Perks Academy

What is a point worth?

Updated October 2, 2026

Different experts put different price tags on the same points. Here are the major programs side by side, valued in cents per point. Swipe the table sideways to see every column.

Program The Points Guy Oct 2026 Upgraded Points Sep 2026 One Mile at a Time Oct 2026 NerdWallet Sep 2026 Averageof published Rangelow to high
Bank points
Amex Membership Rewards 2 2.2 1.7 1.3 1.8 1.3 to 2.2
Chase Ultimate Rewards 2.05 2 1.7 1.4* 1.79 1.4 to 2.05
Citi ThankYou 1.9 1.6 1.7 1.2* 1.6 1.2 to 1.9
Capital One 1.85 1.8 1.7 1.3 1.66 1.3 to 1.85
Bilt 2.2 2 1.7 1.8 1.93 1.7 to 2.2
Wells Fargo Rewards 1.75 1.5 - 1.4 1.55 1.4 to 1.75
Airline miles
British Airways Avios 1.4+ 1.25 1.2 1.2 1.26 1.2 to 1.4
Iberia Avios 1.4+ 1.25 1.2 - 1.28 1.2 to 1.4
Aer Lingus Avios 1.4+ 1.25 1.2 - 1.28 1.2 to 1.4
Qatar Airways Avios 1.4+ 1.25 - - 1.33 1.25 to 1.4
Virgin Atlantic Flying Club 1.5 1.4 1.1 0.8 1.2 0.8 to 1.5
Air France-KLM Flying Blue 1.4 1.3 1.3 1 1.25 1 to 1.4
Air Canada Aeroplan 1.5 1.5 1.4 1.1 1.38 1.1 to 1.5
American AAdvantage 1.45 1.4 1.5 1.7 1.51 1.4 to 1.7
United MileagePlus 1.2 1.2 1.3 1.2 1.23 1.2 to 1.3
Delta SkyMiles 1.2 1.2 1.1 1.2 1.18 1.1 to 1.2
Southwest Rapid Rewards 1.25 1.3 1.2 1.4 1.29 1.2 to 1.4
JetBlue TrueBlue 1.35 1.3 1.3 1.4 1.34 1.3 to 1.4
Alaska Atmos Rewards 1.55 1.6 1.5 1.4 1.51 1.4 to 1.6
Avianca LifeMiles 1.6 1.4 1.3 1.3 1.4 1.3 to 1.6
Singapore KrisFlyer 1.3 1.35 1.3 - 1.32 1.3 to 1.35
Cathay Asia Miles 1.3 1.3 1.2 - 1.27 1.2 to 1.3
ANA Mileage Club 1.4 1.4 1.4 - 1.4 1.4 to 1.4
Japan Airlines Mileage Bank - 1.3 1.3 - 1.3 1.3 to 1.3
Turkish Miles&Smiles 1.1 1.3 1.2 0.8 1.1 0.8 to 1.3
Emirates Skywards 1.2 1.1 1.2 1 1.13 1 to 1.2
Etihad Guest 1.2 1.4 1.1 - 1.23 1.1 to 1.4
Hotel points
World of Hyatt 1.65 1.4 1.4 1.8 1.56 1.4 to 1.8
Marriott Bonvoy 0.75 0.7 0.7 0.7 0.71 0.7 to 0.75
Hilton Honors 0.4 0.5 0.5 0.4 0.45 0.4 to 0.5
IHG One Rewards 0.6 0.5 0.5 0.6 0.55 0.5 to 0.6
Accor Live Limitless 2.3 2.2 2 - 2.17 2 to 2.3
Wyndham Rewards 0.55 0.9 0.6 0.7 0.69 0.55 to 0.9
Choice Privileges 0.85 0.6 0.6 0.8 0.71 0.6 to 0.85
Best Western Rewards 0.6 0.6 0.5 - 0.57 0.5 to 0.6
Highest value in that row Darker blue means a higher value within its group

Why the numbers differ

  • The Points Guy blends search data from Points Path and Gondola with staff judgment.
  • Upgraded Points uses editorial judgment, including what points cost to buy and how easy awards are to find.
  • One Mile at a Time says it values points conservatively, on purpose, so people use them instead of hoarding.
  • NerdWallet takes the median of real cash and award prices. Mostly economy flights and standard hotel rooms, so premium cabin sweet spots do not lift the number.

Reading the table

  • Bank points (Amex, Chase, Citi, Capital One, Bilt, Wells Fargo) are worth more because you can send them to many partners.
  • Hotel points are not comparable one to one. A Hilton point is worth less because you need many more of them per night.
  • A valuation is a bar to clear, not a cash price. Divide the cash cost of a trip by the points it costs to see your real rate.

Notes on the data

  • The Points Guy lists one Avios value, so it shows on all four Avios rows (marked +).
  • NerdWallet bases bank point values on the best transfer partner. Chase and Citi vary by card, shown in the marked cells.
  • Figures pulled October 2, 2026. Programs change values often, so recheck before a big transfer.