How much is a United Airlines Mileage Plus mile worth?
I thought I would take a look at another airline rewards program. This time it is the United Airlines Mileage Plus Program. After doing some calculations I valued one of the United Airlines Miles to be worth 1.28 cents or $0.0128 when you redeem your miles for flights and up to 5 cents or $0.05 when redeeming for restaurant certificates. I know that seems like a small number especially with how many decimal places I have gone to, but they add up when you are talking tens of thousands of miles to fly somewhere. Keep in mind when I say the 1.28 cents/mile is for flights that is a rough estimate based off of one flight I found. Using it for other rewards will also change its value. I find travel is one of the worst uses for it in terms of monetary value. Entertainment rewards are usually the largest value/mile (probably because of the high markup). Using mileage plus miles for restaurant certificates on Restaurant.com, it appears that you can get anywhere from 2.5 cents/mile to 5 cents/mi
