Opentable 50% Devaluation is official. Read more about Opentable here.
Update 50% devaluation – It’s official 10/13/18
For all of 2018 I’ve been able to find $20 (for 2000 points) redemption options although many restaurants are only giving you $10 per 2,000 points instead of $20 or a 50% devaluation! A friend texted me today that they could only find one or two $20 redemption options in downtown Chicago! So it’s official – Opentable points are now worth half. Oh well it was nice while it lasted! I’ll still use it of course because something is better than nothing and since there’s no viable alternative. Seated is an option but the restaurants are very limited and they don’t offer much cash back.
Opentable has sent out an email stating that on March 31, 2018, they’ll be updating the program. Any Dining Points you have before March 31, 2018 will roll over into the updated program. There’s no information about the reduced value of the rewards so as I said last month now is the time to cash in before your points lose more value.
History of Opentable valuations (just read “50% devlauation” above if you don’t care):
Until around the end of 2015 when you earned 2,000 points (twenty reservations x 100 points per reservation) you could request that a $20 “check” be mailed to you and you could redeem the check at any restaurant participating in Opentable.
Until at least October 10 (when I made my last redemption) you could redeem 2,000 points for a $20 e-certificate to a specific restuarant that you chose ahead of time. The number of restaurants was limited but you just walk in and when paying show your certificate on your phone or in paper and they would take the $20 off your bill.
What to do
If you have a lot of points stockpiled I would probably work on cashing them in because I’m sure eventually all restaurants will only offer $10 rather than $20 per 2,000 points.
Use other options
So far it has very limited options but I’ve been using Seated whenever possible. Use my link and get an additional $5 free after your first dine.