How much are points and miles worth? TPG Valuations January 2025

One of the questions people often ask us is, “How much is a point or a mile worth?”

The true answer varies from point to point and person to person. It also depends on your travel goals and how much you max out a particular loyalty coin. Still, some rewards credit cards They are worth more than others and our goal is to give you an idea of ​​how they compare.

Historically, TPG has valued points and miles based on a combination of factors: the price at which we would purchase miles, the costs of awards in the program (taking into account availability and rates), and our experience in the internal workings of the program. However, we now use comprehensive data from the top six US airline loyalty programs to better estimate the value you should aim to get from your rewards. Read our explanatory post on our data-driven assessments for a full breakdown of the methodology.

How much are credit card points and miles worth?

How much are airline points and miles worth?

*Calculated using TPG’s data-backed valuations methodology launched in September 2023.

How much are hotel points worth?

Featured news of the month.

Happy New Year from all of us here at TPG.

there is much that we hope in 2025 for your points and miles. For example, Bilt Rewards is introducing the ability to Earn points on the purchase price of a new home when you use eXp Realty.

You can also earn 10,000 more Elite qualifying miles per year in Alaska Airlines’ Mileage Plan program. Alaska Airlines Visa Signature® Credit Card either Alaska Airlines Visa® Commercial Card. The Mileage Plan program will also begin EQM award in award ticketsa rather unusual feature for a major loyalty program (although Virgin Atlantic Flying Club Program has offered it for some time).

Alaska will also launch its first premium credit card this summer and you can earn 500 bonus miles just by adding your name to the waiting list. a new JetBlue premium credit card could also be on the way.

In the hotel world, Choice Privileges will begin allowing members to book award nights up to 50 weeks in advance. The program is also reducing its cheapest award nights from 8,000 to 6,000 points per night.

The TPG team also has some points and miles hopes in 2025 that have not been (yet!) announced. Our wish list includes bonus categories on Capital One credit cards and year-round bonus categories for Chase and American Express cards. We would love to see more benefits for Hyatt Explorist World Status members, better benefits for IHG One Rewards Elite Members and Delta reinstates Medallion qualifying dollar transfers.

We are big fans of transferable currencies here at TPGalthough not all coins have the perfect coin transfer partner list. We cross our fingers that Wells Fargo Rewards and Citi Thank You Rewards will add Air Canada Aeroplan as a new transfer partner in 2025.

Related: Why Air Canada Aeroplan has become my favorite Star Alliance loyalty program

Travel credit card offers

These are some of the best options if you are looking for a new travel rewards card that earns transferable points.

Chase Sapphire Preferred Card

He Chase Sapphire Preferred® Card It’s one of our favorite travel rewards cards, especially if you’re just getting started with points and miles. Chase Sapphire Preferred is currently offering a 60,000 welcome bonus Pursue ultimate rewards points after spending $4,000 on purchases in the first three months of account opening. According to our ratings, this welcome bonus is worth $1,230 if you take advantage of the Ultimate Rewards Transfer Partners or $750 if you redeem through Chase Travel at 1.25 cents per point.

The card comes with a $95 annual fee but offers many benefits, including a $50 annual hotel credit for reservations made through Chase Travel and a 10% anniversary points bonus based on your spending from the previous year. For more details, see our Chase Sapphire Preferred Card Review.

Official app link: Chase Sapphire Preferred Card

Capital One Venture X Rewards Credit Card

He Capital One Venture X Rewards Credit Card It is an attractive option due to its excellent earning rates and included benefits. Currently, the card has a welcome offer of 75,000 bonus miles once you spend $4,000 on purchases within the first three months of account opening. Due to the value you can get when redeeming with the Capital One Transfer PartnersOur ratings set the value of this welcome bonus at $1,388.

You’ll earn at least 2 miles for every dollar spent on purchases and have access to a variety of useful benefits, including a $300 annual credit for reservations through Trip to Capital One10,000 bonus miles for each account anniversary and free access to Capital One Airport Lounges for you and up to two guests per visit. Take a look at our Capital One Venture X Card Review for more details.

More information: Capital One Venture X Rewards Credit Card

Capital One Venture Rewards Credit Card

He Capital One Venture Rewards Credit Card has a welcome offer of 75,000 bonus miles when you spend $4,000 on purchases within the first three months of account opening.

If you plan to transfer your miles to Capital One hotel or airline partners, this welcome offer is worth about $1,388. The annual fee for the Capital One Venture card is $95, a reasonable amount for a card with such a generous welcome offer. See our Capital One Venture Card Review for more details.

More information: Capital One Venture Rewards Credit Card

The American Express Platinum Card

With the current welcome offer at The Platinum® Card from American Expressyou will win 80,000 Membership Rewards points after spending $8,000 on purchases during the first six months of card membership. However, you may be offered a higher offer through the CardMatch Tool. (This offer is subject to change at any time.)

Our reviews peg 80,000 Membership Rewards points at $1,600 based on the value you can get by taking advantage of the Membership Rewards Transfer Partners. Amex Platinum is packed with benefits, so read our Amex Platinum Review for all the details. Amex Platinum has an annual fee of $695 (see rates and fees).

Official app link: The American Express Platinum Card

American Express Gold Card

One of the most popular cards among TPG staff, the American Express® Gold Card offers new cardholders the chance to earn 60,000 bonus points after spending $6,000 on purchases during the first six months of card membership. According to our ratings, this welcome offer is worth $1,200. Check the CardMatch Tool to see if it is destined for an even higher offer. (This offer is subject to change at any time.)

Amex Gold is ideal for many everyday purchases. You’ll earn 4 points per dollar spent at U.S. supermarkets (on purchases up to $25,000 per calendar year, then 1 point per dollar) and 4 points per dollar spent at restaurants (on purchases up to $50,000 per calendar year, then 1 point per dollar spent at restaurants). then 1 point per dollar). The card has an annual fee of $325 (see rates and fees), so check out our Amex Gold Review to see if it makes sense.

Official app link: American Express Gold Card

The American Express Business Platinum Card

The American Express Business Platinum Card offers new cardholders the opportunity to earn 150,000 Membership Rewards points after spending $20,000 on eligible purchases with their card during the first three months of membership. According to our ratings, this welcome offer is worth $3,000.

You’ll find many lesser-known benefits of Amex Business Platinum similar (but slightly different) to the personal version. For more details, see our Amex Business Platinum Review. Then check out our comparison of Amex Platinum and Business Platinum to see which card fits your wallet best.

Official app link: The American Express Business Platinum Card

Capital One Venture X Business

He Capital One Venture X Business offers a welcome bonus of 150,000 miles after you spend $30,000 in the first three months of account opening. While that’s a big spending requirement, those rewards can go a long way toward your next trip. Our ratings set the value of this welcome bonus at $2,775.

Venture of the cardholder’s anniversary. Take a look at our Capital One Venture X Business Card Review for more details.

More information: Capital One Venture X Business

Ink Business Preferred Credit Card

He Ink Business Preferred® Credit Card has a welcome offer of 90,000 bonus points after you spend $8,000 on purchases in the first three months of opening the card. Based on our current valuation of Chase Ultimate Rewards points, this welcome bonus is worth $1,845.

Ink Business Preferred can be a great option for business owners who want to benefit from a generous welcome bonus but may not meet the higher spending requirements of other cards. Business owners may also appreciate that Ink Business Preferred offers 3 points per dollar spent on the first $150,000 in combined purchases of travel, shipping and advertising (i.e. with social media sites and search engines) and Internet services, cable and telephone each year of account anniversary. . For more details, see our Ink Business Preferred Credit Card Review.

Official app link: Ink Business Preferred Credit Card

For Amex Platinum rates and fees, click here.
For Amex Gold rates and fees, click here.