and the flip sides of points is really you need to know how to use them effectively
Etihad normally charges $12,000 one-way for a First class ticket from Sydney or Melbourne to Abu Dhabi. But it’s possible to secure a seat for less than a quarter of the retail price!
As Etihad is (somewhat ironically) a partner of American Airlines, our member was able to redeem their American Airlines AAdvantage miles for this flight. For each passenger they paid 100,000 AAdvantage miles and just $87 in taxes.
A particularly useful feature of Etihad’s partnership with American Airlines is that American sells its AAdvantage miles – often at a generous discount. American Airlines currently has a promotion on mile purchases which runs until the end of May. If you were to buy 100,000 miles during American’s current promotion, you’d pay only USD2,065 (AU$2,784).
http://www.australianfrequentflyer.com.au/first-class-for-a-fraction-of-the-price/
For me I can get a cut Business flights on points from my local airport and 50% on top of the Economy price, the $ figure is normally 5-6x the price so I do that to take the sting out of the first and last leg of the flight some times, also the upgrade points are a much better way to spend them.