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Travel Points & Miles Valuations – How Much Are They Actually Worth? [April 2024]

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Jarrod West
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Jarrod West

Senior Content Contributor

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Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
Edited by: Keri Stooksbury
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Keri Stooksbury

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With years of experience in corporate marketing and as the Executive Director of the American Chamber of Commerce in Qatar, Keri is now Editor-in-Chief at UP, overseeing daily content operations and r...
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Juan has extensive experience in writing and editing content related to credit cards, loyalty programs, and travel. He has been honing his expertise in this field for over a decade. His work has been ...

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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’ April 2024 Points and Miles Valuations

Flexible Points Programs

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Flexible Point ProgramMarch 2024 Value (cents/point)April 2024 Value (cents/point)Value of 50k or 100k Points
Amex Membership Rewards Points2.22.2$1,100 / $2,200
Bank of America Preferred Rewards1.01.0$500 or $1,000
Barclaycard Arrival Miles1.01.0$500 or $1,000
Bilt Rewards1.81.8$900 / $1,800
Brex Rewards1.51.0$500 or $1,000
Capital One Miles1.81.8$900 / $1,800
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

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Airline Loyalty ProgramMarch 2024 Value (cents/point)April 2024 Value (cents/point)Value of 50k or 100k Points
Aer Lingus AerClub Avios1.251.25$650 / $1,300
Air Canada Aeroplan Points1.51.5$750 / $1,500
Air France/KLM Flying Blue Miles1.31.3$650 / $1,300
Alaska Airlines Mileage Plan Miles1.81.6$800 / $1,600
American Airlines AAdvantage Miles1.41.4$700 / $1,400
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 SkyMiles1.21.2$600 / $1,200
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
Iberia Plus Avios1.251.25$650 / $1,300
JetBlue TrueBlue Points1.31.3$650 / $1,300
Korean Air SKYPASS Miles1.61.6$800 / $1,600
Lufthansa Miles & More Miles1.31.3$650 / $1,300
Qatar Airways Privilege Club Avios1.251.25$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 Miles1.21.2$600 / $1,200
Virgin Atlantic Flying Club Virgin Points1.41.4$700 / $1,400

Hotel Loyalty Programs

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Hotel Loyalty ProgramMarch 2024 Value (cents/point)April 2024 Value (cents/point)Value of 50k or 100k Points
ALL – Accor Live Limitless Rewards Points2.32.3$1,150 / $2,300
Best Western Rewards Points0.60.6$300 / $600
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 One Rewards Points0.50.5$250 / $500
Marriott Hotels Marriott Bonvoy Points0.70.7$350 / $700
Radisson Rewards 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 most 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 3 major 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 the Amex transfer partners include Qantas, Air Canada, and Emirates.

Hot Tip: It is no secret that transferable points are our favorite rewards to earn, thanks to their flexibility and the powerful redemptions they offer. If you’d like more information on the major transferable point currencies, we’ve put together complete guides on how we value Amex Membership Rewards points, Chase Ultimate Rewards points, Capital One miles, and Citi ThankYou Points.

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.

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

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

Amex Cardholders Can Now Use Point.Me To Find Award Flights Easily

Point.me, a popular award search website, and American Express have formed a new partnership that will make it easier for Amex cardholders to book award flights.

As of March 11, cardholders can search for award flights through Point.me’s platform for free, making flight searches and redemptions simpler to do.

Point.me typically charges $129 for an annual membership and provides access to award availability on over 100 airlines. With the launch of this new partnership, Amex cardholders can easily search for award seats using point.me at no cost and view award rates before transferring points to any of the Amex Membership Rewards airline transfer partners.

Bilt Rewards Becomes Alaska Airlines’ First-Ever Transfer Partner and Ends Partnership With American Airlines

Bilt Rewards is one of the best flexible point currencies out there — and the program continues to wow us with its fee-free rent payments, travel partner lineup, and unprecedented transfer bonuses.

Alaska Airlines has never partnered with a flexible point program before, which is why this news is so exciting. Historically, you either had to earn Alaska miles by flying, spending on credit cards, or buying miles when they were on sale.

Now, Bilt Rewards members will be able to transfer their points over to Alaska at a 1:1 ratio, which means 1 Bilt point becomes 1 Alaska mile.

On the other hand, starting in June, American Airlines is ending its partnership with Bilt Rewards, and members will no longer be able to transfer their Bilt points to the airline.

Select Chase Cardholders Losing Priority Pass Restaurants

Those who hold the Chase Sapphire Reserve® and The Ritz-Carlton™ Credit Card are losing one of the cards’ best benefits: access to Priority Pass restaurants.

According to Chase: “Beginning July 1, 2024, Chase Sapphire Reserve, J.P. Morgan Reserve and The Ritz-Carlton™ Credit Card cardmembers will no longer have access to restaurants, cafes and markets participating in Priority Pass Select. Access to Priority Pass Select’s network of lounges and other select airport experiences is not impacted by this update.”

If you’re one of the many who have enjoyed airport restaurant access via Priority Pass, there are still a couple of alternatives available. Each of these cards includes a Priority Pass Select membership with access to participating cafes, restaurants, and markets:

*(Information collected independently. Not reviewed by Capital One.)

Refresh of The Hilton Honors American Express Business Card [New Benefits and Welcome Offer]

American Express has made some significant changes to the Hilton Business Amex card, adding new ways to earn Hilton points, perks, and statement credits.

For starters, the Hilton Business Amex card is getting an increased welcome bonus

  • Limited Time Offer: Earn 175,000 points after spending $8,000 in purchases in the first 6 months.

You’ll also now earn 5x points on other purchases made using the card on the first $100,000 in purchases each calendar year and 3x points thereafter. Sadly, the previous 6x bonus categories have been removed.

Robinhood To Launch New 3% Cash-Back Credit Card — What To Know

The popular investment platform Robinhood is entering the world of credit card rewards in a big way — with an industry-leading cash-back credit card. While the card isn’t available for applications yet, it’s set to launch later this year

When it comes to cash-back on the Robinhood Gold Card, you’ll earn:

  • 5% cash-back on travel purchased through the Robinhood travel portal
  • 3% cash-back on all other purchases

While we don’t have any details yet on what the Robinhood travel portal will look like, earning an uncapped 3% cash-back on all purchases is outstanding. For comparison, most catch-all cash-back credit cards max out at 2% cash-back on all purchases.

The card is set to launch later this year, but those who think it might be a good fit for them can register their interest by joining the waitlist on Robinhood’s website.

New Wells Fargo Autograph Journey℠ Visa® Card and Points Transfer

San Francisco-based Wells Fargo has introduced a brand-new credit card offering.

According to the issuer, the Wells Fargo Autograph Journey card is designed for frequent travelers and complements Wells Fargo’s other consumer credit cards, offering customers real, transparent value no matter what they’re looking for in their card.

The Wells Fargo Autograph Journey card comes with a $95 annual fee and offers the following welcome offer:

  • Earn 60,000 bonus rewards points after spending $4,000 in the first 3 months.

The card earns points according to the following structure:

  • Unlimited 5x points on hotels
  • Unlimited 4x points on flights
  • Unlimited 3x points on other travel purchases and dining
  • 1x points on all other purchases

The card also features no foreign transaction fees, a $50 annual statement credit for airfare purchases, and a suite of travel protections, including trip cancellation insurance, which provides up to $15,000 for lodging, flights, and activities if a trip is canceled for a covered reason.

The introduction of the Wells Fargo Autograph Journey card also brings the introduction of an all-new feature for the Wells Fargo ecosystem. Called Points Transfer, it’s a platform that provides a range of redemption options for those who have cards that earn Wells Fargo Rewards points. Eligible cardholders will be able to transfer their rewards points to participating partners, which include Aer Lingus AerClub, Air France-KLM Flying Blue, Avianca Lifemiles, British Airways Executive Club, Choice Privileges, and Iberia Plus. All transfers will occur at a 1:1 ratio, with the exception of Choice Privileges, which will be a 1:2 ratio.

New Opportunities To Purchase Points

If you need to boost your mileage balances but aren’t in the market for a new credit card, here are the latest opportunities to purchase points with a bonus:

Hot Tip: Keep track of the latest point purchase promotions and discounts on our dedicated page, which we update each time a new promotion launches. 

New Airline Route Changes

Here are the airlines that announced last month that they were adding, removing, or relaunching routes:

U.S. Airlines

International Airlines

New Hotel Openings

Here are the latest hotel openings coming soon:

Hilton

Hyatt

IHG

Marriott

Boutique and Luxury Properties

  • Check in next month!

Final Thoughts

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

The information regarding the Capital One Venture X Business Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information for the Citi Prestige® Card has been collected independently by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding Wells Fargo Autograph Journey℠ Visa® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of The Hilton Honors American Express Business Card, click here.

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 Upgraded Points' 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's image

About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

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