Author Topic: VALUE OF MILES  (Read 1079 times)

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 57251
  • Total likes: 4995
  • DansDeals.com Hat Tips 16442
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: VALUE OF MILES
« Reply #15 on: March 26, 2019, 01:48:23 PM »
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.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline ExGingi

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Nov 2015
  • Posts: 8595
  • Total likes: 2148
  • DansDeals.com Hat Tips 12
    • View Profile
  • Location: 770
Re: VALUE OF MILES
« Reply #16 on: March 26, 2019, 01:59:03 PM »
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).
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline chuckfinley

  • Dansdeals Silver Elite
  • **
  • Join Date: May 2017
  • Posts: 50
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: VALUE OF MILES
« Reply #17 on: March 26, 2019, 02:00:32 PM »
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?

Offline Naftuli19

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jun 2018
  • Posts: 2206
  • Total likes: 258
  • DansDeals.com Hat Tips 2
  • Gender: Male
    • View Profile
  • Location: Not in Quarantine
  • Programs: I wish all...
Re: VALUE OF MILES
« Reply #18 on: March 26, 2019, 02:00:55 PM »
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
Sometimes You Will Never Know the True Value of A Moment Until It's Become A Memory...

Offline yelped

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Mar 2015
  • Posts: 5417
  • Total likes: 549
  • DansDeals.com Hat Tips 14
    • View Profile
Re: VALUE OF MILES
« Reply #19 on: March 26, 2019, 02:37:23 PM »
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. :(

Offline farmbochur

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2011
  • Posts: 1539
  • Total likes: 97
  • DansDeals.com Hat Tips 10
    • View Profile
Re: VALUE OF MILES
« Reply #20 on: March 26, 2019, 02:49:58 PM »
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)
« Last Edit: March 26, 2019, 02:54:50 PM by farmbochur »
Risk is opportunity