Are SkyMiles really not worth the frequent flyers' loyalty?
Below is the list of products or services one can redeem with SkyMiles. The following comparison does not take into any consideration of the cost factor such as that how SkyMiles are earned, how any Bonus SkyMiles are gifted, or what Delta's Medallion status an individual has. The value per mile varies from product to product.
|Product||Criteria||Class of Service||Dollar Amount||Mileage||Value Per Mile|
|LAX to JFK||Flexible Dates in March||Economy||$340||25,000||1.36 cents|
|LAX to JFK||Flexible Dates in March||First||$1,300||65,000||2 cents|
|CLE to HKG||Flexible Dates in March||Economy||$1,100||70,000||1.57 cents|
|CLE to HKG||Flexible Dates in March||First||$5,800||140,000||4.14 cents|
|SEA to FCO||Flexible Dates in March||Economy||$1,195||60,000||1.93 cents|
|SEA to FCO||Flexible Dates in March||First||$6,395||125,000||5.12 cents|
|SkyClub Membership||Annual||Individual||$450||70,000||0.64 cents|
|SkyClub Membership||Annual||Executive||$695||110,000||0.63 cents|
Clearly, redeeming SkyMiles for international first class (i.e. Delta One) long haul flights is the best way to go if the focus is strictly on the value per mile basis. Using the CLE to HKG example above, redeeming a Delta One round trip ticket is as if getting approximately 4% cash back. In the SEA to FCO example, it's as if earning 5% cash back.