Not all points are created equal — a Marriott point and a Hilton point aren’t worth the same, even though both are called “hotel points.” This is our estimate of what each major currency covered on PointsBoarding is realistically worth, based on typical redemption value rather than best-case outliers. We’ll revisit and update these figures periodically as programs change.
Methodology note: these are estimates based on realistic, everyday redemption value — not the absolute best possible use of a point, which can vary widely. Treat these as a general planning benchmark, not a guaranteed cash value.
In This Guide
- Transferable Points Currencies
- Airline Miles
- Hotel Points
- How to Actually Use These Numbers
- Frequently Asked Questions
Transferable Points Currencies
| Currency | Estimated Value |
|---|---|
| Bilt Points | ~2.2¢ |
| Chase Ultimate Rewards | ~2.0¢ |
| Amex Membership Rewards | ~2.0¢ |
| Capital One Miles | ~1.7-1.85¢ |
These four sit at the top of the list for good reason — their value comes from optionality, not a fixed redemption. See our Transferable Points guide and How Transfer Bonuses Work for how to actually capture that value.
Airline Miles
| Program | Estimated Value |
|---|---|
| Alaska/Hawaiian Atmos Rewards | ~1.4-1.5¢ |
| American AAdvantage | ~1.4¢ |
| United MileagePlus | ~1.3¢ |
| Southwest Rapid Rewards | ~1.3¢ |
| Delta SkyMiles | ~1.2¢ |
Hotel Points
| Program | Estimated Value |
|---|---|
| World of Hyatt | ~1.2-1.4¢ |
| Marriott Bonvoy | ~0.7-0.8¢ |
| IHG One Rewards | ~0.5-0.6¢ |
| Hilton Honors | ~0.4-0.5¢ |
Notice Hyatt still leads despite its May 2026 devaluation — and Hilton’s ongoing redemption creep keeps it at the bottom of this list. Full detail in our individual Hotels guides.
How to Actually Use These Numbers
Frequently Asked Questions
How often is the Points Value Index updated?
We revisit these estimates periodically as programs change — a real devaluation or major earning change can shift a currency’s value meaningfully, so treat older editions as a snapshot in time rather than a permanent figure.
Why are transferable points valued higher than airline or hotel points?
Because they retain optionality — you can choose the best redemption across many partners rather than being locked into one program’s specific pricing, which consistently produces better average outcomes.