Originally Posted by
Ted King
The same person may value the $400 room at only $100 and would rather have the cash because he or she doesn't want to have the points locked up.
It's an interesting discussion.
This is precisely why I try not to think too hard about value propositions, opportunity costs, etc, when playing this game. For me, mile and points are simply a way to take trips "off the books." I try to break even on cash outlay/return, but the points are my "mad money." For example, I'll split my 10K Bluebird/Vanilla purchases 60/40 between points/2%cb cards. That way I break even on cash layout and generate a points profit. I'd go crazy if I thought too hard about how that equates to essentially paying for points.
Andyandy