What are points and miles worth? August 2020 monthly valuations
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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||July 2020 VALUATIONS (PENCE)||August 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|
|Flying Blue (Air France/KLM)||1.0p||1.0p|
|HSBC Premier Rewards||0.6p||0.6p|
|IHG Rewards Club||0.4p||0.4p|
|Lufthansa Miles & More||1.1p||1.1p|
|Virgin Atlantic Flying Club||1.3p||1.3p|
|World of Hyatt||1.5p||1.5p|
Movers and Shakers
With the travel world focused on the coronavirus crisis, July 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 — although air travel is slowly returning to normal. 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.
British Airways Executive Club members who register, book and travel can take advantage of double Avios on up to 10 flight bookings. The offer also extends to British Airways holidays for those Executive Club members who live in the U.K. and in the U.S. You can also earn up to a massive 300,000 Avios with a Nutmeg ISA, Pension or Investment Account. Those criticised Future Travel Vouchers finally have one improvement: Some can now be redeemed online. Lastly in BA news, you can earn 200 bonus Avios for each £120 eStore purchase.
One of our favourite mainland Europe frequent flyer programmes, Air France/KLM’s Flying Blue launched a new promotion offering double Flying Blue miles and XP credits.
If you save your miles for a luxurious first-class flight redemption be aware that these airlines have stopped offering first class due to the pandemic. British Airways Club Europe might give you slightly more personal space, though as we discovered, don’t expect much else for your Avios right now.
Alaska Airlines is moving up its timeline to join the Oneworld alliance, now aiming to join by year-end which is good news for Oneworld points and miles collectors.
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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