The absolutely worst US Dividend Miles valuation ever (Points.com->PayPal)

Discussion in 'US Airways | Dividend Miles' started by Wandering Aramean, Feb 10, 2011.  |  Print Topic

  1. Wandering Aramean
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    Wandering Aramean Gold Member

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    I challenge anyone to find a worse value than the new one from Points.com and PayPal. Yes, you get cash in exchange for your points. But the ratio is simply awful.

    Redeeming for a $100 PayPal credit costs more than 120,000 points. It was so high I thought it was a typo.
    Simply unconscionable:

    [​IMG]

    http://boardingarea.com/blogs/thewa...worst-points-redemption-option-ive-ever-seen/
    http://blog.points.com/2011/02/09/points-com-paypal-introduce-a-new-way-to-use-your-miles/
    https://www.thepaypalblog.com/2011/02/paypal-teams-with-points-com-to-turn-airline-miles-into-cash/
     
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  2. I think I'd rather sell a kidney if I was that desperate for cash.
     
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  3. ariyo15
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    ariyo15 Silver Member

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    A kidney!? Now that's a great deal! I'll give you 150k DM for your kidney, then black-market the kidney for a few grand, then flip that cash into either (a) an awesome MR or vacation or (b) a mileage-buying opportunity if US ever offers anything like they did last year, and voila! I just turned my original 150k DM into a full year (or more) of *A travel in F! HAHA
     
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  4. synd
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    synd Silver Member

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    now if only I could buy 120K for 100 USD, I would not have to worry about travel cost anymore!!!
     
  5. mowogo
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    mowogo Gold Member

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    At that purchase rate, I would become a US elite just to earn such valuable miles
     
  6. Tiki
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    Tiki Silver Member

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    I knew it would be bad but didn't think it would be THAT bad! [​IMG]

    Let's see now.................$100 or J class ticket to Europe or USA from BNE................[​IMG]
     
  7. chemist562
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    chemist562 In Memorian

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    120K would get 2 off peak business class tickets USA-Europe on US metal. Depending on which TATL aircraft one is on, it can be a very nice ride.
     
  8. synd
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    synd Silver Member

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    now the question and i hope the answer is no: will anyone actually take advantage of this wonderful offer? of course I am sure anyone frequenting the FF online forums will not, but are Mom & Pop kettle dumb enough to get cash this way? I would be really curious to see the statistics of usage on those offers. If you're that desperate for cash sell your miles to friends or to me... [​IMG]

    and finally to the smart ass young college graduate or intern that actually thought of this you deserve the nobel prize of stupidity!
     
  9. DeacFlyer1
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    DeacFlyer1 Silver Member

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    But if they actually get someone to bite on it, are they really that stupid?!
     
  10. Wandering Aramean
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    Wandering Aramean Gold Member

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    C"mon...the guy or gal developed a way to decrease corporate liability while making the consumer think they got a good deal. The airlines have whole departments dedicated to this sort of thing. While certainly not a job that I'm inclined to take, it is something that the airlines are constanly looking at and paying people good money to develop: http://boardingarea.com/blogs/thewa...1/the-worst-travel-industry-job-in-the-world/.
     
  11. jswong
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    jswong Gold Member

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    They won't need many takers to make this worth their while!

    Jeff
     
  12. Not really too surprised; points.com has some horrorific exchange rates, and a lot of programs only allow transfer-in, not out, or max/min on how much can go in.

    Sitll, $100 for 120k miles. I sure which I could BUY 120k miles for $100 :)
     
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