Wrong. With the prices of airline tickets going up the return on using points is that much more appealing even if you have to pay a fee. Some ballpark examples: DCA to CDG/LHR in Y $800-1600 used to be $350-900; BWI to HNL $1000-1300 used to be $500-800; Hawaii YUP $2200+ used to be $1100-1300; WAS to SYD in F $26000 used to be $16000, in J $20000 used to be $12000.