Is Citi's Valuation Of Frequent Flyer Mile Awards Fair?
Thursday, February 9, 2012 - 3:09 PM
Citi calculates its 1099 amounts at $0.025 per mile, supposedly based on an average price of $625 for a domestic coach ticket, a trip that you can get for 25,000 miles. This valuation is, of course, ridiculously overpriced:
Ken Tumin5,417 posts since Nov 29, 2009 Rep Points: 122,954