The value of using miles for a club membership is about 0.75 cents per mile, not a great deal.
The value of using miles for airfare paid on a United credit card is 1 cent per mile, also not a great deal.
However for a limited time, United is offering a value of 1.5 cents per mile to pay your United card’s annual membership fee. That’s not a bad deal for United miles these days! It’s unclear how long this unadvertised promotion will last.
The caveat is that your annual fee has to have been billed in the past couple months. If your annual fee was billed in March, April, or May, you can apply miles to pay the annual fee.
However before I did that, I called Chase about the $100 annual fee on my grandfathered United Lifetime Club card due to current COVID-19 travel restrictions. Chase was happy to offer me a $100 statement credit.
My guess is that I can still double dip and apply 6,667 United miles for a $100 annual fee credit, a value of 1.5 cents per mile.
Will you use United miles at a value of 1.5 cents each to pay your United card’s annual fee?