This means that instead of earning miles based on distance flown, passengers earn miles based on cost of the ticket. (singleflyer.com)
In case you miss the flight or train, it will help in recovering the actual cost of the tickets of the flight or train. (policybazaar.com)
Since flying business class is much more comfortable, I would add $ 500 of extra value to the comparable cash cost of my ticket for a total of $ 1,700. (rewardexpert.com)