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HomeCredit CardWhat are factors and miles value? TPG’s February 2024 month-to-month valuations

What are factors and miles value? TPG’s February 2024 month-to-month valuations


One of many questions folks usually ask us is, “How a lot is a degree or mile value?”

The true reply varies from level to level and individual to individual. It additionally will depend on your journey targets and the way effectively you’ll be able to maximize a selected loyalty forex. Nonetheless, some rewards bank cards are clearly value greater than others, and our objective is to provide 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 charges) and our personal experience within the inside workings of the applications.

Nevertheless, we now use intensive knowledge for the highest six U.S. airline loyalty applications to higher estimate the worth it is best to goal to get out of your rewards (you’ll be able to learn our full breakdown of this technique in our explainer put up).

This month, our mannequin confirmed a little bit of variation with these numbers — although none of them had been vital in comparison with earlier runs of the info.

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

Notice: These valuations are usually not supplied by card issuers.

What are bank card factors and miles value?

Program FEBRUARY 2024 (cents) Newest information
American Specific Membership Rewards 2.0 One Amex enterprise card will lose 3 assertion credit this 12 months. You may save as much as 50% on Amazon purchases by utilizing only one Membership Rewards level.
Bilt Rewards 2.05 Bilt provides milestone rewards to its program.
Capital One 1.85
Chase Final Rewards 2.05 Chase opened a brand new lounge at New York’s John F. Kennedy Worldwide Airport (JFK).
Citi ThankYou Rewards 1.8

What are airline factors and miles value?

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

What are lodge factors value?

Factors and miles information

Should you had been planning a Turkish Miles&Smiles redemption, it is best to guide it instantly. The program simply introduced a big devaluation to begin on Feb. 16, with vital value will increase throughout the board and a irritating new per-segment construction meaning your sweet-spot award to Europe (beforehand 45,000 miles every approach in enterprise class) will price 85,000-90,000 later this month.

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For that reason, we’ve decreased our valuation of Miles&Smiles from 1.3 to 1.2 cents every this month.

The opposite large information got here from Delta and American Specific, because the duo launched main adjustments to their private and enterprise cobranded bank cards. With increased annual charges and a slew of latest assertion credit, it is one other indication of issuers transferring their playing cards to extra of a life-style worth proposition — reasonably than simply specializing in journey advantages.

In additional optimistic information, Chase continues to disrupt the home airport lounge scene by opening two new lounges in New York.

First was the Sapphire Lounge by The Membership at New York’s LaGuardia Airport (LGA), which TPG’s Zach Griff now considers the perfect lounge within the airport. It includes a 360-degree bar, a photograph sales space and even a hidden speakeasy-style retro arcade. To raise the expertise even increased, three Reserve Suites may be booked individually, beginning at an eyebrow-raising $2,300 for a three-hour slot.

Then, only a week later, Chase opened the Sapphire Lounge by The Membership at New York’s John F. Kennedy Worldwide Airport Airport (JFK). This second airport takes over the previous Etihad Airways lounge in Terminal 4. Whereas not as jaw-droppingly good as the brand new LaGuardia lounge, it’s nonetheless a step up out of your common Precedence Go effort.

Vacationers holding the Chase Sapphire Reserve take pleasure in limitless entry to those two lounges (together with two company) via the complimentary Precedence Go membership supplied with the cardboard. These with Precedence Go memberships via different playing cards (or bought straight from Precedence Go) can entry them as soon as per 12 months as a tempting taster, with further visits (or company) charged at $75 per go to.

Chase’s spectacular funding in these lounges is probably going a part of a wider technique to extend the worth of the Sapphire Reserve. This card was among the finest choices for frequent vacationers when it first hit the market, however competitors has heated up within the years since. Even it is lower-priced brethren — Chase’s personal Sapphire Most well-liked Card — carries beneficiant incomes charges, stable perks and comparable journey protections.

That stated, the Reserve card’s increased annual charge might now be a savvy funding in the event you dwell in New York or move via these airports recurrently.

Learn extra: Chase Sapphire Most well-liked vs. Sapphire Reserve: Do you have to go mid-tier or premium?

In different information, the next loyalty applications are additionally providing bonuses on buying factors and miles:

  • Alaska Airways MileagePlan: Earn as much as a 60% bonus on factors purchases by Feb 24 with buy charges as little as 1.85 cents per level.
  • Hilton Honors: Get a 100% bonus on bought factors by March 12, at 0.5 cents per level.
  • JetBlue TrueBlue: Earn a 90% bonus once you purchase 3,000 or extra factors earlier than March 31, 2024, at a charge as little as 1.32 cents per level.
  • Southwest Airways Speedy Rewards: Earn as much as a forty five% bonus on factors purchases by Feb. 23 with buy charges as little as 1.65 cents per level.

Journey bank card presents

JOSH GRIBBEN/THE POINTS GUY

Past these developments, there isn’t a scarcity of nice welcome bonuses on many well-liked playing cards. Listed here are a couple of of our favorites this month.

Chase Sapphire Most well-liked Card

Proper now, the Chase Sapphire Most well-liked 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 value $1,230 once you leverage switch companions or $750 in the event you redeem via the Chase journey portal at 1.25 cents per level.

The cardboard comes with a manageable $95 annual charge, together with a wide range of journey protections and extra perks — like a $50 annual lodge credit score for reservations made via the Chase journey portal and a 10% anniversary factors bonus based mostly in your earlier 12 months’s spending.

In fact, you could wish to spring for the Chase Sapphire Reserve as an alternative. Whereas the cardboard has a hefty $550 annual charge, it contains perks like Precedence Go lounge entry, an annual $300 journey credit score and a World Entry or TSA PreCheck credit score, amongst different advantages. Plus, you will earn 3 factors per greenback spent on journey and eating bills, so you’ll be able to rapidly rack up rewards on your subsequent large journey.

For extra particulars, try our full evaluation of the Chase Sapphire Most well-liked Card.

Official software hyperlink: Chase Sapphire Most well-liked Card

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, some of the thrilling journey bank cards available on the market, because of nice incomes charges and included perks.

The cardboard is at the moment providing a welcome bonus of 75,000 bonus miles once you spend $4,000 on purchases within the first three months from account opening — value $1,388, in response to our valuations, because of Capital One’s wonderful airline and lodge switch companions.

For extra particulars, try our full evaluation 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 the moment 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 spent on the whole lot you buy.

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

Official software hyperlink: Capital One Enterprise Rewards Credit score Card

The Platinum Card® from American Specific

With the present welcome supply on the Amex Platinum, you will earn 80,000 Membership Rewards factors after you spend $8,000 on purchases within the first six months of card membership — although you could be focused for a better supply via the CardMatch software (supply topic to alter at any time).

In fact, the cardboard is jam-packed with advantages like airport lounge entry and lodge elite standing. These advantages could make your journey expertise smoother and extra luxurious than ever earlier than — particularly with the most up-to-date additions. The cardboard has a $695 annual charge (see charges and charges). Enrollment is required for choose advantages.

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

Official software hyperlink: The Platinum Card from American Specific

American Specific® Gold Card

Some of the well-liked playing cards with TPG staffers, the Amex Gold presents 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 value $1,200 based mostly on our valuations — however you’ll want to verify the CardMatch software to see in the event you’re focused for a fair increased supply (supply topic to alter at any time).

The cardboard is nice for a lot of on a regular basis purchases. You may earn 4 factors per greenback spent at U.S. supermarkets (on as much as $25,000 in purchases per calendar 12 months, then 1 level per greenback) and 4 factors per greenback spent on eating at eating places. The cardboard has a $250 annual charge (see charges and charges).

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

Official software hyperlink: American Specific Gold Card

The Enterprise Platinum Card® from American Specific

The Enterprise Platinum Card presents 120,000 Membership Rewards factors after you spend $15,000 on eligible purchases together with your card within the first three months of card membership. Per our valuations, this welcome supply is value 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 further perks just like (however barely completely different from) the non-public model — you’ll be able to 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 evaluation of the Amex Enterprise Platinum.

Official software hyperlink: The Enterprise Platinum Card from American Specific

Capital One Enterprise X Enterprise

The Capital One Enterprise X Enterprise card launched in September 2023, and new candidates can now earn a large welcome bonus of as much as 300,000 miles. They will earn 150,000 miles after spending $20,000 within the first three months from account opening, plus a further 150,000 miles after spending $100,000 within the first six months of account opening. Whereas that is clearly an enormous spending requirement, these rewards can go a good distance towards your subsequent journey.

The Enterprise X Enterprise options almost equivalent perks to the non-public model of the cardboard — together with a $300 annual credit score for bookings via Capital One Journey, intensive airport lounge entry and 10,000 bonus miles in your cardholder anniversary.

For extra particulars, try our full evaluation of the Capital One Enterprise X Enterprise.

Official software hyperlink: The Capital One Enterprise X Enterprise card

Ink Enterprise Most well-liked® Credit score Card

The Ink Enterprise Most well-liked Credit score Card presents a beneficiant 100,000 Final Rewards factors welcome bonus after spending $8,000 within the first three months after card opening, value over $2,000 by our present valuation. This could possibly be an amazing possibility for enterprise homeowners seeking to profit from a six-figure welcome bonus who may not attain the upper spending necessities of the Capital One Enterprise X Enterprise welcome supply.

This card additionally presents triple factors on the primary $150,000 spent in mixed purchases every year on journey, transport purchases, web, cable and telephone companies and promoting purchases made with social media websites and serps. There are additionally beneficiant cellphone and buy protections as inform we journey cancellation/interruption and delay reimbursement insurance coverage.

For extra particulars, try our full evaluation of the Ink Enterprise Most well-liked Credit score Card.

Official software hyperlink: The Ink Enterprise Most well-liked Credit score Card

Airline bank cards

Along with adjustments on the Delta American Specific card portfolio, we additionally noticed the launch of elevated welcome presents throughout the playing cards:

Delta SkyMiles® Gold American Specific Card Earn 70,000 bonus miles after $3,000 in spending within the first six months of card membership. Supply ends March 27. $0 introductory charge for the primary 12 months, then $150 (see charges and charges) $840
Delta SkyMiles® Platinum American Specific Card Earn 90,000 bonus miles after $4,000 in spending within the first six months of card membership. Supply ends March 27. $350 (see charges and charges) $1,080
Delta SkyMiles® Reserve American Specific Card Earn 100,000 bonus miles after $6,000 in spending within the first six months of card membership. Supply ends March 27. $650 (see charges and charges) $1,200
Delta SkyMiles® Gold Enterprise American Specific Card Earn 80,000 bonus miles after $6,000 in spending within the first six months of card membership. Supply ends March 27. $0 introductory charge for the primary 12 months, then $150 (see charges and charges) $960
Delta SkyMiles® Platinum Enterprise American Specific Card Earn 100,000 bonus miles after $8,000 in spending within the first six months of card membership. Supply ends March 27. $350 (see charges and charges) $1,200
Delta SkyMiles® Reserve Enterprise American Specific Card Earn 110,000 bonus miles after $12,000 in spending within the first six months of card membership. Supply ends March 27. $650 (see charges and charges) $1,320

*Bonus worth relies on TPG valuations and isn’t supplied or reviewed by the issuer.

It’s also possible to earn a worthwhile Southwest Companion Go and 30,000 bonus factors after you spend $4,000 on purchases within the first three months from account opening on the Southwest Speedy Rewards Plus Credit score Card, Southwest Speedy Rewards Premier Credit score Card and the Southwest Speedy Rewards Precedence Credit score Card.

Try our checklist of the finest journey bank cards for different choices that might suit your pockets.

Associated: How to decide on the perfect bank card for you

For charges and charges of the Amex Platinum Card, click on right here.
For charges and charges of the Amex Gold Card, click on right here.
For charges and charges of the Delta Gold, click on right here.
For charges and charges of the Delta Gold Enterprise, click on right here.
For charges and charges of the Delta Platinum, click on right here.
For charges and charges of the Delta Platinum Enterprise, click on right here.
For charges and charges of the Delta Reserve, click on right here.
For charges and charges of the Delta Reserve Enterprise, click on right here.


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

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