Originally Posted by
highstream
We agree about Cap One. That was the point of the thread. I haven’t spoken to airline programs.
At one point in the thread I thought your expectation was that (example) a 2,000 mile flight would require redeeming 2,000
miles. That is not true for Capital One, but it is also not true for airline programs.
Capital One
miles have a fixed monetary value of $0.01 each. At another point in the thread it appeared that you thought they should be worth one hundred times more. Common sense should tell us that spending $1.00 is not going to return $1.00 or $1.25 in rewards.
Originally Posted by
highstream
...the last poster, a moderator, says ...
Status as a moderator does not make substantive content more reliable than other posters. My strategy is to read Flyertalk posts critically. Ignore the conclusions, look instead at the reasoning and evidence.