Yes that’s the “value” I’ve heard for each mile too, but sometimes, between sales and the 15% discount Delta offers for using the cr card, it can be a great deal. The flights we are taking Atl-Lax-Akl, first class across country/Delta one suites over the ocean we got for 178,500 mi each, and the return from Syd-Lax-Atl (same delta one suites and first class) for 144,500 mi each. Fortunately I had been banking miles so had enough to get these tix and use the global upgrade certificates. All we paid in $ was around $285 total in taxes and fees. No complaints here!! In my mind, the card was well worth it, and the compounded flying miles b/c of the status for spending and flying helped. YMMV
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