What are points and miles worth? November 2020 monthly valuations

Nov 15, 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 October 2020 VALUATIONS (PENCE) November 2020 VALUATIONS (PENCE)
Air Canada Aeroplan N/A 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 0.9p 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
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 1.3p 1.4p
World of Hyatt 1.5p 1.5p

Movers and Shakers

With the travel world focused on the coronavirus crisis, October was another unusual month for travel and points and miles.

Most airlines have dramatically slashed their schedules, with some temporarily ceasing long-haul operations altogether — and now that England is in its second national lockdown, this could go on for longer. This means in the short-term, there will be far fewer flights to use your points and miles towards. However, if you are looking further ahead to when you are comfortable travelling again, award availability is likely to be excellent as so many people change their travel plans.

That said, October was a slow month for points and miles news, but there was a big announcement to take note of. Air Canada’s new Aeroplan programme launched on 8 November. This programme gets rid of fuel surcharges and adds great new features like stopovers on one-way tickets and points pooling for families.


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. 

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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.

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