Thank you in advance for your help. I have looked at the articles on the site and read some previous posts, but I wonder if the community could help? I normally have no issues whatsoever with maths, however valuing my points has me stumped. If I could give an example below I would be very grateful for your feedback. I think reading all the articles I have just confused myself.
I currently have two rewards credit cards, ANZ Travel Rewards which earns me 1.5 points per $ for the first $1500/month and the American Express Explorer card earning 2 points per $. My husband and I like to visit Queenstown NZ, flying from Sydney. We have been using my Etihad miles up until now as I have gold status and fly with them back to the UK to see family. We redeem these miles with Virgin Australia.
I would expect to pay an average of $600 return SYD-ZQN-SYD. In economy this would be 13,800 Etihad Guest miles + $65 in charges. From what I have read this values 13,800 Etihad Guest miles at $535, or, 3.9c each (redemption value).
I am struggling to calculate my earn value, or, how much of a surcharge I should be happy to pay on the Amex. I receive two point per $, worth 1.5 Etihad Guest miles. Can you help with this last bit?
Thank you! Joe.