What are points and miles worth? January 2020 monthly valuations

Jan 4, 2020

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One of the questions we are asked most often here at TPG 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 December 2019 VALUATIONS (PENCE) January 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
Qatar Airways 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

2020 will see some major changes to the Oneworld alliance. Royal Air Maroc officially join on 31 March 2020 and you should be able to use Oneworld points such as Avios to book flights on the airline from this date. Stay tuned to TPG U.K. for how to book, once that option is available. In October, South American Oneworld member LATAM will leave the alliance. With the arrival and departure of these Oneworld members, it could create some shake ups.

Virgin Atlantic Rewards credit cards are capping points earning to the credit limit of the card each month. This won’t affect most cardholders, but you can read our full explanation here.

Singapore Airlines is launching a new route to Brussels (BRU) — if you are struggling to find availability using KrisFlyer miles from the U.K., consider this new route instead, which is likely to have good availability. Brussels is easy to reach from the U.K. on Eurostar, and you’ll save plenty by avoiding the expensive UK APD tax too.

Marriott Bonvoy launched a great promotion where new members can earn a free night certificate with just two paid stays until 29 April 2020.

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.