I Need Your Help With Next Month’s Points and Miles Valuations
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Update: Some offers mentioned below are no longer available. View the current offers here.
It’s hard to believe that it’s been nearly three years since we published our first monthly points and miles valuations. A lot has changed in that time, but while some programs have jumped up and others have moved down, the series has given us an opportunity to evaluate how much each of the various currencies are worth. We use them to figure out when to book an award flight or hotel stay, but these figures also make it easy to calculate the value of a credit card sign-up bonus — as you know, 50,000 points IHG points are worth substantially less than 50,000 Chase Ultimate Rewards points, so it’s important to always do the math here.
Take, for example, today’s elevated offer for The Platinum Card® from American Express, which got me thinking… how much value could I realistically get from that 60,000-point bonus? Based on this month’s valuations, I’d say $1,140 — but with the Business Platinum Card® from American Express, I’m always getting 2 cents in value when redeeming for paid flights, and as the most savvy hobbyists know, you can do much better than that by transferring to airline partners. So my current 1.9-cent valuation doesn’t make a whole lot of sense. It’s time to shake things up… but what should change, and by how much?
From a last-minute trip home in Lufthansa’s phenomenal first class, where I got 7 cents per point in value, to the ultimate in luxury onboard Singapore’s A380 Suites (9.7 cents in value), there’s no question that I’ve managed to make the most of my frequent flyer miles and transferrable credit card points. I’ve had so many outrageous redemptions in the past few months that it seems that I’ve been too conservative with some of my valuations — I’m strongly considering boosting some programs next month.
But before I pull the trigger on any changes, I wanted to check in with you — our readers. So, please chime in down below in the comments section by sharing some of your best redemptions, including the value you got per point. I know that might sound like a lot of work, but calculating your redemption value is actually quite simple.
Here’s a quick example using my Singapore Suites redemption from last year
(Cash price – taxes and fees) / number of points or miles redeemed
So, in the case of that Singapore flight, I redeemed 74,375 KrisFlyer miles and paid $23 in taxes for a ticket that would have cost $7,250. So my calculation is as follows:
($7,250 – $23) / 74,375 = $0.097
So, based on the simple formula above, I got 9.7 cents in value from this redemption. That’s fantastic!
These figures will never be perfect, because how much value you end up getting will depend on a million different factors. So, below are March’s valuations — let us know which you think should move up or down, and if there’s any programs you think we should add.
|Program||March 2021 (Cents)||February 2017 (Cents)||March 2017 (Cents)||Note|
|Accor Le Club||2.0||-||-|
|Aeromexico Club Premier||-||-||-|
|Aeroplan Loyalty Program||1.5||1.5||1.5||
Check out Air Canada's brand new livery.
|Alaska Mileage Plan||1.8||1.9||1.9||
Ship wine free from California to Seattle.
|American Express Membership Rewards||2.0||1.9||1.9|
|Amtrak Guest Rewards||2.5||2.5||2.5|
|ANA Mileage Club||1.4||1.6||1.6|
|Bank of America Premium Rewards||1.0||-||-|
|Barclaycard Arrival Miles||1.0||1.0||1.0|
|Best Western Rewards||0.6||-||-|
|Brex Exclusive Rewards||1.7||-||-|
|Capital One Rewards||1.4||1.0||1.0||
Venture Rewards card gets a makeover.
|Chase Ultimate Rewards||2.0||2.1||2.1|
|Citi ThankYou Points||1.7||1.6||1.6||
50% bonus for transfers to JetBlue.
|Diners Club Rewards||2.1||2.1||2.1|
Review of A330 First Class from New York to Honolulu.
|IHG Rewards Club||0.5||0.7||0.7||
Credit card breach confirmed at 12 properties.
|JetBlue TrueBlue Rewards Program||1.3||1.2||1.2|
|Korean Air SkyPass||1.7||1.7||1.7||
787-9 Dreamliner uses the same seats in First and Business.
|Miles & More||1.4||1.4||1.4|
|Qatar Airways Qmiles||0.8||-||-|
|Southwest Rapid Rewards||1.5||1.5||1.5|
|Spirit Airlines Free Spirit||1.1||-||-|
|Turkish Airlines Miles and Smiles||1.3||-||-|
|U.S. Bank FlexPerks||1.5||1.5||1.5|
|Virgin America Elevate||-||2.4||2.4|
|Virgin Atlantic Flying Club||1.5||1.3||1.3|
|Wells Fargo Go Far Rewards||1.5||-||-|
|World of Hyatt Loyalty Program||1.7||1.8||1.8|
Depending on how you’ve chosen to redeem your points and miles, there’s a very good chance that you’ve managed to squeeze out even more value than me. Keep in mind that my valuations represent the minimum value you should expect to get from each point or mile — some customers will redeem for much more, and others will burn their points for much less, but you’re generally getting a good deal when you redeem at or above the valuation.
In other words, just because I got 9.7 cents in value on that Singapore flight doesn’t mean I’m boosting KrisFlyer miles (which were recently devalued) and all the transferrable points to 9.7 cents — I’ll surely land on a much more reasonable figure, but please share your redemptions below, and I’ll consider your redemption when I work out the numbers for next month.
Welcome to The Points Guy!