What are points and miles worth? September 2021 monthly valuations

Sep 6, 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 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 (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 AUGUST 2021 VALUATIONS (PENCE) SEPTEMBER 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 pandemic. 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.

There’s fantastic news for business owners: The British Airways American Express Accelerating Business Card has been completely revamped and now earns both Avios and On Business Points. It also comes with a huge welcome bonus of 60,000 miles for a limited time only.

1 September saw huge changes to the British Airways American Express cards, too. The Companion Voucher changes kick in which is either good or bad news, depending on which card you have. Also, if you don’t have either of these cards yet the welcome bonuses have increased for a limited time only.

If you’re considering booking a holiday with Virgin Atlantic, we crunched the numbers to see if you will earn more Virgin Points booking directly with Virgin Atlantic or with Virgin Holidays.

Etihad is celebrating its 15th birthday by giving Etihad Guest members 1,500 free miles.

And the number of hotels you can redeem your World of Hyatt points at is about to increase as with Hyatt’s purchase of the Apple Leisure Group. Plus, if you’re a Marriott Bonvoy member you can earn 1,500 bonus Bonvoy points per stay with their new promotion.


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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