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Forum
-> Vacation and Traveling
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amother
OP
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 Sun, May 05 2024, 3:39 am
Hi,
Wondering is anyone here has any insight for me... A family member bought my daughter a ticket using miles (she was buying one for her own daughter too, they will be traveling together, and that was more economical for her). I want to pay her back but how do I know how much to pay? That same flight currently has no economy tickets left--it would be $2,000 to book now. The equivalent flight the next day is currently available for $1,300...
Any ideas?
TIA!
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amother
Viola
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Sun, May 05 2024, 3:40 am
AYLOR. May be a major issue of Ribbis.
- Should you pay the price that the ticket would have been in cash?
- The approximate cash value of miles (something like 2 cents per mile)?
- The price the ticket would be on the day you pay back?
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amother
Plum
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Sun, May 05 2024, 4:34 am
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A fair price would probably be how much the miles would sell by a broker (generally 1.1-1.2 cents per point for most airline miles) unless the regular cash price for the ticket with a couple of weeks advance purchase is cheaper, in which case I would give the cash price.
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amother
Watermelon
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Sun, May 05 2024, 4:35 am
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Value of ticket, minus some, in my opinion.
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amother
Lotus
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Sun, May 05 2024, 7:22 am
There's usually a cash price when you book with miles.
Did she not see that when she booked?
What airline?
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amother
Lotus
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Sun, May 05 2024, 7:24 am
| amother Plum wrote: | | A fair price would probably be how much the miles would sell by a broker (generally 1.1-1.2 cents per point for most airline miles) unless the regular cash price for the ticket with a couple of weeks advance purchase is cheaper, in which case I would give the cash price. |
Depends on which miles.
United vs Chase vs Capital One vs Jetblue
The 1.2 is usually for Chase
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amother
Blonde
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Sun, May 05 2024, 7:34 am
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We've done that before and we've paid the value of the miles, so if they were valued at $1, and we bought 500, it would cost $500 (this isn't accurate but it makes the math easier).
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amother
Garnet
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Sun, May 05 2024, 10:58 am
This type of deal is generally best when figured out in advance.
That said, AYLOR if there are any Halachic considerations to take into account when coming to an agreement
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amother
Cobalt
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Sun, May 05 2024, 12:13 pm
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We based it on the price at the time of the booking and paid a slightly lower price as the person using miles had a lot and wanted to use their miles and get the cash but we were losing the cc points we would have gotten had we bought the ticket ourselves.
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