How Much Were Travel Points and Miles Worth in 2021?

Making the most of travel rewards requires some understanding of the basic questions, like how much each reward currency is worth. Earning 100,000 points sounds great, but what does that mean in terms of dollars?

To find out, NerdWallet performed a comprehensive, data-driven analysis of 15 airlines, seven hotel programs and nine credit card rewards programs. We compared cash and award bookings across many dates and cities to determine how much actual value you can expect to get from any given points or miles.

We added business-class valuations to our airline miles analysis.

We added analysis of seven new airline programs.

We included international data (after excluding it in 2020).

For the hotel and airline valuations, we picked the 75th percentile value, rather than the average or median. This means that for every four searches, we picked the one that offered the highest value. We believe this reflects how travelers shop for award bookings — by comparing cash and point redemptions…

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This article was written by Sam Kemmis and originally published on