Originally Posted by
madbrain
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I don't disagree that it's a valuable benefit for the program, just disagree that it should figure into the average cpp to a much higher value. If you figure your "last, missing" 2000 points are worth a lot, you also would have to figure that your, say, previous 23,000 points would not be worth much, or worthless if you can't book anything at all for that amount. In the end it is the average cpp that matters. I don't mind paying cash fare/room if instead of points if the awards are unfavorable. Chase UR with the CSR also allows you to buy a cash fare with a combination of cash + points at 1.5cpp, so the situation about being short a fixed number of miles for redemption is much less likely to occur. And in general, I find 1.5cpp to be a better value than most economy flight awards, which are typically between only 0.6 and 1.2cpp on the ones I priced depending on flight/airline.
I completely agree with the bolded statement...the flexibility of the UR points is an attractive benefit, but it doesn't increase the cpp valuation! If I have the flexibility to redeem UR points for 1.6 cents by transferring to Southwest, or about 1.8 cents by transferring to BA or Hyatt, then the maximum value that I can assign is 1.8 cpp. Not 1.8 times some premium multiplier just because I got to choose between SW, BA, and Hyatt.
Originally Posted by
darkhound
IMHO, TPG's 2.1 valuation is garbage.
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Just had to quote that & agree with it, too.
I know many of you get better valuations by transferring for F & J awards. So use your own valuations - 3cpp? 6cpp? Whatever you want to use. Just don't do what TPG has done and call it 3cpp but then multiply it by 1.17 to get 3.5cpp because it's transferable.