Points and Miles Valuations, July 2026
What every major rewards currency is actually worth, in cents per point.
These are the valuations behind every card review, sign-up bonus dollar figure and calculator on this site. Use them to compare currencies apples to apples: a 60,000-point bonus in a 2.0¢ currency is worth more than 80,000 points in a 1.2¢ one.
By Alex Compton · Last reviewed
· valuations independent of compensationBank Points (6 programs)
Transferable currencies. Their value comes from the best of their transfer partners, so they lead the table.
| Program | Value per point | Value of 10,000 | Transfer partners |
|---|---|---|---|
| Chase Ultimate Rewards | 2.05¢ | $205 | 12 |
| Amex Membership Rewards | 2.00¢ | $200 | 13 |
| Bilt Points | 2.00¢ | $200 | — |
| Capital One Miles | 1.80¢ | $180 | 9 |
| Citi ThankYou Points | 1.80¢ | $180 | 9 |
| Wells Fargo Rewards | 1.50¢ | $150 | 5 |
Airline Miles (10 programs)
Values reflect realistic partner and saver awards, not the best redemption anyone has ever screenshotted.
| Program | Value per point | Value of 10,000 | Transfer partners |
|---|---|---|---|
| Alaska Mileage Plan | 1.45¢ | $145 | — |
| American AAdvantage | 1.40¢ | $140 | — |
| Virgin Atlantic Flying Club | 1.40¢ | $140 | — |
| Air Canada Aeroplan | 1.40¢ | $140 | — |
| Southwest Rapid Rewards | 1.35¢ | $135 | — |
| Avianca LifeMiles | 1.35¢ | $135 | — |
| Air France/KLM Flying Blue | 1.30¢ | $130 | — |
| JetBlue TrueBlue | 1.30¢ | $130 | — |
| United MileagePlus | 1.20¢ | $120 | — |
| Delta SkyMiles | 1.15¢ | $115 | — |
Hotel Points (5 programs)
Hotel currencies vary the most. A Hyatt point buys several times what a Hilton point does.
| Program | Value per point | Value of 10,000 | Transfer partners |
|---|---|---|---|
| World of Hyatt | 1.70¢ | $170 | — |
| Wyndham Rewards | 1.00¢ | $100 | — |
| Marriott Bonvoy | 0.80¢ | $80 | — |
| IHG One Rewards | 0.60¢ | $60 | — |
| Hilton Honors | 0.50¢ | $50 | — |
How These Valuations Work
Each figure is our estimate of the realistic redemption value of one point or mile, not the theoretical maximum. Transferable bank currencies are valued off the awards their best transfer partners consistently make available. Airline miles are valued against partner and saver-level awards a normal member can actually book, and hotel points against typical paid rates at properties people actually redeem at.
Inflated "up to" numbers from one-off first-class redemptions are excluded on purpose. A valuation is only honest if it survives real redemptions, so when a program devalues its chart or its partners, the number here comes down with it. Valuations are reviewed monthly and this table was last reviewed in July 2026.
These are opinions based on tracked award pricing, not guarantees. Your own value depends on how you redeem.
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