Purchase until 2 cents for an immediate need. But miles can turn rancid as airlines periodically devalue them. So big stockpiles of miles that will not be depleted in a year should be accumulated at about the free to 1 cent range IMHO.
Originally Posted by
hindukid
Well you obviously then think the miles are worth even less than 1-1.5 cents. Generally not the consensus of FT. Almost every "Should I use miles or pay thread" generally suggest purchase until about 2 cents. No point in spending $500 cash to save 25,000 miles when you could replace those miles for $375.