Originally Posted by
pinniped
But I gotta ask this: why do bloggers think these points are worth 1.5-1.7 cents each?
The flight redemptions are not that high, and the list of transfer partners is paltry. I literally don't participate in a single program with which they have a transfer option.
Are the bloggers basing their valuations on one of those transfer programs?
Because they need to keep pumping cards to get their referrals
But yes, the high point valuations bloggers attribute to credit card currencies are generally based on premium reward redemptions via mileage transfer partners.
The problem is, these values are often hard for regular people (even many of us here on FT) to replicate, because we don't always have the flexibility in travel patterns to fly when those premium redemptions are actually available.
Not to mention that there is always that argument, that just because an international business class ticket retails for $5,000, it's not really "worth" that much unless you would have otherwise paid out of pocket if the mileage redemption wasn't available.