Points are a great enabler, but each redemption creates opportunity costs, they are real, despite what Drew thinks
Many people here on the forum may have a $20K line of credit on a card, so could, in theory, buy a F seat somewhere nice. However, most of the people who could actually do this probably shouldn't because it is considered financially irresponsible.
It seems to be such a different perspective when points are involved, pretty much any redemption is acceptable, more or less, because people think of the sticker price value. When cash is involved, keeping the cash in your pocket seems a lot smarter.
Is there a level of net worth where you shouldn't fly in F? Does that become the same question for J, and even Y?
Many people here on the forum may have a $20K line of credit on a card, so could, in theory, buy a F seat somewhere nice. However, most of the people who could actually do this probably shouldn't because it is considered financially irresponsible.
- Some couldn't pay back the card.
- Some could, but still have other debt/ generally aren't financially independent
It seems to be such a different perspective when points are involved, pretty much any redemption is acceptable, more or less, because people think of the sticker price value. When cash is involved, keeping the cash in your pocket seems a lot smarter.
Is there a level of net worth where you shouldn't fly in F? Does that become the same question for J, and even Y?