Originally Posted by
willmatt
Admittedly the demand is far from usual and travel is restricted but as an illustration of the principle that The Geek has put forward using an example for a May LHR-LAX-LHR in WT+
The options are:
Pay the Avios RFS Price: 100000 avios + £473.33
Pay the Cash price £622.74
Convert 78000 Avios into £624 in cash to spend in Sainsbury's / Argos and use that value to buy the cash fare
The last option earns 21768 avios for a gold so net spend is 56232 avios + £0 cash and you get 180 tier points which you wouldn't get with the RFS
Which gives you 1.1p per Avios on traditional FF valuations. I suspect that there may be some partner awards that could yield this kind of value too.