Types of Miles and Points

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Beginners Guide To Miles & Points
What’s The Point?
How Loyalty Programs Work
Credit Cards and Credit Scores
Types of Miles & Points
Identifying Your Travel Goals
How Alliances Work
Credit Card Strategy For Beginners
Earning Miles & Points
Hotels Matter Too
What’s Next?

There is a ton of vocabulary and jargon in the frequent flyer world, which can be quite intimidating. You’ll pick up more of the terms as you go along, but at the beginning it’s important to distinguish between a few different types of miles and points.

  • Airline Miles / Hotel Points
  • Fixed-Value Points
  • Flexible / Transferable Points

Airline Miles and Hotel Points

Most of us are familiar with at least the concept of airline miles and hotel points – those are essentially a rebate offered by a specific brand in exchange for loyalty to their company. Those companies set the earnings rates, redemption values, and all the other terms and conditions.

Not only are there airline miles to consider, but you likely have (or have heard of) rewards points with a bank or credit card as well. These typically come in two varieties: fixed-value and transferable.

What are Fixed Value Points?

As the name might suggest, fixed-value points can be redeemed towards a specific dollar amount of travel. The amounts vary by program, but you’ll typically receive 1¢-2¢ per point towards travel.

These include (but are certainly not limited to):

  • Citi ThankYou points (with some exceptions)
  • Bank of America Worldpoints
  • US Bank FlexPerks Rewards
  • USAA Rewards
  • Wells Fargo Rewards
  • Capital One No Hassle Rewards (these are somewhat different than Capital One Miles)
  • Barclaycard Arrival Miles

Some programs require you to redeem through the bank portal, while others will issue a statement credit.

In general, however, you are redeeming fixed-value points for tickets that could otherwise be purchased with cash.

So if a given airline ticket was selling for $100, and you had a fixed-value currency that gave you 1¢ per point towards travel, you would need 10,000 points for that ticket.

That’s why these programs advertise as having “no blackout dates” or having the ability to “choose any airline” – your bank is essentially purchasing a retail airfare for you, in exchange for points you’ve accumulated with their program. Because these tickets are typically revenue fares, you will typically earn miles when you fly on a ticket procured with a fixed-value currency!

So why even bother with miles? Fixed-value points sound great!

Fixed-value points are fantastic if you want to travel on domestic economy tickets! Domestic tickets (especially in the US) can be surprisingly difficult to redeem airline miles for, so fixed-value currencies are a great alternative.

However, if you’re looking at traveling internationally, particularly in premium cabins, fixed-value points just won’t get you very far. An international business class ticket might require 110,000 airline miles, but since the retail price is likely upwards of $5000, you’d need over 500,000 Bank of America points, for example. And that’s a cheap premium cabin ticket. Some first class tickets would cost as much as a new car if paying cash.

So what are the other options?

What are Flexible / Transferable Points?

One of the major perks to bank points, as opposed to airline miles, is that as a consumer you’re a bit insulated from dramatic changes or unannounced devaluations from a particular airline. So for many people it makes sense to focus on a flexible points currency, with transferable rewards.

These programs typically allow you to transfer points directly to their airline or hotel partners. This gives you lots of options when it’s time to redeem your airline miles, as you have the opportunity to search for award availability across alliances prior to committing to a certain mileage currency.

Credit Card Transfer Partners

One of the reasons I consistently recommend flexible point currencies is the versatility you have when transferring your points. The same significant balance of credit card points can be transferred to a variety of airlines or hotel partners, therefore making them incredibly valuable when used strategically.

Each transferable currency has its strong (and weak) partners, so it’s important to think about where you want your points to take you before stockpiling any specific one. The main flexible points currencies are American Express Membership Rewards, Chase Ultimate Rewards, Capital One Mileage Transfer, Citi ThankYou, and Marriott Bonvoy.

American Express Membership Rewards Transfer Partners

No matter where you want to go in the world, there are great ways to redeem Amex rewards points:

AirlinesHotels
Aer Lingus Aer ClubChoice Privileges
Aeroméxico Club PremierHilton Honors
Air Canada AeroplanMarriott Bonvoy
Air France/KLM Flying Blue
Alitalia MilleMiglia
ANA Mileage Club
Avianca LifeMiles
British Airways Executive Club
Cathay Pacific Asia Miles
Delta SkyMiles
El Al Matmid
Emirates Skywards
Etihad Guest
Hawaiian Airlines HawaiianMiles
Iberia Plus
JetBlue TrueBlue
Qantas Frequent Flyer
Singapore Airlines KrisFlyer
Virgin Atlantic Flying Club

Chase Ultimate Rewards Transfer Partners

You can learn more about how to earn and redeem Ultimate Rewards points in our guide, but here are the transfer partners:

AirlinesHotels
Aer Lingus Aer ClubIHG Rewards Club
Air France/KLM Flying BlueMarriott Bonvoy
British Airways Executive ClubWorld Of Hyatt
Emirates Skywards
Iberia Plus
JetBlue TrueBlue
Singapore KrisFlyer
Southwest Airlines Rapid Rewards
United MileagePlus
Virgin Atlantic Flying Club

Capital One Mileage Transfer Partners

Capital One’s miles-earning cards can now transfer directly to partners. These include miles earned on the following cards:

And you have over a dozen loyalty programs to choose from:

Transfer PartnerTransfer Ratio
Aeromexico (Club Premier)2 : 1.5 | 1000 : 750
Air Canada (Aeroplan)2 : 1.5 | 1000 : 750
Air France KLM (Flying Blue)2 : 1.5 | 1000 : 750
Alitalia (MilleMiglia Program)2 : 1.5 | 1000 : 750
Avianca (LifeMiles)2 : 1.5 | 1000 : 750
Cathay Pacific (Asia Miles)2 : 1.5 | 1000 : 750
Emirates (Emirates Skywards)2 : 1 | 1000 : 500
Etihad Airways (Etihad Guest)2 : 1.5 | 1000 : 750
EVA Air (Infinity MileageLands)2 : 1.5 | 1000 : 750
Finnair (Finnair Plus)2 : 1.5 | 1000 : 750
Hainan Airlines (Fortune Wings Club)2 : 1.5 | 1000 : 750
JetBlue (JetBlue TrueBlue)2 : 1 | 1000 : 500
Qantas (Qantas Frequent Flyer)2 : 1.5 | 1000 : 750
Qatar Airways (Privilege Club)2 : 1.5 | 1000 : 750
Singapore Airlines (KrisFlyer)2 : 1 | 1000 : 500

Premier Citi ThankYou Transfer Partners

Holders of the Citi Premier℠ Card, Citi Prestige Card, and Citi Chairman Card are also able to transfer their ThankYou Points to airline partners.

AirlinesHotels
Aeroméxico Club PremierN/A
Air France/KLM Flying Blue
Avianca Lifemiles
Cathay Pacific Asia Miles
EVA Air Infinity MileageLands
Etihad Guest
Jet Airways JetPrivilege
JetBlue TrueBlue
Malaysia Airlines Enrich
Qantas Frequent Flyer
Qatar Airways Privilege Club
Singapore Airlines KrisFlyer
Thai Airways Royal Orchid Plus
Turkish Airways Miles & Smiles
Virgin Atlantic Flying Club

Brex Transfer Partners

Brex is a cool product that offers a streamlined and innovative solution for startups and tech companies. Their rewards can be transferred to the following partners:

AirlinesHotels
Aeromexico Club PremierN/A, though hotels/Airbnb are in the rewards portal.
Air France/KLM Flying Blue
Avianca Lifemiles
Cathay Pacific Asia Miles
JetBlue TrueBlue
Qantas Frequent Flyer
Singapore Airlines KrisFlyer

Marriott Bonvoy Transfer Partners

Earning Marriott points isn’t as easy or lucrative as it used to be, though they do have more transfer partners than any other program:

Combined Program PartnersCombined Program
Transfer Ratios
Previous Marriott Transfer PartnersPrevious SPG
Transfer Partners
Aegean Airlines

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferred1 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Aeroflot Bonus Program

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 1
AeroMexico Club Premier

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Air Canada Aeroplan

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Air China Companion

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Air France/KLM FlyingBlue

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Air New Zealand Air Points

TBD transfer ratio65 : 1 transfer ratio, ~77 bonus airpoints for every 20k points transferred
Alaska Airlines Mileage Plan

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Alitalia MilleMiglia

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
ANA Mileage Club

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
American Airlines AAdvantage

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Asiana Airlines Asiana Club

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Avianca LifeMiles

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
British Airways Executive Club

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Cathay Pacific Asia Miles

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
China Eastern Airlines Eastern Club

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
China Southern Airlines Sky Pearl Club

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferred
COPA Milesconnect

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 1
Delta Air Lines SkyMiles

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
El Al Matmid

TBD transfer ratio
Emirates Skywards

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Etihad Airways Guest

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Frontier Airlines

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 1
Gol Smiles

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 12 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Hainan Airlines

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferred1 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Hawaiian Airlines HawaiianMiles

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Iberia Plus

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Japan Airlines (JAL) Mileage Bank

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Jet Airways

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
JetBlue TrueBlue

TBD transfer ratiotransfer ratio ranges from 5.6 : 1 to 10 : 1
Korean Air Skypass

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
LATAM Airlines LATAM PASS

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Lufthansa Miles & More

Currently unavailable
3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Qantas Frequent Flyer

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 1
Qatar Airways Privileges Club

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Saudi Arabian Airlines Alfursan

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Singapore Airlines KrisFlyer

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
South African Airways Voyager

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 1
Southwest Rapid Rewards

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 1
TAP Portugal

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 1
Thai Airways Royal Orchid Plus

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferred1 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Turkish Airlines Miles & Smiles

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 4 : 1 to 6.66 : 1
United Mileage Plus

3 : 1.1 transfer ratio, 5k bonus miles for every 60k points transferred, plus 10% RewardsPlus bonustransfer ratio ranges from 2.24 : 1 to 4 : 12 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Virgin Atlantic Flying Club

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferredtransfer ratio ranges from 2.8 : 1 to 5 : 11 : 1 transfer ratio, 5k bonus miles for every 20k points transferred
Virgin Australia Velocity

3 : 1 transfer ratio, 5k bonus miles for every 60k points transferred1 : 1 transfer ratio, 5k bonus miles for every 20k points transferred

It is worth noting that while most bank transfers are rather quick (and instant in many cases), Marriott transfers can take a few weeks, depending on the program you’re transferring to.

So which miles or points should I be collecting?

Well, that depends a great deal on your travel goals! There is always a bit of a balance between accruing the most points, or the most valuable points, and the only way to determine the best route for you is to know where and how you want to travel.

Next: Identifying Your Travel Goals

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Comments
  1. I read somewhere that you can only get the signup bonus on American Express personal cards ONCE per person, per lifetime. I already have the American Express Delta SkyMiles cards so I assume I cannot get an American Express Membership Rewards card for the big signup bonus.

    Does the same hold true for other cards like Chase, Citi, Barlclays, etc.?

  2. @ Gerardo — It’s typically per card. So if you only have a Delta Amex Card, you can still apply for an Amex Membership Rewards card.

  3. The Citi Prestige Card looks great as an addition to my Amex Rewards Plus. However, the $450 annual fee is quite high. Any tips to get that covered? Thanks in advance.

  4. Hi..I live in Norway and travel alot in Europe but also to the US. I cant find a card that is good for scandinavians…most cards i see on this page is for US and Canadian residens. I have SASEurobonus now, but i dont think it give me good value for the money i spend. As you mention before for the longer trip and upgrade is cost alot of points. Any good tips?

  5. I have several thousand Chase Ultimate Rewards points, but to no avail I’ve racked their website trying to figure out how to transfer them to any airline partner. The best i could do was to enter info for both SkyMiles & AAdvantage on my “profile,” but reading their by-laws about traveling choices it only allows me to book through their booking window right there on the Ultimate Rewards webpage… it’s so frustrating
    🙁
    Could somebody offer any advice about it,
    Thank you immensely for any help

  6. @ Alexander v E — When you’re on the Ultimate Rewards page, go to “Use Points” and then “Transfer to Travel Partners”. Hope that helps!

  7. I would like to book my family of 5 to Fort Lauderdale florida from Newark NJ within the next 4 weeks. We have about 400,00. miles how should I go about this

  8. Looking to fly business class RT for 2 to Scandinavia in Feb/Mar 2018 from LAX. Very flexible with dates and destination city. Suggestions on the best usage of rewards points?

  9. Why does the article not mention Amex Membership Rewards’s hotel transfer partners (Hilton, SPG, and Choice Hotels)?

  10. I know you guys are busy, but this page is out of date and I still sometimes use it as a cheat sheet. My aching brain would be so grateful if the SPG info was updated to reflect Marriott Bonvoy transfer options and Capital One Venture transfer partners. Keep up the great work!

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