Originally Posted by
stupidzbu
Calculating Redemption Value
$700 flight or 40,000 miles
700/40,000 = 0.0175 cents/mile
But, how can I determine if that is a good valuation for those miles?
I know this changes depending on where the points came from (SPG vs UR vs airline mile)
So, my question is, how can I determine that valuation for different programs? How can I calculate what an AA mile is worth vs a UA mile vs a SPG point when burning them on a redemption?
How does this change when I do a "cash & point" redemption?
I've found the following valuations with no explanation as to why these points are valued as such.:
MR = $.020 / point
UR = $.019 / point
AA = $.015 / mile
DL = $.010 / mile
US = $.016 / mile
HH = $.007 / point
PC = $.006 /point
SPG =$.025 / point
Hyatt = $.015 / point
And let me also ask if I am using these correctly.
I redeemed a 145k AXON reward
Per the above valuation = $1,015.
I booked 4 nights at the conrad maldives, which would have cost $5,492, giving me a redemption value of $.0378 / point.
Are my calculations correct?
But you're overpaying for the room. If you had purchased Hilton points outright, and used the points for the exact same AXON award, the cost would be much less.