Values of Miles and Points in 2024

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UPDATE: 19 MARCH 2024

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)
Value
per Mile
(in SGD)
EVA Air
Infinity
MileageLands
1.4 cents1.9 cents
Qatar Airways
Privilege Club
Finnair
Plus
British Airways
Executive Club
1.4 cents1.9 cents
Air Canada
Aeroplan
1.3 cents1.8 cents
Singapore Airlines
KrisFlyer
1.2 cents1.6 cents
Cathay Pacific
Asia Miles
1.2 cents1.6 cents
KLM/Air France
Flying Blue
1.2 cents1.6 cents
Turkish Airlines
Miles&Smiles
1.1 cents1.5 cents
Alaska Airlines
Mileage Plan
1 cent1.4 cents
Etihad
Guest
1 cent1.4 cents
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Hotel Loyalty Programs

Hotel Loyalty
Program
Value
per Point
(in USD)
Value
per Point
(in SGD)
Marriott Bonvoy0.6 cents0.8 cents
World of Hyatt1.5 cents2 cents
IHG One Rewards0.5 cents0.7 cents
Hilton Honors0.3 cents0.4 cents
Accor
Live Limitless
2.0 cents
(EUR)
2.9 cents
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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.

BankConversion
Ratio
Value per
Bank
Mile/Point
(in USD)
Value per
Bank
Mile/Point
(in SGD)
DBS
Points
1 point

2 miles
2.4 cents3.3 cents
UOB
UNI$
1 UNI$

2 miles
2.4 cents3.3 cents
Citibank
Thank You
Points
2.5 points

1 mile
0.6 cents0.8 cents
Citibank
Miles
1 mile

1 mile
1.4 cents1.9 cents
HSBC
Rewards Points
2.5 points

1 mile
0.6 cents0.8 cents
Standard
Chartered
Rewards Points
2.5 points

1 mile
0.5 cents0.7 cents
OCBC
OCBC$
2.5 OCBC$

1 mile
0.5 cents0.7 cents
OCBC
OCBC Travel$
1 Travel$

1 mile
1.2 cents1.6 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.

4 thoughts on “Values of Miles and Points in 2024”

    • Hi Richard, I would value OCBC Voyage Miles the same as OCBC Travel$ and Krisflyer miles as OCBC still only has 1 transfer partner.

      Reply
    • 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.

      Reply

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