The miles and points 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 Card Explorer 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. They change slightly over time when programs change how you can redeem points.
You’ll also notice that some point value below have ranges. In all cases where a point has a range, it means that some cards in that ecosystem earn the minimum and can only be redeemed for cash back, but they increase in value when paired with cards that allow you to transfer points to their airline and hotel partners, because that is where the higher redemption value opportunities lie. That’s why you’ll see checkboxes in some places that ask if you have a certain card or cards. If you do, we’ll increase the value of your rewards from the cash value to the average redemption value that factors in the ability to transfer points (since the points are either automatically combined or can be manually combined, depending on the issuer).
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.
If you clicked the button under a “Cash” value of 0.01 to get here, well, cash is cash 😉
Miles and Points Valuations
| Currency name | Value | Which cards earn those points | Notes |
|---|---|---|---|
| Accor Live Limitless | $0.0225 |
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Accor Live Limitless points are worth 2 Euro cents (about 2.2 - 2.3 US cents) towards stays. Brands include the likes of Fairmont, Raffles, MGallery, and Sofitel – 52 brands in total. |
| Aer Lingus Avios | $0.012 | Similar to British Airways Avios though with a few sweetspots from the eastern half of the US to Ireland. You are able to freely transfer between British Airways Avios and Aer Lingus Avios. Qatar Airways and Iberia are also under the Avios ecosystem. | |
| Aeromexico Rewards | $0.009 |
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Aeromexico uses a range of redemption options including standard fixed awards and flexible awards – and you’ll see what’s available by searching and that does not require an account. You can search here (use Google Translate in your browser if available as it’s in Spanish) to check possible redemptions. Importantly, note the Aeromexico Rewards cancellation policy which is that, well, you can’t cancel it. You can change it, though. Award Ticket may not be cancelled or reimbursed. If the Member decides not to use the Award Ticket and does not have a flight date scheduled, their Award Ticket will be open for a future flight on the same route, season and cabin. The Award Ticket will be open for 1 (one) year after the original issuing date, so the trip must be completed within said validity period. Route or cabin changes are not applicable to new Award Tickets. However, there might be a tax and Premier Point difference between the original Award Ticket and the new one. Said difference must be covered when the new Award Ticket is issued. The issuing of the new Award Ticket is subject to seat availability on the desired flight. Luckily, Aeromexico miles don’t expire. |
| Air Canada Aeroplan | $0.014 | Aeroplan does not pass along any fuel surcharges, making this a great program for Star Alliance flights. Two huge additional benefits are a stopover on your trip for just 5,000 miles and a lap infant (under 2) is just $25 CAD. One small negative is that they do have fees for cancelling an award ticket. | |
| Air France/KLM Flying Blue | $0.013 |
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When availability is good, 60,000 point redemptions to Europe in Business Class are noteworthy, although the surcharges have been steadily rising. |
| Alaska Atmos Rewards | $0.014 | Alaska miles have a few things going for them that make them worth a bit more than the average mile, especially to Asia, Fiji, and the South Pacific where they still have separate charts with great rates on First and Business Class. However, since joining Oneworld, they are increasingly making awards more expensive as they integrate new programs. Generally, AA awards remain a bargain. They also partner with luxury Taiwan based Starlux and now own Hawaiian Airlines as well, which is now fully integrated into Atmos. | |
| American Airlines AAdvantage | $0.014 | Since AAdvantage moved to revenue based redemptions, they are a bit less valuable than they used to be. However, they can still book First and Business Class seats on oneworld partner airlines like Qatar Airways and Japan Airlines, and we also find that they can have occasional deals with forward cabin seats on American. | |
| American Express Membership Rewards | $0.017 | 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 (an exception to instant transfers), Virgin, Air Canada and Avianca are top airline partners for maximizing your points. They can also transfer to Delta if you wish and while the rates aren't ideal, they can transfer to Marriott and Hilton as well. The stated value also assumes you will take advantage of transfer partners rather than book via their booking portal, where they are only worth 1 cent (in most cases). We've also created a Guide to American Express Membership Rewards. | |
| Amtrak Guest Rewards | $2.5 |
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Amtrak points are worth around 2.5 cents each toward Amtrak travel (dynamically priced), though that can vary from a bit lower to as much as 6 cents or more on redemptions like First Class or Business Class upgrades. The expire after 24 months of inactivity to transferring in from Bilt Points is one of the only ways to keep them alive if you aren't traveling. |
| ANA Mileage Club | $0.014 |
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The primary use is booking ANA's own stellar First and Business product to/from/through Japan. It also has some good rates on Star Alliance, however they do pass along surcharges. Be careful, though, as points "hard expire" after 3 years. Note that they no longer offer their famous Round the World award. |
| Avianca LifeMiles | $0.012 |
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Award prices have risen and customer service remains outlandishly terrible but at least they do not impose carrier surcharges. Best values are often on Avianca metal. |
| Bilt Rewards | $0.018 | The currency of the only credit card that earns points for paying your rent, it also has stellar transfer partners providing great value. Examples are World of Hyatt, Alaska Airlines, United Airlines, and Turkish Airlines. They also award double points on Rent Day (up to 10,000 per Rent Day) on the first of each month and have one special "deal" on that day as well, different each month. The high valuation compared to peers is owed to both the range of valuable partners and the tiered transfer bonuses of up to 100% based on Bilt status level and other factors. | |
| British Airways Avios | $0.012 | 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. They can now also be combined into Qatar's frequent flyer program where you can book their business class QSuites at reasonable rates. | |
| Capital One Miles | $0.016 | It's worth noting that some Capital One cards earn 2 miles per dollar on everything, making the 1.6 cent per mile value an understatement as you'd be earning a 3.2% yield on every day spend. However, this assumes you will learn how to utilize the Capital One airline and hotel transfer partners, most of which transfer 1:1. The minimum value is 1 cent when used to book travel in their portal or to cover previously paid for travel, however, our calculator assumes you will use Capital One's air and hotel transfer partners when calculating a 1.6 cent per point value. We also have a Guide to Capital One Miles. | |
| Cash | $0.01 |
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When a card earns cash back, it has a value in our calculator of $0.01, just as you'd expect! 😉 |
| Cathay Pacific Asia Miles | $0.0125 |
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Best for booking Cathay Pacific metal long haul premium flights which may only be made available to its own members. Also great for booking long haul in a premium cabin with a short connection in a lower class of service which prices the entire trip lower than just the primary premium long haul segment. You can now book AA flights online as well. We personally love Asia Miles for booking flights to Asia (either to or transiting Japan) as the booking window for Asia Miles is 360 days out which aligns with JAL’s giving you two chances to snag a First or Business Class seat right at the booking window. |
| Chase Ultimate Rewards | $0.01-$0.0175 | The Sapphire Reserve, Sapphire Preferred, Chase Sapphire Reserve for Business, and Ink Preferred all have the ability to transfer to airline and hotel partners. We use an average value that you can expect to get by utilizing your points for these transfer partners. In the Chase Travel℠ portal, Points Boost allows you to redeem for airfare or hotels with point values ranging from 1.5 - 2 cents depending on cabin class or hotel. Specific flights and hotels that appear in Point Boost vary. If you do not have at least one of these cards, Ultimate Rewards are worth exactly 1 cent per point. You can also read our Guide to Chase Ultimate Rewards points. | |
| Choice Privileges | $0.0065 |
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Limited portfolio beyond the budget lines, but Choice can also book some Preferred Hotels and Resorts which can be a decent bargain. |
| Citi ThankYou | $0.01-$0.017 | ThankYou points have recently gained quite a bit of value with the ability to transfer to American Airlines' AAdvantage. Points can be combined among ThankYou earning cards. The value also assumes you will take advantage of transfer partners rather than book via the portal. You get a full 1:1 transfer ratio to most transfer partners when you have a Citi Strata Elite℠, Citi Prestige, or Citi Strata℠ Premier Credit Card. No fee Citi ThankYou cards transfer at a lower ratio, generally 0.7x the standard rate, unless you have one of the aforementioned card as well in which case all points are pooled with the best features of all cards (i.e. 1:1 transfer ratios). Some ratios may be higher or lower than 1:1 and are indicated when transferring. | |
| Delta SkyMiles | $0.012 |
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Delta uses a fully dynamic pricing model on most awards, with the program aiming to offer you about 1.1 to 1.2 cents per point. However, you can still occasionally get much more value, especially during SkyMiles Flash Sales. Note that while you can book SkyTeam alliance flights with Delta SkyMiles, you cannot book international First Class on any SkyMiles partner. |
| Discover | $0.01 |
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Worth a penny each |
| Disney Dollars | $0.01 |
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Worth a penny each |
| Emirates Skywards | $0.011 |
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Emirates Skywards is not an incredibly valuable program in most cases, though during peak times, Skywards will often be the only place you can locate Business and First Class awards. Sadly, on flights to/from/through Dubai, there are horrendous surcharges. That's not to say you still won't get a much better deal than paying cash, but you'll still pay a lot of points and a lot of cash.
The best value, historically, has always been First or Business on their Fifth Freedom routes:
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| Etihad Guest | $0.01 |
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It’s easy to forget, or not know, that Etihad has what is probably the least consumer-friendly cancellation policy around. You will pay between 25% -75% of the fare as a cancellation penalty depending on when you cancel.That’s punitive! And that knocks our valuation down a peg. Best for Etihad metal flights; can also book partners like JetBlue and American Airlines. |
| EVA Air Infinity MileageLands | $0.013 |
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EVA Air Infinity MileageLands is primarily best used for expanded availability on EVA Air flights. You can also use for Star Alliance (award charts aren't amazing) and for a Round the World Star Alliance award. |
| Finnair Avios | $0.012 |
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Finnair Avios are in the same family of Avios as all the others and can be transferred directly from your BA account and can also be moved freely to/from any Avios account. They are most well known for the ability to book AA transcontinental flights in the premium cabin for less than other points programs although you do need to chat or call to book. |
| Frontier Miles | $0.01 |
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Worth about a penny each, give or take. |
| Hawaiian Miles | $0 |
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Have joined Atmos. |
| Hilton Honors | $0.005 | Since Hilton moved to a variable pricing model, on average you'll be offered roughly a 0.5 cent value per point for average hotels. However, what is nice is that although the pricing is mostly variable, they still cap the "standard" redemption rate on all properties. With the 5th night free on all award stays and resort fees waived on award stays, it's very possible to well exceed this value - even getting 1-2 cents per point - when used wisely. With the addition of SLH as fully integrated into the Hilton fold, we had raised the overall expected average redemption value to 0.6 cents, but lowered it back to 0.5 cents after two devaluations in 2025 pushed awards at the top end from 150,000 points to 250,000 points - a sizable increase. | |
| I Prefer | $0.005 |
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Keep in mind that not all Preferred Hotels and Resorts properties can be booked with points. |
| Iberia Avios | $0.012 | Iberia's Avios are very similar to British Airways, with a few differences. You can redeem them for extremely cheap business class flights from the East Coast USA to Madrid (whereas this rate does not exist with other Avios partners). You can transfer from other Avios programs to Iberia as long as your Iberia account has been open for three or more months and you must have earned Avios directly in their program first (from a flight or from a credit card points transfer, for example). For this reason, it's good to create an Iberia Avios account even if you don't see an immediate need. | |
| IHG One Rewards | $0.004 | IHG, home of hotel brands like Intercontinental and Holiday Inn, generally provide about four tenths of a cent in value, following a 2021 devaluation and move to fully dynamic award pricing. I'll redeem when I can get more than that. While you can transfer from Chase Ultimate Rewards to IHG, you really never should as you are cutting the value in half as they transfer 1:1. There is no cap on any hotel rates in points like with Hilton. If you have an IHG Premier or Business Premier credit card, you'll get the 4th night free on rewards which can add significant value. | |
| JAL Mileage Bank | $0.014 |
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Oneworld partner with additional partners and reasonable redemption rates, though watch out for fuel surcharges. Good for Emirates Business Class as well as a variety of partners like Air France. |
| JetBlue TrueBlue | $0.014 |
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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 in economy. Only 1 cent per point is given for Mint redemptions. |
| Leaders Club (Leading Hotels) | $.0775 |
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The loyalty program for Leading Hotels of the World. The value of a point, about 7.75cpp, sounds great until you realize the only transfer partner, Citi ThankYou, transfers at a rate of 5 to 1, or about 1.55 cents per Citi ThankYou point when redeemed this way. A transfer bonus could make this more appealing. |
| Marriott Bonvoy | $0.005 | While Marriott Bonvoy dropped all award charts in favor of a dynamic pricing system, it hasn't gotten out of hand and the 5th night free on awards can still provide outsized value. It's also hard to beat the breadth of Marriott Bonvoy properties all over the world. That said, the prices have gone up and up again, and the ever increasing resort fees are not waived on Bonvoy award nights, which does draw the point value down. | |
| PenFed Pathfinder Rewards | $0.0105 |
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Redemption values vary based on type of travel redemption, from about 0.85 cents on the low end to 1.27 cents on the high end for hotels. |
| Qantas Frequent Flyer | $0.013 |
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Best for booking Qantas metal premium flights (rarely available elsewhere) and Emirates. |
| Qatar Airways Avios | $0.011 |
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Qatar has devalued their own program twice in recent months, first significantly raising the pricing for AA and Alaska awards, then by adding significant new surcharges on long haul premium awards by almost 200%. You also cannot book for anyone but yourself (including family!) unless you have credited a flight to Qatar Avios or have their co-branded credit card. |
| Singapore KrisFlyer | $0.013 |
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Best for premium cabin awards directly on Singapore. They also run Spontaneous Escapes specials. |
| Southwest Rapid Rewards | $0.0125 | Last updated in 2025 to reflect the new dynamic pricing models which gives less value per point at peak times. Compared to the prior 1.4 cpp average, 1.25 cpp seems a bit more the average now. This may keep falling under the new management. | |
| TAP Miles&Go | $0.008 |
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TAP Miles&Go is not a great program most of the time. For instance, though their US-EU pricing is rather insane (I’m seeing 145,000 miles each way in Business from JFK-LIS as an example). But if you want that non-stop, it may be your only option. You’ll need to create or login to your TAP account to search. While Roame (get a free month of Roame Pro for new Pro users) and Point.me both support TAP, I’m not seeing any availability on those sites right now, so I’d suggest a live search at TAP. The other main use would be booking SATA Azores Airlines flights (not bookable anywhere else on an award; the Azores islands, part of Portugal, are supposed to be well worth a visit!) and Emirates flights (in theory, availability is sparse). |
| Turkish Miles&Smiles | $0.012 |
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The best award prices to IST when they offer saver rates. Also worth checking Star Alliance redemptions although the program has devalued several times recently. |
| United Airlines | $0.012 | They have a similar network to AA in terms of reach via the Star Alliance and also (unlike Delta) allow for booking First Class international awards in the Star Alliance network, but they charge noticeably more for Partner Awards and the rates keep (stealthily) rising. United partner Lufthansa tends to have good availability to Europe making it somewhat easier to use to Europe than American, which relies heavily on British Airways and BA charges incredibly steep surcharges on those awards. | |
| Virgin Atlantic Flying Club | $0.012 |
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Redeem for flights starting at 6,000 points. We like using points for domestic Delta flights (when there is availability!) as well as for SkyTeam flights and, of course, ANA First and Business Class flights (which can be tough to find availability for). Virgin’s own flight rewards are dynamically priced but with very high surcharges which affects the overall value of this Point. |
| Virgin Red | $0 |
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Virgin Red |
| Wells Fargo Autograph Rewards | $0.012 | Wells Fargo's reward points on their Autograph line of cards are transferable to a handful of partners. They are the most common partners that most banks already have and do not include any US airlines, making them a bit less valuable than other rewards points. | |
| World of Hyatt | $0.015 | Hyatt award rates range from 5,000 to 75,000 points per night at their regular hotels and resorts. At all-inclusive resorts and Miraval, the prices can reach as high as 85,000 - 95,000 points per night. You can even book Suites for incrementally more points (Premium Suite costs twice as much as a room, for example). I tend to find these are one of the best ways to spend Chase Ultimate Rewards points which transfer 1:1. They are the only major hotel program in the US with fixed award charts making it a great program to be able to set goals for your redemptions.. We used to always get 2+ cents per point in value and had valued points at 1.7 cents on average, however the most recent valuation took a toll with some room rates roughly doubling at peak times. | |
| Wyndham Rewards | $0.009 |
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Uses of Wyndham Rewards points:
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