Median of published valuations · October 2026
What are points and miles worth?
Nobody agrees on one number, so we collect the cents-per-point figure each well-known publisher gives for each currency and use the median. Every source is linked and dated.
Values by currency
- Chase Ultimate Rewards points are worth about 2.0¢ each: the median of 7 published valuations (range 1.4–2.07¢), checked October 23, 2026. Cards that earn them: Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Ink Business Preferred.
- Amex Membership Rewards points are worth about 1.85¢ each: the median of 6 published valuations (range 1.3–2.2¢), checked October 23, 2026. Cards that earn them: Amex Platinum Card, Amex Gold Card.
- Capital One Miles miles are worth about 1.7¢ each: the median of 7 published valuations (range 1.3–2.09¢), checked October 23, 2026. Cards that earn them: Capital One Venture X, Capital One Venture, Capital One VentureOne, Capital One Venture X Business.
- Citi ThankYou Points points are worth about 1.7¢ each: the median of 6 published valuations (range 1.5–2.35¢), checked October 23, 2026. Cards that earn them: Citi Strata Premier, Citi Strata Elite.
- Bilt Points points are worth about 1.9¢ each: the median of 6 published valuations (range 1.55–2.2¢), checked October 23, 2026. Cards that earn them: Bilt Blue Card, Bilt Obsidian Card, Bilt Palladium Card.
- Wells Fargo Rewards points are worth about 1.5¢ each: the median of 5 published valuations (range 1.4–2.39¢), checked October 23, 2026. Cards that earn them: Wells Fargo Autograph, Wells Fargo Autograph Journey.
- U.S. Bank Altitude Points points are worth about 1.0¢ each: the median of 1 published valuation, checked October 23, 2026. Cards that earn them: U.S. Bank Altitude Connect, U.S. Bank Altitude Go.
- Bank of America Points points are worth about 1.0¢ each: the median of 3 published valuations, checked October 23, 2026. Cards that earn them: BofA Travel Rewards, BofA Premium Rewards, BofA Premium Rewards Elite.
- United MileagePlus miles are worth about 1.25¢ each: the median of 6 published valuations (range 1.2–2.09¢), checked October 23, 2026. Cards that earn them: United Gateway Card, United Explorer Card, United Quest Card, United Club Card.
- Delta SkyMiles miles are worth about 1.2¢ each: the median of 6 published valuations (range 1.1–1.37¢), checked October 23, 2026. Cards that earn them: Delta SkyMiles Gold Amex, Delta SkyMiles Platinum Amex, Delta SkyMiles Reserve Amex.
- Southwest Rapid Rewards points are worth about 1.3¢ each: the median of 6 published valuations (range 1.2–1.52¢), checked October 23, 2026. Cards that earn them: Southwest Rapid Rewards Plus, Southwest Rapid Rewards Premier, Southwest Rapid Rewards Priority.
- American AAdvantage miles are worth about 1.48¢ each: the median of 6 published valuations (range 1.4–2.56¢), checked October 23, 2026. Cards that earn them: Citi AAdvantage Platinum Select, Citi AAdvantage Executive.
- Atmos Rewards (Alaska/Hawaiian) points are worth about 1.53¢ each: the median of 6 published valuations (range 1.4–2.34¢), checked October 23, 2026. Cards that earn them: Atmos Rewards Ascent.
- Avios (British Airways / Aer Lingus / Iberia) Avios are worth about 1.23¢ each: the median of 6 published valuations (range 1.1–2.55¢), checked October 23, 2026. Cards that earn them: British Airways Visa Signature, Aer Lingus Visa Signature.
- Air Canada Aeroplan points are worth about 1.45¢ each: the median of 6 published valuations (range 1.1–1.86¢), checked October 23, 2026. Cards that earn them: Chase Aeroplan Card.
- JetBlue TrueBlue points are worth about 1.3¢ each: the median of 6 published valuations (range 1.24–1.4¢), checked October 23, 2026. Cards that earn them: JetBlue Plus Card.
- Marriott Bonvoy points are worth about 0.72¢ each: the median of 6 published valuations (range 0.7–0.93¢), checked October 23, 2026. Cards that earn them: Marriott Bonvoy Bold, Marriott Bonvoy Boundless, Marriott Bonvoy Brilliant Amex.
- Hilton Honors points are worth about 0.45¢ each: the median of 6 published valuations (range 0.35–0.62¢), checked October 23, 2026. Cards that earn them: Hilton Honors Amex Card, Hilton Honors Amex Surpass, Hilton Honors Amex Aspire.
- World of Hyatt points are worth about 1.58¢ each: the median of 6 published valuations (range 1.4–2.19¢), checked October 23, 2026. Cards that earn them: World of Hyatt Credit Card.
- IHG One Rewards points are worth about 0.6¢ each: the median of 6 published valuations (range 0.5–0.69¢), checked October 23, 2026. Cards that earn them: IHG One Rewards Premier, IHG One Rewards Credit Card.
- Wyndham Rewards points are worth about 0.65¢ each: the median of 6 published valuations (range 0.55–1.4¢), checked October 23, 2026. Cards that earn them: Wyndham Rewards Earner Plus.
| Currency | Median | TPG | NerdWallet | Bankrate | Upgraded Points | OMAAT | Frequent Miler | AwardWallet |
|---|---|---|---|---|---|---|---|---|
| Chase Ultimate Rewards Transferable to airline and hotel partners. Published values assume transfers; cashing out is 1¢ per point. | 2.0¢ 7 sources | 2.05 | 1.4† | 2.0† | 2.0 | 1.7 | 1.5 | 2.07 |
| Amex Membership Rewards Transferable to airline and hotel partners. Statement-credit cash-out is usually worth less than 1¢. | 1.85¢ 6 sources | 2.0 | 1.3 | — | 2.2 | 1.7 | 1.5 | 2.04 |
| Capital One Miles Capital One states 10,000 miles = $100 toward travel (1¢). Published values assume transfers to partners. | 1.7¢ 7 sources | 1.85 | 1.3 | 1.7 | 1.8 | 1.7 | 1.45 | 2.09 |
| Citi ThankYou Points Transferable on Strata cards. Published values assume transfers; cash back is 1¢ per point. | 1.7¢ 6 sources | 1.9 | 1.7† | — | 1.6 | 1.7 | 1.5 | 2.35 |
| Bilt Points Transferable to airline and hotel partners. Published values assume transfers. | 1.9¢ 6 sources | 2.2 | 1.8 | — | 2.0 | 1.7 | 1.55 | 2.1 |
| Wells Fargo Rewards Wells Fargo states 20,000 points = $200 cash (1¢). Published values above 1¢ assume transfers to partners. | 1.5¢ 5 sources | 1.75 | 1.4 | — | 1.5 | — | 1.4 | 2.39 |
| U.S. Bank Altitude Points Fixed-value points for cash back or travel. | 1.0¢ 1 source | — | — | — | — | — | — | 1.0† |
| Bank of America Points Bank of America states 25,000 points = $250 (1¢). | 1.0¢ 3 sources | — | 1.0† | — | 1.0 | — | — | 1.0† |
| United MileagePlus Dynamic award pricing. | 1.25¢ 6 sources | 1.2 | 1.2 | — | 1.2 | 1.3 | 1.3 | 2.09 |
| Delta SkyMiles Dynamic award pricing. | 1.2¢ 6 sources | 1.2 | 1.2 | — | 1.2 | 1.1 | 1.1 | 1.37 |
| Southwest Rapid Rewards Fare-based award pricing, so value per point is fairly stable. | 1.3¢ 6 sources | 1.25 | 1.4 | — | 1.3 | 1.2 | 1.3 | 1.52 |
| American AAdvantage Dynamic awards on American plus partner awards. | 1.48¢ 6 sources | 1.45 | 1.7 | — | 1.4 | 1.5 | 1.4 | 2.56 |
| Atmos Rewards (Alaska/Hawaiian) Awards on Alaska, Hawaiian and partners. | 1.53¢ 6 sources | 1.55 | 1.4 | — | 1.6 | 1.5 | 1.5 | 2.34 |
| Avios (British Airways / Aer Lingus / Iberia) Distance-based awards. Sources list British Airways Avios. | 1.23¢ 6 sources | 1.4† | 1.2† | — | 1.25† | 1.2† | 1.1† | 2.55† |
| Air Canada Aeroplan Air Canada and partner awards. | 1.45¢ 6 sources | 1.5 | 1.1 | — | 1.5 | 1.4 | 1.4 | 1.86 |
| JetBlue TrueBlue Fare-based award pricing. | 1.3¢ 6 sources | 1.35 | 1.4 | — | 1.3 | 1.3 | 1.3 | 1.24 |
| Marriott Bonvoy Dynamic hotel award pricing. | 0.72¢ 6 sources | 0.75 | 0.7 | — | 0.7 | 0.7 | 0.73 | 0.93 |
| Hilton Honors Hilton awards cost many points per night, so each point is worth little. | 0.45¢ 6 sources | 0.4 | 0.4 | — | 0.5 | 0.5 | 0.35 | 0.62 |
| World of Hyatt Hyatt awards cost relatively few points per night. | 1.58¢ 6 sources | 1.65 | 1.8 | — | 1.4 | 1.4 | 1.5 | 2.19 |
| IHG One Rewards IHG awards cost many points per night. | 0.6¢ 6 sources | 0.6 | 0.6 | — | 0.5 | 0.5 | 0.59 | 0.69 |
| Wyndham Rewards Wyndham award chart. | 0.65¢ 6 sources | 0.55 | 0.7 | — | 0.9 | 0.6 | 0.57 | 1.4 |
| Royal ONE Rewards points Redeem only for onboard credit or cruise discounts with Royal Caribbean, Celebrity and Silversea. | 1.0¢ issuer’s stated value | — | — | — | — | — | — | — |
| Norwegian WorldPoints Redeem for Norwegian cruise discounts, upgrades and onboard credit, or for cash, travel and gift cards. | 1.0¢ issuer’s stated value | — | — | — | — | — | — | — |
| Princess Rewards Visa points Redeem for Princess onboard credit, statement credits toward Princess and airfare, gift cards and more. | 1.0¢ issuer’s stated value | — | — | — | — | — | — | — |
| Holland America Line Rewards Visa points Redeem for Holland America onboard credit and amenities, statement credits toward Holland America and airfare, gift cards and more. | 1.0¢ issuer’s stated value | — | — | — | — | — | — | — |
Values in cents per point or mile; — = that source publishes no value. Raw data: point-valuations.csv (one row per currency and source, with URL and check date). How we use these values: methodology.