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Miles and Points Valuations

Miles and Points Valuations

The valuations provided below are what we use to determine the value of a new card bonus or your total earned rewards value when you use the YourBestCreditCards.com tool.

These values are subjective, meaning that they approximate, based on a large variety of datapoints, the minimum value that you should be able to get from those points once you learn the best ways to spend them. If you need help figuring out the best ways to spend your points, head over to MilesTalk.com or the MilesTalk Facebook group. This table should also make it clear that the value of one point can be very different from the value of another point.

 

Miles and Points Valuations

Currency Name Value Notes
Currency Name Alaska Airlines Value $0.018 Notes

Alaska miles have a few things going for them that make them worth more than the average mile. You can book US-Asia in First Class on Cathay Pacific or JAL for 70k and get a free stopover. You can also book Emirates in Business (105k one way) or First (180k one way) to the Middle East and beyond with a stopover and no fuel surcharges (which can be around $1,000 via Emirates direct). Additionally, only Marriott points transfer to Alaska making them harder to acquire than most.
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Currency Name American Airlines Value $0.015 Notes

I value these a bit better than the other two US legacy carriers because of their partner redemptions. Learn about the best options here.
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Currency Name American Express Membership Rewards Value $0.0175 Notes

Instant Transfers as well as solid transfer partners. The value would go up if they had any hotel partners with a fair exchange rate. ANA and Avianca are top airline partners for maximizing your points. The stated value also assumes you will take advantage of transfer partners rather than book via the portal, where they are only worth between 1 and 1.5 cents.
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Currency Name Avianca Value $0.012 Notes

You can frequently buy direct from Avianca for even a drop under this valuation and there are frequent transfer bonuses as well. Best used for Star Alliance awards with high fuel surcharges as they won't pass them along, saving you a ton. They lose a bit of value for extremely poor phone support and no other way to change/cancel flights. As well, availability is often less than via other Star Alliance members for no apparent reason. They are a transfer partner from both American Express and Citi. More info on using Avianca miles.
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Currency Name Bank of America Premium Rewards Value $0.01 Notes

Worth a penny each
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Currency Name Bank of America Travel Rewards Value $0.01 Notes

Worth a penny each
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Currency Name Barclay Arrival Plus Value $0.0105 Notes

These are worth a penny each plus you get a 5% rebate on all redemptions.
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Currency Name British Airways Avios Value $0.0125 Notes

British Airways points are best used for short haul flights on Oneworld partners. What keeps these from being worth more are the high redemption costs and surcharges for long haul flights in premium cabins. When you book a US domestic award on AA metal with Avios, you can also cancel and lose only the $5.60 per segment in taxes as the penalty.
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Currency Name Capital One Value $0.012 Notes

Previously worth just a penny a point, they recently announced new transfer partners. The transfer rate is 0.75 miles per Capital One mile. I'm initially calling the value at 1.2 cents. This reflects getting 3/4 the number of miles per point transferred as compared to Citi. I may adjust up or down once we know how fast the transfer times are to airlines. The minimum value is 1 cent when used as a Purchase Eraser. It's worth noting that some Capital One cards earn 2 miles per dollar on everything, making the 1.2 cent per mile value an understatement as you'd be earning a 2.4% yield on every day spend.
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Currency Name Chase Ultimate Rewards Value $0.018 Notes

After a recent loss of Korean SkyPass as a transfer partner, I decreased this value from 2.0 cents to 1.85 as this was a big loss on many levels. When United moved to dynamic awards, I lowered it again to 1.8. The instant transfers to most of its partners, especially Hyatt, keep the value this high as it's easy to exceed 2 cents per point on Hyatt award stays. NOTE: You can redeem for travel via the portal at the following rates: 1.5 cents per point with a Chase Sapphire Reserve; 1.25 cents per points with a Chase Sapphire Preferred or Chase Ink Preferred. You can also only transfer to airline/hotel partners if you have one of these cards. The value stated assumed you possess one of those three cards. If you do not, the value of an Ultimate Rewards point is just 1 cent. The value also assumes you will take advantage of transfer partners rather than book via the portal.
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Currency Name Citi ThankYou Value $0.016 Notes

ThankYou points are valued a bit lower than the others because they have no US transfer partners and, in most cases, take a long time to transfer. In addition, the most value you can get booking via their travel portal is 1.25 cents for Prestige/Premier card holders or 1 cent with other ThankYou cards. The value also assumes you will take advantage of transfer partners rather than book via the portal.
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Currency Name Delta Air Lines Value $0.012 Notes

Delta has become almost punitive about getting more than 1.5 cents per point in value and often tried to steer you to redemptions worth around a penny. I think it's safe to say you can get 1.3 cents a mile out of them, but more is increasingly difficult except with partners and during Flash Sales. Unfortunately, their partner network is relatively weak with Skyteam compared to the others. They are the only US airline whose miles cannot be used to book International First Class on a partner airline (except, rarely, on China Eastern). They also have a history of devaluing the program with no notice. At least the miles don't expire. The MilesTalk valuation was reduced in Dec 2018 to reflect the introduction of Basic Economy awards at the same price they used to charge for awards that included seat selection and carryon bags and upgrades, requiring more miles for a standard economy award.
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Currency Name Discover Value $0.01 Notes

Worth a penny each
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Currency Name Disney Dollars Value $0.01 Notes

Worth a penny each
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Currency Name Hilton Value $0.005 Notes

Since Hilton moved to a variable pricing model, on average you'll be offered roughly a 0.5 cent value per point. They've even recently offered redemption via Amazon at this half a cent rate. You can beat this redemption value easiest on the highest end properties like Conrad. I discuss how to get 1 cent or even 2 cents per point in value here.
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Currency Name Hyatt Value $0.016 Notes

Hyatt award rates range from 5,000 to 30,000 points per night. Almost without fail, during even remotely peak times, I can find roughly 2 cents per point in value. You can even book Suites for incrementally more points. I tend to find these are one of the best ways to spend Chase Ultimate Rewards points which transfer 1:1 if you don't have the Hyatt credit card.
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Currency Name IHG Value $0.005 Notes

IHG, home of hotel brands like Intercontinental and Holiday Inn, generally provide about half a cent in value. I'll redeem when I can get more than that. While you can trnsfer from Chase Ultimate Rewards to IHG, you really never should as you are cutting the value in half as they transfer 1:1.
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Currency Name JetBlue Value $0.015 Notes

JetBlue varies the exact rate of points needed based on the cost of the ticket, but beyond that it still fluctuates based on their proprietary formulas. 1.3-1.5 cents is standard and though that would normally have me peg it at 1.4 cents, I add 0.1 cents for the option to use jetBlue TrueBlue points to fly Hawaiian on a fixed award chart.
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Currency Name Marriott Value $0.007 Notes

Marriott points continue to have a ton of value since t he merger, though they have become much harder to earn. 60,000 Marriott points still, at a minimum, are worth 25,000 airline miles on almost any major airline. Still, you'd have to get a minimum of 1.68 cents value from that mile to break even if you, like me, value Marriott at 0.7 cents each. The real value is in redeeming at Marriott properties and in 5 night intervals, since Marriott gives you the 5th night free. Example: A hotel costs $225 per night or 35,000 points. 5 nights is then 140,000 points. $1,125 / 140,000 = 0.8 cents, slightly ahead of the MilesTalk value. When demand is higher, rates will be higher. That's when you redeem for outsized value and beat the 0.7 cent base level valuation. At the highest end, until March 2019, you can book the highest end Marriott hotels for 60,000 a night. With rates for these resorts often over $1,000 and the 5th night free, 240,000 points can be redeemed for 5 nights at values of over 2 cents per point.
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Currency Name Southwest Value $0.014 Notes

When used on Wanna Get Away fares, 1.3 cents is the approximate value you get. On certain international routes with high taxes, however, you may be able to yield close to 2 cents. Those are the exceptions to the rule, though, so I peg the value at 1.4 cents.
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Currency Name United Airlines Value $0.013 Notes

They have a similar network to AA in terms of reach via the Star Alliance, but they charge noticeably more for Partner Awards than AA. The value was decreased by 1/10 of a cent in April 2019 after moving to a dynamic award pricing system for United flights.
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Currency Name US Bank FlexPerks Value $0.015 Notes

Redeemable at 1.5 cents a point
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Currency Name Wells Fargo Value $0.01 Notes

Worth a penny each
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Currency Name Cash Value $0.01 Notes


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Honorable Mentions

The cards above offer the best value to you, but you should also consider these for their card benefits (based on what you told us is important to you).

Because you are loyal to American Airlines:

Citi Platinum AAdvantage card

Credit card

Year 1 Points Earned: <yr1 pts>
Year 1 Value: <$yr1>
Year 2 Points Earned: <yr2 pts>
Year 2 Value: <$yr2>


  • 60,000 bonus miles
  • Free checked bags
  • Priority Boarding
  • Annual Fee $95, waived first year

LEARN MORE >>

Citi Executive card

Credit card

Year 1 Points Earned: <yr1 pts>
Year 1 Value: <$yr1>
Year 2 Points Earned: <yr2 pts>
Year 2 Value: <$yr2>


  • 60,000 bonus miles
  • Free checked bags
  • Priority Boarding
  • Annual Fee $95, waived first year

LEARN MORE >>

Because you are loyal to Hilton:

Hilton Honors card

Credit card

Year 1 Points Earned: <yr1 pts>
Year 1 Value: <$yr1>
Year 2 Points Earned: <yr2 pts>
Year 2 Value: <$yr2>


  • 60,000 bonus miles
  • Free checked bags
  • Priority Boarding
  • Annual Fee $95, waived first year

LEARN MORE >>

Don’t Miss Out On Limited time Offers

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