Average valuations per currency are what your miles and points are worth.
It can be hard to know what your points are worth. We will break down each major program for you, because there are many factors that go into the valuation of award program currencies. You can know what your points are worth by looking at it. How we determined the values is the first thing we will look at. We will move through hotel programs, airline programs, and transferrable currencies. We will look at the range of values and average to understand what a typical value for those points would be. It is possible to understand what your points and miles should be worth in this way.
How did we arrive at the numbers?
The real-life redemption opportunities should be used to determine what miles and points are worth. 5 standard bookings were compared to the points required at the properties. This included low season and high season bookings. We started with dummy bookings for economy, premium economy and business class for each airline program. We got a range of points valuations after comparing 5 of these to the points required for the booking.
We ended with the transferrable currencies. It was easy to know what value could be found in the programs we could use. The value range is based on the transfer partner values.
What is not included.
The valuation should include what isn't included. Less popular hotel chains and all cruise programs were not examined. When internal points programs are not transferrable, we didn't include them. If they can't be transferred to an airline, hotel, or other place, they retain a fixed value.
What are the hotel points worth?
To find the value range for what hotel points are worth, we looked at the cost of a standard room against the points required for booking that same room. A range of hotels were considered. The range and average of what these points are worth will be given to you. Excellent if your redemption is more than this. If it is much lower than the average, you should save your points and pay cash.
The hotel program.
The average value.
The best Western.
0.790 cents
Privileges of choice.
0.6 cents.
It was named after the hotelier, Hilton.
The price is 0.25 cents.
The world of Hyatt.
1.7 cents.
IHG rewards.
0.50 cents.
Marriott Bonvoy.
0.67 cents
Radisson rewards.
0.24 cents
There is a rewards program for the company, called the Wyndham rewards.
The price is 0.8 cents.
The best Western.
The Best Western rewards program can hold value, especially with the easy points and status provided by their credit cards. The Best Western points are worth an average of 0.785 cents per point.
The point value range is 0.45 to 1.6 cents per point.
The average point value is 0.785 cents per point.
There is a choice.
Quality Inn and Comfort Inn are obvious hotels that are included in the Choice Privileges program. It also covers partnerships and bookings. The Choice Privileges Credit Card had an increased offer recently. You can transfer points from American Express Membership rewards to Choice Privileges, but this will probably devalue the points. You can transfer points from both Capital One and Citi. Choice Privileges points are worth about 0.6 cents per point.
The point value range is 0.26-1.06 cents per point.
The average point value is 0.6 cents per point.
The person is named Hilton.
The number of personal and business credit cards offered by American Express makes it easy to accumulate points with the Hilton Honors program. It is possible to earn elite status via status match offers or simply by holding a credit card. You can transfer your American Express Membership rewards points to the new hotel chain, and create a pool of your points for your family. The points are worth about half a cents per point.
The point value range is 0.4-0.65 cents per point.
The average point value is just under half a cents per point.
The world of Hyatt.
The perks offered via the World of Hyatt Credit Card from Chase make the program popular. The review of the card can be found here. You can transfer points from Chase Ultimate rewards to World of Hyatt. The World of Hyatt points are worth 1.7 cents per point.
The point value range is between 0.96-2.27 cents per point.
The average point value is 1.7 cents per point.
I am happy.
The InterContinental Hotels Group runs a rewards club. They offer a pair of credit cards from Chase, including the IHG® rewards club premier credit card, which had a best-ever welcome offer recently. You can transfer points from Chase Ultimate rewards to Bilt rewards, but this is likely a devaluation of your points. The average value of IHG points is.58 cents per point.
The point value range is between 0.46 and 0.75 cents per point.
The average point value is 0.58 cents per point.
The Marriott.
The Marriott Bonvoy program boasts an impressive footprint around the world but also numerous changes that have created whiplash between good and bad in their program. The Marriott Bonvoy Business American Express Card and the Chase Marriott Bonvoy Boundless are personal cards. You can transfer points from American Express and Chase, but these tend to be less valuable. The Marriott Bonvoy points are worth an average of 0.67 cents per point.
The point value range is 0.35 to 97 cents per point.
The average point value is 0.67 cents per point.
The Radisson.
The Club Carlson program was taken over by the Radisson rewards program. They still offer 2 credit cards via US Bank, but they no longer offer a business credit card. The best-ever welcome offer was offered earlier this year. Radisson rewards points are worth 0.24 cents per point.
The point value range is 0.2 to 28 cents per point.
The average point value is 0.24 cents per point.
It's the Wyndham.
The program covers a wide range of hotel brands. There are three credit cards that can be used to earn Wyndham rewards. Capital One miles and Citi ThankYou Points are both part of the Wyndham rewards program.
The point value range is between 0.41-1.2 cents per point.
The average point value is 0.8 cents per point.
Summary of hotel points valuation.
The highest rating for hotel points is given to Hyatt. Best Western and Radisson are the lowest. Remember to think about how easy it is to accumulate points with these programs.
What airline miles are worth?
We started with dummy bookings to figure out what airline miles are worth. Most of the people in this hobby are based in the US, so our bookings were based on where they were. Premium cabin sweet spots were considered to understand the true range of what is really possible in terms of redemption value.
Economy and business class cabins were compared. A mix of dates, destinations, and times of year provided a range of point values, and then the average was taken from these. It is important to remember that not all flights are available on all dates, and what your points and miles are worth can be skewed by comparing them to an inflated price on a popular day vs a low price on unpopular dates.
Airline program.
The average economy value.
The average business value.
Aer Lingus.
3.4 cents.
The price was 4.3 cents.
AeroMexico.
The price is 0.8 cents.
The price is 0.8 cents.
Air Canada Aeroplan
1.6 cents.
4.1 cents.
Alaska Airlines
The price is 1.8 cents.
2.1 cents.
American Airlines.
2.1 cents.
2.2 cents.
Alitalia.
The price was 0.9 cents.
3 cents.
ANA.
The price is 1.1 cents.
It was 4.0 cents.
The lifemiles of Avianca.
The price is 1.8 cents.
3 cents.
British Airways.
2.1 cents.
7.7 cents.
Asia Miles.
The price was 1.2 cents.
3.1 cents.
Delta SkyMiles.
1.3 cents.
1.9 cents.
The Skywards of the United States.
1.0 cents.
2.6 cents.
The guest was from the airline.
The price was 1.2 cents.
1.7 cents.
Eva.
The price was 0.9 cents.
4.1 cents.
Finnair
The price was 0.9 cents.
3 cents.
Flying Blue.
1.9 cents.
3.1 cents.
There is a plane in Indonesia.
1.3 cents.
1.9 cents.
The airlines are from China.
1.3 cents.
1.9 cents.
The airlines are Hawaiian
The price was 0.9 cents.
The price is 1.8 cents.
Iberia
2.5 cents.
2.5 cents.
There is a airline called JetBlue.
The price is 1.1 cents.
1.0 cents.
Malaysia Airlines
0.6 cents.
2.1 cents.
Qantas.
The price is 1.1 cents.
2.3 cents.
The airline is called Qatar Airways.
The price is 1.1 cents.
5 cents.
Singapore Airlines
1.7 cents.
4.3 cents.
Southwest Airlines.
The price is 1.4 cents.
1.3 cents.
Thai Airways.
1.0 cents.
3.4 cents.
Turkish Airlines
2.0 cents.
5.7 cents.
The United Airlines.
1.9 cents.
It was 4.0 cents.
Virgin Atlantic.
1.7 cents.
It was 6.3 cents.
Aer Lingus.
The Aer Lingus program can be shared with other airlines. Aer Lingus is a member of oneworld and is a transfer partner of Chase Ultimate rewards and American Express membership rewards. The Aer Lingus Visa Signature Card is from Chase. Aer Lingus is worth 3.4 cents per mile on average.
The economy class point value range is between 2 and 4 cents per mile.
Economy class point value is 3.4 cents per mile.
The business class point value range is 2.2- 6.9 cents per mile.
The average of business class points is 4.2 cents per mile.
AeroMexico.
The AeroMexico Club premier program is a transfer partner of American Express Membership rewards. They are members of SkyTeam. AeroMexico miles are worth an average of 0.8 cents per mile.
The economy class point value range is between 0.1 and 1.1 cents per mile.
The economy class point value average is 0.8 cents per mile.
The business class point value range is between 0.4 and 1.2 cents per mile.
Business class points average is 0.8 cents per mile.
Air Canada Aeroplan
The Aeroplan program of Air Canada will be undergoing a major change next month. There is more information in this article. Aeroplan is a transfer partner of American Express Membership rewards, Bilt rewards, Capital One, Chase Ultimate rewards, and they are a Star Alliance member. Our calculations are based on the current bookings. Aeroplan miles are worth 1.6 cents for the economy and 4.1 cents for the business on average.
The economy class point value range is 0.7-2.4 cents per mile.
The economy class point value is 1.6 cents per mile.
The business class point value range is between 1.6 and 8.1 cents per mile.
Business class points average is 4.1 cents per mile.
Alaska Airlines
Bank of America issues personal and business credit cards for the award program from Alaska Airlines. Marriott has a 3:1 transfer ratio. Alaska miles are worth an average of 2.1 cents per mile.
The economy class point value range is 0.7-2.4 cents per mile.
The economy class point value average is 1.8 cents per mile.
The business class point value range is between 0.8 and NationMaster NationMaster.
Business class points average is 2.1 cents per mile.
American Airlines.
AAdvantage, the award program from American Airlines, has multiple co-branded credit cards. Oneworld has AA as a member. It is a transfer partner of Marriott and Bilt. The AAdvantage miles are worth 2.1 cents per mile on average.
The economy class point value range is between 1.2 and 3.0 cents per mile.
The economy class point value is 2.1 cents per mile.
The business class point value range is between 1.4 and 2.8 cents per mile.
Business class point value is 2.2 cents per mile.
Alitalia Millemiglia.
SkyTeam member Alitalia has an award program called Millemiglia. Remember that this airline has stopped operations, so be careful with this partner. It is a transfer partner of Marriott Bonvoy. Millemiglia miles are worth an average of 3.4 cents per mile.
The economy class point value range is between 0.8-1 cent per mile.
The economy class point value is about the same as the average.
The business class point value is between 2.4 and 4.5 cents per mile.
Business class points average is 3.2 cents per mile.
ANA is a Japanese airline.
It is important to know that the ANA Mileage Club requires round-trip booking for awards. They are a member of the Star Alliance. ANA miles are worth 1.1 cents per mile on average.
The economy class point value range is between 0.9 and 2.5 cents per mile.
The economy class point value average is 1.1 cents per mile.
The business class point value range is between 2.3 and 10.6 cents per mile.
Business class points average is 4 cents per mile.
The lifemiles of Avianca.
American Express Membership rewards, Brex, Citi ThankYou Points, Capital One and Marriott Bonvoy are transfer partners of the Avianca LifeMiles program. A member of the Star Alliance is Avianca. They have co- branded credit cards. The LifeMiles are worth about 2% of the economy and 3% of the business per mile.
The economy class point value range is between 0.6 and 3.3 cents per mile.
The economy class point value average is 1.8 cents per mile.
The business class point value range is between 1.3 and 6 cents per mile.
Business class points average is 3.2 cents per mile.
British Airways.
British Airways' Executive Club is a transfer partner. Marriott Bonvoy transfers can be done at 3:1. The British Airways Visa is offered by Chase. British Airways miles are worth 2.1 cents for the economy and 7.7 cents for the business on average.
The economy class point value range is between 0.6 and 4%.
The economy class point value is 2.1 cents per mile.
The business class point value range is between 1-23.7 cents per mile.
Business class points average is 7.7 cents per mile.
Asia Miles.
The award program from Cathay Pacific is called Asia Miles. It is a transfer partner of American Express Membership rewards. There are also transfers from Marriott Bonvoy. The average value of Asia Miles is 1.2 cents per mile.
The economy class point value range is between 0.2 and 1.6 cents per mile.
Economy class point value is 1.2 cents per mile.
The business class point value is between 1.7 and 4% per mile.
Business class points average is 3.1 cents per mile.
Delta SkyMiles.
The Delta Platinum Card is one of the credit cards from American Express. Delta is a transfer partner of American Express Membership Reward. There are 3:1 transfers from Marriott Bonvoy. Delta SkyMiles are worth 1.3 cents for the economy and 1.9 cents for the business on average.
The economy class point value range is between 1 and 1.7 cents per mile.
The economy class point value is 1.3 cents per mile.
The business class point value range is between 0.9 and 4%.
Business class point value is 1.9 cents per mile.
The Skywards of the United States.
The Skywards program is not a full member of any alliance. Skywards is a transfer partner of many credit card companies. You can leave Marriott Bonvoy at 3:1. Skywards miles are worth 1 cent for the economy and 2.6 cents for the business on average.
The economy class point value range is between 0.4 and 1.7 cents per mile.
The economy class point value is 1 cent per mile.
The business class point value range is between 1.2 and 4%.
Business class point value is 2.6 cents per mile.
The guest was from the airline.
There are various non-alliance partnerships with this program. Points valuations are very varied because of their partnerships. American Express Membership rewards is a transfer partner of the Etihad Guest. You can leave Marriott Bonvoy at 3:1. The miles are worth 1.2 cents for the economy and 1.7 cents for the business on average.
The economy class point value is between 0.7 and 1.8 cents per mile.
Economy class point value is 1.2 cents per mile.
The business class point value range is between 0.2 and 3.0 cents per mile.
Business class point value is 1.7 cents per mile.
The mileageLands of EVA is called the EVA Infinity MileageLands.
EVA Air is a member of the Star Alliance. Citi ThankYou Points and Capital One have a transfer partner. The average cost of a mile for a business is 4.1 cents.
The economy class point value range is 0.7-1.2 cents per mile.
The economy class point value is about the same as the average.
The business class point value range is 1.1-8 cents per mile.
Business class points average is 4.1 cents per mile.
Finnair
Oneworld is a member of the Finnair Plus program. Capital One has a transfer partner. Finnair Plus miles are worth about the same as the economy and business per mile.
The economy class point value range is 0.7-1 cent per mile.
The economy class point value is about the same as the average.
The business class point value range is between 1.2 and 7.1 cents per mile.
Business class points average is 3.2 cents per mile.
Air France and KLM are known as Flying Blue.
Air France and KLM are SkyTeam members and operate the Flying Blue program. It is a transfer partner of many transfer partners. Flying Blue miles are worth 1.9 cents per mile on average.
The economy class point value range is between 0.4 and 4.3 cents per mile.
The economy class point value is 1.9 cents per mile.
The business class point value range is between 0.8 and 6 cents per mile.
Business class points average is 3.1 cents per mile.
There is a plane in Indonesia.
The SkyTeam member has an award program. It is a transfer partner of Citi ThankYou Points. The economy and business are worth 1.9 cents and 1.3 cents per mile, respectively.
The economy class point value range is between 0.4 and 2.6 cents per mile.
The economy class point value is 1.3 cents per mile.
The business class point value range is between 0.6 and 3.1 cents per mile.
Business class point value is 1.9 cents per mile.
The airlines are from China.
China's Hainan Airlines is not a member of an alliance. The Fortune Wings program allows for redemptions on many different partners, which creates a wide range in points and miles values. Marriott Bonvoy has a transfer partner called Fortune Wings. The economy and business are worth 1.9 cents and 1.3 cents per mile, respectively.
The economy class point value range is between 0.4 and 2.6 cents per mile.
The economy class point value is 1.3 cents per mile.
The business class point value range is between 0.6 and 3.1 cents per mile.
Business class point value is 1.9 cents per mile.
The airlines are Hawaiian
Hawaiian Airlines, which is not an alliance member, offers inter-island flights, flights from Hawaii to other destinations, and flights on a handful of partners. Hawaiian Miles is a transfer partner of American Express Membership rewards. The Hawaiian Airlines World Elite Mastercard is offered by the bank. The average value of Hawaiian Miles is 0.9 cents per mile.
The economy class point value range is between 0.4 and 1.3 cents per mile.
The economy class point value is about the same as the average.
The business class point value range is between 0.8 and 2 cents per mile.
The average of business class points is 1.8 cents per mile.
Iberia
Spain's Iberia is a member of oneworld and is a transfer partner of Chase Ultimate rewards and American Express membership rewards. There is also a Chase Visa Signature Card. The average is 2.5 cents per mile.
The economy class point value range is between 1.1 and 4.2 cents per mile.
The economy class point value is 2.5 cents per mile.
The business class point value range is between 0.8 and 2 cents per mile.
Business class point value is 2.5 cents per mile.
There is a airline called JetBlue.
TrueBlue is a member of oneworld and has airline partners. At 6:1 they have transfers from Marriott Bonvoy. Both personal and business credit cards are offered by Barclays. TrueBlue miles are worth 1.1 cents per mile on average. The average value of economy bookings is higher than the average for business class.
The economy class point value range is 1.1-1.4 cents per mile.
The economy class point value average is 1.1 cents per mile.
The business class point value range is between 1 and 1.1 cents per mile.
The average point value for business class is 1 cent per mile.
Malaysia Airlines
The Enrich Miles program is offered by Malaysia Airlines. It's a transfer partner of ThankYou Points. The Enrich Miles are worth an average of 2.1 cents per mile.
The economy class point value range is between 0.4-0.9 cents per mile.
The economy class point value average is 0.6 cents per mile.
The business class point value range is between 0.4 and 4.1 cents per mile.
Business class points average is 2.1 cents per mile.
Qantas.
Qantas is a member of oneworld. Qantas Frequent Flyer is a transfer partner of Marriott Bonvoy. Qantas miles are worth 1.1 cents for the economy and 2.3 cents for the business on average.
The economy class point value range is between 0.6-2 cents per mile.
The economy class point value average is 1.1 cents per mile.
The business class point value range is between 1 and 7 cents per mile.
Business class point value is 2.3 cents per mile.
The airline is called Qatar Airways.
The Privilege Club program is offered by Oneworld member Qatar Airways. It is a transfer partner of Marriott Bonvoy. Privilege Club miles are worth 1.1 cents per mile on average.
The economy class point value range is between 0.8 and 1.5 cents per mile.
The economy class point value average is 1.1 cents per mile.
The business class point value range is between 4 and 5 cents per mile.
Business class points average is 5 cents per mile.
Singapore Airlines
The KrisFlyer program is operated by Singapore Airlines. It is a transfer partner of Brex, Chase Ultimate rewards, American Express Membership rewards, Citi ThankYou Points, and Capital One. KrisFlyer miles are worth 1.7 cents for the economy and 4.3 cents for the business on average.
The economy class point value range is 1 to 5.6 cents per mile.
Economy class point value is 1.7 cents per mile.
The business class point value range is between 1.6 and 13 cents per mile.
Business class points average is 4.3 cents per mile.
Southwest Airlines.
Southwest Airlines is not a member of any alliances. It is famous for its Companion Pass, which can be earned from signing up for a business SW card or a personal card. It is a transfer partner of Marriott Bonvoy. Rapid rewards miles are worth about 1.3 cents per mile on average. Economy points values were higher than business class values.
The economy class point value is between 1.3 and 1.4 cents per mile.
The economy class point value average is about 1.5 cents per mile.
The business class point value range is 1.3-1.4 cents per mile.
Business class point value is 1.3 cents per mile.
Thai Airways.
The Royal Orchid Plus program is offered by Thai Airways. It is a transfer partner of Marriott Bonvoy. The Thai Airways miles are worth 1 cent per mile on average. Economy points values were higher than business class values.
The economy class point value range is between 0.6 and 1.5 cents per mile.
The economy class point value is 1 cent per mile.
The business class point value range is between 2.5 and 4.3 cents per mile.
Business class points average is 3.4 cents per mile.
Turkish Airlines
Turkish Airlines has a rewards program. It is a 3:1 transfer partner of Marriott Bonvoy. Turkish Airlines miles are worth 2 cents for the economy and 5.7 cents for the business on average. Economy points values were higher than business class values.
The economy class point value is between 0.7 and 3.4 cents per mile.
The economy class point value is 2 cents per mile.
The business class point value range is between 8 and 10 cents per mile.
The average of business class points is 5.7 cents per mile.
The United Airlines.
United Airlines has a MileagePlus member. It is a transfer partner of Chase. The new United Gateway Card is a personal and business credit card. The United Airlines miles are worth 1.9 cents per mile on average. Economy points values were higher than business class values.
The economy class point value range is between 1.2 and 3.3 cents per mile.
The economy class point value is 1.9 cents per mile.
The business class point value is between 1.7 and 5 cents per mile.
Business class points average is 4 cents per mile.
Virgin Atlantic.
The Flying Club is not a member of an alliance. It is a transfer partner of Chase Ultimate rewards, Bilt rewards, and Citi ThankYou points. Virgin Atlantic miles are worth 1.7 cents per mile on average. Economy points values were higher than business class values.
The economy class point value range is between 1.1 and 8.8 cents per mile.
Economy class point value is 1.7 cents per mile.
The business class point value range is between 1.6 and 10.9 cents per mile.
Business class points average is 6.3 cents per mile.
Summary of what airline miles are worth.
Some of these numbers can look great, but there are 2 things to keep in mind. These are averages from a range of test bookings. Values can change as travel plans are changed. On the other hand, if you exceed them on your next booking, you may not achieve these values. Airlines over-price their flights and values are inflated. The Virgin Atlantic miles value is a perfect example. The flight costs more than other competitors on the same day. Is my miles more valuable because they over-estimate/over-charge on the flight? When it is time to actually use your miles and points, there are things to keep in mind.
What Transferrable Currencies are worth?
Once we know what points and miles are worth in the individual programs, this is the basis for transferrable currency values. Transferrable currencies are points programs in which you can transfer them to other programs. You can find the master list of all transferrable programs here. The range and average value of the programs that can be transferred to for redemptions of hotels or flights are what determines the value of each program.
Program points.
The average value.
Membership rewards from American Express.
A point is worth 0.7-8.0 cents.
Capital One.
The point was 0.8-5 cents per point.
Chase Ultimate rewards.
The point was worth 0.78 cents per point.
Thank you points from Citi.
A point is worth 0.6-6.3 cents.
Membership rewards from American Express.
Membership rewards can be used for many airline and hotel programs. Transfer bonuses add extra value.
The point value range is between 0.7 and 7.7 cents per point.
The average point value is 2.4 cents per point.
Capital One.
The redemption value of the miles and points programs they can be transferred to for use is what determines what Capital One points are worth. The range and average value of Capital One points are determined by the full list of transfer partners. Capital One points can be earned from their credit cards.
The point value range is between 0.4-5 cents per point.
The average point value is 2.2 cents per point.
Chase Ultimate rewards.
Chase Ultimate rewards can be used for many airline and hotel programs, as well as things like "Pay Yourself Back", when you start with the currency. The miles and points redemptions available tell us what the points are worth.
The point value range is between 0.78 and 7.7 cents per point.
The average point value is 2.9 cents per point.
Thank you points from Citi.
You can earn ThankYou Points with a variety of Citi credit cards. You can learn about changing personal credit cards from Citi to a different card here. The redemption values for ThankYou Points are from the various transfer partner options.
The point value range is between 0.6 and 6.3 cents per point.
The average point value is 2.6 cents per point.
What are the points worth? Final thoughts.
We hope the breakdown is useful. We learned a lot. First, we looked at the various programs you can transfer your points and miles to, and then we looked at a range and average of redemption values in these programs. We know what we can use the points programs for, so we decided the range and average value for them.
Your experiences can change. If you redeem for a flight that is really expensive, your points and miles will be worth more. The redemption value is deflated if the flight goes on sale. When you should and shouldn't use your points and miles is a personal decision, not only based on what they're worth and the redemption value, but also what you are and aren't willing to pay for in cash. We hope this can be a guide to what points and miles are worth, so you can get a base value for what to expect in your redemptions.
Disclosure: CardRatings is a partner of Miles to Memories. Card issuers may give a commission to Miles to Memories and Card Ratings.
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10X on hotels and rental cars and 5X on flights booked through Capital One Travel.
This card has features that you can learn more about.
The opinions, reviews, analyses, and recommendations are the author's alone and have not been reviewed, endorsed or approved by any of these entities.
