At one time five or more years ago I valued these at $0.015/mi. About 2 years ago it became $0.01/mi. Anymore these are possibly worth $0.005/mi because of the crappy conditions of use, the very real difficulty of redeeming them at the "standard" rate (ie not the sleazy 2X rate) and the nicely lowered fares offered by almost all the airlines.

Note I said "valued". Actually I never did nor would I ever buy these. Actually itsa game to get them without direct payment.

MisterNice