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Originally Posted by LAX88
(Post 20156411)
Or just plain awesome if you do both and don't mind paying ~$1,000 in fees for F.
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Since your father asked, it's fine for you to offer some help if you really think your father has another way to use the points, which would give him more than the $1000 of value his travel agent discovered. But, as a general rule, it doesn't matter how "you" value the points, unless "you" manage the account. For many people, spending the points/miles to get something worth $1K for no effort is a great deal which makes them happy; whereas, investing a great deal of time to become expert in redemptions so they could then get something worth $3K transforms the freebie into just another "to do" on the list. The increased monetary value is not matched by an increased feeling of satisfaction; it's no longer a freebie but rather a part-time job.
Bear in mind that your father is a generation older and has that much more work/savings behind him. Squeezing a couple thousand more dollars out of a redemption probably isn't gonna change his lifestyle any or even be noticed in the budget...or at least this is often the case with people who are happy to get a freebie from an airline or hotel. Don't assume everyone who fails to maximize their redemptions is an idiot or being ripped off. Many of them are delighted to get something for nothing. If they want to get something even better, it becomes work...
Originally Posted by robertw477
(Post 20149556)
My father told me today that the travel agent he called said his 155K Starwood points can save him $1000.00 on a cruise ticket. YIKES! :-) That is .6/10th of a cent per point. I wonder how many people have no clue the correct way to use miles and points and when they finally do redeem end up cleaning out their accounts. In a way that makes the programs even more lucrative as when people finally accumulate a decent amount of points, they end up wasting them on a poor redemption. I tried to tell him the true value of Starwood points which I value at 2-5 cents each. The absolute worst case is 1.25 cents each standard transfers to airlines and getting standard economy domestic seats. Its like somebody telling you they did great spending 50K miles for a common standard coach ticket and thinking it was a hot deal. He said that he wanted to ask me first if it was a good deal.
Rob |
Originally Posted by AlohaDaveKennedy
(Post 20156812)
Argh - sent 8 scouts to Zurich for 240k - could have sent 24 for the price of 2 seats.:p
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I see the true value in the opportunity miles/points allow. Never be able to afford F/J tickets for my wife and I on pseudo-RTW trip but miles allow that because with UA/UR we have enough to do it even a the horrible value standard level. Additionally, there are low value redemptions that work depending on the situation. I've gotten as high as $.12/pp and as low as $.0068/pp for my redemptions and been equally pleased. Too me time off/ time spent with family is far more valuable than miles and points could ever be.
Just a hypothetical: if I had the mileage/point balance I have now (which is decent but far from excessive) and $1000 for a vacation and I could get tickets @$150RT each for the 3 of us as well as the ideal hotel room for $60 a night/ 7 nights. I would redeem 25k per ticket an 10k+ per night in a heart beat, just so that $1000 could be better spent at the destination. The "value" I am getting from the points/miles is horrible but in all the talk of cash v. Points there is an opportunity that points/ miles provide that straight up "best value" only arguments neglect. |
It's also a matter of people's circumstances. If you don't have vacation days to travel a whole lot and if you want something that you probably wouldn't buy for yourself, why not use the points to redeem something other than airfare or hotel stays. The way I look at it, majority of the points are 'free' anyways and you can always accumulate more for when you do have the time to travel.
Personally, I love traveling and seeing new places, but everyone is different :) |
Originally Posted by srdshelly
(Post 20158283)
I'm with your dad. I want more fee trips, and don't really care where I sit in the plane. The extra "value" you get by redeeming for premium class seats is simply referenced to the insane retail prices of such service, and the extra comfort may indeed be worth the extra miles to a lot of people. But I don't really believe that I'm getting less "value" if I enjoy four international trips in coach this year rather than two in premium cabins, just because the retail price of my travels would be less.
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Originally Posted by JFKLAX321
(Post 20157396)
As far as I know, AA offers no J service to LAS. You're talking about domestic F.
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I will be flying to Rome in Business and back from Dublin in business (mainly because there weren't any economy flights on the way back so I said the heck with it and did business for both my wife and I).
I've never flown business/first before so I don't know yet what I've been missing. I earn most of my miles from sign up bonuses so I'm not always miles rich so I tend to always try to travel more than I do travel in style. I'm getting something like 8 cents per mile on this trip but while some people really tend to harp on that, it's also flights I would NEVER pay that price for. On this trip we are also using Hilton points for the Rome Waldorf and while I'm sure it will be great, I'm not elite so basically nothing is free at the hotel. We like staying at high end places but just as much a nice holidy inn with a good hot breakfast is ok by us too. |
My friend just had this situation a month ago. He wanted to burn his 30k United Miles and insisted on getting something from the catalog. I kept telling him no, no. He went ahead and wasted almost all of his 30k on a crappy Garmin GPS that doesn't even work.
Just last week he told me he is taking a trip to Berlin and that he should have listened to me, now he is scrambling to get a CC sign up bonus and pay out of pocket for the other half of the flight. |
Originally Posted by srdshelly
(Post 20158283)
I'm with your dad. I want more fee trips, and don't really care where I sit in the plane. The extra "value" you get by redeeming for premium class seats is simply referenced to the insane retail prices of such service, and the extra comfort may indeed be worth the extra miles to a lot of people. But I don't really believe that I'm getting less "value" if I enjoy four international trips in coach this year rather than two in premium cabins, just because the retail price of my travels would be less.
Originally Posted by peachfront
(Post 20158793)
Since your father asked, it's fine for you to offer some help if you really think your father has another way to use the points, which would give him more than the $1000 of value his travel agent discovered. But, as a general rule, it doesn't matter how "you" value the points, unless "you" manage the account. For many people, spending the points/miles to get something worth $1K for no effort is a great deal which makes them happy; whereas, investing a great deal of time to become expert in redemptions so they could then get something worth $3K transforms the freebie into just another "to do" on the list. The increased monetary value is not matched by an increased feeling of satisfaction; it's no longer a freebie but rather a part-time job.
Bear in mind that your father is a generation older and has that much more work/savings behind him. Squeezing a couple thousand more dollars out of a redemption probably isn't gonna change his lifestyle any or even be noticed in the budget...or at least this is often the case with people who are happy to get a freebie from an airline or hotel. Don't assume everyone who fails to maximize their redemptions is an idiot or being ripped off. Many of them are delighted to get something for nothing. If they want to get something even better, it becomes work... |
Originally Posted by luv2ctheworld
(Post 20156335)
I think the OP's point was to highlight what is considered a waste of points or miles... and a critical issue is defining what would be considered a waste.
In many examples noted previously, whether it be for a last minute expensive ticket, or a ride up in F, I would not necessarily consider it a waste. What I personally would consider waste is what the ALTERNATIVE to using the miles would be. If there was a decent cash option, and the mileage requirement far exceeded the value of the cash option AND the miles could be used for future/another purpose, I would think it's a waste. If there were no use for those miles for anything else, then one can use it up and not consider it wasted because there was no ALTERNATIVE use for them. Also, if one had far more miles than money, then the threshold for defining waste is probably going to be substantially different than the person who is saving his or her hard earned 10K annual miles from flights and credit card spend for a flight to Europe (it would take them 5 or 6 years); whereas some of us, with our business travel/elite status or credit card bonus/spending, earn that in a month or two. There is no one set of principles that suits everyone - each person has his / her own criteria on what is more important to him / her - whether having comfort in travel or save as much out of pocket cash as possible - 2 almost mutually excluded goals if there is no compromises in between. For relatively "short" trip from East Coast to Europe, we often fly in coach especially from Europe back to US often is daylight flight. It is just a little longer than a Transcon. It is not too hard to endure a 7 to 8 hours long flight in coach. The incremental hours from that threshold though, are MUCH HARDER to endure. For long haul 14+ hours TPAC type of flights, there is no question a ride in the J or F is a necessity because we do not need to do such a trip. It is pure discretionary so if it is not doing it in comfort, why bother? A quality sleep in flight for such long haul is very important to us, as well as lounge access at airports thanks to class of service on a long trip that involves many airports over the length of the trip. For hotels we always compare the cash price versus the point requirements - when cash price makes more sense, i.e. the points can be used somewhere else for more expensive locations, then we pay for hotel stays. We often mix up hotels from moderate to luxury in a trip but we do like to have nice hotels towards the end of a lengthy trip - just feels good to end a trip this way. ;) |
We NEED people to waste points. If everyone is a FT'er and maximizes the redemption value, it is not financially viable for all these companies to continue to offer these programs without huge inflation. We need to thank the points wasters.
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I stopped worrying what other people do. I can only set a good example and be helpful if they show interest.
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Originally Posted by robertw477
(Post 20149556)
My father told me today that the travel agent he called said his 155K Starwood points can save him $1000.00 on a cruise ticket. YIKES! :-) That is .6/10th of a cent per point. ...
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Originally Posted by redtop43
(Post 20156142)
He flies at least 2-3 times a year from SFO to Asia or Europe, and he says he has no trouble sleeping like a baby in coach.
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