UPDATE: 19 MARCH 2024
- Turkish Miles&Smiles: 1.4 cents → 1.1 cents (for award devaluation)
- Alaska Mileage Plan: 1.4 cents → 1 cent (for award devaluation)
- Standard Chartered: 0.6 cents → 0.5 cents (for the removal of many transfer partners)
These valuations are solely my point of view after evaluating my utilization pattern, as a Singapore-based traveller. For that reason, I am only able to share valuations of the Miles and Points from loyalty programs that I am actively enrolled in.
These figures are most useful to newbies who would like to have a rough idea of what their miles/points are worth. Travellers are advised to have their own Miles/Points valuation, based on their own travel patterns.
Related: What Type of Traveller are you? Is your Travel Pattern a Good Fit for the Miles Game?
Airline Frequent Flyer Programs
| Frequent Flyer Program | Value per Mile (in USD) |
|---|---|
| EVA Air Infinity MileageLands | 1.4 cents |
| Qatar Airways Privilege Club British Airways Executive Club | 1.4 cents |
| Air Canada Aeroplan | 1.3 cents |
| Singapore Airlines KrisFlyer | 1.2 cents |
| Cathay Pacific Asia Miles | 1.2 cents |
| KLM/Air France Flying Blue | 1.2 cents |
| Turkish Airlines Miles&Smiles | 1.1 cents |
| Alaska Airlines Mileage Plan | 1 cent |
| Etihad Guest | 1 cent |
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Hotel Loyalty Programs
| Hotel Loyalty Program | Value per Point (in USD) |
|---|---|
| Marriott Bonvoy | 0.6 cents |
| World of Hyatt | 1.5 cents |
| IHG One Rewards | 0.5 cents |
| Hilton Honors | 0.3 cents |
| Accor Live Limitless | 2.0 cents (EUR) |
Credit Cards
Not all credit card miles are equal, as they come with different levels of flexibility (i.e. expiry terms and transfer partners).
Click here to view the list of transfer partners of each bank.
| Bank | Conversion Ratio | Value per Bank mile/point (in USD) |
|---|---|---|
| DBS Points | 1 point ↓ 2 miles | 2.4 cents |
| UOB UNI$ | 1 UNI$ ↓ 2 miles | 2.4 cents |
| Citibank Thank You Points | 2.5 points ↓ 1 mile | 0.6 cents |
| Citibank Miles | 1 mile ↓ 1 mile | 1.4 cents |
| HSBC Rewards Points (TravelOne card) | 2.5 points ↓ 1 mile | 0.6 cents |
| HSBC Rewards Points (Revolution card) | 2.5 points ↓ 1 mile | 0.5 cents |
| Standard Chartered Rewards Points | 2.5 points ↓ 1 mile | 0.5 cents |
| OCBC OCBC$ | 2.5 OCBC$ ↓ 1 mile | 0.5 cents |
| OCBC OCBC Travel$ | 1 Travel$ ↓ 1 mile | 1.2 cents |
I have created a Google Sheet to help you calculate the values of your own miles and points. Click here to get a free copy of it.
Hi, how would you value OCBC Voyage Miles?
Hi Richard, I would value OCBC Voyage Miles the same as OCBC Travel$ and Krisflyer miles as OCBC still only has 1 transfer partner.
Asia Miles now can no longer waitlist cathay. Is that considered devalued and less attractive than krisflyer
To be honest, I’ve never seen any value in the waitlisting “feature”. I prefer to lock in my award reservation immediately instead of waiting up to 2 weeks before my intended trip for a waitlist to clear.
I will monitor Cathay’s award availability when they start flying to more destinations and will update my valuation if needed. 🙂
For now, Cathay’s increasing fuel surcharge on award bookings is a better reason for a devaluation of Asia Miles.