How much would you pay for miles?
 

What do you think is fair price to pay for miles? The idea is not to buy them from airline, If i create a scheme to make miles what is the justifiable cost.

At the present time, I would pay 0. I can get them for the cost of a few credit inquiries and most of us can get enough to cover our travel plans.

That's the ideal case. Lets say you want some more miles so that you can travel in First. Then what do you think?

I can get enough miles for my family of 4 to take two international trips in F plus a bunch of domestic trips. So, again 0. :p

Thanks for not going negative.:o

No more than $0.01/mile

i don't need any, but....i think that there would be a high volume market @1 cent & the market would stall at 2 cents...

if i needed 1k mi for a 100k j award immediately, 10-25 cents would be considered...but this wouldn't generate enough volume...

that's my 2 cents worth....

Do some searches for "what is a mile worth". Everyone's idea is different. It depends on what you'd use them for. I only redeem in coach international, so very roughly I would be willing to pay $600 for 40,000 (off peak to Southern South America on AA) so that's 1.5 cents per mile. Even at 1.5 cpm I would not buy unless I was in a bind and ran out of my stash of miles, or had an immediate need for a specific trip. However, most people on FT redeem in J or F so they value miles a lot higher than I do.

I agree. What i am trying to find out is actually the lowest value of a mile. I will not pay 1.5 cents even if the airline offers me the miles.

For economy class i think the real value of mile is about 1 - 1.5 cent.

I value my miles at the following:

United 1.6 cents/mile
Hilton .6 cents/point
SPG 2.5cents/point

I will buy them at 40% of this value. Keep in mind that the Airlines and Hotels will routinely charge you double the listed price (i.e. one r/t airfare for 50K instead of 25k), so you should pay much less than their face value.

Good Luck,
Bald Army Guy

i'm confused!...are you answering your ?....or, you are saying the scheme must cost less than 1.5c?...

I agree with learningtime's posts above.

I would not pay anything for miles since I am able to get more than I can use at the cost of a few credit pulls and filling out a few credit apps.

And, maybe, placing a mint coins order.

Also, you never know when miles can be rendered more or less worthless by an airline. I'm talking about you, Delta.

I pay as high as $.008 which is about the cost to gen a virtually unlimited amount with GC/DC. Like to pay $.002 which is about gas and baggies for DCs. Overjoyed to be actually paid to haul the miles away with rebates in a GC/DC transaction, but that gig is over until fall.:D

I am trying to validate my opinion about the value of miles. Just want to make sure that i am doing it right.

Coming back to the scheme i think it should not cost more than 1.1 cents leaving at least 25% - 30% margin.

Whats GC/DC? Wanting to know how I can generate miles at .008!