What are factors and miles value? TPG’s October 2022 month-to-month valuations
Editor’s be aware: It is a recurring publish, often up to date with new info and gives.
One of many questions I’m typically requested is, “How a lot is a degree or mile value?”
The true reply varies from level to level and individual to individual and is determined by your journey objectives and the way properly you may maximize a specific loyalty foreign money. Nonetheless, some rewards are clearly value greater than others — my objective is to provide you a way of how they stack up.
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Traditionally, TPG has valued factors and miles primarily based on a mix of the worth at which we might buy the miles, award prices in this system (factoring in availability and costs) and our personal experience within the inside workings of the applications. Nevertheless, we’re within the technique of evolving our valuations to turn out to be as data-driven as potential.
Searching for a handy technique to see your entire factors and miles in a single place? Obtain the free TPG App!
That data-driven course of started final November with our 4 main transferable currencies — American Categorical Membership Rewards factors, Chase Final Rewards factors, Citi ThankYou Rewards factors and Capital One miles. Now, we’re utilizing a mathematical mannequin that takes under consideration various elements particular to transferable factors, together with:
- Distinctive switch companions (not shared by different card issuers).
- Probably the most precious particular person companions in this system.
- The bottom redemption worth once you redeem factors or miles immediately for journey.
Primarily based on this rollout, we are actually rounding the valuations for our bank card currencies to the closest five-hundredths of a degree with a view to higher seize the real-world worth they provide cardholders. We totally anticipate these numbers to fluctuate over time as we refine our equations and roll out further data-backed resort and airline valuations within the coming months.
Likewise, we moved three airline currencies — American AAdvantage, Delta SkyMiles and United MileagePlus miles — to a data-backed mannequin final December. Nevertheless, we’ve put these valuations on pause whereas we work out a difficulty with our information supplier. We’re excited to have data-backed valuations up to date later this yr.
Word: These valuations aren’t offered by card issuers.
Factors and miles valuations
* Calculated utilizing TPG’s revamped data-backed valuations methodology, launched in December 2021.
Factors and miles information
As you may see within the desk above, it hasn’t been quiet within the factors and miles house not too long ago.
In large information for Delta loyalists, Delta not too long ago made vital adjustments to the way you earn Medallion standing and the advantages of attaining top-tier standing. Specifically, Delta is elevating the Medallion Qualification {Dollars} thresholds by 33% for all tiers excluding Silver Medallion for 2024 standing. And starting Feb. 1, 2023, Delta will roll out six new Alternative Advantages choices.
American Airways and British Airways launched reciprocal improve certificates, that means AAdvantage loyalists can now use systemwide upgrades on some British Airways flights. And Flying Blue introduced a brand new set of Promo Rewards that embody some U.S. cities.
In the meantime, Aeroplan unveiled a brand new, doubtlessly high-value redemption possibility within the type of HotelSavers. Better of all, Aeroplan says it has hidden some candy spot redemptions inside its HotelSavers choices. Aeroplan elites and premium credit score cardholders may benefit from a standing match alternative with Avis.
On the resort facet, IHG One Rewards introduced a brand new bonus factors promotion and Marriott Bonvoy launched its Week of Wonders.
And sadly, cardholders nonetheless cannot switch Capital One miles to any of Capital One’s switch companions.
Information-backed valuations replace
As famous within the introduction, we moved to data-backed valuations for 3 main airline applications — American AAdvantage, Delta SkyMiles and United MileagePlus — final yr. Nevertheless, we’ve run into a difficulty with our information supplier that’s prompted us to place data-backed valuations on maintain. What you see now are valuations calculated for March, however we plan to publish up-to-date valuations for these three airways quickly.
Journey bank card gives
There isn’t a scarcity of unimaginable new welcome bonuses on many common playing cards — listed below are a number of of our favorites this month.
Capital One Enterprise X Rewards Credit score Card
Towards the tip of 2021, Capital One launched its first premium rewards card, and it is without doubt one of the most fun journey bank cards available on the market, due to nice incomes charges and included perks.
The cardboard is at present providing a welcome bonus of 75,000 bonus miles once you spend $4,000 on purchases within the first three months from account opening, value $1,388 in line with our valuations, due to Capital One’s wonderful airline and resort switch companions.
For extra particulars, take a look at our full assessment of the Capital One Enterprise X Rewards Credit score Card.
Official software: Capital One Enterprise X Rewards Credit score Card
Capital One Enterprise Rewards Credit score Card
The usual Capital One Enterprise Rewards Credit score Card is at present providing the identical welcome bonus because the Enterprise X. You possibly can earn 75,000 bonus miles when you spend $4,000 on purchases inside the first three months from account opening. Just like the Enterprise X, the Enterprise card earns 2 miles per greenback on the whole lot.
For extra particulars, take a look at our full assessment of the Capital One Enterprise Rewards Credit score Card.
Official software: Capital One Enterprise Rewards Credit score Card
The Platinum Card® from American Categorical
With the present welcome provide on the Amex Platinum, you’ll earn 100,000 factors after you spend $6,000 on purchases within the first six months of cardmembership.
In fact, the cardboard is jam-packed with advantages like airport lounge entry, resort elite standing and extra. These advantages could make your journey expertise smoother and extra luxurious than ever earlier than — particularly with the latest additions. The cardboard has a $695 annual charge (see charges and costs). Enrollment is required for choose advantages.
For extra particulars, take a look at our full assessment of the Amex Platinum Card.
Official software: The Platinum Card from American Categorical
American Categorical® Gold Card
One of the common playing cards with TPG staffers through the pandemic, the Amex Gold gives 60,000 Membership Rewards factors after spending $4,000 on eligible purchases in your new card inside the first six months of cardmembership. This welcome provide is value $1,200 primarily based on our valuations, however you should definitely test the CardMatch instrument to see when you’re focused for a fair increased provide (provide is topic to alter at any time).
The cardboard is nice for a lot of on a regular basis purchases. You’ll earn 4 factors per greenback at U.S. supermarkets (on as much as $25,000 in purchases per calendar yr, then 1 level per greenback) and 4 factors per greenback on eating at eating places. The cardboard has a $250 annual charge (see charges and costs).
For extra particulars, take a look at our full assessment of the Amex Gold Card.
Official software: American Categorical Gold Card
The Enterprise Platinum Card® from American Categorical
The Enterprise Platinum Card gives 120,000 Membership Rewards factors after you spend $15,000 on eligible purchases together with your card within the first three months of cardmembership. Per our valuations, this welcome provide is value not less than $2,400, however you will get much more worth when redeeming for high-end airfare.
The cardboard additionally gives a slew of further perks just like (however barely totally different from) the non-public model — you may examine the 2 playing cards on this information to see which one could be a greater match in your pockets.
For extra particulars, take a look at our full assessment of the Amex Enterprise Platinum Card.
Official software: The Enterprise Platinum Card from American Categorical
Citi Premier® Card
The Citi Premier Card is a superb selection for frequent vacationers, highway trippers and foodies alike. The cardboard earns 3 Citi ThankYou factors per greenback spent at eating places, supermarkets and gasoline stations, and on air journey and accommodations. You possibly can switch these factors to top-notch switch companions like Avianca LifeMiles, Turkish Airways Miles&Smiles and others.
The cardboard is at present providing a welcome bonus of 80,000 ThankYou factors after you spend $4,000 on purchases inside the first three months of account opening.
For extra particulars, take a look at our full assessment of the Citi Premier Card.
Official software: Citi Premier Card
Associated: 4 causes the Citi Premier Card needs to be in your shortlist
Airline bank cards
Airline bank cards allow you to earn airline miles and provide you with perks with their respective airways, like free checked luggage.
Proper now, the Alaska Airways Visa® Enterprise card is providing a heightened bonus of 70,000 bonus miles after you spend $4,000 within the first 90 days of account opening. Moreover, you’ll take pleasure in Alaska’s Companion Fare, which helps you to convey one other passenger on eligible paid itineraries from simply $121 ($99 fare plus taxes and costs from simply $22) with this provide.
Moreover, the Alaska Airways Visa Signature bank card gives 50,000 bonus miles plus Alaska’s Companion Fare from $121 ($99 fare plus taxes and costs from $22). To qualify, you could make $2,000 or extra in purchases inside the first 90 days of opening your account.
And when you’re trying to earn American Airways miles, take a look at the next playing cards and their present gives:
Associated: The perfect airline bank cards
Resort bank cards
The portfolio of IHG Rewards bank cards underwent main upgrades earlier this yr, and there are at present some strong gives obtainable:
All of those new gives put you in a fantastic place to earn a ton of bonus factors or miles as you get able to journey once more, and there could also be extra to return. If you happen to haven’t already, ensure to enroll in our each day e-newsletter to remain within the loop on the largest journey information of the day.
For charges and costs of the Amex Gold Card, click on right here.
For charges and costs of the Amex Platinum Card, click on right here.
Further reporting by Andrew Kunesh and Benji Stawski.
That is The Factors Man’s everlasting web page for probably the most up-to-date valuations, so you may bookmark it and test again every month for updates.
