TPG releases brand-new points calculator to make award bookings easier
TPG's goal is to make travel as easy and accessible as possible, allowing you to leverage your points and miles to open the doors to your dream travel experiences. And we want that process to be as simple as possible, so we're doubling down on creating tools and resources to supplement our guides and articles.
Today we're bringing another new tool to help you travel more while spending less: the TPG points calculator.
If you've been reading TPG for a while, you may already know that we release an updated list of our valuations for the most popular travel loyalty program points and miles every single month. The value of a point or mile from different programs varies dramatically, so unless you are pretty familiar with a given program, it can be hard to know the value of its reward currency.
We put a big emphasis on keeping our points and valuations current for a few reasons, but mainly it's to help you -- our readers -- get a sense of how much value they should be getting when they redeem their hard-earned awards.
Even if you don't value your rewards exactly as TPG does, having some valuation range in mind can help you make better decisions about whether it's a good idea to redeem your rewards for a trip, or save them for the next time around and pay cash.
Using those valuations, the new TPG points calculator will streamline the process of helping you decide whether to spend cash or points on a booking with a few clicks of the mouse. Here's how it works.
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You'll be able to book awards like a pro
If the airline ticket you want costs either $300 or 25,000 miles, should you pay the cash or burn some miles?
Only you can decide what's right for your exact situation, but our calculator can help with the math side of the equation.
Should you spend some hotel points for the $150 overnight at the airport hotel or keep saving them for that overwater villa you've been dreaming about? Again, only you know for sure, but our new tool can quickly calculate the value you'd be getting for your points so you can easily compare that to the cash price.
The TPG points calculator will help you suss out those scenarios and more, with information based on your specific points picture and the exact rewards you're hoping to book compared to the going cash rate.
Basically, we do the legwork for you so you can redeem your rewards more confidently.
Awards vs. cash calculator
We're excited to share that the TPG points calculator is now live on the TPG homepage.
Unlike the TPG app, which shows you your overall “points net worth,” the TPG points calculator allows you to quickly check how much a specific award is worth and whether you should pay with cash or points based on TPG's points valuations, which are updated monthly.
Of course, this is just a math-based recommendation and you'll still have to decide what's best for your own broader situation. The tool is free and you don't need an account to use it.
When you pull up the calculator, you'll be asked for the type of points you are looking to redeem and the cost in points or miles for an award, plus any taxes and fees. You can also provide the cash cost of the flight or hotel stay to compare the two, but this is an optional step. The calculator supports any airline or hotel program we have a valuation for on the site.
Just make sure you select the correct loyalty program as the value of points and miles can vary greatly from program to program. Equally important is that you enter any fees associated with the award. After all, if an airline tacks on hundreds of dollars in fuel surcharges to an award, the value proposition will be totally different than if there is just $5.60 in taxes.
The same goes for hotels that don't waive resort fees on award stays as that can add $50 or more to the nightly cost in some cases. The whole fun of the points and miles game is to not pay more for an award in points than you would if you paid with cash.
The calculator will help you answer questions such as whether it's better to book Virgin Atlantic Upper Class to the U.K. for 47,500 Virgin Atlantic Flying Club points plus about $700 in surcharges, or 120,000 Delta SkyMiles plus $6 in taxes. It will also tell you what the cash equivalent of your miles would be so that you can decide whether you want to just book a lower airfare with cash instead.
Here's a peek at a sample award from this scenario.
The only thing that's not factored into the formula is the opportunity cost of unearned rewards as that varies a bit from person to person based on how you'd book, your status levels, etc.
Specifically, in most cases, when booking an award flight, you won't be eligible to earn award miles or elite credits (though you'll usually earn elite night credits for hotel awards). If you want to, you can add the value of any unearned rewards in the "fees" section. Also, if you have any rewards expiring soon, it may make sense to redeem them even if you won't get the best value from them as some value is better than no value.
Bottom line
We hope that our readers will get a lot of use out of the tool as they plot out their travel strategy in the coming months and years. Plugging in the number of points required and seeing how much value you should be getting out of them can help you determine everything from whether a credit card sign-up bonus is worth applying for to whether now is the time to burn through a hoard of hotel points for a specific redemption before a program makes major changes.
As TPG continues rolling out data-backed valuations for various rewards currencies in the coming months, the TPG points calculator is only going to become more accurate and useful. For now, you'll see us plug it into various articles as we walk through the do's and don'ts of rewards and help readers put together the best points strategies for their needs.
You can bookmark the new calculator right here so it's available to help whenever you need it.
We want to continue improving our tools and offerings over time, so we'd what you think of the new tool and what you'd like to see next. Be sure to let us know on Facebook or Twitter or via email.
All screenshots by The Points Guy
TPG featured card
Rewards
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
Rewards Rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro Offer
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.Excellent to Good
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.