SAN FRANCISCO, Aug. 31, 2011 /PRNewswire/ -- NextAdvisor.com, a leading consumer service review site, announced today its launch of a new travel rewards program analysis. This new research uncovers the real-world dollar value of a point from the most popular airline and hotel rewards programs. While many consumers assume a point from each of these programs has about the same value, NextAdvisor.com's research found that a point from the most valuable program was worth more than four times a point from the least valuable.
The editorial team at NextAdvisor.com investigated several rewards programs and their associated travel rewards credit cards, including Southwest Rapid Rewards®, Hilton HHonors™, Starwood Preferred Guest®, and United Mileage Plus®, among others.
NextAdvisor.com staff determined the amount of accrued points or miles it would take from each program to book various flights and hotel rooms for the same destinations and days, then compared those results with the actual dollar cost of purchasing those same flights and hotel rooms. Through this exercise, NextAdvisor.com was able to peg a real-world dollar value to a reward point. NextAdvisor.com's staff members pursued a meticulous methodology when performing comparisons, for example comparing costs and points required on both peak and off-season dates.
NextAdvisor.com also looked closely at the travel rewards credit cards associated with each reward program, reviewing each card's amount of points or miles earned per dollar spent as well as special sign-up bonuses, perks, interest rate ranges and annual fees.
"Our reviews of the hotel and airline rewards credit cards are very popular with consumers, and one of the most common questions we get is, "How much are the points in each program worth?" So we decided it was time to perform a detailed analysis to answer that question," said Erik Larson, President and Founder of NextAdvisor.com. "We provide consumers a deeper look into the real value of these rewards programs and cards, rather than just repeating the values that the hotels and airlines claim. Consumers can use our analysis to make better decisions about which reward program to join or for which reward credit card they should apply."
You can read the complete NextAdvisor.com Travel Rewards Program Analysis at:
See all of NextAdvisor.com's credit card reviews at: http://www.nextadvisor.com/credit_cards/index.php
NextAdvisor.com provides independent reviews of online services for consumers and small businesses. The company's mission is to help its visitors save money and make optimal buying decisions by presenting them with useful comparisons and reviews of service providers and a clear explanation of each service and how it works. The company currently reviews, compares and explains many different types of services including credit cards, credit report monitoring, identity theft protection, diet plans, voice over IP, online dating, online backup, Internet security software, internet fax and web hosting.