Estimated redemption value in US cents per point for the major bank, airline, and hotel currencies. What you actually get depends on the redemption.
Estimate the cash-equivalent value of a points or miles balance.
Best used transferred to Hyatt or United, not the portal.
Widest airline transfer chart; ANA and Air France sweet spots.
No annual fee, transfers to most of the same partners as Amex.
Growing transfer chart, direct 1:1 cash redemption floor.
Turkish Airlines transfers unlock strong Star Alliance business fares.
No fuel surcharges on most partner redemptions.
Category 1-4 free-night sweet spots are the best value in hotel points.
Distance-based chart rewards short nonstop hops.
Frequent buy-miles promos change the math often.
Dynamic pricing has eroded most historical sweet spots.
Monthly Promo Rewards can push this well above the base rate.
Excellent availability on United metal, weak partner redemptions.
Revenue-based, so value is close to constant across fares.
Fully dynamic pricing; value swings by route and season.
Points needed per night are high; value depends on peak/off-peak.
Low per-point value offset by very large earning rates.
| Type | Trend | Notes | ||
|---|---|---|---|---|
Chase Ultimate Rewards Chase | Bank | 2.05¢ | Stable | Best used transferred to Hyatt or United, not the portal. |
Amex Membership Rewards American Express | Bank | 2.00¢ | Trending up | Widest airline transfer chart; ANA and Air France sweet spots. |
Bilt Rewards Bilt | Bank | 2.00¢ | Stable | No annual fee, transfers to most of the same partners as Amex. |
Capital One Miles Capital One | Bank | 1.85¢ | Trending up | Growing transfer chart, direct 1:1 cash redemption floor. |
Citi ThankYou Points Citi | Bank | 1.80¢ | Stable | Turkish Airlines transfers unlock strong Star Alliance business fares. |
Air Canada Aeroplan Air Canada | Airline | 1.70¢ | Trending up | No fuel surcharges on most partner redemptions. |
World of Hyatt Hyatt | Hotel | 1.70¢ | Trending up | Category 1-4 free-night sweet spots are the best value in hotel points. |
British Airways Avios British Airways | Airline | 1.50¢ | Stable | Distance-based chart rewards short nonstop hops. |
Avianca LifeMiles Avianca | Airline | 1.50¢ | Trending down | Frequent buy-miles promos change the math often. |
American AAdvantage American Airlines | Airline | 1.40¢ | Trending down | Dynamic pricing has eroded most historical sweet spots. |
Air France-KLM Flying Blue Air France / KLM | Airline | 1.30¢ | Stable | Monthly Promo Rewards can push this well above the base rate. |
United MileagePlus United Airlines | Airline | 1.30¢ | Trending down | Excellent availability on United metal, weak partner redemptions. |
Southwest Rapid Rewards Southwest | Airline | 1.30¢ | Stable | Revenue-based, so value is close to constant across fares. |
Delta SkyMiles Delta Air Lines | Airline | 1.20¢ | Trending down | Fully dynamic pricing; value swings by route and season. |
Marriott Bonvoy Marriott | Hotel | 0.80¢ | Stable | Points needed per night are high; value depends on peak/off-peak. |
Hilton Honors Hilton | Hotel | 0.50¢ | Stable | Low per-point value offset by very large earning rates. |