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.

Related: How TPG determines its points and miles valuations

What are credit card points and miles worth?ProgramOctober 2026 valuation (cents)Latest newsAmerican Express Membership Rewards2.0Capital One1.85The <a target="_blank" href="https://thepointsguy.com/news/capital-one-lounge-dulles-reopens/">Capital One Lounge at Washington Dulles reopened</a> after a monthslong closure.Chase Ultimate Rewards2.05Chase brought back its <a target="_blank" href="https://thepointsguy.com/news/chase-marriott-70-percent-transfer-bonus/">highest-ever transfer bonus to Marriott Bonvoy</a>. Chase also <a target="_blank" href="https://thepointsguy.com/news/chase-sapphire-reserve-business-edit-credit-changes/">doubled The Edit hotel credit</a> on the <a href="https://thepointsguy.com/oc/10965?pid=10965&amp;name=Sapphire%20Reserve%20for%20Business%E2%84%A0&amp;issuer=Chase" target="_blank">Chase Sapphire Reserve for Business℠</a> (see <a href="/tc/10965?pid=10965&amp;name=Sapphire%20Reserve%20for%20Business%E2%84%A0&amp;data-testid=ratesFees" target="_blank">rates and fees</a>) to $1,000 beginning Jan. 1, 2027. <p>The <a href="https://thepointsguy.com/news/chase-hyatt-transfer-ratio-change-october-1/" target="_blank" rel="noopener">World of Hyatt transfer ratio for select cardholders</a> got worse on Oct. 1.</p>Citi ThankYou Rewards1.9Citi <a target="_blank" href="https://thepointsguy.com/news/citi-japan-airlines-transfer-partner/">added Japan Airlines as a new transfer partner</a>.Wells Fargo Rewards1.75What are Bilt Points worth?ProgramOctober 2026 valuation (cents)Latest newsBilt2.2Bilt <a target="_blank" href="https://thepointsguy.com/news/bilt-amtrak-transfer-partner/">added Amtrak as its first rail transfer partner</a>.What are airline points and miles worth?ProgramOctober 2026 valuation (cents)Latest newsAeromexico Rewards0.8Air Canada Aeroplan1.5*The <a href="https://thepointsguy.com/oc/8103?pid=8103&amp;name=Chase%20Air%20Canada%20Aeroplan%C2%AE%20Credit%20Card%20&amp;issuer=Chase" target="_blank">Chase Air Canada Aeroplan® Credit Card</a> (see <a href="/tc/8103?pid=8103&amp;name=Chase%20Air%20Canada%20Aeroplan%C2%AE%20Credit%20Card%20&amp;data-testid=ratesFees" target="_blank">rates and fees</a>) got <a href="https://thepointsguy.com/news/chase-aeroplan-card-refresh-september-2026/" target="_blank" rel="noopener">a major refresh with new perks and a higher annual fee</a>.Alaska Airlines Atmos Rewards1.55*Alaska <a target="_blank" href="https://thepointsguy.com/news/alaska-airlines-major-premium-upgrades-aurora-suites/">unveiled premium economy and new Aurora Suites</a> as part of a major premium upgrade. Atmos Rewards is <a target="_blank" href="https://thepointsguy.com/news/alaska-airlines-atmos-rewards-choice-accrual/">letting members pick how they'll earn points</a> for activity in 2027 and beyond. The program also announced <a target="_blank" href="https://thepointsguy.com/news/alaska-airlines-new-transfer-partner-debit-card-atmos-rewards/">a new transfer partner and teased a debit card</a>. <p>Alaska also <a target="_blank" href="https://thepointsguy.com/news/alaska-airlines-everett-paine-field-seattle-more-flights/">added a new California route and expanded at Paine Field</a> near Seattle.</p>American Airlines AAdvantage1.45*American <a target="_blank" href="https://thepointsguy.com/airline/american-airlines-starlux-codeshare/">expanded its partnership with Starlux</a> through a new codeshare agreement that will include mileage and status earning. <p>American and Hyatt are <a href="https://thepointsguy.com/news/american-airlines-hyatt-partnership-ending/" target="_blank" rel="noopener">winding down their enhanced loyalty partnership</a>.</p>ANA Mileage Club1.4Avianca Lifemiles<strong>1.6 (up from 1.55)*</strong>Avios1.4Cathay Asia Miles1.3Delta SkyMiles1.2*Delta <a target="_blank" href="https://thepointsguy.com/news/delta-air-lines-new-route-lax-largest-ever-schedule/">added another new city from LAX</a> and bolstered seven other routes as its battle for the Los Angeles market heated up. <p>The airline <a target="_blank" href="https://thepointsguy.com/news/delta-new-europe-routes-shoulder-season-flying/">added new routes to Venice and Athens</a> and boosted shoulder-season flying to Europe for 2027, but also <a target="_blank" href="https://thepointsguy.com/news/delta-air-lines-route-cuts-seattle-jfk/">cut its brand-new Seattle service from JFK</a>.</p> <p>Delta and Hyatt <a href="https://thepointsguy.com/news/delta-hyatt-new-partnership/" target="_blank" rel="noopener">revealed a new loyalty partnership</a>, with dual SkyMiles-World of Hyatt earning.</p>Emirates Skywards1.2Etihad Guest1.2Flying Blue1.4*Air France announced plans to open one of the&nbsp;<a href="https://thepointsguy.com/news/air-france-new-lounge-jfk-terminal-1/" target="_blank" rel="noopener">largest lounges at New York JFK</a>'s Terminal One, though the terminal's <a href="https://thepointsguy.com/news/new-york-jfk-new-terminal-one-delayed-2027/" target="_blank" rel="noopener">opening was pushed</a>&nbsp;to early 2027.Frontier Miles1.3JetBlue TrueBlue1.35Qantas Frequent Flyer<strong>1.25 (up from 1.2)*</strong>Singapore KrisFlyer1.3Southwest Rapid Rewards1.25Turkish Airlines Miles&amp;Smiles1.1United MileagePlus1.2*Virgin Atlantic Flying Club<strong>1.5 (up from 1.45)*</strong>

*Calculated using data provided by Points Path.

What are hotel points worth?ProgramOctober 2026 valuation (cents)Latest newsAccor Live Limitless2.3Accor revealed that <a target="_blank" href="https://thepointsguy.com/news/ink-48-m-gallery-flagship/">MGallery's first US flagship</a> would be the Ink 48 hotel in New York City.Best Western Rewards0.6Choice Privileges0.85**Hilton Honors0.4**Hilton brought an <a target="_blank" href="https://thepointsguy.com/news/under-canvas-santa-fe-canopy-hilton-deer-valley/">affordable Canopy hotel to Deer Valley</a>, Utah.IHG One Rewards0.6**Kimpton <a target="_blank" href="https://thepointsguy.com/news/kimpton-tres-rios-all-inclusive/">opened its first all-inclusive</a> resort in a Mexican nature reserve. <p>IHG's <a href="https://thepointsguy.com/news/ihg-premier-select-card-launch/" target="_blank" rel="noopener">new premium credit card launched</a> on Oct. 1 alongside announcements about <a href="https://thepointsguy.com/news/ihg-credit-card-refresh-2026/" target="_blank" rel="noopener">refreshes to existing IHG cards</a>.</p>Marriott Bonvoy0.75**World of Hyatt1.65**The <a target="_blank" href="https://thepointsguy.com/news/grand-hyatt-cancun-beach-resort-opening-all-inclusive/">Grand Hyatt Cancun Beach Resort announced an all-inclusive experience</a> ahead of its debut. Hyatt <a target="_blank" href="https://thepointsguy.com/news/under-canvas-santa-fe-canopy-hilton-deer-valley/">went glamping in New Mexico</a> with Under Canvas Santa Fe, and a <a target="_blank" href="https://thepointsguy.com/news/1-hotel-austin-hyatt-vivid-punta-cana/">social-focused Hyatt all-inclusive</a> arrived in Punta Cana. American and Hyatt are <a href="https://thepointsguy.com/news/american-airlines-hyatt-partnership-ending/" target="_blank" rel="noopener">winding down their enhanced partnership</a>, while Delta and Hyatt <a href="https://thepointsguy.com/news/delta-hyatt-new-partnership/" target="_blank" rel="noopener">announced a new loyalty partnership</a>.Wyndham Rewards<strong>0.55 (down from 0.7)**</strong>Wyndham's <a target="_blank" href="https://thepointsguy.com/news/wyndham-rewards-award-chart-changes/">four-tier award chart</a> is now live.

**Calculated using data from Gondola (a free hotel search and direct booking platform for frequent travelers).

Top points and miles news for October

Alaska Airlines has just made a slew of announcements that will be music to the ears of Atmos Rewards members.

Beginning in 2028, Alaska will roll out its Aurora premium experience across its Boeing 787 fleet and at least 25 Boeing 737 MAX 10s. It will be the first time Alaska has operated lie-flat seats on narrow-body aircraft, and even more exciting, the MAX 10s will have 12 lie-flat suites with direct aisle access.

Hawaiian's A330s will also receive luxurious Leihoku Suites, and both airlines will add a premium economy cabin in 2028. New lounges are on the way, too, including a massive flagship lounge in Seattle for long-haul premium flyers and top-tier elite members.

Atmos Rewards members can now choose how they earn both redeemable points and elite status on flights taken from Jan. 1, 2027. There are three choices:

  • By distance: 1 point per mile
  • By spending: 5 points per dollar
  • By segments: 500 points per flight

Existing members will default to distance, and new members will default to spend. But members can switch their earning method once per calendar year.

You can currently transfer Bilt and Marriott Bonvoy points to Atmos Rewards. But starting in 2027, select Bank of America cardholders will be able to transfer points to Atmos Rewards. We don't yet know the transfer ratio or which cards will qualify, though. Atmos Rewards will also launch a new debit card in 2027 that earns points on everyday spending and refresh its business credit card later in 2026, adding perks such as lounge passes and same-day flight changes.

Top offers for earning points and miles in October

October's cobranded credit card offer of the month is the suite of Delta SkyMiles credit cards, where you can earn up to 200,000 bonus SkyMiles, statement credits, Delta Comfort Flight Certificates and more.

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.
  • Capital One Venture X Rewards Credit Card: Earn 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening.
  • Capital One Venture Rewards Credit Card: Earn 75,000 miles once you spend $4,000 on purchases within three months from account opening, plus receive a $300 credit to use on hotel and vacation rentals booked through Capital One Travel in the first cardholder year.
  • Chase Sapphire Preferred® Card (see rates and fees): Earn 75,000 bonus points
    after you spend $5,000 on purchases in 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 spending $8,000 on purchases within 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 100,000 bonus points after you spend $6,000 on purchases in the first three months from account opening.

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.