Originally Posted by
Diplomatico
Mind sharing how you arrived at 2.1 cpm as your personal valuation?
I think it depends on one's ability to redeem for reward tickets.
In my case, I redeem 110,000 AA miles for SEA-SFO-HKG on CX in J. Price of ticket is always above $4,000. So in my case, each mile is worth $0.036. Of course, one can argue they will never pay $4,000+ for a J ticket, so YMMV.