What are points and miles worth? July 2020 monthly valuations

Jul 6, 2020

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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 June 2020 VALUATIONS (PENCE) July 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
Delta SkyMiles 0.9p 0.9p
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 N/A 0.3p
Qantas Points N/A 0.8p
Qatar Qmiles 0.6p 0.6p
Singapore KrisFlyer 1.2p 1.2p
United MileagePlus 1.0p 1.0p
Virgin Atlantic Flying Club 1.3p 1.3p
World of Hyatt 1.5p 1.5p

Movers and Shakers

With the travel world focused on the coronavirus crisis, June was another unusual month for travel and points and miles.

Most airlines have dramatically slashed their schedules, with some temporarily ceasing 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.

The biggest news last month in points and miles was American Express Membership Rewards adding Qantas Frequent Flyer as a new airline transfer option. While you are likely still better focusing on British Airways Executive Club as a U.K.-based traveller, Qantas Frequent Flyer still deserves your attention. While having an extra transfer partner option for Membership Rewards is always welcome, the fairly low value of Qantas Points means we are leaving Membership Rewards at its existing value of 1.4p.

If you accepted a British Airways Future Travel voucher for a cancelled Avios redemption, you could be in for a rude shock when you go to use it — here’s a list of all the ways the voucher process could be improved.

American Airlines Advantage miles will no longer expire for members under the age of 21.

Shop Small is back as one of our favourite American Express promotions returns with £5 statement credits.

On the hotel front, Radisson Rewards launched a very generous promotion offering 5,000 bonus points per stay, up to 150,000 bonus points. This offer can be stacked with Radisson’s existing Summer Staycation promotion. If you prefer World of Hyatt, it’s also offering triple points with its new Bonus Journeys promotion.

Marriott announced some big changes to its Bonvoy loyalty programme including expanded off-peak pricing, a temporary pause to peak rates and extra elite-night credits and perks.

Which programmes would you like to see added to the list?


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. Keep in mind you may see some reader comments referring to older valuations below.

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.