What are factors and miles price? TPG’s November 2025 valuations

One of many questions folks typically ask us is, “How a lot is some extent or mile price?”
The true reply varies from level to level and individual to individual. It additionally will depend on your journey objectives and the way a lot you maximize a specific loyalty forex. Nonetheless, some rewards are price greater than others, and our purpose is to provide you a way of how they stack up.
Traditionally, TPG has valued factors and miles primarily based on a mixture of things: the value at which we’d buy the factors or miles, award prices in this system (factoring in availability and costs), and our experience in this system’s inside workings. Nonetheless, we now make the most of intensive knowledge for the highest seven U.S. airline loyalty packages to extra precisely estimate the worth it’s best to intention to attain out of your rewards. Learn our explainer publish on our data-driven valuations for a full methodology breakdown.
What are bank card factors and miles price?
What are Bilt Rewards Factors price?
What are airline factors and miles price?
| Program | November 2025 valuation (cents) | Newest information |
|---|---|---|
| Aeromexico Rewards | 0.8 | |
| Air Canada Aeroplan | 1.4 | Air Canada made alcohol free on all flights and is focusing on rivals with U.S. flights from Toronto’s downtown airport. |
| Alaska Airways Atmos Rewards | 1.55 (up from 1.5)* | Alaska Airways and Hawaiian Airways’ Companion Fare low cost is now not accessible for stopovers.
Alaska Airways introduced two new cities, 13 new routes and 7 route cuts. |
| American Airways AAdvantage | 1.65 (up from 1.55)* | American Airways is saying goodbye to Barclays, with Citi set to change into the unique bank card associate. Citi and American Airways have launched the brand new Citi® / AAdvantage® Globe™ Mastercard®.
American made a small however attention-grabbing change to its boarding course of. The airline will introduce its swanky new Flagship Suites to its oldest long-haul planes and debut its posh new Airbus A321XLR simply in time for the vacations. After working within the U.S. for a bit, it is going to be used on flights to Scotland. American added 2026 flights with a give attention to weekend getaways. AAdvantage members have a brand new factors possibility for flights inside South America. |
| ANA Mileage Membership | 1.4 | |
| Avianca LifeMiles | 1.4 | |
| Avios | 1.4 | St. Louis lands one other path to Europe as British Airways provides twenty seventh U.S. metropolis. The airline just lately unveiled a brand new Miami lounge. |
| Cathay Asia Miles | 1.3 | |
| Delta SkyMiles | 1.25 (up from 1.2)* | Delta Air Traces will introduce premium check-in areas at two extra hubs by the tip of 2025. The airline launched a brand new service to Marrakech, Morocco; here is what it was like on the inaugural flight.
The airline has opened a brand new 34,000-square-foot Sky Membership in Salt Lake Metropolis and can change into the one U.S. airline to fly to Saudi Arabia. Delta will proceed to function wide-body planes on lengthy flights. The airline additionally unveiled meals by superstar chef José Andrés. |
| Emirates Skywards | 1.2 | |
| Etihad Visitor | 1.2 | |
| Flying Blue | 1.3 | Air France will launch a brand new route from Las Vegas to Paris in 2026. |
| Frontier Miles | 1.25 (up from 1.15)* | Flying Frontier Airways? Now you can redeem miles for seats, baggage and different perks. |
| JetBlue TrueBlue | 1.45* | The United Airways-JetBlue Blue Sky partnership has begun, permitting you to earn and redeem rewards on both airline.
JetBlue reduce considered one of its latest worldwide locations. JetBlue’s latest redemption associate, Condor, is without doubt one of the greatest methods to e book lie-flat seats to Europe. |
| Qantas Frequent Flyer | 1.3 | |
| Singapore KrisFlyer | 1.3 | |
| Southwest Speedy Rewards | 1.4* | We tried Southwest Airways’ new extra-legroom seats. Are they price it?
Southwest added Alaska flights amid a 2025 enlargement spree. Here is why now could be the most effective time to use for Southwest Airways bank cards. Southwest’s first aircraft with a brand new, fashionable cabin debuted final month. The airline additionally launched a brand new debit card that earns factors. |
| Spirit Airways Free Spirit | 1.1 | Spirit Airways is in chapter: Here is what customers ought to find out about reserving flights because the airline confirmed merger talks and outlined its postbankruptcy plan.
Spirit Airways is slashing its fleet, set to eradicate greater than 100 planes in its newest chapter cuts. |
| Turkish Airways Miles&Smiles | 1.2 | |
| United MileagePlus | 1.4 (up from 1.3)* | United Airways unveiled 4 new locations and added six new routes for summer season 2026. The airline’s 10-destination Chicago enlargement has dealt a blow to American Airways.
Air Canada and United debuted Apple’s revamped digital boarding passes. Register now for United’s newest Mile Play promotion. |
| Virgin Atlantic Flying Membership | 1.3 |
*Calculated utilizing TPG’s data-backed valuations methodology launched in September 2023.
What are resort factors price?
Prime factors and miles information
Nonetheless, early evaluation by TPG reveals that redemption pricing is usually excessive by means of the associate program.
On the time of publication, TrueBlue members may e book flights operated by JetBlue from as little as 1,800 TrueBlue factors from Orlando Worldwide Airport (MCO) to Newark Liberty Worldwide Airport (EWR). In distinction, flights operated by United on the identical route (and even the identical day) begin at 36,900 TrueBlue factors.
If you happen to select to redeem United miles, it is a greater deal on this path to fly United for simply 7,700 MileagePlus miles, in contrast with paying 20,000 MileagePlus miles for JetBlue-operated flights.
Additionally notice that the JetBlue TrueBlue program prices greater charges for United-operated flights booked near departure in contrast with reserving nicely upfront.
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The Blue Sky alliance provides flexibility and novelty, however, not less than for now, would not ship particularly sturdy redemption worth by means of associate bookings. The place you’ll be able to switch bank card rewards to JetBlue or United, you will possible get the most effective charges by transferring to the loyalty program of the working airline.
Deal alert: Factors and miles journey offers for November 2025
Prime provides for incomes factors and miles in November
Listed below are a few of the different greatest choices this month should you’re on the lookout for a brand new journey rewards card that earns transferable factors or miles.
American Categorical Platinum Card
Discover out your supply on the American Categorical Platinum Card and see in case you are eligible for as excessive as 175,000 Membership Rewards factors after spending $8,000 on purchases within the first six months of card membership. Welcome provides range, and also you will not be eligible for a suggestion.
There are a bunch of recent advantages for the just lately refreshed Platinum Card, together with the next new assertion credit:
- As much as a $75 quarterly Lululemon assertion credit score for purchases made at U.S. shops (excluding shops) and on-line**
- As much as a $200 annual Oura Ring assertion credit score (for {hardware} purchases solely; not for memberships)**
- As much as a $100 quarterly assertion credit score for U.S. Resy restaurant purchases**
- As much as a $120 annual assertion credit score for Uber One membership (topic to auto-renewal)**
The cardboard’s resort assertion credit score elevated to as much as $300 biannually (each six months) once you e book pay as you go American Categorical Positive Lodges + Resorts or The Lodge Assortment stays by way of American Categorical Journey®, and the digital leisure assertion credit score has been raised to as much as $25 per thirty days, with Paramount+, YouTube Premium and YouTube TV added.**
**Enrollment is required.
The annual price is now $895 (see charges and costs). To study extra about all of the modifications, together with new resort standing and eating perks, try our full assessment of the American Categorical Platinum Card.
Official utility hyperlink: American Categorical Platinum Card
Chase Sapphire Reserve
The Chase Sapphire Reserve® (see charges and costs) at present provides 125,000 bonus factors after you spend $6,000 on purchases within the first three months from account opening.
The just lately refreshed card has up to date incomes charges, together with 8 factors per greenback spent on purchases made by means of Chase Journey℠ (together with The Edit resort bookings), 4 factors per greenback spent on flights booked straight and 4 factors per greenback spent on motels booked straight.
The brand new annual price is $795, however cardholders will rise up to $500 in assertion credit for resort bookings made with The Edit every calendar 12 months (as much as $250 in credit biannually on pay as you go bookings with The Edit of two or extra nights), as much as $300 in assertion credit every calendar 12 months for eating at eating places which might be a part of Sapphire Reserve Unique Tables (as much as $150 in credit biannually) and extra.
Try our Chase Sapphire Reserve card assessment to study extra.
Official utility hyperlink: Chase Sapphire Reserve

Chase Sapphire Reserve for Enterprise
Chase just lately unveiled a brand-new enterprise card, the Chase Sapphire Reserve for Enterprise℠ (see charges and costs). This card has a large welcome supply of 200,000 bonus factors after you spend $30,000 on purchases within the first six months from account opening.
This product earns 8 factors per greenback spent on purchases by means of Chase Journey (together with The Edit), 4 factors per greenback spent on flights and motels booked straight, and three factors per greenback spent on social media and search engine promoting. It comes with a number of versatile assertion credit however has an annual price of $795.
See our Chase Sapphire Reserve for Enterprise card assessment for extra info.
Official utility hyperlink: Chase Sapphire Reserve for Enterprise
Capital One Enterprise X Rewards Credit score Card
The Capital One Enterprise X Rewards Credit score Card is a compelling possibility attributable to its nice incomes charges and included perks. The cardboard at present has a welcome supply of 75,000 bonus miles after you spend $4,000 on purchases throughout the first three months from account opening.
You will earn not less than 2 miles per greenback spent on purchases and get entry to varied helpful advantages, together with a $300 annual credit score for bookings by means of Capital One Journey, 10,000 bonus miles every account anniversary and complimentary entry to Capital One airport lounges.
Try our Capital One Enterprise X Rewards card assessment 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 provides 75,000 bonus miles after you spend $4,000 on purchases throughout the first three months from account opening. The annual price for the Capital One Enterprise card is $95 — an inexpensive quantity for a card with such a beneficiant welcome supply.
See our Capital One Enterprise Rewards card assessment for extra particulars.
Be taught extra: Capital One Enterprise Rewards Credit score Card
American Categorical Gold Card
One of the crucial common playing cards with TPG staffers, the American Categorical® Gold Card lets new cardholders discover out their supply and see if they’re eligible for as excessive as 100,000 Membership Rewards factors after they spend $6,000 on purchases throughout the first six months of card membership. Welcome provides range, and also you will not be eligible for a suggestion.
The American Categorical Gold Card is nice for a lot of on a regular basis purchases. You will earn 4 factors per greenback spent on groceries at U.S. supermarkets (on as much as $25,000 in purchases per calendar 12 months, then 1 level per greenback spent) and 4 factors per greenback spent at eating places worldwide (on as much as $50,000 in purchases per calendar 12 months, then 1 level per greenback spent).
The cardboard has a $325 annual price (see charges and costs), so try our Amex Gold assessment to find out whether or not it is a good match.
Official utility hyperlink: American Categorical Gold Card
For charges and costs of the Amex Platinum, click on right here.
For charges and costs of the Amex Gold, click on right here.
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