What are points and miles worth? June 2021 monthly valuations

Jun 6, 2021

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One of the questions we are asked most often here at TPG U.K. is “How much is a point or mile worth?” The answer varies from person to person, and depends on how well you can maximise a particular loyalty currency. Still, some rewards are clearly worth more than others — our goal is to give you a sense of how they stack up.

These valuations are based on a combination of what we would pay to buy points if given the opportunity and the overall value we could get from redeeming them, factoring in variables like award availability, fees and change/cancellation policies. We encourage you to share your thoughts where you think we are off base (and on point, no pun intended), and we’ll take feedback from TPG readers into consideration when we regularly update the valuations.

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Given the ongoing outbreak of the novel coronavirus, we are still seeing a lot of uncertainty — and some analysts are saying travel won’t fully rebound until 2024.

PROGRAMME May 2021 VALUATIONS (PENCE) June 2021 VALUATIONS (PENCE)
Air Canada Aeroplan 1.3p 1.3p
American Airlines AAdvantage 1.2p 1.2p
American Express Membership Rewards 1.4p 1.4p
Alaska Mileage Plan 1.4p 1.4p
British Airways Avios 1.1p 1.1p
British Airways On Business Points 3.3p 3.3p
Delta SkyMiles 0.8p 0.8p
Emirates Skywards 0.9p 0.9p
Etihad Guest 1.1p 1.1p
Flying Blue (Air France/KLM) 1.0p 1.0p
Hilton Honors 0.4p 0.4p
HSBC Premier Rewards 0.6p 0.6p
IHG Rewards Club 0.4p 0.4p
Marriott Bonvoy 0.7p 0.7p
Lufthansa Miles & More 1.1p 1.1p
Radisson Rewards 0.3p 0.3p
Qantas Points 0.8p 0.8p
Qatar Qmiles 0.6p 0.6p
Singapore KrisFlyer 1.2p 1.2p
United MileagePlus 1.0p 1.0p
Virgin Atlantic Flying Club 1.2p 1.2p
World of Hyatt 1.5p 1.5p

Movers and Shakers

As noted above, the biggest news of the past year has been the coronavirus outbreak. Some airlines have completely suspended operations during the pandemic, while others have filed for bankruptcy — which may or may not affect their respective frequent flyer programmes. We’ve also seen elite status extensions from almost every major airline and hotel programme, ensuring that loyal members can retain their benefits in 2021 and beyond.

Some great news for British Airways Executive Club members last month. BA has doubled the minimum guaranteed number of seats that can be booked on each of its flights using Avios. You can also earn double Tier Points on flights booked as part of a BA Holiday.

American Express has added an extra perk to our favourite beginner credit card, the Preferred Rewards Gold Card. You can now use a £10 Deliveroo credit each and every month. In other news, Amex has also reduced the earning rate on two of its cashback credit cards.

Barclays and Avios have joined forces to offer Avios and an upgrade voucher just for having a bank account. Read all about this unique product here.

If you’re keeping your feet on the ground right now, you can now earn 3 Virgin Points for any U.K. train travel booked through the Virgin Red app. Virgin Atlantic’s Flying Club partner KLM has announced six new long-haul destinations including in Florida and the Caribbean, which is another great opportunity if you’re struggling to find availability on Virgin Atlantic.

On the hotel front, did you know you can book World of Hyatt properties from as little as 5,000 points per night? Here is the list of your options.

IHG has also launched a new promotion for 75 of its U.K. properties, which will allow guests to check-out of their hotel as late as 11:59 p.m. It has also extended loyalty benefits again and paused point expiration.


This is The Points Guy UK’s permanent page for the most up-to-date valuations, so you can bookmark it and check back each month for updates. 

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.