Originally Posted by
moa999
My simple rule for QF is about 2-4c for classic redemptions in J/F, <1c for goods/vouchers
For VA.
The Cash Value is 0.55c per point. ($100 voucher, 18000pts)
Then taking as an example MEl-SYD 1Jun 8am.
Y Saver $149 or 9100 pts or 5800pts + 21.11
J $699 or 15000 pts or 11700 + 21.11
Y All points 1.64c / C&P 2.21c, J All Points 4.66c / C&P 5.79c
Yes, this is about how I value them too, round about two cents a point. I tend to burn them on my regular MEL-SYD jaunts. Theoretically maybe you can get slightly better value on certain international flights but availability seems to be iffy, whereas for common domestic flights availability seems to be no issue at all.
On a philosophical point, I think the correct way to value them is the cash price you would otherwise be willing to pay, rather than the asking price. So for instance, I would not pay $625 out of my own pocket for business class on a short MEL-SYD jaunt, so I can't really pretend I'm getting 5.79 cents per point of value if I redeem for that.