One of many questions individuals typically ask us is, “How a lot is a degree or mile price?”
The true reply varies from level to level and individual to individual. It additionally is dependent upon your journey objectives and the way a lot you maximize a selected loyalty foreign money. Nonetheless, some rewards bank cards are price greater than others, and our purpose is to provide you a way of how they stack up.
Traditionally, TPG has valued factors and miles based mostly on a mix of things: the worth at which we’d buy the miles, award prices in this system (factoring in availability and costs) and our experience in this system’s interior workings. Nonetheless, we now use in depth information for the highest six U.S. airline loyalty applications to higher estimate the worth it’s best to purpose to get out of your rewards. Learn our explainer publish on our data-driven valuations for a full methodology breakdown.
Observe: These valuations are usually not offered by card issuers.
What are bank card factors and miles price?
| Program | October 2024 valuation (cents) | Newest information |
|---|---|---|
| American Categorical Membership Rewards | 2.0 | |
| Bilt Rewards | 2.05 | |
| Capital One | 1.85 | |
| Chase Final Rewards | 2.05 | There’s a best-ever supply on the Chase Ink Enterprise Limitless® Credit score Card with a brand new $900 bonus after spending $6,000 on purchases within the first three months of account opening. You may earn as much as $300 money again with these Chase Freedom welcome bonuses after assembly a minimal spend requirement.
Chase Freedom fourth-quarter classes are actually dwell. |
| Citi ThankYou Rewards | 1.8 | |
| Wells Fargo Rewards | 1.6 | Now you can switch Wells Fargo Rewards factors to Virgin Atlantic Flying Membership and Virgin Crimson at a 1:1 ratio. |
What are airline factors and miles price?
*Calculated utilizing TPG’s data-backed valuations methodology launched in September 2023.
The knowledge for the Virgin Crimson Rewards Mastercard has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
What are lodge factors price?
Information spotlight of the month
The most important information spotlight within the final month for award vacationers was the Alaska Airways and Hawaiian Airways merger. The U.S. Division of Justice opted to not block the merger in August, and the U.S. Division of Transportation permitted the merger in September. Quickly after, we realized particulars of what the merged Alaska-Hawaiian loyalty program could appear like.
The DOT requires the airways to protect their present Important Air Service routes, present ranges of service throughout the Hawaiian Islands, and present ranges of service between Hawaii and the continental U.S. Nonetheless, the DOT additionally requires the airways to ensure that households with kids can sit collectively with out added charges, that the airways will not devalue frequent flyer rewards as a part of the merger and that the airways will not take away any advantages from every elite standing tier whereas combining the applications.
Now you can switch Hawaiian miles to Alaska Airways at a 1:1 ratio, making it simpler than ever to earn Alaska miles. We elevated our valuation of Hawaiian miles to 1.2 cents every due to the flexibility to switch Hawaiian miles to Alaska at a 1:1 ratio and the requirement that the airways won’t devalue frequent flyer rewards as a part of the merger.
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Now is an effective time to earn extra Hawaiian miles, particularly in case you’ve struggled to earn sufficient Alaska miles to make your required award bookings. For instance, TPG Managing Editor Clint Henderson lately utilized for 2 Hawaiian Airways playing cards to safe rewards he’ll later switch to Alaska Mileage Plan. Nonetheless, you might not wish to earn extra rewards than you propose to make use of throughout the subsequent few years. In any case, the DOT solely required that the airways not devalue frequent flyer rewards as a part of the merger.
Associated: Capitalize on Alaska-Hawaiian merger: Potential methods to maximise your miles, elite standing and extra
Journey bank card provides
Listed here are a few of the greatest choices in case you’re on the lookout for a brand new journey rewards card that earns transferable factors.
Chase Sapphire Most well-liked Card
The Chase Sapphire Most well-liked® Card is one in all our favourite journey rewards playing cards, particularly in case you’re simply getting began with factors and miles. The Chase Sapphire Most well-liked at the moment provides a welcome bonus of 60,000 Chase Final Rewards factors after you spend $4,000 on purchases within the first three months from account opening, plus a $300 assertion credit score on Chase Journey℠ purchases throughout the first yr. Per our valuations, this welcome bonus is price as much as $1,530 in case you leverage the Final Rewards switch companions or $1,050 in case you redeem by means of Chase Journey℠ at 1.25 cents per level.
The cardboard comes with a $95 annual charge however provides many perks, together with a $50 annual lodge credit score for reservations made by means of Chase Journey and a ten% anniversary factors bonus based mostly in your earlier yr’s spending. For extra particulars, take a look at our Chase Sapphire Most well-liked Card assessment.
Official utility hyperlink: Chase Sapphire Most well-liked Card
Capital One Enterprise X Rewards Credit score Card
The Capital One Enterprise X Rewards Credit score Card is a compelling possibility as a consequence of its nice incomes charges and included perks. The cardboard at the moment provides a welcome bonus of 75,000 bonus miles when you spend $4,000 on purchases throughout the first three months from account opening. As a result of worth you may get when redeeming with the Capital One switch companions, our valuations peg the worth of this welcome bonus at $1,388.
You may earn a minimum of 2 miles per greenback spent on purchases and get entry to a wide range of helpful advantages, together with a $300 annual credit score for bookings by means of Capital One Journey, 10,000 bonus miles every account anniversary and limitless complimentary entry to Capital One airport lounges for you and as much as two friends per go to. Try our Capital One Enterprise X card assessment for extra particulars.
Be taught extra: Capital One Enterprise X Rewards Credit score Card
Capital One Enterprise Rewards Credit score Card
The Capital One Enterprise Rewards Credit score Card has a welcome supply of 75,000 bonus miles once you spend $4,000 on purchases throughout the first three months from account opening.
In the event you plan to switch your miles to Capital One’s lodge or airline companions, this welcome supply is price round $1,388. The annual charge for the Capital One Enterprise card is $95 — an inexpensive quantity for a card with such a beneficiant welcome supply. See our Capital One Enterprise card assessment for extra particulars.
Be taught extra: Capital One Enterprise Rewards Credit score Card
The Platinum Card from American Categorical
With the present welcome supply on The Platinum Card® from American Categorical, you may earn 80,000 Membership Rewards factors after you spend $8,000 on purchases within the first six months of card membership. Nonetheless, you might be focused for a better supply by means of the CardMatch instrument. (This supply is topic to vary at any time.)
Our valuations peg 80,000 Membership Rewards factors at $1,600 based mostly on the worth you may get when leveraging the Membership Rewards switch companions. The Amex Platinum Card is filled with advantages (enrollment is required for choose advantages), so learn our Amex Platinum assessment for all the main points. The Amex Platinum Card has a $695 annual charge (see charges and costs).
Official utility hyperlink: The Platinum Card from American Categorical
American Categorical Gold Card
One of the vital in style playing cards with TPG staffers, the American Categorical® Gold Card provides 60,000 bonus factors after you spend $6,000 on purchases within the first six months of card membership. Plus, obtain 20% again in assertion credit on eligible restaurant purchases (as much as $100 again) throughout the first six months of card membership. Primarily based on our valuations, this welcome supply is price $1,300. However verify the CardMatch instrument to see in case you’re focused for a good larger supply. (This supply is topic to vary at any time.)
The Amex Gold Card is nice for a lot of on a regular basis purchases. You may earn 4 factors per greenback spent at U.S. supermarkets (on as much as $25,000 in purchases per calendar yr, then 1 level per greenback) and 4 factors per greenback spent at eating places (on as much as $50,000 in purchases per calendar yr, then 1 level per greenback). The cardboard has a $325 annual charge (see charges and costs) however provides eating credit (enrollment required) and Uber Money every month on U.S. purchases. You have to add your Amex Gold to the Uber app to obtain this profit. Redeem with any Amex card. Phrases apply. For extra particulars, take a look at our Amex Gold assessment.
Official utility hyperlink: American Categorical Gold Card
The Enterprise Platinum Card from American Categorical
The Enterprise Platinum Card® from American Categorical provides new cardholders the flexibility to earn 150,000 Membership Rewards factors after you spend $20,000 on eligible purchases along with your card within the first three months of card membership. Per our valuations, this welcome supply is price $3,000.
You may discover many lesser-known Amex Enterprise Platinum perks much like (however barely completely different from) these of the private model. For extra particulars, take a look at our Amex Enterprise Platinum assessment. Then, take a look at our comparability of the Amex Platinum and the Enterprise Platinum to see which card higher matches your pockets.
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