One of many questions folks typically ask us is, “How a lot is a degree or mile price?”
The true reply varies from level to level and individual to individual. It additionally depends upon your journey objectives and the way a lot you maximize a selected loyalty foreign money. Nonetheless, some rewards bank cards are price greater than others, and our objective is to present you a way of how they stack up.
Traditionally, TPG has valued factors and miles based mostly on a mixture of things: the value at which we’d buy the miles, award prices in this system (factoring in availability and costs) and our experience in this system’s interior workings. Nonetheless, we now use in depth knowledge for the highest six U.S. airline loyalty applications to higher estimate the worth it is best to purpose to get out of your rewards. Learn our explainer submit on our data-driven valuations for a full methodology breakdown.
Notice: These valuations will not be supplied by card issuers.
What are bank card factors and miles price?
| Program | October 2024 valuation (cents) | Newest information |
|---|---|---|
| American Specific Membership Rewards | 2.0 | |
| Bilt Rewards | 2.05 | |
| Capital One | 1.85 | |
| Chase Final Rewards | 2.05 | There’s a best-ever provide 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’ll be able to 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 Purple at a 1:1 ratio. |
What are airline factors and miles price?
*Calculated utilizing TPG’s data-backed valuations methodology launched in September 2023.
The knowledge for the Virgin Purple Rewards Mastercard has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
What are lodge factors price?
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 permitted the merger in September. Quickly after, we realized particulars of what the merged Alaska-Hawaiian loyalty program could appear to be.
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 kids 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 is not going to devalue frequent flyer rewards as a part of the merger.
Each day Publication
Reward your inbox with the TPG Each day publication
Be part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s specialists
Now is an effective time to earn extra Hawaiian miles, particularly if you happen to’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, you could not need to earn extra rewards than you propose 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 gives
Listed here are a few of the greatest choices if you happen to’re searching for a brand new journey rewards card that earns transferable factors.
Chase Sapphire Most popular Card
The Chase Sapphire Most popular® Card is one in all our favourite journey rewards playing cards, particularly if you happen to’re simply getting began with factors and miles. The Chase Sapphire Most popular presently gives 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 12 months. Per our valuations, this welcome bonus is price as much as $1,530 if you happen to leverage the Final Rewards switch companions or $1,050 if you happen to redeem via Chase Journey℠ at 1.25 cents per level.
The cardboard comes with a $95 annual payment however gives many perks, together with a $50 annual lodge credit score for reservations made via Chase Journey and a ten% anniversary factors bonus based mostly in your earlier 12 months’s spending. For extra particulars, take a look at our Chase Sapphire Most popular Card evaluate.
Official utility hyperlink: Chase Sapphire Most popular Card
Capital One Enterprise X Rewards Credit score Card
The Capital One Enterprise X Rewards Credit score Card is a compelling choice as a consequence of its nice incomes charges and included perks. The cardboard presently gives a welcome bonus of 75,000 bonus miles when you spend $4,000 on purchases throughout the first three months from account opening. Because of the worth you may get when redeeming with the Capital One switch companions, our valuations peg the worth of this welcome bonus at $1,388.
You will earn not less than 2 miles per greenback spent on purchases and get entry to quite a lot of helpful advantages, together with a $300 annual credit score for bookings via 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.
Be taught 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 provide of 75,000 bonus miles once you spend $4,000 on purchases throughout the first three months from account opening.
For those who plan to switch your miles to Capital One’s lodge or airline companions, this welcome provide is price round $1,388. The annual payment for the Capital One Enterprise card is $95 — an affordable quantity for a card with such a beneficiant welcome provide. See our Capital One Enterprise card evaluate for extra particulars.
Be taught extra: Capital One Enterprise Rewards Credit score Card
The Platinum Card from American Specific
With the present welcome provide on The Platinum Card® from American Specific, you will earn 80,000 Membership Rewards factors after you spend $8,000 on purchases within the first six months of card membership. Nonetheless, you could be focused for a better provide via the CardMatch instrument. (This provide is topic to alter at any time.)
Our valuations peg 80,000 Membership Rewards factors at $1,600 based mostly on the worth you may 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 small print. The Amex Platinum Card has a $695 annual payment (see charges and costs).
Official utility hyperlink: The Platinum Card from American Specific
American Specific Gold Card
Some of the widespread playing cards with TPG staffers, the American Specific® Gold Card gives 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. Based mostly on our valuations, this welcome provide is price $1,300. However test the CardMatch instrument to see if you happen to’re focused for a good greater provide. (This provide 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 12 months, then 1 level per greenback) and 4 factors per greenback spent at eating places (on as much as $50,000 in purchases per calendar 12 months, then 1 level per greenback). The cardboard has a $325 annual payment (see charges and costs) however gives eating credit (enrollment required) and Uber Money every month on U.S. purchases. You could add your Amex Gold to the Uber app to obtain this profit. Redeem with any Amex card. Phrases apply. For extra particulars, take a look at our Amex Gold evaluate.
Official utility hyperlink: American Specific Gold Card
The Enterprise Platinum Card from American Specific
The Enterprise Platinum Card® from American Specific gives new cardholders the flexibility to earn 150,000 Membership Rewards factors after you spend $20,000 on eligible purchases together with your card within the first three months of card membership. Per our valuations, this welcome provide is price $3,000.
You will discover many lesser-known Amex Enterprise Platinum perks just like (however barely completely different from) these of the non-public model. For extra particulars, take a look at our Amex Enterprise Platinum evaluate. Then, take a look at our comparability of the Amex Platinum and the Enterprise Platinum to see which card higher matches your pockets.
Official utility hyperlink: The Enterprise Platinum Card from American Specific
Capital One Enterprise X Enterprise
The Capital One Enterprise X Enterprise card gives 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 good distance towards your subsequent journey. Our valuations peg the worth of this welcome bonus at $2,775.
The Enterprise X Enterprise options perks which are almost similar to these on the non-public model of the cardboard — together with a $300 annual credit score for bookings via Capital One Journey, in depth airport lounge entry and 10,000 bonus miles every year after your cardholder anniversary. For extra particulars, take a look at our Capital One Enterprise X Enterprise evaluate.
Be taught extra: Capital One Enterprise X Enterprise
Ink Enterprise Most popular Credit score Card
The Ink Enterprise Most popular® Credit score Card gives a welcome bonus of 90,000 bonus factors after you spend $8,000 on purchases within the first three months from card opening. Based mostly on our present valuation of Chase Final Rewards factors, this welcome bonus is price $1,845.
The Ink Enterprise Most popular generally is a nice choice for enterprise house owners who need to profit from a beneficiant welcome bonus however may not meet greater spending necessities. Enterprise house owners can also recognize that the Ink Enterprise Most popular gives 3 factors per greenback on the primary $150,000 in mixed purchases every account anniversary 12 months on journey; delivery purchases; promoting purchases with social media websites and search engines like google and yahoo; and web, cable and cellphone providers. For extra particulars, take a look at our Ink Enterprise Most popular Credit score Card evaluate.
Official utility hyperlink: Ink Enterprise Most popular 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.
