This article helps you understand that not all points are equal. Let’s talk about what your travel points are worth. Each rewards program is essentially its own currency. So the values can vary based on the retail cost of the average redemption. The following tables list estimated values based on an average person’s redemption. Many people can find much higher value than these estimates for their points and miles.
Point Values by Category*
*Values based on calculations from Frequent Miler’s article here (permission given by Frequent Miler)
|Program||Value||Best Way to Redeem|
|Amex Membership Rewards||1.55||Travel Portal and Transfer Partners|
|Chase Ultimate Rewards||1.5||Travel Portal and Transfer Partners|
|Citi ThankYou Points||1.45||Travel Portal and Transfer Partners|
|Capital One Venture Miles||1.05||Points Eraser and Transfer Partners|
|Marriott Bonvoy Points||0.8||Hotel bookings or Transfer Partners|
Airline RewardsMost airline miles are around the same value. So choosing airline credit cards comes down to preference, travel goals, sign-up bonuses, and extra benefits like free bags. There are also some intangibles such as Southwest's flexible cancellation and change policy (no fees and miles are re-deposited quickly).
|Airline Program||Redemption Value (Cents per point)|
|Air Canada Aeroplan||1.3|
|British Airways Avios||1.09|
|Cathay Pacific Asia Mies||1.09|
|Frontier Bonus Miles||0.95|
|Miles & More (Lufthansa)||1.3|
|Virgin Atlantic Flying Club||1.3|
Hotel RewardsThe main takeaway is that Hilton often has higher welcome bonuses for their credit cards compared to Hyatt or Marriott, but Hilton Honors points are far less valuable than other programs.
|Hotel Program||Redemption Value (Cents per point)|
|Best Western Rewards||0.58|
|World of Hyatt||1.5|
|IHG Rewards Club||0.57|
Now that we’ve covered the value of points and miles, you should be better equipped to make a good decision on your next card. Check out our Best Credit Card Offers of the Month or our Top Overall Rankings for Beginners. Of course, all of this information is taken into consideration when you use the CardGenie tool in your user portal. Want to be sure you’re getting the best value points for you? Be sure your Travel Freely profile is up to date and check out the CardGenie to see what card is right for you.