1050$ gives you 29k miles worth at least 450$
So in net effect you are paying 600 to go to Japan. Well worth it
My question though... WHY is $600 well worth it for Japan? I know it FEELS like value, but how do you know when it really is?
You are valuing 29K miles at $450 here, I'll take that at face value. That makes it worth about 1.55 Cents per mile.
Then we are also valuing 40K Miles at $600 (If I redeem instead of pay) which is 1.5 Cents per mile...
Really sounds very close to me, not well worth it at all (better admittedly but hardly a no brainer)
I guess though, once you add on the redemption fees for award travel and also not gain the Elite Status then it does swing heavily in favor of buying the ticket....