I Need Your Help With Next Month’s Points and Miles Valuations

Mar 30, 2017

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Update: Some offers mentioned below are no longer available. View the current offers here: The Business Platinum Card® from American Express, The Platinum Card® from American Express

It’s hard to believe that it’s been nearly three years since we published our first monthly points and miles valuations. A lot has changed in that time, but while some programs have jumped up and others have moved down, the series has given us an opportunity to evaluate how much each of the various currencies are worth. We use them to figure out when to book an award flight or hotel stay, but these figures also make it easy to calculate the value of a credit card sign-up bonus — as you know, 50,000 points IHG points are worth substantially less than 50,000 Chase Ultimate Rewards points, so it’s important to always do the math here.

Take, for example, today’s elevated offer for The Platinum Card® from American Express, which got me thinking… how much value could I realistically get from that 60,000-point bonus? Based on this month’s valuations, I’d say $1,140 — but with the Business Platinum Card® from American Express, I’m always getting 2 cents in value when redeeming for paid flights, and as the most savvy hobbyists know, you can do much better than that by transferring to airline partners. So my current 1.9-cent valuation doesn’t make a whole lot of sense. It’s time to shake things up… but what should change, and by how much?

From a last-minute trip home in Lufthansa’s phenomenal first class, where I got 7 cents per point in value, to the ultimate in luxury onboard Singapore’s A380 Suites (9.7 cents in value), there’s no question that I’ve managed to make the most of my frequent flyer miles and transferrable credit card points. I’ve had so many outrageous redemptions in the past few months that it seems that I’ve been too conservative with some of my valuations — I’m strongly considering boosting some programs next month.

But before I pull the trigger on any changes, I wanted to check in with you — our readers. So, please chime in down below in the comments section by sharing some of your best redemptions, including the value you got per point. I know that might sound like a lot of work, but calculating your redemption value is actually quite simple.

Here’s a quick example using my Singapore Suites redemption from last year

(Cash price – taxes and fees) / number of points or miles redeemed

So, in the case of that Singapore flight, I redeemed 74,375 KrisFlyer miles and paid $23 in taxes for a ticket that would have cost $7,250. So my calculation is as follows:

($7,250 – $23) / 74,375 = $0.097

So, based on the simple formula above, I got 9.7 cents in value from this redemption. That’s fantastic!

These figures will never be perfect, because how much value you end up getting will depend on a million different factors. So, below are March’s valuations — let us know which you think should move up or down, and if there’s any programs you think we should add.

Program March 2016 (Cents) February 2017 (Cents) March 2017 (Cents) Note
Accor Le Club - - -
Aeromexico Club Premier - - -
Aeroplan Loyalty Program 1.5 - -
Alaska Mileage Plan 2.00 - -
American AAdvantage 1.7 - -
American Express Membership Rewards 1.9 - -
Amtrak Guest Rewards 2.5 - -
ANA Mileage Club 1.5 - -
Asia Miles - - -
Avianca LifeMiles 1.7 - -
Avios 1.5 - -
Bank of America Premium Rewards - - -
Barclaycard Arrival Miles 1.0 - -
Best Western Rewards - - -
Brex Exclusive Rewards - - -
Capital One Credit Card Rewards 1.0 - -
Chase Ultimate Rewards 2.1 - -
Choice Privileges 0.6 - -
Citi ThankYou Points 1.6 - -
Delta SkyMiles 1.2 - -
Diners Club Rewards 2.1 - -
Discover Rewards - - -
Emirates Skywards 1.2 - -
Etihad Guest 1.4 - -
Flying Blue 1.3 - -
Frontier Miles 1.1 - -
HawaiianMiles - - -
Hilton Honors 0.5 - -
IHG Rewards Club 0.7 - -
JetBlue TrueBlue Rewards Program 1.2 - -
Korean Air SkyPass - - -
Marriott - - -
Marriott Bonvoy 0.7 - -
Miles & More 1.4 - -
Qantas Frequent Flyer - - -
Qatar Airways Qmiles - - -
Radisson Rewards 0.4 - -
Ritz-Carlton Rewards 0.7 - -
SAS EuroBonus - - -
Singapore Krisflyer 1.5 - -
Southwest Rapid Rewards 1.5 - -
Spirit Airlines Free Spirit - - -
Starwood Starpoints 2.5 - -
Turkish Airlines Miles and Smiles - - -
U.S. Bank FlexPerks 1.5 - -
United MileagePlus 1.5 - -
Virgin America Elevate 2.0 - -
Virgin Atlantic Flying Club 1.5 - -
Wells Fargo Go Far Rewards - - -
WestJet Rewards - - -
World of Hyatt Loyalty Program 1.8 - -
Wyndham Rewards 1.2 - -

Depending on how you’ve chosen to redeem your points and miles, there’s a very good chance that you’ve managed to squeeze out even more value than me. Keep in mind that my valuations represent the minimum value you should expect to get from each point or mile — some customers will redeem for much more, and others will burn their points for much less, but you’re generally getting a good deal when you redeem at or above the valuation.

In other words, just because I got 9.7 cents in value on that Singapore flight doesn’t mean I’m boosting KrisFlyer miles (which were recently devalued) and all the transferrable points to 9.7 cents — I’ll surely land on a much more reasonable figure, but please share your redemptions below, and I’ll consider your redemption when I work out the numbers for next month.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.