What are points and miles worth? March 2020 monthly valuations

Mar 4, 2020

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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.

PROGRAMME February 2020 VALUATIONS (PENCE) March 2020 VALUATIONS (PENCE)
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 0.9p 0.9p
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
Qatar Airways Qmiles 0.6p 0.6p
Singapore KrisFlyer 1.2p 1.2p
United MileagePlus 1.0p 1.0p
Virgin Atlantic Flying Club 1.2p 1.3p
World of Hyatt 1.5p 1.5p

Movers and Shakers

February was all about Virgin Atlantic and Air France-KLM. You can now earn and redeem Virgin Flying Club miles for Air France and KLM flights, as well as redeeming Air France-KLM Flying Blue miles for Virgin Atlantic flights. If you are a U.K. traveller, this opens up all sort of new opportunities for redemption options with the duo’s huge route network from the U.K. and beyond.

I’ve increased the valuation of Flying Club miles this month as a result, as they are now more useful than they were a month ago, especially as Flying Club has implemented a new short-haul redemption chart similar to the popular and great value Reward Flight Saver deal with British Airways. From the Flying Blue side, while it’s great to have more redemption options, the changes aren’t quite as positive, so I’ve kept the Flying Blue valuation as-is for now. Our resident Flying Blue expert, Tim Ramakers explains if U.K. flyers should pick Flying Club or Flying Blue.

In other news, Alaska Airlines announced it will join the Oneworld alliance in mid-2021 and work more closely with American Airlines, which in turn, announced it would fly from London (LHR) to Seattle (SEA) from March next year.

Over at British Airways, you will soon be able to earn Avios with Barclays, following the announcement of a new partnership.

On the hotel front, Hyatt will increase award rates for various properties on 22 March with the introduction of peak and off-peak pricing. Marriott is also increasing the rates for some properties from 4 March. The old ‘SPG Amex’ card was finally rebranded as the Marriott Bonvoy American Express card, with some changes to earning and other perks.

Here’s how you can get the 4th night free at IHG properties in Europe, Africa, the Middle East and Asia Pacific.

Which programmes would you like to see added to the list?


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. Keep in mind you may see some reader comments referring to older valuations below.

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.