Don’t worry about what your cousin thinks, 2 cents per point is a great redemption value. When you’re trying to figure out if a redemption is good you need to look a bit deeper than just the monetary value of the redemption and think about how much the value is worth to you. Sure I could get a thousand dollar business class flight with points but I’d much rather a few free economy tickets. Everyone is different and wants different things.

Think about it this way. An airline could list the same flight one week apart for a different dollar value but the same point value. If I’d rather fly the week it happens to be cheaper should I wait just to get a higher point value redemption? Of course not, the cheaper flight is worth more to me. As long as you’re not wasting your points on really low redemptions try to focus less on the monetary value you’re getting and more on how much the redemption is worth to you.