If you’re interested in using credit card rewards to fund your next vacation, or you simply want to build up points or miles with one loyalty program, it’s important to know what the rewards are worth before you make a choice.
There are three main types of rewards programs: airline, hotel, and credit card rewards programs. As you review the valuations of the following programs, think about their value and how easy or difficult they are to earn.
What are points and miles worth?
With general travel rewards programs, your points or miles typically have a set value based on how you redeem your points. For instance, you may get 1 cent per point on travel and 0.5 cents per point on cash back.
With airline and hotel rewards programs, however, your point values are based not only on how you redeem them, but they also vary with each reservation. For these programs, we provide an average value based on award flights or hotel stays.
Airline rewards programs
Depending on your status with an airline — or if you have its co-branded credit card — you may get special benefits with the airline in addition to free flights through its rewards program.
Common perks include free checked bags, priority boarding, and discounted in-flight purchases. Airline rewards miles tend to be more valuable than hotel rewards points, but they’re harder to earn.
|Program||Value per mile|
|Alaska Airlines||1.8 cents|
|American Airlines||1.4 cents|
|British Airways||1.3 cents|
|Delta Airlines||1.3 cents|
|Frontier Airlines||1 cent|
|Hawaiian Airlines||1.1 cents|
|JetBlue Airways||1.3 cents|
|Southwest Airlines||1.3 cents|
|Spirit Airlines||0.4 cents|
|United Airlines||1.4 cents|
Hotel rewards programs
In addition to rewards points, you can also get other perks for being a loyal member, such as early check-in and late check-out, room upgrades, and complimentary Wi-Fi, among others.
|Program||Value per point|
|Best Western||0.7 cents|
|Choice Privileges||0.6 cents|
General travel rewards programs
Some credit card issuers provide their own proprietary rewards program on some of their cards. While some, such as Barclays Arrival and Capital One Venture rewards programs, are pretty straightforward no matter how you redeem your rewards, others may offer more value depending on how you redeem.
|Program||Value per point/mile|
|American Express||1.9 cents|
|Bank of America||1 cent|
|Barclays Arrival||1 cent|
|Capital One Venture||1 cent|
|Chase Ultimate Rewards||1.7 cents|
|Citi ThankYou||1.7 cents|
Methodology: These points and miles valuations are based on a general consensus of top travel and credit card rewards experts. They are updated quarterly. Don’t see a favorite loyalty program? Leave a comment and we’ll look into adding it.