What are factors and miles price? TPG’s October 2023 month-to-month valuations

One of many questions individuals usually ask me is, “How a lot is a degree or mile price?”

The true reply varies from level to level and individual to individual. It additionally is dependent upon your journey objectives and the way properly you may maximize a specific loyalty foreign money. Nonetheless, some rewards are clearly price greater than others, and my aim is to offer you a way of how they stack up.

Traditionally, TPG has valued factors and miles based mostly on a mix of the value at which we’d buy the miles, award prices in this system (factoring in availability and costs) and our personal experience within the inside workings of the applications.

Nonetheless, we’ve now launched a brand new, data-driven methodology for the highest six U.S. airline loyalty applications, and we have additionally tweaked our method to valuing the foremost transferable bank card currencies.

You may learn our full breakdown of this system in our explainer put up, however we have utilized greater than 23,000 knowledge factors on flights all over the world to higher estimate the worth that you need to goal to get out of your rewards with Alaska Airways, American Airways, Delta Air Strains, JetBlue, Southwest Airways and United Airways.

The newest tranche of knowledge reveals consistency with these numbers — although we’ll make sure to replace in future months once they do change.

In search of a handy solution to see your entire factors and miles in a single place? Obtain the free TPG app!

Word: These valuations should not supplied by card issuers.

What are bank card factors/Miles price?

What are airline miles price?

* Calculated utilizing TPG’s revamped data-backed valuations methodology, launched in September 2023.

What are lodge factors price?

Factors and miles information

The final month was dominated by vital and unwelcome bulletins from Delta, with modifications to how top-tier standing is earned together with who can entry Sky Golf equipment through premium bank cards.

To summarize, starting on Jan. 1, 2024, qualification is solely based mostly on Medallion Qualification {Dollars} (MQDs). You will have to earn the next variety of MQDs to get pleasure from Medallion standing for the 2025 program yr — which runs via Jan. 31, 2026.

Throughout the board, these thresholds are among the highest for any U.S. airline, particularly for top-tier Diamond standing, which is able to quickly require a whopping 35,000 MQDs yearly.

Additionally, starting on Feb. 1, 2025, Delta will restrict what number of occasions you may go to a Sky Membership every program yr.

Moreover, these with the Delta SkyMiles® Platinum American Categorical Card and the Delta SkyMiles® Platinum Enterprise American Categorical Card will now not get pleasure from any entry to the Sky Membership.

These bulletins triggered instant outrage throughout the trade, with TPG employees and readers reconsidering their loyalty to the Atlanta-based provider. Even Delta appeared caught off guard on the backlash, with CEO Ed Bastian shortly saying it could rethink among the modifications.

Watch this area for the way forward for Delta loyalty.

Within the bank card world, a significant overhaul was introduced on the American Categorical® Enterprise Gold Card, because it gained quite a lot of new perks that kicked in instantly for each new and present cardholders. It is also dropping a few perks as of Feb. 1, 2024 — maybe most notably the Pay with Factors rebate for choose flights booked via American Categorical Journey. Nonetheless, you may nonetheless apply right this moment and benefit from the full suite of advantages on the present $295 annual price, which is able to climb to $375 for functions acquired on or after Feb. 1, 2024 (in addition to for present cardmember renewals on or after that date; see charges and costs).

As well as, there are a handful of ongoing switch bonuses to concentrate on:

• American Categorical Membership Rewards: 25% switch bonus to JetBlue TrueBlue via Nov. 30
• Chase Final Rewards: 30% switch bonus to Virgin Atlantic Flying Membership via Nov. 15
• Citi ThankYou Rewards: 30% switch bonus to Virgin Atlantic Flying Membership via Oct. 14

Chase additionally launched stable new welcome bonuses on a pair of no-annual-fee enterprise bank cards. New candidates for the Ink Enterprise Money Credit score Card and Ink Enterprise Limitless Credit score Card can earn a $900 bonus after you spend $6,000 on the cardboard inside the first three months after account opening. Nonetheless, when you even have a higher-end Chase card, you may mix your rewards to transform these cash-back factors into extra versatile Final Rewards factors.

Lastly, we noticed some doubtlessly profitable promotions launch for purchasing factors or miles. Particularly, you should buy Hilton factors with as much as a 100% bonus via Nov. 23, dropping the value to only 0.5 cents apiece. As well as, you should buy Alaska miles with as much as a 60% bonus via Oct. 30.

Associated: One of the best bank cards for purchasing factors and miles

Journey bank card gives

Past these developments, there is no such thing as a scarcity of unbelievable new welcome bonuses on many in style playing cards — listed below are just a few of our favorites this month.

Chase Sapphire Most popular Card

Proper now, the Chase Sapphire Most popular Card is providing a welcome bonus of 60,000 bonus factors after you spend $4,000 within the first three months of account opening. Per TPG’s valuation, that is price $1,230 whenever you leverage switch companions or $750 when you redeem via the Chase journey portal at 1.25 cents per level.

The cardboard comes with a manageable $95 annual price, together with quite a lot of journey protections and extra perks — like a $50 annual lodge credit score for reservations made via the Chase journey portal and a ten% anniversary factors bonus based mostly in your earlier yr’s spending.

After all, you might wish to spring for the Chase Sapphire Reserve as an alternative. Whereas the cardboard has a hefty $550 annual price, it consists of perks like Precedence Go lounge entry, an annual $300 journey credit score and a International Entry or TSA PreCheck credit score, amongst different advantages. Plus, you may earn 3 factors per greenback on all journey and eating bills, so you may shortly rack up rewards on your subsequent massive journey.

For extra particulars, try our full evaluate of the Chase Sapphire Most popular card.

Official software hyperlink: Chase Sapphire Most popular

Capital One Enterprise X Rewards Credit score Card

On the upper finish of the spectrum is the Capital One Enterprise X Rewards Credit score Card, one of the vital thrilling 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 whenever you spend $4,000 on purchases within the first three months from account opening — price $1,388 in accordance with our valuations, due to Capital One’s glorious airline and lodge switch companions.

For extra particulars, try our full evaluate of the Capital One Enterprise X Rewards Credit score Card.

Official software hyperlink: 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 may 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 every thing.

For extra particulars, try our full evaluate of the Capital One Enterprise Rewards Credit score Card.

Official software hyperlink: Capital One Enterprise Rewards Credit score Card

The Platinum Card® from American Categorical

With the present welcome supply on the Amex Platinum, you may earn 80,000 factors after you spend $8,000 on purchases within the first six months of card membership — although you might be focused for the next supply via the CardMatch device (supply topic to vary at any time).

After all, the cardboard is jam-packed with advantages like airport lounge entry, lodge elite standing and extra. These advantages could make your journey expertise smoother and extra luxurious than ever earlier than — particularly with the newest additions. The cardboard has a $695 annual price (see charges and costs). Enrollment is required for choose advantages.

For extra particulars, try our full evaluate of the Amex Platinum Card.

Official software hyperlink: The Platinum Card from American Categorical

American Categorical® Gold Card

Some of the in style playing cards with TPG staffers, the Amex Gold gives 60,000 Membership Rewards factors after you spend $6,000 on eligible purchases in your new card inside the first six months of card membership. This welcome supply is price $1,200 based mostly on our valuations — however make sure to verify the CardMatch device to see when you’re focused for a fair greater supply (supply topic to vary at any time).

The cardboard is nice for a lot of on a regular basis purchases. You will 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 price (see charges and costs).

For extra particulars, try our full evaluate of the Amex Gold Card.

Official software hyperlink: 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 along with your card within the first three months of card membership. Per our valuations, this welcome supply is price at the least $2,400, however you will get much more worth when redeeming for high-end airfare.

The cardboard additionally gives a slew of extra perks just like (however barely completely different from) the private model — you may evaluate the 2 playing cards on this information to see which one can be a greater match on your pockets.

For extra particulars, try our full evaluate of the Amex Enterprise Platinum Card.

Official software hyperlink: The Enterprise Platinum Card from American Categorical

Airline and lodge bank cards

As we enter the autumn journey season, a handful of cobranded bank cards have launched limited-time welcome bonuses over the past month. This consists of:

• Aeroplan Credit score Card: Earn 75,000 factors after you spend $4,000 on purchases within the first three months your account is open. Plus, earn 25,000 factors after you spend $20,000 on purchases within the first 12 months your account is open.
• Alaska Airways Visa® bank card: 60,000 bonus miles plus Alaska’s Well-known Companion Fare ($99 fare plus taxes and costs from $23) whenever you make $3,000 or extra in purchases inside the first 90 days of opening your account.
• Marriott Bonvoy Good® American Categorical® Card: Earn two free evening awards price as much as 85,000 factors apiece after you spend $6,000 in purchases on the cardboard in your first six months. Sure accommodations have resort charges. Provide ends Nov. 1.
• Marriott Bonvoy Enterprise® American Categorical Card®: Earn 125,000 bonus factors after spending $8,000 on purchases in your new card in your first six months of card membership. This supply ends Nov. 1.
• World of Hyatt Enterprise Credit score Card: Earn 60,000 bonus factors after you spend $5,000 on purchases inside the first three months of account opening. Earn an extra 15,000 bonus factors after you spend $12,000 inside the first six months of account opening. This supply ends Oct. 18.

If you happen to’re waiting for vacation journey (which try to be doing!) or planning journeys for subsequent yr, try our record of the very best journey bank cards for different choices that might suit your pockets.

Learn extra: How to decide on the very best bank card for you

For charges and costs of the Amex Enterprise Gold Card, click on right here.
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.

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That is The Factors Man’s everlasting web page for probably the most up-to-date valuations, so you may bookmark it and verify again every month for updates.