What are points and miles worth? July 2021 monthly valuations

Jul 10, 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.

PROGRAMME June 2021 VALUATIONS (PENCE) July 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.

June was a huge month for changes to the Companion Voucher earned from the British Airways American Express credit cards — you can read all about the changes here. Some are improvements, some are devaluations.

The Marriott Bonvoy American Express card has doubled its welcome bonus to 40,000 Bonvoy points, and it now includes Gold elite status for 18 months, too.

If you’re a big-spending business, have a look at the American Express Business Gold Card — there are 50% more Membership Rewards points available if you spend £20,000 in each calendar quarter.

Emirates Skywards is devaluing first class awards in July by removing Flex awards.

On the hotel front, don’t forget about the excellent cashback and bonus points options you can stack together — here is how you can earn 58 Hilton points per £1 on a hotel stay. You can also save up to £100 on your next IHG stay with Amex Offers, as well as 1,000 bonus Avios with a two-night flexible-rate IHG stay.

World of Hyatt has delayed peak pricing again until March 2022 and extended the validity of points — if you have points expiring by 30 June 2021, they’ll be valid until 31 December 2021. Hyatt has also added 12 new properties to its “Small Luxury Hotels” collection, bookable with World of Hyatt points — three of these are in the United Kingdom.


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.