Really for large amounts of points, the CSR is the only useful option in the discussion. That’s 2.25% in your example using freedom unlimited. I have no unlimited though, just 2 classic freedoms. Will be $3k paypal this quarter, for 15k points ($225).
I also will get higher than 1.5X cash value (it was 150% the last time I ran the numbers and the marginal rate will likely be much higher this year). making donations of appreciated stocks this year. So I would not be putting any charitable on credit card.
no, not missing much on that point. At 1.5cpp, it’s a fairly good redemption value. Better value than southwest rapid rewards for example. Most of the best transfer partners have devalued the best redemption options over the last year or so. And it seems likely that many more devaluations will occur soon.
1.5cpp cash is also much better than the 1.5cpp redemption in the chase travel portal (where most things cost more to begin with).
I’ve converted about $2000 of points so far myself against home improvement, restaurants, and grocery store deliveries (which includes Costco instacart) purchases.