Fair trading prices

Tag Archives for Fair trading prices.

Impossible point valuations and the joy of free

How much are United miles worth?  Delta miles?  American Airlines?  How much are Ultimate Rewards points worth?  What about Club Carlson points?  Starwood points?  Hilton?  Marriott? For all of the above and many more, it is impossible to say. The answer to how much a point or mile is worth is “it depends.” It depends on how many you have Let’s say you have only a thousand United MileagePlus miles.  In a way, they’re worth…

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Ben is wrong. Gary is right. Neither is helpful.

If you regularly read View from the Wing or One Mile at a Time you know that Gary and Ben have been duking it out lately regarding the value of Hilton points.  Gary thinks Hilton points are worth about half a cent each whereas Ben thinks they’re worth about .8 cents each.  If you’re interested in catching up on the debate, follow these links for the blow by blow: Gary: Two Top Credit Cards Duke…

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Fairer hotel trading prices

One of the posts that I’m most proud of is this one: Fair Trading Prices for Points and Miles.  In that post, I pointed out that if you’re thinking of buying points or miles (directly or indirectly), it is helpful to know the usual cost of acquiring them.  With airline miles, for example, people buy miles everyday by using miles-earning credit cards.  If you use a card that awards you with 1 mile per dollar,…

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Fair trading prices explained

A better way to estimate the acquisition value (not the redemption value) of points and miles.  Last year I introduced the idea of Fair Trading Prices for points and miles.  Fair Trading Prices are the prices people pay for points or miles using the best available common option. Often, for example, people effectively buy miles by putting spend on points earning credit cards. The values in the Fair Trading Prices chart are determined by assuming…

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When is an award flight a good deal?

Suppose you are looking for a good deal for a flight and you find that you can either buy a ticket for $400 or redeem 25,000 miles for an award flight. Which should you do? The decision can be quite complicated. You need to know how much those 25,000 miles are worth to you. Plus, if you redeem miles, you won’t earn miles from either the purchase of tickets or the flight itself. And if…

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How much should you pay for Elite Qualifying Miles?

When opportunities arise to purchase elite qualifying miles, should you go for it?  How do you know if it’s a good deal? Background Delta is running a promotion through December 30th in which they are allowing people to buy elite qualifying miles, with prices between 9 and 11 cents per mile.  Should you do it?  Is it a good deal? Note: Delta refers to their elite miles as MQMs (Medallion Qualifying Miles), but since everyone…

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Fair Trading Prices for Points and Miles

Thinking of buying points and miles? Make sure to pay a fair price. Overview Lately I’ve been doing some pretty strange things. I checked into a hotel without any intention of staying there. I bought gift cards and sold them for less than I paid. And, I ordered products that I have no interest in ever using. Why have I done all of these crazy things? For points and miles, of course! Hotels, banks, and…

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