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How to determine the value of your miles - Page 2

by , SmarterTravel Staff
Editor's Note: This story was originally published on February 7, 2006. To see the most recent SmarterTravel articles on related topics, please click on any of the following links: Erica Silverstein, frequent flyer.

You should also use this approach when converting miles to another currency through a site like Points.com. You might be losing financial value on the transaction, but if Starbucks points or a gift certificate is worth more to you than some useless miles, you'll end up with the best deal for your preferences.

No matter what the situation is, you'll make the most informed decision if you do the math to work out the financial value of your miles and then assess whether any personal factors trump the financial ones. As long as you believe you've gotten a good value from your miles, you will come out ahead every time.

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