Value Ratio Formula:
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The Points Vs Miles Calculator compares the redemption value of points versus miles to determine which loyalty currency offers better value for your travel rewards.
The calculator uses the value ratio formula:
Where:
Interpretation: A ratio greater than 1 indicates points offer better value, while a ratio less than 1 indicates miles offer better value.
Details: Understanding the relative value of points versus miles helps maximize travel rewards, optimize loyalty program choices, and make informed decisions about earning and redeeming rewards currencies.
Tips: Enter the current value per point and value per mile in cents. Both values must be positive numbers. The calculator will compute the value ratio to help you determine which currency offers better redemption value.
Q1: What does the value ratio mean?
A: A ratio above 1 means points are more valuable than miles. A ratio below 1 means miles are more valuable than points. A ratio of 1 means equal value.
Q2: How do I determine points and miles values?
A: Points value is typically calculated by dividing the cash price of a reward by the points required. Miles value uses the same calculation with miles required.
Q3: Should I always choose the higher value currency?
A: While value is important, also consider transfer partners, availability, and your specific travel goals when choosing between points and miles.
Q4: Do values change over time?
A: Yes, loyalty program values can change due to program devaluations, promotions, and changing redemption opportunities.
Q5: Are there other factors to consider?
A: Yes, consider transfer ratios, expiration policies, elite status benefits, and companion passes when evaluating overall program value.