I idea I would assume a scrutinize at another airline rewards program. This time it is the United Airlines Mileage Plus Program. After doing some calculations I valued one of the United Airlines Miles to be worth 1.28 cents or $0.0128 when you redeem your miles for flights and up to 5 cents or $0.05 when redeeming for restaurant certificates. I know that seems like a tiny number especially with how many decimal places I have gone to, but they add up when you are talking tens of thousands of miles to skim somewhere.
sustain in mind when I say the 1.28 cents/mile is for flights that is a rough estimate based off of a flight I found (the cheapest flight for specific dates as well) . Using it for other rewards will also change its value. I pick up move is one of the worst uses for it in terms of monetary value. Entertainment rewards are usually the largest value/mile (probably because of the high markup with their prices) . Using mileage plus miles for restaurant certificates on Restaurant.com, it appears that you can net anywhere from 2.5 cents/mile to 5 cents/mile. Significantly higher value for your Mileage Plus mile.
I was not able to check electronics as they are not immediately accessible anyways until you approach Elite situation. You glean Mileage Plus miles a variety of ways as well.
What Is The Value Of A United Airlines Mile?
Travel
I priced out a flight from unique York to Los Angeles and support using Mileage Plus miles and fair paying for it regularly. To try and be a bit more blooming, I found the cheapest flight I could for a one week round waddle as well.
The sign to leave 2 weeks ahead was US$318.80 for a round-trip. The impress in United Airlines Miles was 25,000 miles and no booking fee because I booked far enough in come.
If you do a bit of math you regain the $318.80 divided by 25,000 will give you the effect per United Airline mile (I will impartial say trace per mile from now on.
This number if US$318.80/25000 = $0.0128/Mile. This is rounded to the nearest 100th of a cent.
withhold in mind this is the value of an Mileage Plus Mile for this specific flight. You can calculate the value for any flight or any other products by taking the amount of money that would have arrive out of your pocket that you have saved by using the miles and dividing it by the number of miles you former. This will enlighten you the value per mile on that product. Some flights are better than others. Electronics are typically a lower rate of return for you mileage plus miles, but entertainment is better.
Entertainment
Advertised on the website are restaurant certificates from Restaurant.com. These are gift vouchers for partnered restaurants that you can search for on their website.
The gift vouchers are $25 for 1,000 miles or $100 for 2,000 miles. $25 divided by 1,000 and $100 divided by 2,000 give you 2.5 cents and 5 cents per mile. That is a very righteous return compared to the flight, but you have to remember you are getting food and that is it. Depending on what you are looking for, you are going to exhaust your miles on what you want.
If you like eating out and like traveling, it tells you to spend your miles for eating out and impartial pay for your plane tickets out of your maintain pocket.
