What are points and miles worth? January 2022 monthly valuations

4d ago

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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 ongoing outbreak of the novel coronavirus, we are still seeing a lot of uncertainty.

PROGRAMME DECEMBER 2021 VALUATIONS (PENCE) JANUARY 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 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

To start the new year with a bang its a great idea to read our guide on how to get your points and miles into shape.

There’s been lots of great news for Avios British Airways Avios collectors in the past month. A great use of your Avios is redeeming them for British Airways new Club Suite business class product – here are the routes that will see the seat this month.

Another good use of Avios is to redeem for flights on American Airlines and there’s good news — after an outage they can now be booked online again. BA Holidays have also extended their generous double Tier Points offer, and it’s now even cheaper to earn valuable Silver status in the Executive Club programme. The British Airways American Express credit cards also have increased sign-up bonuses for a limited time only.

If you have Virgin Points to redeem, here are the routes Virgin Atlantic will fly their best business class seat on in January 2022. They’re also launching a brand new route to Austin, Texas — you can expect great award availability to redeem your Virgin Points.

Not a member of Emirates Skywards yet? You can earn 2,000 miles just for signing up.

On the hotel front, Hilton has celebrated the new year with their new Points Unlimited promotion, but you’ll need to register first. There are also promotions to buy miles and points available right now, but is this a good idea?


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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