Points value??

[timmitch]

I have a family member that has 100,000 frequent flying points but hates flying. He has earn them from credit card and what not over the years and offered me them. My question what is a fair price for this amount of points?

 

[Dmac6345]

Offered them to you !!!
For what in return? A slab, bubbles or money?
100,000 is a fair few points. Monetary value is always difficult, especially when it's on credit card spend. Take them out for dinner and put it on your Credit Card

 

[ashleyn]

If they want to give them away, suggest the value is $0. As per previous posters, take them to dinner or buy them a case of their favorite tipple.

 

[MEL_Traveller]

Good question

Depends how you are intending to use the points I guess - but in general - $1000.

If you were going to use the points for domestic travel I'd value the points at say a MEL/SYD-PER basis at 18K each way. That would equate to ~5 trips, with a standard sale price of $200 each way - so $1000.

If you were looking at international travel, then it is probably not worth considering economy class as you can buy those fairly cheaply. So let's look at business class. The basic principle wold be to value the points at no more than the cheapest price you could buy miles under a mileage sale program such as AA, US Airways or Lifemiles.

Based on current exchange rates that would value the 100K at around $1600. However - USDM for example allows you to redeem an Asia return award for 90K miles - and Qantas is going to want at least 120K. So there would be some discount in your 'exchange' price to account for that. Top up points purchased from QF for the extra 20K miles would cost $557. So it works out to about $1000 ($1600 less $557 top up)

 

[boomy]

When I used to fly Virgin Blue, I had a lot of points and nothing to do with them (they didn't have any partner airlines back then) so I got an award flight for my friend from Sydney to London and he payed me half of the retail value of the ticket. Maybe you can work out a similar arraignment with your family member.

 

[timmitch]

I am heading to the US in 2015 and will need two business class return tickets. So around the $1000 mark. I don't won't to rip him off as I would like him to come to me again in the future

 

[MEL_Traveller]

I am heading to the US in 2015 and will need two business class return tickets. So around the $1000 mark. I don't won't to rip him off as I would like him to come to me again in the future

That's probably around a fair mark - and actually thinking about it - basically converts to cash the points value through credit card spend (1c per $).

And $1000 is not insignificant.

But I don't think there's an conscience issue with $1000 being 'too low' - it's justified by several different methods.

 

[burmans]

That's probably around a fair mark - and actually thinking about it - basically converts to cash the points value through credit card spend (1c per $).

And $1000 is not insignificant.

But I don't think there's an conscience issue with $1000 being 'too low' - it's justified by several different methods.

Personally I value QF points only on a good day at 1c, yes I know you can get more value than that out of them but there are plenty of options much less than that too. Have you actually asked them, sounds to me they value at $0, so I'd split the difference at $500.

 

[Happy Trails]

I'd go with $1000 too, but perhaps a gift of similar value might be more appropriate.

 

[MEL_Traveller]

I'd go with $1000 too, but perhaps a gift of similar value might be more appropriate.

given that FF points can't be sold, exchanged or otherwise bartered - I just be giving family relative a huge 'thank you' and white envelope.


(which happened to contain $1000 )

 

[Happy Trails]

given that FF points can't be sold, exchanged or otherwise bartered - I just be giving family relative a huge 'thank you' and white envelope.


(which happened to contain $1000 )

Yes, I was wondering if might contravene the T&Cs, not that's it likely to be an issue with a genuine family transfer.

 

[yo yo ma]

I would look at the value of gift cards and go off this - at $20 per 3000 points makes 100,000 points worth $666 in gift cards.

Since you are giving cash I think $600-650 would be fair.

https://www.qantas.com.au/fflyer/dyns/campaign/autoRewards

 

[Limewood]

given that FF points can't be sold

Except on Gumtree by looks of it.

 

[JohnK]

I think $1,000 is a good compromise.

 

[timmitch]

I won't be buying them. He will get a Xmas present from me and I from him

 

[haughmummy]

I have a family member that has 100,000 frequent flying points but hates flying. He has earn them from credit card and what not over the years and offered me them. My question what is a fair price for this amount of points?

I purchase some Qantas Frequent Flyer points so I had enough for a business class flight and paid $520 for 20,000 points.

 

[Richard Ling]

Hawaii return economy = 80,000 points. LA return economy = 125,000 points. $1000 is a bargain.

 

[bigpete]

I think it may depend on your relationship with the donor and how much knowledge and interest they have in the value of their stash. If you google the topic, frequent flyer points/miles are generally considered to be worth 1-2c. There are certainly ways to get a higher return - my last major redemption (570,000 points for 4 x OneWorld Zone 10) returned 4c.

 

[matrad]

Interesting! So you just have to be a 'de facto' of the gumtree seller. Related items for sale included silver bag tags and lounge passes.

Except on Gumtree by looks of it.

 

[Buzzard]

$1,000 seems fair. I recently saw 100,000 sell on ebay and I am certain they fetched over $2,000. Why not have a look on ebay past sales?

(just checked ebay - 100,000 sold for $2,300, some 100,000 sales for less)