A FlyerTalk Posting Legend
Join Date: Jul 2002
Location: MCI
Programs: AA Gold 1MM, AS MVP, UA Silver, WN A-List, Marriott LT Titanium, HH Diamond
Posts: 53,010
1 SPG - 3,000pts to get a room that I'd pay about $100 for, so a little over 3 cents a point.
1 FF mile - 50k to get a last-minute domestic award that I'd have to pay about a grand for - 2 cents. (It's hard to find a market where there is no decent last-minute alternative for over a grand. WN is pushing this towards $650 or so in many major markets.)
Alternatives: 80k to get a J seat that I'd maybe pay $1500 for...again, 2 cents.