Can't agree with that as a flat statement.
If you ever intend to redeem VFF points for international partners, best to have them in the bank ready to go. I'll have to do the calc to see if the value is there on the particular award I might take, but it looks reasonable.
The base rate of earn by flying is 20 CPP, throw in tier bonuses etc and it's still cheaper to buy. Personally I can't churn cards any more, so that route is out
The downside is a future devaluation of course but I'm a bit sanguine about that risk. Whether I've earned the points through paying to fly, or cards, or paid for the points outright, it's the same risk.
