There's a window closing on September 15 that most Wyndham Rewards members don't know about yet. If you have points sitting in that program, what you book today and what you book in three months could cost you 15,000 points more per night - and that gap matters more than you might think.

Let's get into it.

Wyndham Rewards is restructuring its award chart from three tiers to four. What will the new maximum cost for a top-tier Wyndham property be after September 15?

The answer is waiting near the bottom of today's newsletter... keep scrolling. 👇

Wyndham Rewards just announced a significant restructuring of its award chart, and the date to circle is September 15. The program is moving from three tiers to four - and while the cheapest properties will actually get cheaper (down to 7,500 points per night), the top tier is getting a serious price hike.

Right now, the most expensive Wyndham properties cost 30,000 points per night. Come September 15, those same properties will move into a new 45,000-point tier - a 50% increase. For a 3-night stay at a premium Wyndham property, that's an extra 45,000 points you'd need just to keep pace.

Here's the smart play: Wyndham allows you to book now at current pricing and cancel later if your plans change. That means you can lock in a 30,000-point rate today, and if the property drops to a lower tier after the restructuring, Wyndham says it will refund the difference. This is a rare case where booking speculatively actually makes sense.

The window between now and September 15 is your opportunity. If there's a Wyndham property you've been eyeing - a Wyndham Grand, a La Quinta resort, a Registry Collection property - price it out today and book it at current rates.

Bilt's July Rent Day promotion is live, and the headline is hard to ignore: a 200% transfer bonus to Hilton Honors, meaning every 1,000 Bilt points becomes 3,000 Hilton points. On paper, that's extraordinary. In practice, it's worth a closer look before you move anything.

Bilt points are genuinely some of the most valuable flexible currency out there - they transfer to airline partners like United, American, and Air Canada Aeroplan, where a single point can be worth 1.5 to 2 cents or more. Hilton points, by contrast, typically hover around 0.4 to 0.6 cents each.

So even tripling your Bilt points into Hilton Honors only gets you to roughly breakeven value compared to a direct transfer to a premium airline partner - and for most redemptions, you're still coming out behind. The 200% bonus makes Hilton look attractive, but it's mostly closing the gap that exists because Hilton points are inherently less valuable per point.

That said, there are specific use cases where this makes sense. If you've identified a high-value Hilton redemption - a Park Hyatt-priced Waldorf Astoria or Conrad at a sweet-spot rate - the math can work in your favor. But transferring speculatively to Hilton and hoping to find value later? That's a move worth avoiding with Bilt points specifically.

The Rent Day promotion runs through this Wednesday, July 1. The Amex to Hilton transfer bonus (a separate +20% bonus) runs through July 14.

Chase's ultra-premium business card carries a $795 annual fee, which is enough to make most people pause. But the current welcome bonus is valued at around $3,400 - and that math flips the conversation entirely.

The two questions worth asking separately: is the bonus worth chasing in the first place (almost certainly yes, given the gap between the fee and the estimated value), and is this a card worth keeping year after year? The second question is more nuanced and depends heavily on whether your business spending can actually maximize the category bonuses and credits the card offers.

If you've been on the fence about business card applications, this is one of the stronger entry points available right now. Chase Ultimate Rewards points remain one of the most flexible currencies in the game - worth roughly 2 cents each when transferred to the right partners. We covered the full breakdown of Chase UR redemptions yesterday if you want to dig into the strategy.

Several transfer bonuses are running out of time, and this Tuesday (June 30) is going to be a busy deadline. If you're sitting on points from any of these programs, this weekend is your window.

Chase Ultimate Rewards is offering a 55% transfer bonus to Marriott Bonvoy through Tuesday - easily the most generous Chase-to-Marriott promotion in recent memory. Amex Membership Rewards has a 25% bonus to Air France/KLM Flying Blue, also through Tuesday. And Citi ThankYou Rewards holders get a 30% bonus to Qatar Privilege Club Avios, same deadline.

The Marriott to United MileagePlus 25% bonus also ends Tuesday, which is worth noting if you've been stacking Bonvoy points and need to move them into airline miles.

Check all current live transfer bonuses and compare your options before making any moves.

The St. Regis Costa Mujeres Resort Cancun opened this week as the brand's second property in the Cancun region, joining the existing St. Regis Kanai. The 213-key resort sits in the Costa Mujeres area, which has been growing rapidly as a premium alternative to the main hotel zone.

As a St. Regis property, this is a Marriott Bonvoy redemption opportunity. St. Regis hotels tend to sit in the upper tiers of Marriott's award chart, so expect pricing to reflect that - but for Marriott loyalists with a stash of points, a newly opened luxury resort in Mexico is worth monitoring for award availability.

This also connects directly to the Chase-to-Marriott 55% transfer bonus ending Tuesday. If you're thinking about a future St. Regis stay and want to top up your Bonvoy balance at a dramatically better rate, this weekend is the time to act. The bonus expires before most people realize it's gone.

Our friends at Award Travel Finder have been tracking Marriott award availability at new openings - worth a check if you're planning anything in the Cancun area.

Expedia is killing One Key rewards on flight and hotel bookings - a meaningful pullback for travelers who had been using the platform to stack points on top of loyalty earnings. One Key Cash was positioned as a way to earn a universal travel currency across Expedia, Hotels.com, and Vrbo, but the rewards on flights specifically were always thin.

The practical takeaway here: if you've been using Expedia for flights primarily to earn One Key points, that calculus changes. Booking direct with the airline or through a rewards-earning portal is almost always going to beat a third-party booking anyway - and direct bookings earn elite miles and status credit that Expedia bookings typically don't.

For straightforward cash fares without loyalty considerations, it's still worth checking both options. Our weekly Friday Flight Deals newsletter focuses on exactly that - the best cash fares worth paying out of pocket rather than burning points.

The answer is 45,000 points - option D.

Wyndham's new four-tier award chart introduces a 45,000-point ceiling for top-tier properties, up from the current maximum of 30,000 points. That's a 50% increase for the most expensive hotels in the portfolio. The change takes effect September 15, which gives you roughly 11 weeks to book at today's rates with full cancellation flexibility.

Wyndham doesn't get talked about as much as Hyatt or Marriott, but that award chart change is significant. Do you have any Wyndham points sitting around - and are you thinking about booking something before September 15? Hit reply and let me know. I read every response and I'm genuinely curious how many of you are Wyndham loyalists.

That's the week wrapped up. The Tuesday deadline on those transfer bonuses is the one I'd keep front of mind this weekend - especially the Chase-to-Marriott 55% bonus, which is genuinely one of the best we've seen from that pairing. Don't let it sneak past you.

- Jack

Frequent flyer? Make every device look the part. 5+ hand-designed airport maps, formatted for iPhone, iPad, Mac and desktop.

These are the top credit card welcome bonuses we're tracking. Offers change frequently - see all cards.

1. The Platinum Card: 175,000 points after spending $12,000 in 6 months ($8.95/yr)

2. Hilton Honors American Express Aspire Card: Earn 150,000 Hilton Honors Bonus Points after spending $4,000 in the first 3 mon... ($5.5/yr)

3. Chase Sapphire Reserve: 150,000 points after spending $6,000 in 3 months ($7.95/yr)

Here's what we're seeing in award availability right now (via Award Travel Finder):

Hotels:

• The Naka Island, a Luxury Collection Resort & Spa, Phuket - Phuket, TH | 3.4cpp value | 80,000 pts/night

• The Ritz-Carlton Maldives, Fari Islands - Male, MV | 3.4cpp value | 128,000 pts/night

• Milaidhoo Maldives, an SLH Hotel - Baa Atoll, MV | 1.9cpp value | 150,000 pts/night

• Waldorf Astoria Costa Rica Punta Cacique - Guanacaste, CR | 2.5cpp value | 120,000 pts/night

• InterContinental Hotels San Diego - San Diego, CA, US | 1.1cpp value | 68,000 pts/night

Status Matches & Challenges:

• Flying Blue Status Match - Air France / KLM | SkyTeam

• Flying Blue UK (BA Status Holders) - Air France / KLM | SkyTeam

• Flying Blue (Iberia) - Air France / KLM | SkyTeam

Live Transfer Bonuses:

• Amex Membership Rewards → Air France KLM Flying Blue: +25% bonus - ends June 30, 2026

• Amex Membership Rewards → Avianca LifeMiles: +15% bonus - ends July 15, 2026

• Amex Membership Rewards → Hilton: +20% bonus - ends July 14, 2026

• Amex Membership Rewards → Marriott Bonvoy: +20% bonus - ends June 30, 2026

• Amex Membership Rewards → Marriott Bonvoy: +20% bonus - ends June 30, 2026

• Amex Membership Rewards → Virgin Atlantic Flying Club: +30% bonus - ends July 31, 2026

Browse every award deal we track at AwardTravelFinder.com →

Friday Flight Deals finds the best flight deals when paying cash beats using points.

Browse all deals at FridayFlightDeals.com →