$ Value of a OnePass Mile?
 

I used 10,000 miles to upgrade my brother on a flight today. He INSISTS on paying me for the miles. Is there a commonly accepted value for a OnePass mile?

PS. Please no smart-a*s remarks about the recent devaluation of OP. Thanks.

I'd say it depends on the length of the flight- 2-3 hours for a hundred beans.

The flight was 2.5 hrs. CLE-SRQ (Sarasota).

$0.005 to $0.015 is fair, but a penny a mile is perfect.

- HobokenFlyer

CO recently had a promotion (called "The Extra Mile") where you could earn a bonus mile for every earned mile up to 10K miles for $99. Using that as a measuring point -- it seems quite fair to value 10K miles at a hundred bucks.

Online companies often offer 3-5 cents per mile for a 25,000 reward ticket.

I myself, on ebay have sold tickets by using my miles. But hey, be quit, i shoudnt be doing this. I have goten at least $350 every time and $400 a couple times for a standard coach class ticket.

If he insists and you don't particularly care about the money, let him pay you half of what he thinks the upgrade is worth. That way, you're both guaranteed to come out ahead.

Otherwise, $0.01/mile sounds right.

The most common and fair benchmark for price is $0.02 per mile, though it would be very difficult to replace them at that price. The charge for buying miles is about $0.026 for AA and UA and would also be a fair price. Anything in that range would work

just tell him to pick up the tab and dinner and you're square... it has worked for me in the past... I've given FC reward seats to family members who don't truly comprehend the speed in which I earn these points, so they think it is *monumental* thing that I did for them... when they insist on some sort of repayment, I just tell 'em that that if they must do something, then let's just go out to dinner...

then suggest a restaurant that is reasonably priced, *not* Le Cirque or Ruth's Chris...

did he hit you up for the return yet? http://www.flyertalk.com/forum/wink.gif

Actually, I am not sure if friends know how difficult it is to build and keep mileage. They tend to think upgrades are easy to come by.

yes, but given that this is a family member and the original post made it clear that the recipient was insisting on re-payment, I would think that the goal would be to lead the recipient to believe that this was a fair trade, even if it was not...

now if it was the next door neighbor, I would start the bargaining at the fare difference between (A) and (Q/T) http://www.flyertalk.com/forum/wink.gif

I like the idea of a nice dinner. And no, he didn't ask for the return yet! Thanks for all the on-topic replies, too! http://www.flyertalk.com/forum/smile.gif

how 'bout "Dick's Last Resort" at the Flats? he he...

although Landry's on the other hand might hit the spot...

I value them at about 1.6666 cents per mile, based on fare equivalents for a favorite award (an Asia RT).