One of many questions folks typically ask us is, “How a lot is a degree or mile value?”
The true reply varies from level to level and individual to individual. It additionally is dependent upon your journey targets and the way a lot you maximize a specific loyalty forex. Nonetheless, some rewards bank cards are value 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 might 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 applications to raised estimate the worth it is best to goal to get out of your rewards. Learn our explainer publish on our data-driven valuations for a full methodology breakdown.
Word: These valuations usually are not offered 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 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 possibly can 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 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 offered by the cardboard issuer.
What are resort 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 authorised the merger in September. Quickly after, we discovered particulars of what the merged Alaska-Hawaiian loyalty program could seem 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 youngsters 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 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 just lately utilized for 2 Hawaiian Airways playing cards to safe rewards he’ll later switch to Alaska Mileage Plan. Nonetheless, chances are you’ll not need to earn extra rewards than you intend 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 affords
Listed here are among the greatest choices when 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 when you’re simply getting began with factors and miles. The Chase Sapphire Most well-liked presently affords 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 value as much as $1,530 when you leverage the Final Rewards switch companions or $1,050 when you redeem by way of Chase Journey℠ at 1.25 cents per level.
The cardboard comes with a $95 annual charge however affords many perks, together with a $50 annual resort credit score for reservations made by way of Chase Journey and a ten% anniversary factors bonus based mostly in your earlier yr’s spending. For extra particulars, try our Chase Sapphire Most well-liked Card evaluate.
Official software 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 presently affords 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 will get when redeeming with the Capital One switch companions, our valuations peg the worth of this welcome bonus at $1,388.
You will earn at the very least 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 way 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 company per go to. Try our Capital One Enterprise X card evaluate 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 supply of 75,000 bonus miles whenever you spend $4,000 on purchases throughout the first three months from account opening.
When you plan to switch your miles to Capital One’s resort or airline companions, this welcome supply is value round $1,388. The annual charge for the Capital One Enterprise card is $95 — an affordable quantity for a card with such a beneficiant welcome supply. See our Capital One Enterprise card evaluate for extra particulars.
Study 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 will earn 80,000 Membership Rewards factors after you spend $8,000 on purchases within the first six months of card membership. Nonetheless, chances are you’ll be focused for a better supply by way of the CardMatch device. (This supply is topic to alter 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 evaluate 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
Some of the widespread playing cards with TPG staffers, the American Categorical® Gold Card affords 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 value $1,300. However verify the CardMatch device to see when you’re focused for a fair greater supply. (This supply is topic to alter at any time.)
The Amex Gold Card is nice for a lot of on a regular basis purchases. You will 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 affords 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, try our Amex Gold evaluate.
Official software hyperlink: American Categorical Gold Card
The Enterprise Platinum Card from American Categorical
The Enterprise Platinum Card® from American Categorical affords 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 value $3,000.
You will 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 evaluate. Then, try our comparability of the Amex Platinum and the Enterprise Platinum to see which card higher suits your pockets.
Official software hyperlink: The Enterprise Platinum Card from American Categorical
Capital One Enterprise X Enterprise
The Capital One Enterprise X Enterprise card affords 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 great distance towards your subsequent journey. Our valuations peg the worth of this welcome bonus at $2,775.
The Enterprise X Enterprise options perks which might be practically similar to these on the private model of the cardboard — together with a $300 annual credit score for bookings by way 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 evaluate.
Study extra: Capital One Enterprise X Enterprise
Ink Enterprise Most well-liked Credit score Card
The Ink Enterprise Most well-liked® Credit score Card affords 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 well-liked is usually a nice possibility for enterprise homeowners who need to profit from a beneficiant welcome bonus however may not meet greater spending necessities. Enterprise homeowners may respect that the Ink Enterprise Most well-liked affords 3 factors per greenback on the primary $150,000 in mixed purchases every account anniversary yr on journey; transport purchases; promoting purchases with social media websites and search engines like google; and web, cable and cellphone companies. For extra particulars, try our Ink Enterprise Most well-liked Credit score Card evaluate.
Official software hyperlink: Ink Enterprise Most well-liked 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.
