How does everyone derive their value of a mile?
This is one of the most important figures you'll need to play the miles game. I personally use 1.8 cents per KrisFlyer mile, down from 2 cents a couple year back. This isn't an exact science- I've based it off the prices I know miles can be bought for (e.g through CardUp, RentHero, annual fees) and the value I know I can get for them.
Since it's a personal figure, I'm curious to hear how others came to theirs.
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Boon Ming
06 Feb 2020
Engineering at Nanyang Technological University
For a rough calculation I'd always use 1.8 :)
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1.8 following Milelion past analysis. The research is reasonable and easy to follow
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I follow the conventional crowd wisdom which is 1.8 miles per dollar,. This nalysis is supported by Milelion analysis currently, he seems to be the authority in Singapore;s context of airmiles. If he devalues his perceived value of airmiles, I am likely to follow him based on his extensive research
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I value miles at 0.5cpm because I wouldn't pay more for a ticket than what an economy class ticket f...
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Like u said there is no exact science, it's really based on how u use your miles and that's how u'd value them
some people i know value them based on how much they'd have paid by buying from miles brokers while others from cc spend