Points & Miles Valuation Reference

Published valuations by program

Read across a row rather than down to a single answer. Where a publisher does not value a program, the cell shows a dash — we do not fill gaps by estimating. Spread is the gap between the highest and lowest published figure, as a percentage of the lowest. The widest in the table is Marriott Bonvoy at 29% — 0.70¢ against 0.90¢ for the same points, priced within weeks of each other.

Last reviewed: July 2026

Who published these figures

The methodology is printed here because it is the explanation for the spread, not a footnote to it. These publishers are not measuring the same thing and then getting different answers — they are measuring different things.

Methodology

spread = (highest published figure − lowest published figure) ÷ lowest published figure × 100

PointCents publishes no valuation of its own. Every number in the table above is a third-party figure, reproduced as published, attributed by name, and dated. The only arithmetic this page performs is on those figures: the lowest, the highest, and the gap between them.

The rules this page follows

• Every publisher's figure is shown separately, with a name and a date. No figure appears on this site without both.
• The publishers are never averaged. A mean of a documented-sample median and a partly-editorial estimate manufactures a precision that does not exist. The helper behind this page (lib/valuations.js) exposes no mean at all, and a check asserts that it never gains one.
• A program needs at least two publishers to appear. One figure is a quotation, not a range, and a range is the entire point of the page. This is why programs that only one source values — Qantas, Aeroméxico, Korean Air SKYPASS, Flying Blue, Choice Privileges, Wyndham — are absent rather than listed with a single number.
• Verdicts are relative to the range, not to a point. A redemption reads as above every published baseline, within the published range, or below every published baseline. Three states, not two, because “beats the baseline” would require a single baseline this page argues does not exist.
• Figures are reproduced, never adjusted. Where a publisher rounds to one decimal and another to two, both are shown as they were published. Nothing is normalised, re-based, or corrected toward the others.

What it takes to be listed as a publisher

A source is included only if it publishes a per-program cents-per-point figure, states a methodology, carries an identifiable as-of date, is free to read, and is not the loyalty program's own marketing. A source that stops meeting any of these is dropped, and the drop is recorded in the decision log.

One source was researched and excluded on those grounds. NerdWallet publishes a well-documented valuation set — the median of a sample of 10 domestic and 10 international main-cabin routes, priced at 15, 60, 90 and 180 days out — and on method it is the most reproducible of any we looked at. But its per-program figures are served from a table we could not read as published text, and the individual program pages that do state a figure in prose carry no as-of date and did not agree with each other on American AAdvantage. Rather than transcribe numbers we could not pin to a date, it is left out until the figures can be verified against a dated source. The omission is deliberate and is logged; the criteria above do not bend for a publisher we would have liked to include.

What this page does not do

• It does not tell you what your points are worth to you. A published valuation is an average over other people's redemptions. Yours is whatever your own booking returns, which is what the cents-per-point calculator is for.
• It does not price award availability. A currency valued at 1.5¢ is worth nothing on a route where no award seat is ever released. Every figure here assumes a bookable redemption existed.
• It does not survive a devaluation. Programs re-price award charts without notice, and every published valuation is stale from that moment until its publisher next refreshes. The as-of dates are on this page so you can judge that risk yourself.
• It does not recommend a credit card.No rankings, no “best card” verdicts, no application or affiliate links, here or anywhere on this site. Two of the three publishers above earn money from card referrals; that is not a reason to distrust their arithmetic, and it is a reason we show all three side by side.

Sources

• The Points Guy — points and miles valuations. Figures as published 1 July 2026.
• CardRatings — points and miles valuations. Figures as published 10 June 2026.
• Upgraded Points — points and miles valuations. Figures as published 1 July 2026.

Each of the three is registered in docs/facts-registry.json with a change signal naming when that publisher typically refreshes, so an automated monthly review re-reads all three and reports drift against what is shown here.

Last reviewed: July 2026