Program newsHyatt World of Hyatt: policy change, announced Oct 15. Read more
Loyalty Program Devaluation Index
Latest prices: October 2026Checked Oct 16 – Oct 21, 2026Site updated Oct 21, 2026Next update: November 2026

Programs

20 airline programs and 7 hotel programs. Each airline is checked on three flights, each hotel program on four hotels, twice a month. The table shows what one point bought in October 2026, how that changed over the last month, and how it changed since August 2026, when the index began.

Click any program to see its details: the flights or hotels it’s checked on, every price with its screenshot, and how it compares with TPG and NerdWallet.

Program ↑Oct valueChange since SepSince AugTPGNerdWalletAward chartPrices in pointsAccount neededPartners
ACAir Canada Aeroplan
Airline · Americas · 18 of 18 checks priced
1.15¢−1.8%
6 trips
−10.4%1.50¢1.10¢YesChanged on 3 of 3 itemsYes58
AIAir India Maharaja Club
Airline · Asia-Pacific · 18 of 18 checks priced
2.58¢+8.7%
6 trips
+12.4%——YesNever changedYes25
AAAmerican AAdvantage
Airline · Americas · 18 of 18 checks priced
1.65¢−4.3%
6 trips
+13.7%1.45¢1.70¢NoChanged on 3 of 3 itemsNo24
NHANA Mileage Club
Airline · Asia-Pacific · 18 of 18 checks priced
7.69¢−0.9%
6 trips
+0.2%1.40¢—YesChanged on 3 of 3 itemsNo35
ASAtmos Rewards
Airline · Americas · 18 of 18 checks priced
2.16¢+9.8%
6 trips
+20.8%1.55¢1.40¢YesChanged on 3 of 3 itemsNo23
BABritish Airways Club
Airline · Europe · 10 of 18 checks priced
1.00¢+4.0%
2 trips
+2.4%1.40¢1.20¢NoNever changedYes17
CXCathay Asia Miles
Airline · Asia-Pacific · 12 of 18 checks priced
3.66¢+3.0%
4 trips
−6.9%1.30¢—UnclearNever changedYes21
CZChina Southern Sky Pearl
Airline · Asia-Pacific · 13 of 18 checks priced
1.06¢−23.1%
4 trips
−42.8%——YesNever changedYes15
CHOChoice Privileges
Hotel · Americas · 24 of 24 checks priced
0.74¢−11.1%
8 trips
−21.5%0.85¢0.80¢NoChanged on 1 of 4 itemsNo15
DLDelta SkyMiles
Airline · Americas · 18 of 18 checks priced
1.15¢+1.5%
6 trips
+0.7%1.20¢1.20¢NoChanged on 2 of 3 itemsNo25
EKEmirates Skywards
Airline · Middle East & Africa · 15 of 18 checks priced
2.40¢−19.4%
4 trips
−2.1%1.20¢1.00¢NoChanged on 2 of 3 itemsYes21
ETEthiopian ShebaMiles
Airline · Middle East & Africa · 13 of 18 checks priced
3.79¢−6.8%
4 trips
−7.1%——UnclearChanged on 1 of 3 itemsNo30
EYEtihad Guest
Airline · Middle East & Africa · 18 of 18 checks priced
1.02¢−28.9%
6 trips
−10.7%1.20¢—UnclearChanged on 2 of 3 itemsNo30
HILHilton Honors
Hotel · Americas · 19 of 24 checks priced
0.46¢−15.2%
6 trips
−13.5%0.40¢0.40¢NoChanged on 2 of 4 itemsNo25
IHGIHG One Rewards
Hotel · Europe · 22 of 24 checks priced
0.57¢+9.9%
7 trips
+12.1%0.60¢0.60¢NoChanged on 4 of 4 itemsNo36
KEKorean Air SKYPASS
Airline · Asia-Pacific · 12 of 18 checks priced
1.97¢+3.5%
4 trips
+15.4%——YesNever changedYes22
LALATAM Pass
Airline · Americas · 18 of 18 checks priced
1.22¢+6.6%
6 trips
+3.6%——NoChanged on 3 of 3 itemsYes14
MARMarriott Bonvoy
Hotel · Americas · 24 of 24 checks priced
0.75¢+1.1%
8 trips
−17.2%0.75¢0.70¢NoChanged on 4 of 4 itemsNo36
QFQantas Frequent Flyer
Airline · Asia-Pacific · 18 of 18 checks priced
0.70¢−47.8%
6 trips
−21.8%1.25¢—YesChanged on 3 of 3 itemsNo31
RADRadisson Rewards
Hotel · Europe · 24 of 24 checks priced
0.24¢+0.1%
8 trips
−15.4%——NoChanged on 4 of 4 itemsNo3
SKSAS EuroBonus
Airline · Europe · 18 of 18 checks priced
0.63¢−61.1%
6 trips
−39.5%——YesChanged on 3 of 3 itemsNo22
SQSingapore KrisFlyer
Airline · Asia-Pacific · 18 of 18 checks priced
2.17¢+25.7%
6 trips
+10.4%1.30¢—YesNever changedNo30
TKTurkish Miles and Smiles
Airline · Middle East & Africa · 18 of 18 checks priced
1.56¢−16.3%
6 trips
−1.2%1.10¢0.80¢YesChanged on 3 of 3 itemsNo32
UAUnited MileagePlus
Airline · Americas · 18 of 18 checks priced
1.24¢+8.6%
6 trips
+2.6%1.20¢1.20¢NoChanged on 3 of 3 itemsYes43
VSVirgin Atlantic Flying Club
Airline · Europe · 18 of 18 checks priced
1.33¢−38.5%
6 trips
−6.4%1.50¢0.80¢NoChanged on 3 of 3 itemsNo27
HYTWorld of Hyatt
Hotel · Americas · 12 of 24 checks priced
1.34¢−17.1%
1 trip
−30.3%1.65¢1.80¢YesChanged on 2 of 4 itemsNo22
WYNWyndham Rewards
Hotel · Americas · 22 of 24 checks priced
1.07¢−15.7%
7 trips
−20.0%0.55¢0.70¢YesChanged on 4 of 4 itemsNo11

Showing 27 of 27 programs. Values are the median of every check priced that month. The change compares only the trips priced in both of the last two months, each with itself, so it can move differently from the median: a median also shifts when a different set of trips comes back priced. “Since Aug” chains each month’s same-trip change from the first month measured. Don’t compare values between programs: each is measured against its own cash prices. Compare a program with itself over time.

Dropped during screening: Lufthansa Miles and More (doesn't display award fare if you have zero miles); Air France Flying Blue (award redemptions consistently unavailable); Melia Rewards (Fixed-value redemption, constant 0.47 cpp). See every program that was screened out, and why.