Last Reviewed: 8/14/2010
Many of Bank Of America’s credit cards allow you to earn World Points, which are redeemable for cash, travel, gift cards, merchandise, VIP events, and even charitable donations. PlasticIQ decided to take a deeper look at this program to get a handle on how much a WorldPoint might actually be worth.
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For those who like to open their presents early, PlasticIQ answers the question “So how much are my Marriott Rewards Points really worth?” with a resounding “$0.0088 per point”. But don’t you want to keep reading to get a glimpse of PlasticIQ’s dazzling logic which enabled us to make this estimate? Of course you do…
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There are three levels of Amex Rewards—Membership Rewards Express, Membership Rewards (which is what this article is focused on), and Membership Rewards First. We have blogged separately about the Express program in our post What is the value of American Express Membership Rewards Express Program Points?
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According to the Best Western website, there are more than 4,000 Best Western hotels in over 80 countries. It would be cool to try and visit each hotel, that would be a claim to fame!
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The Starwood brand encompasses the following 9 brands: Sheraton, Four Points, the W, Aloft, The Luxury Collection, Le Meridien, Westin Hotels, Element, and St. Regis.
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Since PlasticIQ is endeavoring to determine the value of the numerous airline frequent flyer programs in existence, it’s critical that we establish standards to enable a fair, apples-to-apples comparison amongst the various programs.
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Flying Club is the name of Virgin Atlantic’s frequent flyer program. One of the challenges of valuing miles from this program is that mileage requirements for free flights vary by specific departure location, requiring a more city-to-city analysis. If you just want to learn more about the program, read our post, Summary of the Virgin Atlantic Flying Club Program.
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Mileage Plus is the frequent flyer program from United. Awards are classified as either Saver or Standard. As you might surmise, Saver Awards require less miles to obtain, but come with blackout dates and capacity control restrictions, whereas Standard Awards do not. Note that United is a member of the Star Alliance (a partnership of more than 20 airlines aimed at extending their collective global footprint).
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US Airways is a member of the Star Alliance, a network of 21 member airlines that have partnered to offer service to virtually any location on the planet where folks actually fly to. In assessing the value of their frequent flyer program, known as Dividend Miles, we consider both the US Air and Star Alliance redemption schedules.
To earn a Standard Award good for one free roundtrip ticket on Southwest Airlines requires 16 credits. You earn 1 credit for each one-way leg of a trip. So, 8 round-trip flights would earn you a free Standard Award from the Rapid Rewards Program.
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