Travel Points & Miles Valuations – How Much Are They Actually Worth? [October 2021]

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Credit cards, airlines, and hotels don’t give out their own point and mile valuations, so, unfortunately, there are no official answers on what points and miles are actually worth. Therefore, it’s up to you to make your own conclusions on that value. However, we’re here to help.

Many factors come into play when determining this metric. Below are questions you should ask yourself when evaluating the value of points and what we’ve taken 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’ October 2021 Points and Miles Valuations

Flexible Points Programs

Flexible Point ProgramSeptember 2021 Value (cents/point)October 2021 Value (cents/point)Value of 50,000 / 100,000 Points
Amex Membership Rewards Points2.22.2$1,100 / $2,200
Bank of America Preferred Rewards1.01.0$500 / $1,000
Barclaycard Arrival Miles1.01.0$500 / $1,000
Bilt Rewards1.51.5$750 / $1,500
Brex Rewards1.51.5$750 / $1,500
Capital One1.41.4$700 / $1,400
Chase Ultimate Rewards Points2.02.0$1,000 / $2,000
Citi ThankYou Rewards Points1.61.6$800 / $1,600
Diners Club Rewards Points2.02.0$1,000 / $2,000

Hot Tip: Use our dedicated transfer partner tool calculator to review transfer ratios, times, and bonuses for all major flexible point programs.

Airline Loyalty Programs

Airline Loyalty ProgramSeptember 2021 Value (cents/point)October 2021 Value (cents/point)Value of 50,000 / 100,000 Points
Air Canada Aeroplan Points1.51.5$750 / $1,500
Air France/KLM Flying Blue Miles1.41.4$700 / $1,400
Alaska Airlines Mileage Plan Miles1.81.8$900 / $1,800
American Airlines AAdvantage Miles1.51.5$750 / $1,500
All Nippon Airways (ANA) Mileage Club Miles1.41.4$700 / $1,400
Asiana Airlines Asiana Club Miles1.61.6$800 / $1,600
Avianca Airlines LifeMiles1.41.4$700 / $1,400
Breeze Airways BreezePoints1.01.0$500 / $1,000
British Airways Executive Club Avios1.251.25$650 / $1,300
Cathay Pacific Asia Miles1.31.3$650 / $1,300
Delta Air Lines SkyMiles1.01.0$500 / $1,000
Emirates Skywards Miles1.11.1$550 / $1,100
Etihad Airways Etihad Guest Miles1.41.4$700 / $1,400
Frontier Airlines FRONTIER Miles1.11.1$550 / $1,100
Hawaiian Airlines HawaiianMiles0.90.9$450 / $900
JetBlue TrueBlue Miles1.31.3$650 / $1,300
Korean Air SKYPASS Miles1.61.6$800 / $1,600
Lufthansa Miles & More Miles1.31.3$650 / $1,300
Singapore Airlines KrisFlyer Miles1.351.35$675 / $1,350
Southwest Airlines Rapid Rewards Points1.31.3$650 / $1,300
Spirit Airlines Free Spirit Points1.11.1$550 / $1,100
Turkish Airlines Miles&Smiles Miles1.31.3$650 / $1,300
United Airlines MileagePlus Miles1.61.6$800 / $1,600
Virgin Atlantic Flying Club Virgin Points1.41.4$700 / $1,400

Hotel Loyalty Programs

Hotel Loyalty ProgramSeptember 2021 Value (cents/point)October 2021 Value (cents/point)Value of 50,000 / 100,000 Points
ALL Accor Live Limitless Points2.32.3$1,150 / $2,300
Choice Hotels Choice Privileges Points0.60.6$300 / $600
Hilton Hotels Hilton Honors Points0.50.5$250 / $500
Hyatt Hotels World of Hyatt Points1.51.5$750 / $1,500
IHG Hotels & Resorts IHG Rewards Points0.50.5$250 / $500
Marriott Hotels Marriott Bonvoy Points0.70.7$350 / $700
Radisson Hotels Radisson Rewards Americas Points0.250.25$125 / $250
Wyndham Hotels & Resorts Wyndham Rewards Points0.90.9$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 highest valued points. Here’s why we ranked the highest valued points as such:

Transferable Points: American Express Membership Rewards Points

American Express Membership Rewards continues to be the king of transferable points. Amex partners with all alliances (SkyTeam, Star Alliance, and Oneworld), along with many non-alliance partners, so it’s easier to find award space compared to other transferable points. Some of Amex’s transfer partners include Qantas, Air Canada, and Emirates.

Airline Miles: Alaska Airlines Mileage Plan Miles

Alaska Airlines has the best of both worlds: a variety of partners and solid redemption rates. Some of Alaska’s Oneworld partners include American and Japan Airlines, and the airline’s non-alliance partners include Emirates, Korean Air, Singapore Airlines, and more. Redemption rates are lower than other partners across the board — for example, a one-way business class flight on Japan Airlines from the U.S. to Tokyo costs just 55,000 Mileage Plan miles.

Hotel Points: World of Hyatt Points

World of Hyatt has the most reasonable redemption rates of all the major hotel chains. Further, we’ve found that there are virtually no blackout dates and that all hotels are on a standard award chart, so you’ll 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

Alaska Launches MVP Gold 100K Status

Last month, Alaska finally released the details of its newest MVP Gold 100K status. Alaska’s new top-tier status offers a 150% mileage bonus, first and Premium Class upgrades on Alaska non-qualifying fares 120 hours out with the highest priority, 2 international upgrade certificates on American Airlines, and complimentary alcoholic beverages and a snack on flights. Alaska claims it plans to introduce more benefits for the MVP Gold 100K tier in 2022.

To qualify for the new status level you’ll need 100,000 qualifying miles flown, or 140 segments, with Alaska Airlines, Oneworld alliance, or any other Alaska global partners. Alaska also requires that qualification by either miles or segments must include a minimum of 24 flights marketed and operated by Alaska Airlines.

Highest Bonuses Yet for Marriott Bonvoy Cards

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Air Canada Status Match Opportunity

Air Canada Aeroplan recently introduced an incredible status match opportunity that you should definitely take advantage of if you can.

Better yet, matching your status to Aeroplan is quick and easy. Simply sign up for an Air Canada account, then apply for the status match.

You’ll then receive your Aeroplan status and benefits until December 31, 2021. To extend your status until December 31, 2022, all you have to do is take 1 paid round-trip flight with Air Canada by January 15, 2022.

Here is the level of elite status you will receive with Air Canada based on the elite status in your current program:

Air Canada Aeroplan EliteAmerican AAdvantageDelta SkyMilesAlaska Mileage PlanJetBlue TrueBlueSouthwest Rapid RewardsHawaiian HawaiianMiles 
25KGoldSilverMVPMosaicA-ListGold/Platinum
35KPlatinumGoldMVP GoldA-List Preferred
50KPlatinum ProPlatinumMVP Gold 75KCompanion Pass
75KExecutive PlatinumDiamond
Super EliteConciergeKey360°

As you can see, this is an exceptional opportunity for Southwest Companion Pass holders, as you can relatively easily attain this status through credit cards alone and then be matched to Air Canada Aeroplan 50K Elite that offers Star Alliance Gold status.

Final Thoughts

While the value of points and miles can vary, you want to ensure you’re getting a 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. Given the number of Amex airline and hotel partners, these points are extremely flexible. Membership Rewards also offers good transfer rates with a ton of redemption options, ensuring you can get the most out of your points.


Frequently asked questions

What are points and miles worth?

Unfortunately, there is no single set value for most points and miles programs. So the valuation is entirely subjective and depends on what the points are worth to you, and how you plan to redeem them.

Why do our valuations change month to month?

Loyalty programs, and the points or miles associated with them, are constantly changing. Programs often gain or lose transfer partners, change the number of miles required for a given route, or sometimes even ditch their award charts altogether.

When these things happen, certain programs’ miles or points can increase or decrease in usefulness based on the changes that were made.

Are points and miles the same thing?

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

How many points do you need for a free flight?

That will depend entirely on the type of points you have, and where you’re hoping to fly. Each airline loyalty program has its own 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 will depend on how expensive the cash price of the ticket is.

Jarrod West

About Jarrod West

Jarrod first became fascinated with the world of points and miles as the perfect way to visit dream destinations without breaking the bank. On his first major award trip, he spent 3 months traveling through Europe, financed nearly entirely with points; while flying in premium cabins and staying in 5-star hotels along the way. Now, he is on a mission to help others realize their travel goals and upgrade their travel experiences. Jarrod has been writing about credit cards and travel loyalty programs for 4 years, and his work has been featured by Travel and Leisure, Matador Network, Yahoo Finance, and U.S. News.

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