{"standard":"Honest Points Valuation Standard","version":"1.0.0","reviewed":"2026-06-08","unit":"cents-per-point","currency":"USD","license":{"summary":"Free to evaluate. Publication, redistribution, or productized use requires a commercial license. Non-affiliate: no figure is influenced by any commission. Attribution required on any published figure.","attribution":"Source: Honest Points Valuation Standard (Source date 2026-06-08)","affiliate":false,"contact":"https://honest-travel-ten.vercel.app/contact","url":"https://honest-travel-ten.vercel.app/standard"},"methodology":{"summary":"Our conservative planning estimates in cents per point. baselineCpp is our planning baseline; achievableCpp is our higher estimate for well-planned redemptions. Actual redemption values can differ. The source review date and basis accompany each figure.","url":"https://honest-travel-ten.vercel.app/methodology","fairRedemptionFloor":0.8,"grading":{"description":"Grade a redemption's cents-per-point against the program baseline: great = at or above achievableCpp; good = at or above baselineCpp; fair = at or above baselineCpp x fairRedemptionFloor; poor = below that.","tiers":["great","good","fair","poor"]}},"provenance":{"source":"Published from the live Honest Points consumer dataset at https://honest-travel-ten.vercel.app.","reviewed":"2026-06-08"},"programs":[{"program":"chase-ur","label":"Chase Ultimate Rewards","type":"transferable-bank","baselineCpp":1,"achievableCpp":2,"reviewed":"2026-06-08","basis":"We use 1c for cash or standard Chase Travel redemptions. Points Boost applies to selected bookings; legacy portal values depend on the card and eligible points. Neither is assumed here. 2c is an editorial transfer target, not a guaranteed rate. Chase baseline and transfer terms checked September 7, 2026; other valuations were not re-reviewed."},{"program":"amex-mr","label":"Amex Membership Rewards","type":"transferable-bank","baselineCpp":1.1,"achievableCpp":2,"reviewed":"2026-06-08","basis":"Membership Rewards shine on transfers (ANA, Air France/KLM, Virgin). Portal value is mediocre, so beginners often under-realize these. Watch the fine print: Etihad Guest transfers are being discontinued (permanent, effective June 30, 2026), and Cathay/Emirates moved to a worse 5:4 ratio. Frequent transfer bonuses (often 20-30%) are the real edge."},{"program":"capital-one","label":"Capital One miles","type":"transferable-bank","baselineCpp":1,"achievableCpp":1.7,"reviewed":"2026-06-08","basis":"Simplest program: 1c as a straight travel eraser, no thinking required. Transfers can beat that but partners are weaker than Chase/Amex (Sept 2025 added JAL, Qatar, I Prefer; JAL/EVA/Emirates transfer at a poor ~2:1.5). Frequent transfer bonuses help close the gap."},{"program":"citi-typ","label":"Citi ThankYou Points","type":"transferable-bank","baselineCpp":1,"achievableCpp":1.8,"reviewed":"2026-06-08","basis":"ThankYou points are underrated for transfers but the everyday floor is modest. Full 1:1 ratios require a premium card (Strata Elite/Premier or legacy Prestige); non-premium cards transfer at a reduced ~1:0.7, so check your card before assuming 1:1."},{"program":"bilt","label":"Bilt Rewards","type":"transferable-bank","baselineCpp":1.1,"achievableCpp":2,"reviewed":"2026-06-08","basis":"Unique value is earning points on rent with no fee. Transfer partners are solid (Hyatt, United, Atmos/Alaska). Note American AAdvantage dropped as a Bilt partner in June 2024 (reach AA only via oneworld partners like British Airways or Cathay now)."},{"program":"wells-fargo","label":"Wells Fargo Rewards","type":"transferable-bank","baselineCpp":1,"achievableCpp":1.5,"reviewed":"2026-06-08","basis":"Newer transfer program, still maturing but growing (added Cathay Pacific in April 2026). Airlines transfer 1:1. Treat 1c as the safe floor."},{"program":"united","label":"United MileagePlus","type":"airline","baselineCpp":1.3,"achievableCpp":1.5,"reviewed":"2026-06-08","basis":"United MileagePlus is dynamically priced with no award chart, so value swings. 1.3c is a fair everyday floor; Star Alliance partner awards reach a bit higher."},{"program":"delta","label":"Delta SkyMiles","type":"airline","baselineCpp":1.1,"achievableCpp":1.3,"reviewed":"2026-06-08","basis":"Delta SkyMiles are reliable but among the weakest airline currencies — fully dynamic, often near 1.1-1.3c. Treat 'SkyPesos' jokes as a warning, not points to hoard."},{"program":"american","label":"American AAdvantage","type":"airline","baselineCpp":1.3,"achievableCpp":1.6,"reviewed":"2026-06-08","basis":"AAdvantage still publishes partner saver awards, so motivated bookers beat the floor. Everyday value sits around 1.3c."},{"program":"southwest","label":"Southwest Rapid Rewards","type":"airline","baselineCpp":1.3,"achievableCpp":1.4,"reviewed":"2026-06-08","basis":"Southwest Rapid Rewards are pegged to cash fares (~1.3-1.4c), so there's little upside but also no devaluation surprise. Companion Pass is the real prize, not per-point value."},{"program":"alaska","label":"Atmos Rewards (Alaska)","type":"airline","baselineCpp":1.4,"achievableCpp":1.8,"reviewed":"2026-06-08","basis":"Alaska Mileage Plan rebranded to Atmos Rewards after the Hawaiian merger (miles are now 'points', moved 1:1, HawaiianMiles folded in Oct 2025). Still strong partner awards and stopovers, so a motivated booker does well. 1.4c is the honest everyday floor."},{"program":"jetblue","label":"JetBlue TrueBlue","type":"airline","baselineCpp":1.1,"achievableCpp":1.3,"reviewed":"2026-06-08","basis":"JetBlue TrueBlue points are revenue-based (~1.1-1.3c), no award chart, few partners. Value is predictable but capped — don't stockpile them."},{"program":"marriott","label":"Marriott Bonvoy","type":"hotel","baselineCpp":0.7,"achievableCpp":0.85,"reviewed":"2026-06-08","basis":"Marriott Bonvoy points run ~0.7c. The honest value is free-night certificates used near their cap, not raw point redemptions."},{"program":"hilton","label":"Hilton Honors","type":"hotel","baselineCpp":0.4,"achievableCpp":0.5,"reviewed":"2026-06-08","basis":"Hilton Honors points are plentiful but worth little each. We set a conservative baseline of 0.4c and an achievable estimate of 0.5c. The card math depends on using the free nights and status."},{"program":"hyatt","label":"World of Hyatt","type":"hotel","baselineCpp":1.7,"achievableCpp":2.3,"reviewed":"2026-06-08","basis":"World of Hyatt is still the rare hotel program worth chasing: a published award chart means 1.7-2.3c is realistic, among the strongest per-point hotel values of the programs we track. The May 2026 chart replaced the old 3 tiers (off-peak/standard/peak) with 5 (Lowest/Low/Moderate/Upper/Top) and pushed many properties higher (Top Cat 8 now up to 75k/night), so target the Lowest-tier rates to hold value. We set a conservative baseline of 1.7c and an achievable estimate of 2.3c."},{"program":"ihg","label":"IHG One Rewards","type":"hotel","baselineCpp":0.5,"achievableCpp":0.6,"reviewed":"2026-06-08","basis":"IHG One Rewards points are plentiful and cheap (~0.5c). Value comes from the fourth-night-free perk and anniversary nights, not the points themselves."}]}