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Discussion in 'Miles & More | Lufthansa, SWISS, Austrian/Partners' started by LFCorsten, Feb 6, 2011.
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How do you calculate the value of one mile? 1cent 2 cent 3 cent What is the value in your eyes?
The real value is in the opportunity to fly somewhere I don't really afford or in a class of travel I don't really afford. I don't think it's as easy as saying that the value of miles are equal to the ticket price of a normal ticket on the same flight divided by the number of miles used.
that would be betraying yourself
I compare the money I would pay for something with the cost in miles.
E.g. I would pay 1400EUR for a semiflex C trip to the USA (no mileage accrued) and occasionally I do need such tickets. With miles, it costs 105k Miles plus ~300EUR in taxes. So the value of the mile for me is (1400-300)/105000 == 1.04ct.
Obviously, if you would be prepared to pay twice as much for such a ticket, the value of the miles for you would increase too.
So your miles are as expensive (or cheap) as you are.
I value my miles at €0.01 per mile.
without taking in consideration: How earned?
ok. made with the cc they are anyhow for free. without Überweisungsservice.
I don't even have a M&M CC....
Why not? It is free for SEN / HON.
I don't see a value in it. Just because something is free, it's no reason to take it.
Not every SEN/HON has access to them.
Why not? it is possible to take it as "prepaid".
Not based in a country that offers them.
the german one you can without a problem
I would value a bonus mile at 1 Euro-Cent and a status mile at 1.5 - 2 Euro-Cent.
I have never thought about comparing the miles with money.
I would also evaluate the value of miles based on what you get for them rather than what you paid for them. Miles act differently than money in a bank-account...
The approach would be "how much (or little) should I pay for a mile to break even given my way of consuming miles".
I would need to think a bit more before I know my own numbers...
Value of a mile is different based on the person. For me its up to 2 cents earning and 4 cents on up when burning.
Why did you start this thread then?
To know what others like you think.
I hope our answers enlighten you in this case.
Your doubt is not necessary.
Where am I doubting it?
your post 22 implies it, but to be honest beck to the question.