Originally Posted by
flyBernoulli
Agree it's a great offer.
Just trying to clear up the math, though.
Since flights purchased with points don't earn points (right?), the "cash equivalent" value is slightly less. For example, if I bought a $100 WGA fare, I would get 600 points. So, equivalent to this would be 6600 points (6000 for the flight + the 600 that you would get purchasing it). This gives a value per point of 1.515 cents, making 50000 points worth a cash equivalent of $757.58, slightly lower than the often quoted $833.
Is this right? Apologies if this has been discussed multiple times before!
Don't forget the $99 annual fee which is not waived the first year (afterwards you get points back for the fee). Perhaps you still earn 99 points for the annual fee charged to your card. So the true value would be... well with a name like Bernoulli I'll leave that as a math exercise for you.
Either way I like this as a more practical bonus. It's easy to redeem. Most of the other points I'll end up redeeming for premium travel which I would probably never pay for myself. This one I can use for everyday travel and result in real savings.