casanovawa
Established Member
- Joined
- Jan 17, 2011
- Posts
- 2,972
The two calculations you want to make, which are:
1. Am i getting more value from the points that what it cost me to earn them... That's easy enough to do, take the cash fare price and then deduct the fuel surcharge/taxes off of that and divide it by 18000 or 36000 and see what value you are getting per point, than have a think about how you earnt them... Are they from free signups from credit cards or freely earnt at coles/woolies or are a certain amount from bills where they might have cost you around 1 cent a piece or more and how does it average down with the free points etc...
2. Is it the best value i can get out of redeeming these points... For that it will require pricing up a few short and long haul international economy/business tickets and see from a base caluclation above of what value you are getting for these particular flights (say in economy ASP-MEL-SYD - $309-$109 = $200/18000 = 1.1 cents per point) and then do a few other calculations on the point value of say a redemption to Europe or the States to see if you should keep your points for that instead...
Flying airlines like CX or those outside of the QF/EK arrangement might cost a few more points (extra 10-20k) but the cash component you pay can often be much less again getting a different valuation per point...
1. Am i getting more value from the points that what it cost me to earn them... That's easy enough to do, take the cash fare price and then deduct the fuel surcharge/taxes off of that and divide it by 18000 or 36000 and see what value you are getting per point, than have a think about how you earnt them... Are they from free signups from credit cards or freely earnt at coles/woolies or are a certain amount from bills where they might have cost you around 1 cent a piece or more and how does it average down with the free points etc...
2. Is it the best value i can get out of redeeming these points... For that it will require pricing up a few short and long haul international economy/business tickets and see from a base caluclation above of what value you are getting for these particular flights (say in economy ASP-MEL-SYD - $309-$109 = $200/18000 = 1.1 cents per point) and then do a few other calculations on the point value of say a redemption to Europe or the States to see if you should keep your points for that instead...
Flying airlines like CX or those outside of the QF/EK arrangement might cost a few more points (extra 10-20k) but the cash component you pay can often be much less again getting a different valuation per point...