Originally Posted by Happy

Miles do not have a "fixed" value per se.

How much "value" you can get from the miles depends on a lot of factors, your existing account balance, your travel patterns, and most importantly, how you normally use your miles - i.e. what is your goal in gathering miles.

For some of us, our miles dont go to "waste" for domestic coach redemption. They go to international long haul redemption in partner airlines' business or first class flights - The goal is not to save cash here and there on domestic travel, but to have a very nice travel experience that paying with real cash can be very expensive.