Points and Cash in Travel Rewards: A Practical Guide

You're at the airline checkout page with two choices that look strangely hard to compare. One screen asks for 60,000 miles, while another offers 30,000 miles plus $312. The second option feels cheaper because you keep half your miles, but the cash charge may be absorbing much of the value you hoped to get. That hesitation is justified. Points and cash is a pricing decision, not automatically a discount....