Carry On Luggage

My Relaxed Valuation of Points and Miles

I’ve been asked to come up with my values for each of the types of points and miles we strive so hard to collect. I know some of my fellow hobbyists can quote you values down to the tenth of 1 cent and clearly explain and justify why “X” point is worth _ and “Y” point is worth just a little bit more. I like to look at miles and points as a way to obtain experiences and not have to pay cash out of pocket. If I accomplish that simple goal, I’ve won.

That being said, though I certainly understand that we should be earning and obtaining points at a price per point far below any reasonable redemption gives us.

There certainly is validity to the notion that every good points collector has the opportunity on any credit card transaction to earn 2% cashback from a simple cash back card. And that leads many to value a transaction as a loss if they don’t earn at least 2%. I never worry about that though as every new card welcome or … Read More

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