One of many questions individuals typically ask us is, “How a lot is some extent or mile value?”
The true reply varies from level to level and individual to individual. It additionally is determined by your journey objectives and the way a lot you maximize a specific loyalty foreign money. Nonetheless, some rewards bank cards are value greater than others, and our objective is to offer you a way of how they stack up.
Traditionally, TPG has valued factors and miles based mostly on a mix of things: the value at which we’d buy the miles, award prices in this system (factoring in availability and costs) and our experience in this system’s inside workings. Nonetheless, we now use intensive information for the highest six U.S. airline loyalty packages to raised estimate the worth you must purpose to get out of your rewards. Learn our explainer submit on our data-driven valuations for a full methodology breakdown.
Word: These valuations will not be supplied by card issuers.
What are bank card factors and miles value?
| 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 provide 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 stay. |
| 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 value?
*Calculated utilizing TPG’s data-backed valuations methodology launched in September 2023.
The data 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 supplied by the cardboard issuer.
What are lodge factors value?
Information spotlight of the month
The largest 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 authorized the merger in September. Quickly after, we discovered particulars of what the merged Alaska-Hawaiian loyalty program might appear like.
The DOT requires the airways to protect their present Important Air Service routes, present ranges of service inside 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 packages.
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 power 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 efficient time to earn extra Hawaiian miles, particularly when you’ve struggled to earn sufficient Alaska miles to make your required award bookings. For instance, TPG Managing Editor Clint Henderson not too long ago utilized for 2 Hawaiian Airways playing cards to safe rewards he’ll later switch to Alaska Mileage Plan. Nonetheless, it’s possible you’ll not wish to earn extra rewards than you propose to make use of inside 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 gives
Listed below are a few of the finest choices when you’re searching for a brand new journey rewards card that earns transferable factors.
Chase Sapphire Most popular Card
The Chase Sapphire Most popular® Card is one among our favourite journey rewards playing cards, particularly when you’re simply getting began with factors and miles. The Chase Sapphire Most popular at the moment gives 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 inside the first 12 months. Per our valuations, this welcome bonus is value as much as $1,530 when you leverage the Final Rewards switch companions or $1,050 when you redeem by means of Chase Journey℠ at 1.25 cents per level.
The cardboard comes with a $95 annual charge however gives 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 12 months’s spending. For extra particulars, try our Chase Sapphire Most popular Card assessment.
Official software hyperlink: Chase Sapphire Most popular Card
Capital One Enterprise X Rewards Credit score Card
The Capital One Enterprise X Rewards Credit score Card is a compelling possibility attributable to its nice incomes charges and included perks. The cardboard at the moment gives a welcome bonus of 75,000 bonus miles when you spend $4,000 on purchases inside the first three months from account opening. As a result of worth you will get when redeeming with the Capital One switch companions, our valuations peg the worth of this welcome bonus at $1,388.
You may earn not less than 2 miles per greenback spent on purchases and get entry to quite a lot 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.
Study 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 provide of 75,000 bonus miles while you spend $4,000 on purchases inside the first three months from account opening.
When you plan to switch your miles to Capital One’s lodge or airline companions, this welcome provide is value 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 provide. See our Capital One Enterprise card assessment for extra particulars.
Study extra: Capital One Enterprise Rewards Credit score Card
The Platinum Card from American Categorical
With the present welcome provide on The Platinum Card® from American Categorical, you will earn 80,000 Membership Rewards factors after you spend $8,000 on purchases within the first six months of card membership. Nonetheless, it’s possible you’ll be focused for the next provide by means of the CardMatch device. (This provide is topic to vary at any time.)
Our valuations peg 80,000 Membership Rewards factors at $1,600 based mostly on the worth you will 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 software hyperlink: The Platinum Card from American Categorical
American Categorical Gold Card
One of the crucial fashionable playing cards with TPG staffers, the American Categorical® Gold Card gives 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) inside the first six months of card membership. Primarily based on our valuations, this welcome provide is value $1,300. However test the CardMatch device to see when you’re focused for a good increased provide. (This provide 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 12 months, then 1 level per greenback) and 4 factors per greenback spent at eating places (on as much as $50,000 in purchases per calendar 12 months, then 1 level per greenback). The cardboard has a $325 annual charge (see charges and costs) however gives eating credit (enrollment required) and Uber Money every month on U.S. purchases. It’s essential to add your Amex Gold to the Uber app to obtain this profit. Redeem with any Amex card. Phrases apply. For extra particulars, try our Amex Gold assessment.
Official software hyperlink: American Categorical Gold Card
The Enterprise Platinum Card from American Categorical
The Enterprise Platinum Card® from American Categorical gives new cardholders the power to earn 150,000 Membership Rewards factors after you spend $20,000 on eligible purchases together with your card within the first three months of card membership. Per our valuations, this welcome provide is value $3,000.
You may discover many lesser-known Amex Enterprise Platinum perks much like (however barely totally different from) these of the private model. For extra particulars, try our Amex Enterprise Platinum assessment. Then, try our comparability of the Amex Platinum and the Enterprise Platinum to see which card higher matches your pockets.
Official software hyperlink: The Enterprise Platinum Card from American Categorical
Capital One Enterprise X Enterprise
The Capital One Enterprise X Enterprise card gives a welcome bonus of 150,000 miles after you spend $30,000 within the first three months from account opening. Whereas that is a big spending requirement, these rewards can go a good distance towards your subsequent journey. Our valuations peg the worth of this welcome bonus at $2,775.
The Enterprise X Enterprise options perks which can be almost similar to these on the private model of the cardboard — together with a $300 annual credit score for bookings by means of Capital One Journey, intensive airport lounge entry and 10,000 bonus miles annually after your cardholder anniversary. For extra particulars, try our Capital One Enterprise X Enterprise assessment.
Study extra: Capital One Enterprise X Enterprise
Ink Enterprise Most popular Credit score Card
The Ink Enterprise Most popular® Credit score Card gives a welcome bonus of 90,000 bonus factors after you spend $8,000 on purchases within the first three months from card opening. Primarily based on our present valuation of Chase Final Rewards factors, this welcome bonus is value $1,845.
The Ink Enterprise Most popular is usually a nice possibility for enterprise house owners who wish to profit from a beneficiant welcome bonus however may not meet increased spending necessities. Enterprise house owners might also respect that the Ink Enterprise Most popular gives 3 factors per greenback on the primary $150,000 in mixed purchases every account anniversary 12 months on journey; transport purchases; promoting purchases with social media websites and search engines like google and yahoo; and web, cable and cellphone companies. For extra particulars, try our Ink Enterprise Most popular Credit score Card assessment.
Official software hyperlink: Ink Enterprise Most popular Credit score Card
For charges and costs of the Amex Platinum Card, click on right here.
For charges and costs of the Amex Gold Card, click on right here.
