redemptions. Credit card companies are giving 70,000 points but that really is nothing. The end is near.
And you don't even get to land on the summit!!!!!!!!!!!!
Is there even a person out there with 600M HGP points (not including UR)?!
Oxygen is complimentary if you have Globalist status.
What you're totally missing though is if you add a second person its **only** 5.215M so that becomes a mere 2.6M per person, or 325M points...a bargain!
You'd think there would at least be a cash and points option.
600M points and it's only for 1 person? I'm out.
"Have 6,000,000 World of Hyatt points sitting around" Think you're missing a couple zeros there Lucky!
@ Ricky -- Good catch!
I've made this redemption before. Not really worth it. They don't even give you a commemorative photo.