{"id":4590,"date":"2023-10-11T22:34:17","date_gmt":"2023-10-11T22:34:17","guid":{"rendered":"https:\/\/mer.tours\/what-are-points-and-miles-worth-tpgs-october-2023-monthly-valuations\/"},"modified":"2023-10-11T22:34:17","modified_gmt":"2023-10-11T22:34:17","slug":"what-are-points-and-miles-worth-tpgs-october-2023-monthly-valuations","status":"publish","type":"post","link":"https:\/\/travelaffiliatewebsite.com\/mer\/what-are-points-and-miles-worth-tpgs-october-2023-monthly-valuations\/","title":{"rendered":"What are points and miles worth? TPG\u2019s October 2023 monthly valuations"},"content":{"rendered":"

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One of the questions people often ask me is, “How much is a point or mile worth?”<\/p>\n

The true answer varies from point to point and person to person. It also depends on your travel goals and how well you can maximize a particular loyalty currency. Still, some rewards are clearly worth more than others, and my goal is to give you a sense of how they stack up.<\/p>\n

Historically, TPG has valued points and miles based on<\/a> a combination of the price at which we would purchase the miles<\/a>, award costs in the program (factoring in availability and fees) and our own expertise in the inner workings of the programs.<\/p>\n

However, we have now launched a new, data-driven methodology for the top six U.S. airline loyalty programs, and we’ve also tweaked our approach to valuing the major transferable credit card currencies.<\/p>\n

You can read our full breakdown of this methodology in our explainer post<\/a>, but we’ve utilized more than 23,000 data points on flights around the world to better estimate the value that you should aim to get from your rewards with Alaska Airlines, American Airlines, Delta Air Lines, JetBlue, Southwest Airlines and United Airlines.<\/p>\n

The most recent tranche of data shows consistency with these numbers \u2014 though we’ll be sure to update in future months when they do change.<\/p>\n

Looking for a convenient way to see all of your points and miles in one place? Download the free TPG app<\/a>!<\/strong><\/p>\n

Note: These valuations are not provided by card issuers.<\/em><\/p>\n

<\/p>\n

What are credit card points\/Miles worth?<\/h2>\n
\n
\n\n\n\n\n\n\n\n\n\n
Program<\/strong><\/th>\nOctober 2023 (Cents)<\/strong><\/th>\nLatest news<\/strong><\/th>\n<\/tr>\n<\/thead>\n
American Express Membership Rewards<\/strong><\/td>\n2.0<\/td>\nNew details on the upcoming Centurioun Lounge<\/a> at Newark Airport; launched promotion for 5 bonus points per dollar<\/a> spent on rental cars with National Car Rental<\/td>\n<\/tr>\n
Bilt Rewards<\/strong><\/td>\n2.05<\/td>\n<\/tr>\n
Capital One<\/strong><\/td>\n1.85<\/td>\nPromotion to earn 2,500 miles by booking a reservation<\/a> on Capital One Dining.<\/td>\n<\/tr>\n
Chase Ultimate Rewards<\/strong><\/td>\n2.05<\/td>\n<\/tr>\n
Citi ThankYou Rewards<\/strong><\/td>\n1.8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

<\/p>\n

What are airline miles worth?<\/h2>\n

* Calculated using TPG’s revamped data-backed valuations methodology<\/a>, launched in September 2023.<\/em><\/p>\n

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<\/p>\n

What are hotel points worth?<\/h2>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
Program<\/strong><\/th>\nOctober 2023 (Cents)<\/strong><\/th>\nLatest news<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Accor Live Limitless<\/strong><\/td>\n2.0<\/td>\n<\/tr>\n
Best Western Rewards<\/strong><\/td>\n0.6<\/td>\n<\/tr>\n
Choice Privileges<\/strong><\/td>\n0.6<\/td>\n<\/tr>\n
Hilton Honors<\/strong><\/td>\n0.6<\/td>\nConrad Orlando at Evermore now accepting reservations from Feb. 2024<\/td>\n<\/tr>\n
IHG One Rewards<\/strong><\/td>\n0.5<\/td>\n<\/tr>\n
Marriott Bonvoy<\/strong><\/td>\n0.84<\/td>\nLaunched its 33rd hotel brand<\/a>, Four Points Express<\/td>\n<\/tr>\n
World of Hyatt<\/strong><\/td>\n1.7<\/td>\nKicked off newest Bonus Journeys promotion<\/a> for stays this fall; launched new vacation booking platform<\/a> to compete with the likes of Airbnb<\/td>\n<\/tr>\n
Wyndham Rewards<\/strong><\/td>\n1.1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

<\/p>\n

Points and miles news<\/h2>\n

The last month was dominated by significant and unwelcome announcements from Delta, with changes to how top-tier status is earned<\/a> along with who can access Sky Clubs<\/a> via premium credit cards.<\/p>\n

To summarize, beginning on Jan. 1, 2024, qualification is solely based on Medallion Qualification Dollars (MQDs). You’ll need to earn the following number of MQDs to enjoy Medallion status for the 2025 program year \u2014 which runs through Jan. 31, 2026.<\/p>\n

\n
\n\n\n\n\n\n\n\n
Silver Medallion<\/strong><\/th>\n6,000 MQDs<\/th>\n<\/tr>\n<\/thead>\n
Gold Medallion<\/strong><\/td>\n12,000 MQDs<\/td>\n<\/tr>\n
Platinum Medallion<\/strong><\/td>\n18,000 MQDs<\/td>\n<\/tr>\n
Diamond Medallion<\/strong><\/td>\n35,000 MQDs<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Across the board, these thresholds are some of the highest for any U.S. airline, especially for top-tier Diamond status, which will soon require a whopping 35,000 MQDs annually.<\/p>\n

Also, beginning on Feb. 1, 2025, Delta will limit how many times you can visit a Sky Club each program year.<\/p>\n

Additionally, those with the Delta SkyMiles\u00ae Platinum American Express Card<\/a> and the Delta SkyMiles\u00ae Platinum Business American Express Card<\/a> will no longer enjoy any access to the Sky Club.<\/p>\n

These announcements caused immediate outrage across the industry, with TPG staff<\/a> and readers reconsidering<\/a> their loyalty to the Atlanta-based carrier. Even Delta seemed caught off guard at the backlash, with CEO Ed Bastian quickly announcing it may reconsider some of the changes<\/a>.<\/p>\n

Watch this space for the future of Delta loyalty.<\/p>\n

In the credit card world, a major overhaul was announced on the American Express\u00ae Business Gold Card<\/a><\/span>, as it gained a variety of new perks<\/a> that kicked in immediately for both new and existing cardholders. It’s also losing a couple of perks as of Feb. 1, 2024 \u2014 perhaps most notably the Pay with Points rebate<\/a> for select flights booked through American Express Travel. However, you can still apply today and enjoy the full suite of benefits at the current $295 annual fee, which will climb to $375 for applications received on or after Feb. 1, 2024 (as well as for existing cardmember renewals on or after that date; see rates and fees<\/a>).<\/p>\n

In addition, there are a handful of ongoing transfer bonuses<\/a> to be aware of:<\/p>\n