Originally Posted by
CMTinPHL
I agree with you. But many FT’s use the “I’d never pay cash for it” argument to imply it is not a reasonable valuation.
That’s because it’s not. Say AA had a cash fare of $1 million to fly F from CLT to DFW, but I could get it on points for “only” 100,000 points. What is the “value” of the points? Hint: it is not $10 per point.