rjbraun wrote:BeneIRA wrote:
It's a miles and points high quality problem to have. Do I spend my 60,000 URs for this redemption or just pay the cash price and hoard the points for a better redemption? It's a lot harder when it is MRs or URs since they are so flexible. With hotel points or carrier-specific points, it's easy since those tend to devalue. It depends how you fly. If you are content with cheap economy fares, finding over 2 cpp isn't as easy, especially since cash prices have been pretty reasonable lately. If you fly Business/First, then finding that rate is much easier, but the issue is that for me, I don't value a first class ticket at $2,000 or whatever it is going for, so the cents per point don't matter as much to me.
The enemy of the good redemption is the possibility of a great redemption.
That's a good point, about cash airfares seeming to be attractively priced now. I guess that's part of the equation, in that the cash price is good so I feel okay enough about spending the money. But your point about using URs or other points to snag a Business/First class plane ticket helped to remind me what I am kind of holding out for. I'd be reluctant to shell out cash for a higher-class ticket, but if I could get one (really two, for SO, too) I would love to be able to use points for that. I guess that's kind of what I'm holding out for. I tend to agree with you, I don't think I would necessarily value a first-class ticket at $2000 (or whatever), but I guess I'll have to wait and see when I find a higher-class fare whether I will be prepared to "pull the trigger" to cash in the points. Or, will I say, oh, I could buy x more coach fares with that same amount of points. I hope not but can't say, for sure, how I will feel.
I booked business class tickets to Australia using AA miles. I'm flying ATL-LAX-SYD. It was 80k miles one way and like $11 in taxes. Economy was 40k miles. The cheapest comparable flights would have been about $1,800 in economy roundtrip (2.3 cents per point) or over $8,000 in business (5 cents per point). I think it was well worth paying twice the cost in miles to have a lie flat bed on a 15 hour flight. It's not so bad paying more in miles when the cash price for business is 4-5x as much.