How much are points and miles worth? - Find Me a Card

How much are points and miles worth?

(Last updated: September 2021)

Although the value per point and mile used to calculate reward values on Findmeacard will constantly evolve over time (e.g., as point program redemption options get better worse), this article will give you a snapshot view of the values that were being used in the credit card reward valuations on the Findmeacard website at a particular point in time (September 2021).

Contents:

  1. Summary
  2. Full list: Value per point or mile for each credit card
  3. Quick tip: To get more value, don't redeem points or miles for statement credits or gift cards

Summary

There's a breakdown of the value per point or mile for each specific credit card later in this article, but we'll start with a few different summary views.

Typical value per point or mile for each of the 8 most popular card issuers

Rank

Issuer

Typical value per point or mile

1

American Express

1.55

2

Chase

1.5

3

Capital One

1.45

4

US Bank

1-1.5

5

Wells Fargo

1-1.5

6

Citi

1-1.45

7

Bank of America

1

8

Discover

1

Value per point or mile for proprietary cards

Here are the values per point or mile for proprietary cards (i.e., not co-branded, and therefore not for a specific hotel chain or airline) offered by the most popular issuers:

Credit card / reward program

Value per point or mile

Proprietary Card Points

 

American Express Membership Rewards

1.55

Bank of America Premium Rewards

1

Barclaycard Arrival World Mastercard Miles

1

Barclaycard Choice Privileges

0.68

Capital One Rewards

1.45

Chase Ultimate Rewards

1.5

Citi Rewards+ ThankYou Points

1

Citi Premier/Prestige ThankYou Points

1.45

PNC

0.2

U.S. Bank Altitude Go

1

U.S. Bank FlexPerks

1.5

Wells Fargo Propel

1

Wells Fargo Go Far Rewards

1.5

Proprietary Card Miles

 

Discover Miles

1

Value per point or mile for co-branded cards

Here are the values per point or mile for co-branded cards (i.e., cards for specific hotel chains or airlines) offered by the most popular issuers:

Credit card / reward program

Value per point or mile

Hotel Points

 

Hilton Honors

0.4

IHG Rewards Club

0.6

Marriott Bonvoy

0.62

Hyatt

1.6

Airline miles

 

Alaska Mileage Plan

1.3

American AAdvantage

1.3

Delta Sky Miles

1.2

JetBlue True Blue

1.33

Southwest Rapid Rewards

1.4

TD First Class miles

1

United MileagePlus

1.3

Full list: Value per point or mile for each credit card

Notes

Sites used as sources

Site

Last Checked

URL

FrequentMiler

July 2020

https://frequentmiler.com/reasonable-redemption-values-rrvs/

OneMileAtATime

December 2020

https://onemileatatime.com/value-miles-points/

ThePointsGuy

December 2020

https://thepointsguy.com/guide/monthly-valuations/

Notes to keep in mind

  • Points and miles can sometimes be subject to devaluation.
  • Bonuses can and do affect the overall standard value for the points/miles offered by each card issuer.
  • When card issuers cooperate with other companies to offer joint cards (a.k.a. "retail", "cobrand", or "partner" credit cards), you'll need to determine which company's points/miles system is applicable for that card. (But for any cards listed in this article, it's already been factored into the valuations.)

Airline miles: Cents per mile

 

Value we agree the most with

One Mile at a Time

The Points Guy

Frequent Miler

Aegean Miles+Bonus

1.4

1.4

 

 

Air Canada Aeroplan

1.3

1.4

1.5

1.3

Air France-KLM Flying Blue

1.3

1.3

 

 

Alaska Mileage Plan

1.3

1.8

1.8

1.3

American AAdvantage

1.3

1.5

1.4

1.3

ANA Mileage Club

1.4

 

1.4

 

Asia Miles

1.3

 

1.3

 

Asiana Club

1.4

1.4

 

 

Avianca Lifemiles

1.3

1.4

1.7

1.3

British Airways Executive Club

1.09

1.3

1.5

1.09

Cathay Pacific Asia Miles

1.09

1.2

 

1.09

Delta Sky Miles

1.2

1.2

1.2

1.2

Emirates Skywards

1.2

1

1.2

 

Etihad Guest

1.2

1.2

1.4

 

Flying Blue

1.2

 

1.2

 

Frontier Miles

0.95

 

1.1

0.95

HawaiianMiles

0.75

 

0.9

0.75

Japan Airlines Mileage Bank

1.3

1.3

 

 

JetBlue True Blue

1.33

1.3

1.3

1.33

Korean Air SkyPass

1.3

1.5

1.7

1.3

Lufthansa Miles & More

1.3

1.2

1.4

1.3

Malaysia Airlines Enrich

0.9

0.9

 

 

Qatar Privilege Club

0.9

0.9

0.8

 

Singapore Airlines KrisFlyer

1.4

1.4

1.3

 

Southwest Rapid Rewards

1.4

1.3

1.5

1.4

Spirit Airlines Free Spirit

0.4

 

0.4

 

TD First Class miles

1

 

 

 

Turkish Airlines Miles and Smiles

1.3

 

1.3

 

United MileagePlus

1.3

1.4

1.3

1.3

Virgin Atlantic Flying Club

1.3

1.2

1.6

1.3

Sources used but not mentioned in the table above (for table layout reasons):

Hotel points: Cents per mile

 

Value we agree the most with

One Mile at a Time

The Points Guy

Frequent Miler

Accor Le Club

2

 

2

 

Best Western Rewards

0.54

 

0.6

0.54

Hilton Honors

0.4

0.5

0.6

0.4

IHG Rewards Club

0.6

0.5

0.5

0.6

Marriott Bonvoy

0.62

0.7

0.8

0.62

Radisson Rewards

0.34

0.3

0.4

0.34

Hyatt

1.6

1.5

1.7

1.6

Wyndham Rewards

0.82

0.7

1.1

0.82

Proprietary card points: Cents per point

 

Value we agree the most with

One Mile at a Time

The Points Guy

Frequent Miler

American Express Membership Rewards

1.55

1.7

2

1.55

Bank of America Premium Rewards

1

 

1

 

Barclaycard Arrival World Mastercard Miles

1

1.05

1

1

Barclaycard Choice Privileges

0.68

 

0.6

0.68

Brex Exclusive

1.7

1.7

1.7

 

Brex Rewards

1.1

1.1

 

 

Capital One Rewards

1.45

1.1

1.4

1.45

Chase Ultimate Rewards

1.5

1.7

2

1.5

Citi Premier/Prestige ThankYou Points

1.45

1.7

1.7

1.45

Citi Rewards+ ThankYou Points

1

 

 

 

PenFed Premium Travel Reward

0.85

 

 

0.85

PNC

0.2

 

 

 

U.S. Bank Altitude Go

1

 

 

 

U.S. Bank FlexPerks

1.5

 

1.5

1.5

Wells Fargo Go Far Rewards

1.5

 

1.5

 

Wells Fargo Propel

1

 

 

 

Sources used but not mentioned in the table above (for table layout reasons):

Proprietary card miles: Cents per mile

 

Value we agree the most with

The Points Guy

Discover Miles

1

1

Misc. points programs: Cents per point

 

Value we agree the most with

The Points Guy

Frequent Miler

Amtrak Guest Rewards

2.56

2.5

2.56

Diners Club Rewards

2.1

2.1

 

Uber Cash

0.9

 

0.9

Quick tip: To get more value, don't redeem points or miles for statement credits or gift cards

For most credit card miles and points programs, redeeming the miles or points for statement credit cards, gift cards, or similar cash-like redemption options will give you notably less value per point or mile (e.g., between 0.8 and 1 cent per point or mile for most issuers) than you would get by redeeming them for things like flights and hotel stays (e.g., between 1.2 and 1.8 cents per point or mile).