Travel Points and Miles Valuations — How Much Are They Actually Worth? [November 2025]

Key Takeaways

• Points and miles valuations vary by program, with flexible points, such as Chase Ultimate Rewards and American Express Membership Rewards, often valued higher.
• Alaska Airlines Atmos Rewards offers great redemption rates and many transfer partners.
• World of Hyatt points offer reasonable redemption rates, with the majority of its hotels utilizing a standard award chart.

Credit cards, airlines, and hotels don’t publish points and miles valuations, so there are no official answers on what points and miles are worth. It’s up to you to draw your own conclusions about that value.

But we’re here to help.

Several factors contribute to determining this metric. Below are questions you should ask yourself when evaluating the value of points, and we’ve taken them all into account to create our point and mile valuations:

• How valuable are these points?
• How flexible are these points, and how many transfer partners are there?
• What are your redemption options?
• How much would you buy points and miles for?
• What’s the average redemption value from 3 different bookings?
• How abundant is award availability?

Upgraded Points’ November 2025 Points and Miles Valuations

Flexible Points Programs

Hot Tip:

Utilizing transfer partners is the most effective way to achieve the value shown above. Use our dedicated transfer partner tool calculator to review transfer ratios, times, and bonuses for all major flexible point programs.

Airline Loyalty Programs

Hotel Loyalty Programs

Upgraded Points’ Highest-Valued Points

Not all miles and points are created equal, so naturally, each category has its own winner with the most valued points. Here’s what we ranked as the highest-valued points and why:

Transferable Points: American Express Membership Rewards Points

American Express Membership Rewards remains the king of transferable points. Amex partners with all 3 major alliances (SkyTeam, Star Alliance, and Oneworld) and many nonalliance partners, so finding award space with them is easier than with other transferable points. Amex transfer partners include Qantas, Air Canada, and Emirates.

Hot Tip:

It is no secret that transferable points are our favorite rewards, thanks to their flexibility and the powerful redemptions they offer. If you’d like more information on the major transferable point currencies, we’ve compiled complete guides on how we value Amex Membership Rewards, Bilt Rewards, Chase Ultimate Rewards, Capital One Miles, Citi ThankYou Rewards, and Wells Fargo Rewards.

Airline Miles: Alaska Airlines Atmos Rewards Points

Alaska Airlines offers the best of both worlds: a diverse range of partners and competitive redemption rates. Some of Alaska’s Oneworld partners include American and Japan Airlines, and the airline’s non-alliance partners include Korean Air and Aer Lingus.

Hotel Points: World of Hyatt Points

World of Hyatt offers the most reasonable redemption rates among the major hotel chains. Further, we’ve found that there are virtually no blackout dates, and since Category 1 to 8 hotels are on a standard award chart, you always pay the same price for a room at any hotel. This allows you to explore fantastic Hyatt redemption opportunities, ensuring maximum value.

Movers and News

It was a busy month in the world of points and miles. Here is what made waves last month:

Citi and American Airlines Launch New Mid-Tier Credit Card: Meet the Citi^® / AAdvantage^® Globe™ Mastercard^®

Citi and American Airlines are filling the space between their premium co-branded credit card and introductory-level cards with the launch of the AAdvantage Globe card.

Citi’s new AAdvantage Globe card offers several interesting benefits, including general travel and benefits with American Airlines, and some of these are perks we’ve never seen before.

Cardholders can enjoy the following perks in exchange for a $350 annual fee:

• 4 Admirals Club Globe lounge passes annually
• American Airlines Annual Companion Certificate
• Up to $100 in American Airlines inflight purchase credits annually
• Complimentary first checked bag for you and up to 8 companions on your same itinerary
• Group 5 preferred boarding with American Airlines, applicable to the primary cardholder and up to 8 companions on the same reservation.
• Up to $120 Global Entry or TSA PreCheck statement credit after using your card to pay the application fee, available once every 4 years.
• Up to $240 in Turo credits annually
• Up to $100 Splurge Credit each year
• Flight Streak benefit for up to 15,000 bonus Loyalty Points each year

Cardholders will earn AAdvantage miles at the following rates:

• 6x miles on eligible AAdvantage Hotels bookings
• 3x miles on eligible American Airlines purchases
• 2x miles at restaurants, including takeout and delivery
• 2x miles on “Rides and Rails,” including taxis, ride shares, and public transit

First Look Inside Salt Lake City’s Brand-New Amex Centurion Lounge

Salt Lake City International Airport (SLC) finally has its first-ever American Express Centurion Lounge — and it’s a stunner. The brand-new lounge is near gate B31 in Concourse B. 

Spanning nearly 18,000 square feet, this new space can accommodate up to 342 travelers. The Amex Centurion Lounge at SLC will be open daily from 4:45 a.m. to 11:15 p.m. Mountain Time.

Expect amenities like premium dining and beverages, a cafe, a recovery room, a shower suite, an outdoor terrace, a fireplace, and comfortable seating throughout.

You can enter Centurion Lounges within 3 hours of a departing flight or between connecting flights. But which cards will give you the golden ticket to access lounges? These include:

• Platinum Card^® from American Express
• The Business Platinum Card^® from American Express
• Centurion^® Card from American Express*
• Delta SkyMiles^® Reserve American Express Card (when you book your same-day Delta flight with your Delta Reserve card)
• Delta SkyMiles^® Reserve Business American Express Card (when you book your same-day Delta flight with your Delta Reserve Business card)

Hilton Softens the Blow of Recent Devaluations at Some Properties

Last month, Hilton made another no-notice devaluation at some top properties, which saw award rates soar to a “base” rate of 250,000 points per night.

Now, some properties involved in the most recent devaluation or the one that happened back in May have seen their standard award night rates decrease, which is certainly welcome news for Hilton Honors members.

First, let’s look at some of the properties that have seen a decrease in their standard award pricing:

• Grand Wailea, a Waldorf Astoria Resort: Rates were recently raised to a standard level of 160,000 points per night, but are now down to 110,000 points per night — the price charged before the devaluation.
• Crockfords Las Vegas, LXR Hotels and Resorts: Award prices jumped up to a range of 90,000 to 110,000 points per night for a standard award night. While the top end of this standard range remains at 110,000, the point of entry has decreased to 80,000 points per night.
• Hotel del Coronado, Curio Collection by Hilton: Base rates for standard award nights recently increased to 110,000 points per night, but have now decreased to 100,000 per night.
• Conrad Orlando at Evermore: Base rates for standard award nights recently increased to 105,000 points per night, but have now dropped to 90,000 per night.

What happens from here is anyone’s guess. We hope that this marks the beginning of a trend that will see award prices return (slightly closer) to earth, although it’s hard to get too optimistic given Hilton’s recent track record of inflating award prices without notice.

JetBlue’s Domestic First Class Product Coming in 2026, First Lounge Still Opening This Year

Last month, JetBlue said that it would begin rolling out its domestic first class product in 2026. About a quarter of its non-Mint-equipped fleet will feature the new cabins next year, with the majority of the fleet expected to be completed by 2027.

Not to be confused with JetBlue’s premium lie-flat Mint product, the carrier’s forthcoming domestic first class will be reminiscent of a traditional U.S. first class product, with wider seats that feature more generous recline.

Additionally, JetBlue plans to introduce dedicated airport lounges. Initially, the plan was to introduce lounges at the airline’s hubs in Boston (BOS) and New York (JFK) this year. However, it now appears that the JFK space is still on track to open before the end of the year, while the Boston opening has been pushed back into next year.

Wells Fargo Expands Its Roster of Airline Transfer Partners With the Addition of JetBlue

JetBlue TrueBlue is now officially the seventh airline transfer partner in the Wells Fargo Rewards program, and it’s joining with a 1:1 transfer ratio.

Wells Fargo’s transfer ecosystem is still smaller than what you’ll find with issuers like American Express or Chase, but it is becoming more useful. It also currently offers 1 hotel transfer option, Choice Privileges, which converts at a 1:2 ratio, making it easy to accrue points quickly for hotel stays, especially in the U.S. and Europe.

New Opportunities To Purchase Points

If you need to boost your mileage balances but aren’t in the market for a new credit card, check out the latest point purchase promotions and discounts on our dedicated page, which we update regularly as new promotions launch. 

New Loyalty Program Transfer Bonuses

Help stretch your points and miles even further by taking advantage of limited-time transfer bonuses. You can stay up to date with all of the latest bonuses on our monthly credit card and loyalty program transfer bonuses guide.

Final Thoughts

The value of points and miles can vary, but you should always ensure you get great value when redeeming those hard-earned points.

When it comes to flexible points, Amex Membership Rewards points are valued the highest on a cent-per-point basis. With many Amex airline and hotel partners, these points are highly flexible. Membership Rewards also offers competitive transfer rates with numerous redemption options, helping you maximize the value of your points.