I have quite of bit of airline miles, hotel points, and American Express Membership Rewards points accumulated. I’ve heard the rule of thumb that each mile/point is worth approximately 1 cent. So if you have 100 miles or 100 points, it’s worth about a buck. But is that true?
I haven’t previously taken stock of how many miles and points I have, but I figured it’ll be fun trying to figure out what they’re approximately worth. As I’ve mentioned previously, I want to travel to Hong Kong-Macau-Tokyo with my sister for my big 4-O. I’ve valuated my points and mileage based upon my dream itinerary. With fluctuating currencies/fares/rates, this is admittedly a very unscientific calculation. But as the sage Cookie Monster sang, it’s good enough for me:
- Marriott Rewards Points: 44,107 points
- Hilton HHonors Points: 77,589 points
- American Airlines Aadvantage Miles: 130,058 miles
- American Express Membership Rewards Points: 41,151 points
- United Mileage Plus: 4,835 miles
So there you have it: My frequent flyer miles and hotel points are worth about $3,490. On the high-end, it’s worth $10,644. I am paying a yearly fee for the privilege of accruing AA miles (via my Citibank Mastercard) and American Express Membership Rewards points. But based upon what I've calculated above, looks like it's well worth it. I’m feeling richer already! :-D