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Originally Posted by Gamecock
(Post 13114762)
I don't buy something I don't want just for the miles.
I will consider buying miles to top off my account for some goal. Of intrest last year US had a sale on miles, a cost of two for one. (something like that) That was a bargin when you consider that you could have topped off your account and then fly J on LH to Europe. Almost pulled the trigger on that one! |
Originally Posted by Supersonic Swinger
(Post 13114090)
I had 65,500 AAdvantage miles. I paid about $80 to buy 2,000 extra miles, and was able to use 67,500 miles for a one-way JFK-NRT in First and NRT-SIN in Business. Those legs are currently selling on Kayak for $6,733.
US recently had a bonus miles promotion (see this thread) that allowed the "purchase" of miles for about $.007 per mile, there are a lot of folks who felt that was a good value and in some cases spent $10's of thousands of dollars buying miles. Guess some folks thought $1,000 plus taxes for an international F ticket was a good deal. :) |
1) Although this discussion evolved to a focus on the miles purchase programs, the OP's question included buying other things to get the miles for them.
2) There's a circumstance in which economic (wo)man goes stupid in making a purchase for miles. It's when one is desperately facing the imminent expiry of a FF account, and one finds oneself giving scant attention to where one touches the demand curve. |
Great discussion, I was actually referring to buying some "products" through your FF online store to up your miles, for either the whole award or just to "top up"
I guess it all goes back to "it depends" on what a person hopes to accomplish. |
I think there is always a point in which its cheaper to fly to get the miles then to buy them. But if you can buy something AND get miles then its a two for one deal.
For UA people there was a wine deal, 40 miles for each dollar spent. I was VERY lucky that my family as well as friends drink wine so I went Xmas shopping. I was able to get 400K of miles for 10K (among that was an order for some Dr's I work with) so I was able to get some miles, great wine and xmas presents done without leaving my computer.
Originally Posted by galveston1602
(Post 13113218)
assuming your buying something that has no value to you just for the miles (through your carriers "store"), at what point is it a no brainer for the purchase. if you value your miles at 1.X cents per mile then obviously its less that but, how low do look for before you load up on miles, er I mean purchases?
Came across a deal that lets you "buy miles" at 1.6 cents per mile and I dont see the value of it at that price but, was curious what others see when they look at miles purchases |
Originally Posted by FlightNurse
(Post 13121366)
I think there is always a point in which its cheaper to fly to get the miles then to buy them. But if you can buy something AND get miles then its a two for one deal.
For UA people there was a wine deal, 40 miles for each dollar spent. I was VERY lucky that my family as well as friends drink wine so I went Xmas shopping. I was able to get 400K of miles for 10K (among that was an order for some Dr's I work with) so I was able to get some miles, great wine and xmas presents done without leaving my computer. |
I will not buy something which is not important just to earn a miles!...never, ever!....
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Originally Posted by galveston1602
(Post 13113218)
assuming your buying something that has no value to you just for the miles (through your carriers "store"), at what point is it a no brainer for the purchase. if you value your miles at 1.X cents per mile then obviously its less that but, how low do look for before you load up on miles, er I mean purchases?
Came across a deal that lets you "buy miles" at 1.6 cents per mile and I dont see the value of it at that price but, was curious what others see when they look at miles purchases My best redemptions have been around $0.10/rdm. Truthfully, it's almost impossible to not redeem for less then you paid for them (if you redeem correctly). So as long as it's cheaper to buy points and redeem, then to buy tickets, what does our opinion matter? |
Originally Posted by galveston1602
(Post 13113218)
at what point is it a no brainer for the purchase. if you value your miles at 1.X cents per mile then obviously its less that but, how low do look for before you load up on miles, er I mean purchases?
It's true that I can usually achieve 1.5 to 2 cents per mile in value from today's miles (which I acquired at some point in the past). But I won't spend that kind of money in 2010 dollars to acquire new miles to use at an unknown point in the future under unknown program rules. I'm more apt to spend a little closer to my "real" value on hotel points because the lifespan of 1 hotel point in any of my accounts is pretty short. I earn 'em and burn 'em with relative ease. The oldest point I currently hold is probably an 18-ish month old Starpoint. (A wise old Starpoint it is... :p) All of my Marriott and Hilton points are very young pups. I don't ordinarily purchase int'l J/F out of my own pocket, so any higher valuations on air miles are meaningless to me. If I was ever given the opportunity to do so, I might spend $2,000 R/T for TATL F. But that's hypothetical - no airline will really sell it to me for cash and perhaps I've conditioned myself to think of it that way by backing into my comfortable 1.5c valuation. |
Originally Posted by pinniped
(Post 13133820)
For me, a total throwaway purchase would need to yield miles at about 0.75 cents. That is, I'd probably drop $750 right now for 100,000 miles that I will use at some point in the future.
It's true that I can usually achieve 1.5 to 2 cents per mile in value from today's miles (which I acquired at some point in the past). But I won't spend that kind of money in 2010 dollars to acquire new miles to use at an unknown point in the future under unknown program rules. I'm more apt to spend a little closer to my "real" value on hotel points because the lifespan of 1 hotel point in any of my accounts is pretty short. I earn 'em and burn 'em with relative ease. The oldest point I currently hold is probably an 18-ish month old Starpoint. (A wise old Starpoint it is... :p) All of my Marriott and Hilton points are very young pups. I don't ordinarily purchase int'l J/F out of my own pocket, so any higher valuations on air miles are meaningless to me. If I was ever given the opportunity to do so, I might spend $2,000 R/T for TATL F. But that's hypothetical - no airline will really sell it to me for cash and perhaps I've conditioned myself to think of it that way by backing into my comfortable 1.5c valuation. |
Originally Posted by MWRFlyer
(Post 13133877)
You bring up a great point: the time-value of money/miles. People that are going to immediately redeem the earned miles are likely to pay more for them which it appears is reflected in most members' responses.
Using a partner gets dicier unless the airline is going to let me put the award seat on hold for a couple weeks... |
I think everyone agrees it is worth buying miles for both airlines and hotels when needed to top up a major award.
I bought a few thousand on Marriott so that I could redeem for a room in Sydney Harbour on New Years Eve (vs. rate of $600/nt+). Also bought a couple thousand AA miles to top off an award for two business class seats to Europe on LX (now a *A member). In each case well worth <$100 given the value received. Obviously there are other instances when it makes sense to pay $ to take advantage of a special offer that you otherwise would not do. The IC Ambassador offer ($150 membership for 25k DL miles plus the standard IC BOGO cert) comes to mind. Also I waited to apply for the Chase WN visa ($59 annual fee - 24 credits with balance transfer) until I needed them to bump me up to 100 credits for a WN companion pass. These are occasional limited opportunities that usually hit flyertalk and are well worth doing IMO as there will almost always be an occasion down the road where you need the points. But as always YMMV. |
Originally Posted by Boraxo
(Post 13133995)
I think everyone agrees it is worth buying miles for both airlines and hotels when needed to top up a major award.
I bought a few thousand on Marriott so that I could redeem for a room in Sydney Harbour on New Years Eve (vs. rate of $600/nt+). Also bought a couple thousand AA miles to top off an award for two business class seats to Europe on LX (now a *A member). In each case well worth <$100 given the value received. Obviously there are other instances when it makes sense to pay $ to take advantage of a special offer that you otherwise would not do. The IC Ambassador offer ($150 membership for 25k DL miles plus the standard IC BOGO cert) comes to mind. Also I waited to apply for the Chase WN visa ($59 annual fee - 24 credits with balance transfer) until I needed them to bump me up to 100 credits for a WN companion pass. These are occasional limited opportunities that usually hit flyertalk and are well worth doing IMO as there will almost always be an occasion down the road where you need the points. But as always YMMV. RE: OP I usually trade on points.com and average 0.3¢ - 0.5¢ a mile. |
Originally Posted by Beckles
(Post 13116288)
US recently had a bonus miles promotion (see this thread) that allowed the "purchase" of miles for about $.007 per mile, there are a lot of folks who felt that was a good value and in some cases spent $10's of thousands of dollars buying miles. Guess some folks thought $1,000 plus taxes for an international F ticket was a good deal. :)
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Originally Posted by foxberg
(Post 13140855)
Where can I find this IC Ambassador offer? I'll be staying at IC in SFO in Feb. I was going to buy it anyway and I didn't know they had that sort of offers. Is there a similar offer for AA? Thanks!
These days you still get the IC BOGO cert (buy1get1 weekend night free at any IC hotel) and 5k PC points with your annual membership, but no miles AFAIK. |
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