VALUE OF MILES

[Dan]

So one example I ran was JFK-FLL on Jetblue this weekend.

The flights I selected totaled to 59,900 Jetblue Points+$11 in taxes.  To get the same flight in $ it came out to $651.

So $651/59,900 = 0.010 which means a penny per mile. Is that right?


THANK YOU EVERYONE FOR HELPING

651-11=640/59,900=1.07 cents per mile. Poor value.

[ExGingi]

651-11=640/59,900=1.07 cents per mile. Poor value.

The beauty of the CSR is that it allows everyone to easily evaluate value of points, as it puts a 1.5 cents floor on the value.

Anything valued below that can be universally agreed upon as poor value. 1.5 cents is fair value (or just below, depending where it's redeemed as far as ease of finding the redemption and actually redeeming), anything above that is subjective (depending on time and effort that needs to be spent for the redemption).

[chuckfinley]

The beauty of the CSR is that it allows everyone to easily evaluate value of points, as it puts a 1.5 cents floor on the value.

Anything valued below that can be universally agreed upon as poor value. 1.5 cents is fair value (or just below, depending where it's redeemed as far as ease of finding the redemption and actually redeeming), anything above that is subjective (depending on time and effort that needs to be spent for the redemption).

So very simply put -- if it comes out to less than 1.5 cents per mile, its not worth is with a CSR correct?

[Naftuli19]

So very simply put -- if it comes out to less than 1.5 cents per mile, its not worth is with a CSR correct?

yup

[yelped]

i might be wrong but i think B6 is a 1.5 value a $150 ticket would b 10k points

Not necessarily. See B6 award thread.

[farmbochur]

The beauty of the CSR is that it allows everyone to easily evaluate value of points, as it puts a 1.5 cents floor on the value.

floor is 1.435¢ (3 / 209)
should really be lower if you can get 5x MR, but introducing another currency complicates the math

assuming MR = UR, the floor is only 1.395 (3 /215)