Monday, May 6, 2013

Amtrak: The subtle underdog of the points world


Points and miles are usually discussed almost exclusively with regards to paying for airfare and hotels. But for domestic travelers living somewhere along an Amtrak train line, Amtrak’s rewards program is arguably one of the best bangs for your buck around.

The Basics of Amtrak Rewards

Amtrak Rewards are set up somewhat like a distance-based mileage program. They split the U.S. (and a bit of Canada) into zones. All travel within one zone is a certain price. Travel from one zone to another is also a set price.

The Good

  • There’s no cost to booking last-minute
  • As long as there is a seat for sale, you can buy it with your points
  • Points prices are really cheap

The Bad

  • Holiday blackout dates
  • Short trips between zones can be costly
  • Can’t start your trip on an Acela train before 9am or between 2pm and 6pm (you can still start non-Acela train trips during these times)

Prices

Here is a link to Amtrak’s zone map and prices for each zone. Here are some sample trips:

New York to Boston
4,000 points

DC to Boston
4,000 points

DC to Montreal
4,000 points

Montreal to Miami
5,500 points

Chicago to Saint Louis
5,500 points

Chicago to Dallas
5,500 points

Seattle to LA
5,500 points

You get the idea. North-South travel is incredibly inexpensive because the three zones run North-South across the country. You can also pay more money for Acela travel in business class instead of regional coach class, or for a roomette or bedroom if you’re traveling for long periods of time. A Boston to Miami trip would take about 36 hours, not necessarily an amount of time you’d want to be without a bed.

How to Earn

Traveling

Every dollar you spend with Amtrak earns you 2 points. Definitely not the most lucrative way to earn points, but this is true for pretty much any loyalty program.

Credit Cards

Chase currently has a few credit cards that offer the option of Amtrak Rewards.

Chase Amtrak Guest Rewards card
12,000 points after $500 spend in 3 months
1 point per dollar spent (2 on Amtrak)
No annual fee

Even though this card is specifically for Amtrak, it is not the best way to earn Amtrak Rewards because there are better signup bonuses available in other programs that transfer to Amtrak.

Chase Sapphire Preferred card
40,000 points after $3,000 spend in 3 months
1 point per dollar spent (2 on travel and dining)
No annual fee first year ($95 after)

Chase Ink Bold Business card
50,000 points after $5,000 spend in 3 months
1 point per dollar spent (5 on office supplies and other categories)
No annual fee first year ($95 after)

These two cards earn Ultimate Rewards points, which can be used to purchase travel at 1.25 cents apiece, or can be transferred to a number of travel partners such as airlines, hotels, and Amtrak at a 1:1 ratio. One benefit to these cards is that they have a higher signup bonus than Amtrak, meaning you earn more points that can be used on Amtrak. The other benefit is that these points have flexibility in case you want to use them for other types of travel besides the train.

Wenneker Stamp of Approval? Yes

Overall this is a fantastic program with some amazing redemption options. I’d rather spend 4,000 points to travel to New York than spend $150 on a train ticket or ride the bus. And Penn Station is actually in Manhattan, making train travel much more enticing than air. Be careful of the blackout dates, but other than those I give this program a hearty stamp of approval.

Credit Card Application Links


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