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Thread: Valuation of points and miles
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Old Jan 1, 2013 | 5:45 pm
  #41  
workandski
 
Join Date: Apr 2006
Location: LAX
Programs: AA EXP>2m, Alaska MVP, Virgin Gold, Delta Gold, Starwood Gold, Cathay Pacific Silver
Posts: 599
Originally Posted by DHAST
I have a joke: What's the value of a FF mile? One? Who wants one mile? I won't pay anything for a mile. Now, if you've got 150,000 let's talk.

One problem with this particular upper limit on mile value that you mention is that you generally can't buy unlimited (or even significant) amounts of miles from a particular program. If I could outright buy 135,000 miles from AA every year, you're right, I really couldn't value them at the list price of an F ticket to Asia. But I can't outright buy that many miles. So does that still mean that the most 135,000 AA miles are worth is 135,000 * $0.035? I'm not so sure.
I believe that you can buy all the miles you want on AS, and sometimes at a discount. I suspect that you get a high value per mile by trading the miles for a first class ticket on a partner airline, such as Cathay Pacific, subject to availability of course.
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