The value of the credit card or travel program reward points or miles you earn depend entirely on how you use your card and how you redeem your points.
We acknowledge, however, that for some rewards programs, a value of more than one cent per point or mile is typical and easy to achieve.
We assign the following values to the points and miles earned via these popular travel credit cards:
|Credit Card||Value of one point or mile|
|Barclaycard Arrival Plus® World Elite Mastercard®||1 cent|
|British Airways Visa Signature® Card||1.4 cents|
|Capital One® Venture® Rewards Credit Card||1 cent|
|Capital One® VentureOne® Rewards Credit Card||1 cent|
|Chase Sapphire Preferred® Card||1.4 cents|
|Citi® / AAdvantage® Gold World Elite Mastercard®||1.4 cents|
|Hawaiian Airlines® World Elite Mastercard®||1.4 cents|
|JetBlue Card||1.4 cents|
|Southwest Rapid Rewards® Premier Credit Card||1.4 cents|
A value of 1.4 cents per point or mile is a conservative estimate, based on the methodology explained below, for the value a typical consumer can get from airfare redemptions.
Chase Sapphire Preferred® Card points are valued at a minimum of 1.25 cents since they can be redeemed for airfare at that rate, and we value them at 1.4 cents each since they can be transferred to certain airline programs.
To study the value of airline miles, we looked at sample ticket prices on three different routes 6 months in the future. This produced a total of 18 datapoints for each loyalty program. By dividing the dollar cost of each ticket by the cost in miles, we then calculated both the average and median value for each airline’s mileage program. Here are the results.
Southwest Airlines (Routes: NYC-LAX, WAS-SEA, CHI-DAL)
- Average point value: 1.66 cents
- Median point value: 1.66 cents
- Maximum point value: 1.76 cents
JetBlue (Routes: NYC-LAX, WAS-SEA, CHI-HOU)
- Average point value: 1.49 cents
- Median point value: 1.48 cents
- Maximum point value: 1.54 cents
American (Routes: NYC-LAX, WAS-SEA, CHI-DAL)
- Average point value: 1.21 cents
- Median point value: 1.19 cents
- Maximum point value: 2.33 cents
Delta (Routes: NYC-LAX, WAS-SEA, CHI-DAL)
- Average point value: 1.52 cents
- Median point value: 1.49 cents
- Maximum point value: 2.45 cents
Hawaiian (Routes: LAX-HNL, SEA-HNL, HNL-LIH)
- Average point value: 1.29 cents
- Median point value: 1.19 cents
- Maximum point value: 1.79 cents
As you can see, the revenue-based programs (JetBlue and Southwest) feature fairly steady valuations, as you’d expect, while American, Delta, and Hawaiian show much more variation. Of course, you can use that to your advantage, redeeming miles only when you’re able to get above-average value for them, and paying with cash the rest of the time.
British Airways is a special case because British Airways Avios points are most valuable when redeemed for flights on their oneworld airline partners. That’s because British Airways charges significant fees for additional taxes, fees, and fuel surcharges on award flights to and from their main hub at London Heathrow. However, if you can find award space on partners like American Airlines, you can get a lot of value from their distance-based award chart.
If you are curious to learn more about how rewards programs experts value points and miles, you can check out FreequentFlyerBook.com (Credit Sesame’s resident rewards expert’s blog).
Disclaimer: All the information about the Chase Sapphire Preferred® Card, British Airways Visa Signature® Card, Southwest Rapid Rewards® Premier Credit Card, JetBlue Card and the Barclaycard Arrival Plus® World Elite Mastercard® has been collected independently by CreditSesame.com and has not been reviewed or provided by the issuers of these cards. The Chase Sapphire Preferred® Card, British Airways Visa Signature® Card, Southwest Rapid Rewards® Premier Credit Card, JetBlue Card and the Barclaycard Arrival Plus® World Elite Mastercard® are not available through CreditSesame.com.
Advertiser Disclosure: Many of the credit card offers that appear on this site are from companies from which we receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all companies or all available products or all available credit card offers. Credit Sesame is an independent comparison service provider. Reasonable efforts have been made to maintain accurate information throughout our website, mobile apps, and communication methods; however, all information is presented without warranty or guarantee. Please visit the provider’s site for current information and verify all terms and conditions of any offer prior to applying. The editorial content on this page (including, but not limited to, Pros and Cons) is not provided by any credit card issuer. Any opinions, analysis, reviews, or recommendations expressed here are author’s alone, not those of any credit card issuer, and have not been reviewed, approved or otherwise endorsed by any credit card issuer. All images and trademarks are the property of their respective owners.
See the online provider’s application for details about terms and conditions. Offers are subject to change and the terms displayed may not be available to all consumers. Please visit the provider’s site for current information and verify all terms and conditions of any offer prior to applying.
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Disclaimer: The article and information provided here is for informational purposes only and is not intended as a substitute for professional advice.