What are points and miles worth? May 2022 monthly valuations

May 10, 2022

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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 one person to the next 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 and cancellation policies. We encourage you to share your thoughts where you think we are off base (or 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 coronavirus pandemic and the Russian invasion of Ukraine, we are still seeing some uncertainty.

PROGRAMME APRIL 2022 VALUATIONS (PENCE) MAY 2022 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 Avios 1.1p 1.1p
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

Redeeming British Airways Companion Vouchers is usually a critical points and miles decision each year but you can read here why I am currently less interested in doing so. You can still use this voucher for first-class flights, but you will probably struggle to find availability right now. Here is how to earn 1,250 Avios from a £30 hotel stay.

The sign-up bonus for the Virgin Atlantic Rewards Credit Cards has increased — you can earn up to 30,000 Virgin Points right now.

Check your flight for your next Qatar Airways service to Dubai — you may be landing at a different airport.

If you’re redeeming Star Alliance miles for something special, Thai Airways first class has returned and London is the first destination.

In hotel news, IHG Hotels and Resorts have introduced their new IHG One Rewards programme, and so far we are impressed. There’s yet another generous promotion from Hilton Honors with up to triple points for stays.

You might remember that Marriott Bonvoy has switched to dynamic pricing. In our special report, we look at how this has impacted the value of Bonvoy points for popular properties around the world.


This is The Points Guy U.K.’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.

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