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Thread: QUICK! Which is the better deal?
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Fri, Jul 19th, 2013, 08:47 PM #1
I'm usually good with converting points/price/deals but today I'm just having a brain fart.
SO My RBC VISA has reward points. Those points can be converted to giftcards, knick knacks, and/or other reward points to other loyalty programs. (Such being Shoppers Optimum.)
Now I have 4,100 RBC points. Those points can be converted into one of two options:
A. For every 500 RBC points, I can convert it to 2,500 Shoppers points. With 4,000 RBC points I will have 20,000 Shoppers points on top of the 28,000 Shoppers points I have now. So not enough to redeem $85 but very close to it.
OR
B. For 3,000 RBC points, I can get a $25 dollar giftcard to Shoppers. I can use the remaining 1,000 to convert it into Shoppers points, equaling 5,000 Shoppers points. I can also get the bonus points for using the giftcard in the long run, but I don't know how much that is exactly...
So... which is the better deal?This thread is currently associated with: Pharmaprix, Shoppers Drug Mart
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Fri, Jul 19th, 2013, 09:33 PM #2
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If using the 22,000 point redemption level (since it's closest)
22,000/30 = 733 points per $1
20,000/733 = 27.29 ~$27
At the same level 5,000/733 = 6.82 ~$6 + $25 = $31
If your goal is $85 redemption
50,000/85 = 588 points per $1
20,000/588 = 34.01 ~$34
5,000/588 = $8.50 ~$8 + $25 = $33
Of course points are worth more during bonus redemption (example of June when 25,000 points was worth $50)
But maybe someone could verify my math.
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Fri, Jul 19th, 2013, 09:56 PM #3
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your math looks good to me...
at the $200 for 95000 bonus redemption level
1000 points is worth a little more than $2.10
20000 points would be about $42 (20000 x $2.10)
at the $100 for 50000 bonus redemption level
1000 points is worth about $2.00
20000 points would be about $40 (20000 x $2)
you only get points for the SDM gift card if you bought it at SDM - no points if you order it as a reward from RBC.
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Fri, Jul 19th, 2013, 10:02 PM #4
Thank you ladies!!!
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Fri, Jul 19th, 2013, 11:17 PM #5
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See, THIS is why I dont really get excited about my optimum points..TOO MUCH FREAKING MATH!!! Im just gonna collect and prob give them away to someone, RAOK them. Who knows.
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Sat, Jul 20th, 2013, 12:02 AM #6
there is also coupon from brandsaver which can be used for 2 different brands and venus is included on them.
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Sat, Jul 20th, 2013, 12:05 AM #7
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For future reference you could look at it this way (this is subtracting your 5,000 points if you went with the gift card from the 20,000 points):
You would need to spend $75 on a 20x the points day to get 15,000 points
You would need to spend $75 during a 18,500BP WUS $75 day to get in the 15,000 points area.
Now of course there are ways to rack up more points without having to spend that much, but to get 15,000 - 20,000 points you will very likely have to spend more than $25.
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Sat, Jul 20th, 2013, 10:18 AM #8
The math is easiest if you use 50,000 = $100 (regular bonus redemption level).
Then 1000 points = $2. 5000 points = $10. So your 20,000 points would be worth $40, while the $25 gift card plus 5,000 points would be worth $35.
This math also helps when shopping for bonus points. If you spend, for example, $50 to earn 10,000 points, and the points are worth $20, then once you redeem the points, you will have bought $70 worth of merch (the original $50 plus $20 worth on points) at a $20/$70, or 28.57% discount.Abuse coupons, not people!
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