My personal value for my ff miles are 1 cent each as stated by mdtony, I wouldn't pay $500 beans for a continental us ticket. I figure the most I will ever have to pay to fly say IAD-LAX for example with advance purchase should be about $250. My personal rule for using FF miles for ticket purchase is not to use them unless the ticket is $300 or greater for Y. I won't think twice on spending miles for Int'l upgrades though.
However I have had last minute personal biz that would have cost me close to $2k for a ticket where my 25000 FF miles were worth just that. So it really depends how you use the miles that you have (and probably how many miles you have in the bank) as to how you value the miles.
My valuations are for my usage, I'm sure the rest of you have different valuations and use patterns as well as a wide disparity in mileage balances.
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by mdtony:
Well, let's think this through. A reward for a economy class ticket will cost you 25,000 miles for travel in the continental US, correct?
Now, if you value the miles at $0.02, like I read you're supposed to, that's $500 for a ticket, and you have to give them at two weeks notice. Raise your hands if you pay $500 for a ticket for travel within the continental US booked two weeks in advance.
If you do, may I be your travel agent and pocket the savings?</font>