How much are points and miles worth?

Points and Miles Valuations for 2025

Updated December 21, 2025

The most important question in the world of travel rewards is: “How much is a point worth?” The answer is not fixed; it depends on how you use it. However, to make smart decisions, it’s crucial to have a baseline understanding of what each point currency is generally worth.

These valuations represent our data-driven estimate of what you can expect to get for your points, on average. Your goal should always be to beat these numbers by finding high-value redemptions.

Credit Card Rewards (Cents Per Point)

Program	Estimated Value
Chase Ultimate Rewards	2.0 cents
American Express Membership Rewards	2.0 cents
Capital One Miles	1.8 cents
Citi ThankYou Rewards	1.8 cents
Bilt Rewards	1.8 cents
Wells Fargo Rewards	1.5 cents
Discover Cashback	1.0 cents
Bank of America Rewards	1.0 cents
US Bank Rewards	1.0 cents
Apple Card Daily Cash	1.0 cents
SoFi Rewards	1.0 cents

Airline Loyalty Programs (Cents Per Mile)

Program	Estimated Value
Air Canada Aeroplan	1.5 cents
Air France / KLM Flying Blue	1.2 cents
Alaska Airlines Mileage Plan	1.8 cents
American Airlines AAdvantage	1.5 cents
ANA Mileage Club	2.5 cents
Avianca LifeMiles	1.4 cents
British Airways Executive Club	1.5 cents
Delta SkyMiles	1.2 cents
Emirates Skywards	1.2 cents
Etihad Guest	0.9 cents
Iberia Plus	1.5 cents
JetBlue TrueBlue	1.4 cents
Lufthansa Miles & More	1.4 cents
Qantas Frequent Flyer	1.3 cents
Qatar Privilege Club	1.4 cents
Singapore Airlines KrisFlyer	1.3 cents
Southwest Rapid Rewards	1.4 cents
Turkish Miles&Smiles	1.0 cents
United MileagePlus	1.1 cents
Virgin Atlantic Flying Club	1.5 cents