Consider spending points, not dollars.

If you’ve been stockpiling points during the past year, this might be a good time to cash in. Villas at the stylish new JW Marriott Maldives Resort & Spa start at 70,000 Marriott Bonvoy points per night, depending on the season. The St. Regis Maldives Vommuli Resort is also available for as little as 85,000 Bonvoy points a night, depending on when you go. And stays at the Waldorf Astoria Maldives Ithaafushi can be had for 120,000 Hilton Honors points per night — with the fifth night free.

With some of the most over-the-top accommodations you’ll find anywhere in the world, the Maldives is an ideal place for a splurge. Soneva Jani is one of the nation’s most luxurious resorts, with massive new overwater villas complete with waterslides. Joali brings the wow factor with palatial villas featuring private pools. Cheval Blanc Randheli, a sister property to the LVMH resort in St. Bart’s, has 45 private villas — including a four-bedroom jaw-dropper on its own 2½-acre atoll. And the Conrad Maldives Rangali Island is home to the crown jewel of the Maldives, the Muraka residence, with its incredible underwater bedroom, fitted with a see-through domed ceiling for watching marine life swim past.