What are points and miles worth? October 2021 monthly valuations

Oct 7, 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 (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 SEPTEMBER 2021 VALUATIONS (PENCE) OCTOBER 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.

It’s the best time in the history of TPG U.K. for welcome bonuses on the best credit cards available right now with up to 60,000 bonus points per card – don’t miss the best ever bonuses on five fantastic cards.

September saw huge changes to the Companion Vouchers earned from the British Airways American Express cards. We have run the searches on a newly earned Companion Voucher and the promise is true – it is now significantly easier to use your new Companion Voucher to book long-haul business class flights on British Airways.

Virgin Atlantic is extending elite status and vouchers by another 6 months.

In hotel news, Hilton was the first major chain to announce new status requirements for 2022 and it’s good news for Hilton Honors members. They have also extended existing elite status and points expirations. If you are a Marriott Bonvoy member, then your breakfast is about to get better at 3,000 hotels in the United States, just in time for the country to reopen to British travellers.


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.

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.