I have a trip coming up in January and I have already cancelled and rebooked the same rental car now six times (free cancellation and no money paid to reserve) and the price for the week went from $497 to $367 now.
Once you use points, I'm not sure if you are getting a good deal. I'm already saving $130 on the rental car by simply watching the prices.
I use points to fly only, not for anything else.
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