What are points and miles worth? TPG’s June 2026 monthly valuations
One of the questions people often ask us is, “How much is a point or mile worth?”The true answer varies from point to point and person to person. It also depends on your travel goals and how much you maximize a particular loyalty currency. Still, some rewards are worth more than others, and our goal is to give you a sense of how they stack up.Historically, TPG has valued points and miles based on a combination of factors: the price at which we would purchase the points or miles, award costs in the program (factoring in availability and fees), and our expertise in the program’s inner workings. However, we now also utilize extensive data for seven U.S. airline loyalty programs and five hotel loyalty programs to more accurately estimate the value you should aim to achieve from your rewards.What are credit card points and miles worth?ProgramJune 2026 valuation (cents)Latest newsAmerican Express Membership Rewards2.0Fanatics will <a href=”https://thepointsguy.com/news/american-express-fanatics-partnership-credit-card/” target=”_blank” rel=”noopener”>become an Amex Membership Rewards transfer partner</a> and launch a new credit card.
<p>If you picked Spirit for your Amex airline benefits, <a target=”_blank” href=”https://thepointsguy.com/news/amex-airline-benefit-spirit/”>here’s how to update your selection</a> after the <a href=”https://thepointsguy.com/news/spirit-airlines-liquidation-concerns-what-to-know/” target=”_blank” rel=”noopener”>airline’s shutdown</a>.</p>
<p>Amex <a target=”_blank” href=”https://thepointsguy.com/news/american-express-business-chat-gpt-credits-launch/”>added ChatGPT statement credits</a> for select business cardholders.</p>Capital One1.85Chase Ultimate Rewards2.05A <a href=”https://thepointsguy.com/credit-cards/price-match-chase-travel/” target=”_blank” rel=”noopener”>new price-matching feature</a> is now available in some Chase Travel accounts.Citi ThankYou Rewards1.9Citi <a href=”https://thepointsguy.com/news/citi-ending-thankyou-points-sharing-may-2026/” target=”_blank” rel=”noopener”>ended ThankYou Points Sharing</a>.Wells Fargo Rewards1.75What are Bilt Points worth?ProgramJune 2026 valuation (cents)Latest newsBilt2.2Air France-KLM cardholders can now <a target=”_blank” href=”https://thepointsguy.com/news/earn-flying-blue-miles-bilt-rent-payments/”>earn 3 miles per dollar on rent payments through Bilt</a>.What are airline points and miles worth?ProgramJune 2026 valuation (cents)Latest newsAeromexico Rewards0.8Air Canada Aeroplan1.4Air Canada <a target=”_blank” href=”https://thepointsguy.com/news/air-canada-cuts-us-summer-routes-jet-fuel/”>suspended several seasonal U.S. routes</a> due to fuel costs. Aeroplan <a target=”_blank” href=”https://thepointsguy.com/news/rove-miles-adds-aeroplan/”>added Rove as a new transfer partner</a>.Alaska Airlines Atmos Rewards1.4*American Airlines AAdvantage1.6*ANA Mileage Club1.4Avianca Lifemiles1.4Avios1.4British Airways <a target=”_blank” href=”https://thepointsguy.com/news/british-airways-award-ticket-fee-hike/”>has increased fees on award tickets</a>.Cathay Asia Miles1.3Delta SkyMiles1.2*You can <a target=”_blank” href=”https://thepointsguy.com/news/free-snacks-delta-air-lines-cardholder/”>get free snacks on some flights</a> if you are a Delta Air Lines cardholder.Emirates Skywards1.2Etihad Guest1.2Flying Blue1.3Frontier Miles1.3*JetBlue TrueBlue1.35*JetBlue and United <a target=”_blank” href=”https://thepointsguy.com/news/united-jetblue-blue-sky-partnership-update/”>are expanding the Blue Sky partnership</a> with new reciprocal elite perks. JetBlue trimmed 12 routes and <a target=”_blank” href=”https://thepointsguy.com/news/jetblue-route-cuts-ends-manchester-service-fort-lauderdale-focus/”>ended service to Manchester</a> to focus on Fort Lauderdale.Qantas Frequent Flyer1.3Singapore KrisFlyer1.3Southwest Rapid Rewards1.25*Southwest Airlines <a target=”_blank” href=”https://thepointsguy.com/news/southwest-airlines-more-flights-las-vegas-orlando-spirit-airlines-gap/”>moved to fill Spirit’s gap</a> in Las Vegas and Orlando.Turkish Airlines Miles&Smiles1.1United MileagePlus1.35*United <a target=”_blank” href=”https://thepointsguy.com/news/united-airlines-inaugural-flight-bari-italy/”>debuted flights to lesser-known Puglia</a> ahead of the summer travel rush and will begin <a href=”https://thepointsguy.com/news/united-resumes-service-to-venezuela/” target=”_blank” rel=”noopener”>nonstop service from the US to Venezuela</a> after nearly 10 years.Virgin Atlantic Flying Club1.3*Calculated using TPG’s data-backed valuations methodology launched in September 2023.What are hotel points worth?ProgramJune 2026 valuation (cents)Latest newsAccor Live Limitless2.0Best Western Rewards0.6Choice Privileges0.6Hilton Honors<strong>0.35 (down from 0.4)**</strong>We tested Hilton’s new <a href=”https://thepointsguy.com/hotel/reviews/hilton-elite-status-diamond-reserve-versus-diamond/” target=”_blank” rel=”noopener”>Diamond Reserve versus Diamond status</a>.
<p>Morocco’s <a target=”_blank” href=”https://thepointsguy.com/news/waldorf-astoria-rabat-sale-opening/”>Waldorf Astoria Rabat-Sale</a> is now open.</p>
<p>Hilton is offering <a target=”_blank” href=”https://thepointsguy.com/news/hilton-honors-road-trip-experiences-250-points/”>12 road trip experiences across the U.S.</a> for just 250 Hilton Honors points.</p>IHG One Rewards<strong>0.55 (down from 0.6)**</strong>Marriott Bonvoy0.8**<a href=”https://thepointsguy.com/news/st-regis-costa-mujeres-taking-reservations/” target=”_blank” rel=”noopener”>Reservations are open for The St. Regis Costa Mujeres, Cancun</a>, which debuts June 25. <a href=”https://thepointsguy.com/news/jw-marriott-costa-elena-reservations/” target=”_blank” rel=”noopener”>JW Marriott’s first all-inclusive resort</a> is also now taking reservations.
<p>Italy’s newest <a target=”_blank” href=”https://thepointsguy.com/news/w-hotels-sardinia-poltu-quatu-officially-opens/”>W opened in Sardinia</a> with a private marina and Mediterranean views.</p>World of Hyatt<strong>1.55 (down from 1.65)**</strong>Hyatt’s new award charts have arrived (see the top points and miles news section below for all the details).
<p>The <a href=”https://thepointsguy.com/news/the-standard-brussels-joins-world-of-hyatt/” target=”_blank” rel=”noopener”>Standard Brussels is finally joining World of Hyatt</a>. Here’s <a target=”_blank” href=”https://thepointsguy.com/hotel/reviews/park-hyatt-cabo-del-sol/”>your first look inside the Park Hyatt Cabo Del Sol</a>.</p>Wyndham Rewards<strong>0.7 (up from 0.65)**</strong>**Calculated using data from Gondola (a free hotel search and direct booking platform for frequent travelers).Top points and miles news for JuneThe new World of Hyatt award charts and annual category changes went into effect on May 20.Redemptions are now priced using a five-tier system, a significant departure from the previous three-tier system. With the shift from three pricing tiers to five, the maximum cost for a standard award night at Category 8 properties increased from 45,000 points to a massive 75,000 points.Park Hyatt Kuala Lumpur. ERIC ROSEN/THE POINTS GUYOur initial impressions of the award chart changes showed some pretty drastic increases at higher-end properties, but we also found some properties with milder increases or none at all. In general, the old “Standard” award rates are most closely aligned with the new “Low” price, and most old “Peak” rates seem to be mapping to the new “Moderate” rate. A limited number of nights are now priced at the much higher “Upper” and “Top” rates.However, this is not an exact match across all of Hyatt’s award categories.For example, looking at 19 of the most popular Hyatt properties to redeem points at — most of which are in high award chart categories — data showed that redemption rates rose by about 10% accross properties that didn’t change categories on May 20.Meanwhile, TPG’s Katie Genter conducted a big data analysis of more than 1,000 Hyatt properties worldwide, revealing that although average nightly award rates increased across all categories, the increases ranged from a modest 2% in Category 3 to 12% in Category 8.Overall, we hope you were able to book properties before the May 20 award chart changes. If you weren’t, this was a fairly mild devaluation, and it’s still possible to get great value when redeeming Hyatt points. Based on Gondola data, the value of Hyatt points dropped from 1.65 cents per point to 1.55 cents per point in the June 2026 valuations.Top offers for earning points and miles in JuneJune’s cobranded card offer of the month is for the Citi® / AAdvantage® Globe™ Mastercard® (see rates and fees).For a limited time, new AAdvantage Globe cardholders can earn 90,000 bonus miles after spending $5,000 on purchases in the first four months from account opening. That’s equal to the highest-ever public bonus available on this card.Related: 6 reasons to get the Citi / AAdvantage Globe MastercardNow, here are some of the best welcome offers this month for those seeking a new travel rewards card that earns transferable points or miles.American Express Platinum Card®: Find out your offer and see if you are eligible for as high as 175,000 Membership Rewards points after spending $12,000 on purchases in the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.Chase Sapphire Reserve® (see rates and fees): Earn 150,000 bonus points after you spend $6,000 on purchases in the first three months from account opening.Chase Sapphire Reserve for Business℠ (see rates and fees): Earn 150,000 bonus points after you spend $20,000 on purchases within the first three months from account opening.Capital One Venture X Business: New applicants can earn 150,000 bonus miles after spending $30,000 on purchases in the first three months from account opening.Capital One Venture Rewards Credit Card: New cardholders can earn 75,000 bonus miles after spending $4,000 on purchases within the first three months from account opening.American Express® Gold Card: Find out your offer and see if you are eligible for as high as 100,000 Membership Rewards points after you spend $8,000 on purchases within the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.For rates and fees of the Amex Platinum, click here.For rates and fees of the Amex Gold, click here.Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
