What are points and miles worth? September 2020 monthly valuations

Sep 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 August 2020 VALUATIONS (PENCE) September 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 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 1.3p 1.3p
World of Hyatt 1.5p 1.5p

Movers and Shakers

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

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

Air Canada’s Aeroplan announced a complete revamp. It’s now a truly unique programme but hasn’t quite yet made the list because there are things British travellers should know first. Plus, the changes don’t take effect until the end of the year.

If you are a Virgin Atlantic Flying Club member, there was both fantastic and not so great news in August. In a world-first, you can now earn Tier Points towards higher Flying Club status on award flights, which is a huge perk for members. If you hold a Virgin Atlantic cobranded credit card, it has also simplified and improved the Rewards that you earn from meeting spending thresholds on the cards. The bad news is that partner awards on Singapore Airlines are not available for the foreseeable future.

You can now earn Emirates Skywards miles by shopping online. If you’ve ever wanted to fly first class, Etihad Guest is offering 30% off redemptions for its excellent first-class product. Iberia Plus also offered 50% off redemptions, but there are some big catches for British travellers.

On the hotel front, programmes continue to offer lucrative incentives to encourage travellers to book. You can earn 3,000 Radisson Rewards points for your next booking through the app. You ca also get 2,500 bonus Bonvoy points per stay for new Marriott bookings.


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. 

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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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