What are points and miles worth?

There is no single set value for most points and miles programs. The valuation is entirely subjective and depends on what points are worth to you and how you plan to redeem them.

Why do Upgraded Points valuations change month to month?

Loyalty programs and the points or miles associated with them are constantly changing. Programs gain or lose transfer partners, change the miles required for a given route, or sometimes ditch their award charts altogether. When these things happen, certain programs’ miles or points can increase or decrease in usefulness.

Are points and miles the same thing?

The terms points and miles are used interchangeably, and it just depends on which term a given program calls its loyalty currency. Some loyalty programs refer to their currency as miles and others as points, but they have the same function.

How many points do you need for a free flight?

That depends entirely on the type of points you have and where you’re hoping to fly. Each airline loyalty program has its method for pricing redemptions. Some use an award chart where the number of miles needed for a certain flight route is predetermined. Others use revenue-based redemptions where the number of points needed for a free flight depends on how expensive the cash price of the ticket is.

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Travel Points and Miles Valuations: How Much Are They Actually Worth? [June 2026]

Updated: June 2, 2026, 11:53am CDT

Edited by:

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Table of Contents

Key Takeaways
Upgraded Points’ June 2026 Points and Miles Valuations
Upgraded Points’ Highest-Valued Points
New Opportunities To Purchase Points
New Loyalty Program Transfer Bonuses
Final Thoughts

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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’ June 2026 Points and Miles Valuations

Flexible Points Programs

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Flexible Point Program	June 2026 Value (cents/point)	Value of 50K Points	Value of 100K Points
American Express Membership Rewards points	2.2	$1,100	$2,200
BofA Rewards points	1.0	$500	$1,000
Barclaycard Arrival miles	1.0	$500	$1,000
Bilt Rewards Points	2.0	$1,000	$2,000
Brex Rewards points	1.0	$500	$1,000
Capital One miles	1.8	$900	$1,800
Chase Ultimate Rewards points	2.0	$1,000	$2,000
Citi ThankYou Rewards Points	1.6	$800	$1,600
Diners Club Rewards points	2.0	$1,000	$2,000
Rove miles	1.5	$750	$1,500
Wells Fargo Rewards points	1.5	$750	$1,500

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

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Airline Loyalty Program	June 2026 Value (cents/point)	Value of 50K Points	Value of 100K Points
Aer Lingus AerClub Avios	1.25	$625	$1,250
Air Canada Aeroplan points	1.5	$750	$1,500
Air France-KLM Flying Blue miles	1.3	$650	$1,300
Alaska Airlines Atmos Rewards points	1.6	$800	$1,600
American Airlines AAdvantage miles	1.4	$700	$1,400
All Nippon Airways (ANA) Mileage Club miles	1.4	$700	$1,400
Asiana Airlines Asiana Club miles	1.6	$800	$1,600
Avianca Airlines Lifemiles	1.4	$700	$1,400
Breeze Airways Breezy Rewards	1.0	$500	$1,000
British Airways Club Avios	1.25	$625	$1,250
Cathay Pacific Cathay Asia miles	1.3	$650	$1,300
Delta Air Lines SkyMiles	1.2	$600	$1,200
Emirates Skywards miles	1.1	$550	$1,100
Etihad Airways Etihad Guest miles	1.4	$700	$1,400
Frontier Airlines FRONTIER miles	1.1	$550	$1,100
Iberia Club Avios	1.25	$625	$1,250
JetBlue TrueBlue points	1.3	$650	$1,300
Korean Air SKYPASS miles	1.6	$800	$1,600
Lufthansa Miles & More miles	1.3	$650	$1,300
Qatar Airways Privilege Club Avios	1.25	$625	$1,250
Singapore Airlines KrisFlyer miles	1.35	$675	$1,350
Southwest Airlines Rapid Rewards points	1.3	$650	$1,300
Turkish Airlines Miles&Smiles miles	1.3	$650	$1,300
United Airlines MileagePlus miles	1.2	$600	$1,200
Virgin Atlantic Flying Club Virgin Points	1.4	$700	$1,400

Hotel Loyalty Programs

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Hotel Loyalty Program	June 2026 Value (cents/point)	Value of 50K Points	Value of 100K Points
ALL – Accor Live Limitless Reward points	2.2	$1,100	$2,200
Best Western Rewards points	0.6	$300	$600
Choice Privileges points	0.6	$300	$600
Hilton Honors points	0.5	$250	$500
IHG One Rewards points	0.5	$250	$500
Leading Hotels of the World points	8.0	$4,000	$8,000
Marriott Bonvoy points	0.7	$350	$700
Preferred Hotels & Resorts I Prefer points	0.5	$250	$500
Radisson Rewards points	0.25	$125	$250
World of Hyatt points	1.4	$700	$1,400
Wyndham Rewards points	0.9	$450	$900

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. The program offers straightforward pricing across its 8 award categories, and this allows you to explore fantastic Hyatt redemption opportunities, ensuring maximum value.

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.