Originally Posted by
1015-1k
I continue to set the bar for my redemptions at 2c/mi. Occasionally I'll go lower, to say 1.25-1.5c, usually due to the fact that I obtain more flexibility in award flight reservations (change or cancel for free) than outright purchasing. On the other end of the spectrum, I've also been redeeming for some international flights at 4c+/mi.
I'm pretty much the same way. 2c/mile is my benchmark, but I value the free cancellation with 1K heavily too. I do a lot of tentative and last minute bookings.