New Feature: milevalue.com Mile Value Leaderboard

I am excited to announce a new feature: the milevalue.com Mile Value Leaderboard. Find it at the top of the page. On it, I'll keep track of my latest valuations for every major frequent flier, credit card, and hotel loyalty currency. So far, it just has three entries: Avios, Rapid Rewards, and Membership Rewards. Avios and Rapid Rewards were dissected in the last week.

Full Membership Rewards analysis is coming soon. But I've added it to the list because right now there is a 50% transfer bonus if you transfer Membership Rewards points to Avios.

How Much Are Rapid Rewards Points Worth? The Value of Southwest Airlines Points

Update April 1, 2014: This post was written before Southwest's massive devaluation. Now you need 70 points per dollar for Wanna Get Away? fares instead of 60. Now Rapid Rewards are worth about 1.45 cents each.

Southwest Airlines Rapid Rewards points are worth 1.69 cents per point. Unlike my calculation of the value of an Avios, the valuation of a Rapid Rewards point does not change based on where you live or your flying preferences because Rapid Rewards is a fixed-value award program.

A Complete List of All Avios Redemptions from New York City

Below is a list of every oneworld alliance flight from New York City flown by British Airways, American Airlines, Cathay Pacific, LAN, Iberia, Japan Airlines, and Qantas. I have also included non-oneworld partners on which you can book flights with Avios miles-- Alaska Airlines, Aer Lingus, and airberlin. Routes only operated by Alaska Airlines, Aer Lingus, or airberlin have an * because they can only be booked over the phone (800-AIRWAYS), which will incur a $25 fee.

The list is divided into International routes and Domestic routes.

A Complete List of All Avios Redemptions from Los Angeles

Below is a list of every oneworld alliance flight from Los Angeles flown by British Airways, American Airlines, Cathay Pacific, LAN, Iberia, Japan Airlines, and Qantas. I have also included non-oneworld partners on which you can book flights with Avios miles-- Alaska Airlines and airberlin. Routes only operated by Alaska or airberlin have an * because they can only be booked over the phone (800-AIRWAYS), which will incur a $25 fee.

The list is divided into International routes, Hawaii routes, and Domestic routes. Within each group, the routes are listed from most Avios required to fewest.

How Much Are Avios Worth? The Value of British Airways Avios Part 4

In Part 1, we looked at the mechanics of the Avios program and how it compared to the AAdvantage program (another oneworld program.) In Part 2, we built on the rules of the Avios program to discover what awards they imply are the best values. In Part 3, we valued 20 specific Avios awards. And in the final post, I'm putting an exact value on an Avios.

How Much Are Avios Worth? The Value of British Airways Avios Part 3

In Part 1, we looked at the mechanics of the Avios program and how it compared to the AAdvantage program (another oneworld program.) In Part 2, we built on the rules of the Avios program to discover what awards they imply are the best values. In Part 3, we’ll value specific Avios awards. In Part 4, I'll put a number on an Avios.

How Much Are Avios Worth? The Value of British Airways Avios Part 2

In Part 1, we looked at the mechanics of the Avios program and how it compared to the AAdvantage program (another oneworld program.) In Part 2, we'll build on the rules of the Avios program to discover what awards they imply are the best value

How Much Are Avios Worth? The Value of British Airways Avios Part 1

This post is part of a four-part series. In Part 1, we will look at the mechanics of the Avios program and how it compares to the AAdvantage program (another oneworld program.) In Part 2, we'll build on the rules of the Avios program to discover what awards they imply are the best values. In Part 3, we’ll value specific Avios awards. In Part 4, I’ll put a number on an Avios.

How Much are Frequent Flier Miles Worth? A Guide

Figuring out the value of your frequent flier miles is crucial for determining whether an award is a good deal, whether you should book a specific trip with cash or miles, which credit card bonus to sign up for, and which airlines to book an award on if you have several options. Perhaps because it can seem daunting to precisely calculate the value of a mile, I have seen no systematic attempts to do so mathematically. Luckily the formula is actually quite simple, and I've created an even simpler calculator at the bottom of this post.