Originally Posted by
vsevolod4
This erewards expirations are ridiculous. Mine expired on June 30 ... I did a survey on June 29, and the "money" I "earned" is going to lose 75% of its value.
Combine this with maximum withdrawals of one per year for most programs, and the fact that I have "$80" in money ... I can't even redeem $50 and $25 from the same program thanks to the stupid restrictions.
The more you look at it, the less erewards makes sense.
Even worse, you think you've earned "$75" which in any normal program would mean 7500 miles ... 1 cent per mile is pretty much the standard. But with erewards, $75 in this the inflated / devalued currency is worth only 1500 miles.
Think about this.
I just got a solicitation for a "survey" which is supposed to take 30 minutes and earn me "$8.50" Never mind that the estimates are routinely exaggerated and it will probably take 45 minutes, especially if you actually know what you're talking about and you get bombarded with "drill down" questions for everything you said "yes" to.
So $8.50 gets you 170 miles! In other words about $1.70 worth of miles. That is if you don't run afoul of mileage expiration, and of restrictions on how much you can transfer to any one program.
Figure you've spent 30 minutes; you're getting "paid" $3.40 per hour.
Go get a job in McDonald's or at Wal*Mart. Even if you earn minimum wage, and you'll do far, far better.
I've always found it interesting how people figure the value of their miles. Now granted I'm not a very frequent flyer, but I try to do my best. I try to milk every mile out of the program that I can without buy stuff just to get miles. I do e-miles, e-rewards, mypoints, mileage malls etc. My goal is to get us enough miles to go on vacation where we want to go. I manage to get 3 free tickets every year or so. I just cashed 240,000 miles to fly C to Athens. That trip, had I paid for it would have cost $34,500. Now I am not a math whiz by any means. But, it believe in the above scenerio I am being paid ~$24.00 an hour. I value my miles by what I redeem.