That brings
the value of my rewards miles to almost 2.4 cents each.
Not exact matches
In its survey, WalletHub also singled out the Lufthansa credit card as the best for airline
rewards, due to its signing bonus
of 35,000
miles if you spend at least $ 1,000 in the first three months — a
value of about $ 780 in airfare, according to WalletHub's calculations — as well as the lack
of foreign transaction fees.
With the mushy
value propositions
of some
rewards, such as airline
miles, airport lounge access and concierge service, calculating a break - even point can be cumbersome, inexact and changing.
To calculate a card's
rewards rate, multiply the
value of the points /
miles by the number
of points /
miles you get for a specific purchase.
All you need to do is look at the number
of points or
miles needed to earn a certain
reward and divide that amount by its
value (in dollars).
Between the high
rewards rate on general spending, and the ability to transfer
rewards points to airline
miles, there is a lot
of good
value here.
With other
rewards programs such as Delta, American and United, major international carriers, the
value of a
mile can fluctuate drastically across the world, and can be very low for domestic flights.
There are two reasons for this: The redemption rates
of miles or points for international trips drive up the
value of rewards, and most cash - back credit cards charge a foreign transaction fee
of 3 % on overseas purchases.
To calculate a card's
rewards rate, multiply the
value of the points or
miles by the number
of points or
miles you get for a specific purchase.
Between the high
rewards rate on general spending, and the ability to transfer
rewards points to airline
miles, there is a lot
of good
value here.
Annual spending
of $ 13,000: Charging $ 13,000 a year on my Capital One ® Venture ®
Rewards Credit Card gets me 26,000
miles, or $ 260 in travel redemption
value.
The Capital One ® Spark ®
Miles Select for Business's bonus, on the other hand, results in a
rewards rate
of just 8.2 % (the total
of $ 200 bonus
miles and $ 45
miles value divided by $ 3,000 spent).
Just remember, if you're still carrying a balance while earning
rewards, the high interest charges will build up faster than the
value of the points,
miles or cash back that you earn.
The
value of Flying Blue
miles currently sits at around $ 0.013 — slightly higher than Ultimate
Reward points.
For example, many travel
rewards cards offer frequent flyer
miles or hotel points, but the
value of these
rewards can vary.
To get the most
value of your hard - earned airline
rewards, it's usually best to use
miles and points for what they were designed for: travel.
The «dollar
value»
of your travel
rewards often fluctuates, depending on how you earned the points or
miles (was it a «bonus»?)
With other
rewards programs such as Delta, American and United, major international carriers, the
value of a
mile can fluctuate drastically across the world, and can be very low for domestic flights.
This is because the
miles earned with the Capital One ® Venture ®
Rewards Credit Card can be applied to past travel purchases for statement credits where they will have a constant
value of 1 cent.
With many types
of rewards and different
rewards programs, a
mile can have a wide range
of values.
By knowing the average cost
of a SKYPASS
mile, we can begin to understand what kind
of rewards values to expect by using the SKYPASS credit card.
We offer a wide selection
of credit card offers in various categories such as: Secured cards to build credit, unsecured cards for people with bad or excellent credit, air
miles and gas
rewards for people who are looking for that extra
value in a credit cards features, business cards for people who are starting a business and need to establish a credit line, student credit cards with reasonable annual fees, and much more.
The Capital One ® Venture ®
Rewards Credit Card and the Barclaycard Arrival Plus ® World Elite Mastercard ® are tied in terms
of total points or
miles earned and the total dollar
value of those points or
miles.
The actual monetary
value of these
rewards usually works out to be somewhere between $ 0.0011 and $ 0.059 per point or
mile, depending on the program.
Here we cover the bonuses and perks that the Barclaycard Arrival Plus ™ World Elite MasterCard ® offers and the
value of the Barclays Barclaycard Arrival
Rewards miles you earn.
Combined with the fact that the average
value of air
miles in any
rewards program increases when booking longer flights, the mobility
of points within air alliances means that in booking for an international destination, you should compare not only United and British Airways with each other, but also with their air alliance partners.
Given we estimate the
value of a single Hawaiian Airlines
mile to be $ 0.01, that translates to a
rewards rate
of anywhere between 2 % and 1 %, depending on where you're making a purchase.
We based this range on different types
of spending, from those with the highest
rewards potential to the lowest, and an AAdvantage
miles value of $ 0.017 per
mile (based on sample flight itineraries).
Knowing the rules that apply to your points or
miles will help make sure that you can take advantage
of the full
value of these
rewards.
To calculate a card's
rewards rate, multiply the
value of the points /
miles by the number
of points /
miles you get for a specific purchase.
In choosing this card, you do sacrifice the opportunity to earn air
mile rewards on shopping; but less frequent travelers, as well as less frequent shoppers, who are looking for ways to earn cash back just by going about their daily routine will get a lot
of value out
of the OCBC 365 Credit Card.
That's the equivalent
of 37,800
miles» worth
of rewards, assuming 100
miles have a redemption
value of $ 1.
The types
of credit cards that are most likely to offer sign - up bonuses worth 50,000 bonus
miles are airline
rewards cards, hotel
rewards, and credit cards designed to provide travelers with extra
value when they use the card.
With all the restrictions and amount
of miles required to attain a decent flight, it is definitely at the point where having a 2 % back credit card has more
value than the best
miles /
rewards program.
The total
value of points or
miles earned in the first year with a travel
rewards card is...
With points usable as statement credits against travel the
rewards you earn have a
value of 1 penny per
mile.
If you don't mind doing a little research and being flexible with your travel plans, you can easily get more
value for your points or
miles if you use them for travel
rewards instead
of getting cash back.
Find the
rewards rate by multiplying the
value of the points or
miles by the number
of points or
miles you get for a specific purchase.
We estimate the
value of a single Flying Club
mile to be $ 0.026, placing this card's
rewards rate between 3.9 % and 7.8 % - depending on how your spending breaks down.
We acknowledge, however, that for some
rewards programs, a
value of more than one cent per point or
mile is typical and easy to achieve.
The cards
value is increased with its high, uncapped
rewards of 2x
miles per $ 1 spent.
If you redeem
miles for travel purchases and take advantage
of the 12 - month 0 % APR, there is tremendous
value in the Capital One VentureOne
Rewards Credit Card.
So... it looks like you are saying the Chase Freedom is the best
rewards card overall in terms
of value (for points or
miles or w.e.) because it's cash back and gives you the most bang for your buck.
I had a CapitalOne «No Hassles» mileage
reward card I stopped using in 2009 and it took me 3 years to use the
miles at maximum
value (1 %
of the cash spent to accrue them).
Bonus
miles and points are evaluated by the
value of each
reward unit and multiplying it by the bonus amount.
Cash back cards appeal to customers for a number
of reasons, but mainly due to their ease and flexibility: Because they offer cash back
rewards, there's no need to convert points and
miles to dollar
values.
Again, the next step is to subtract the
value of the credit card
rewards you could have earned from your credit card, as well as any frequent flyer
miles or hotel points that you could have received by paying for your flight or hotel room with a card instead
of points or
miles.
Next, you should subtract the
value of the
rewards you could have earned by paying for that purchase on a
rewards card, rather than redeeming your points and
miles for it.
How We Calculate
Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annua
Rewards: ValuePenguin calculates the
value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annua
rewards by estimating the dollar
value of any points,
miles or bonuses earned using the card less any associated annual fees.
To help consumers, we discuss the
value of points,
miles and cash back
rewards of the card.