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Loyalty Program Devaluation Index
Latest prices: October 2026Checked Oct 16 – Oct 21, 2026Site updated Oct 21, 2026Next update: November 2026
Programs / United MileagePlus

United MileagePlus

United MileagePlus is an airline program based in the Americas. In October 2026 (prices checked October 16–21), one United MileagePlus mile bought a median of 1.24¢ of travel across 6 priced searches on the same 3 flights checked every month; on the 6 searches priced in both September and October, its value rose 8.6%. One mile bought 1.16¢ in September and 1.40¢ in August.

What 50,000 miles bought$618 in October$578 in September · $699 in August
Change since September+8.6%on the 6 searches priced in both months, each compared with itself
Change since August+2.6%each month’s same-search change, chained over 3 months
Checks with a price18 of 18every search returned a price
Table 1. About United MileagePlus · as of Aug 13, 2026
Publishes an award chart?NoSee the source
Did prices in miles change?Yes, on 3 of 3 itemsacross 18 mile prices seen
Need an account to see prices?YesYou must sign up before it shows an award price
Partner programs to redeem with43See the source
Credit card points that transfer in2 card programsChase UR 1:1, Bilt 1:1
Published valuationsTPG 1.20¢ · NerdWallet 1.20¢How these compare

Notes from collection: “needed sign up for awards price”

Item by item

What one mile bought on each flight, every month. Each item is checked twice: about 60 days before travel and about 180 days before.

Booked ~60 days aheadBooked ~180 days ahead× no price that month
Chart 1. Chicago → Denver
ORD–DEN · Economy
0.58¢1.12¢2.19¢AugSepOct
Chart 2. San Francisco → Sydney
SFO–SYD · Economy
0.58¢1.12¢2.19¢AugSepOct
Chart 3. San Francisco → Sydney
SFO–SYD · Business
0.58¢1.12¢2.19¢AugSepOct

All 3 charts share one scale, so their heights compare directly.

Chart 4. Every check compared with published valuations · 18 checks
Each checkMiddle checkTPGNerdWalletCents per point.
0.6¢0.8¢1¢1.5¢2¢

Grey dots are individual checks. The white tick is the middle value. TPG and NerdWallet each publish one number per program; this index shows the whole range.

Every check, with its screenshot

Each row is one search. Click a thumbnail to open the screenshot it came from: “a” is the points search, “c” the cash search.

  • Chicago → Denver · Economy0.75¢
    Aug (R1) · booked ~60 days ahead · travel Oct 14
    13,500 points + $5.60 · cash $107.00
  • Chicago → Denver · Economy0.75¢
    Aug (R1) · booked ~180 days ahead · travel Feb 10
    13,500 points + $5.60 · cash $107.00
  • San Francisco → Sydney · Business1.60¢
    Aug (R1) · booked ~60 days ahead · travel Oct 14
    300,000 points + $36.80 · cash $4,835.00
  • San Francisco → Sydney · Business1.60¢
    Aug (R1) · booked ~180 days ahead · travel Feb 10
    300,000 points + $36.80 · cash $4,835.00
  • San Francisco → Sydney · Economy1.40¢
    Aug (R1) · booked ~60 days ahead · travel Oct 14
    55,000 points + $36.80 · cash $806.00
  • San Francisco → Sydney · Economy1.40¢
    Aug (R1) · booked ~180 days ahead · travel Feb 10
    55,000 points + $36.80 · cash $806.00
  • Chicago → Denver · Economy0.76¢
    Sep (R2) · booked ~60 days ahead · travel Nov 4
    14,400 points + $5.60 · cash $115.00
  • Chicago → Denver · Economy0.76¢
    Sep (R2) · booked ~180 days ahead · travel Mar 3
    14,400 points + $5.60 · cash $115.00
  • San Francisco → Sydney · Business1.65¢
    Sep (R2) · booked ~60 days ahead · travel Nov 4
    300,000 points + $37.50 · cash $4,986.00
    “decoy effect present”
  • San Francisco → Sydney · Business1.65¢
    Sep (R2) · booked ~180 days ahead · travel Mar 3
    300,000 points + $37.50 · cash $4,986.00
  • San Francisco → Sydney · Economy1.40¢
    Sep (R2) · booked ~60 days ahead · travel Nov 4
    55,000 points + $37.50 · cash $807.00
  • San Francisco → Sydney · Economy0.91¢
    Sep (R2) · booked ~180 days ahead · travel Mar 3
    84,200 points + $37.50 · cash $807.00
  • Chicago → Denver · Economy0.68¢
    Oct (R3) · booked ~60 days ahead · travel Dec 16
    13,900 points + $5.60 · cash $100.00
  • Chicago → Denver · Economy1.02¢
    Oct (R3) · booked ~180 days ahead · travel Apr 14
    15,000 points + $5.60 · cash $158.00
  • San Francisco → Sydney · Business1.29¢
    Oct (R3) · booked ~60 days ahead · travel Dec 16
    500,000 points + $36.20 · cash $6,491.00
  • San Francisco → Sydney · Business1.90¢
    Oct (R3) · booked ~180 days ahead · travel Apr 14
    300,000 points + $36.20 · cash $5,748.00
  • San Francisco → Sydney · Economy1.18¢
    Oct (R3) · booked ~60 days ahead · travel Dec 16
    147,100 points + $36.20 · cash $1,776.00
  • San Francisco → Sydney · Economy1.64¢
    Oct (R3) · booked ~180 days ahead · travel Apr 14
    55,000 points + $36.20 · cash $938.00
MonthItemBookedPointsPlus cashCash priceOne pointScreenshotsNotes
Aug (R1)
checked Aug 17
Chicago → Denver · Economy~60 days
Oct 14 · 58d
13,500$5.60$107.000.75¢
Aug (R1)
checked Aug 17
Chicago → Denver · Economy~180 days
Feb 10 · 177d
13,500$5.60$107.000.75¢
Aug (R1)
checked Aug 17
San Francisco → Sydney · Business~60 days
Oct 14 · 58d
300,000$36.80$4,835.001.60¢
Aug (R1)
checked Aug 17
San Francisco → Sydney · Business~180 days
Feb 10 · 177d
300,000$36.80$4,835.001.60¢
Aug (R1)
checked Aug 17
San Francisco → Sydney · Economy~60 days
Oct 14 · 58d
55,000$36.80$806.001.40¢
Aug (R1)
checked Aug 17
San Francisco → Sydney · Economy~180 days
Feb 10 · 177d
55,000$36.80$806.001.40¢
Sep (R2)
checked Sep 8
Chicago → Denver · Economy~60 days
Nov 4 · 57d
14,400$5.60$115.000.76¢
Sep (R2)
checked Sep 8
Chicago → Denver · Economy~180 days
Mar 3 · 176d
14,400$5.60$115.000.76¢
Sep (R2)
checked Sep 8
San Francisco → Sydney · Business~60 days
Nov 4 · 57d
300,000$37.50$4,986.001.65¢
decoy effect present
Sep (R2)
checked Sep 8
San Francisco → Sydney · Business~180 days
Mar 3 · 176d
300,000$37.50$4,986.001.65¢
Sep (R2)
checked Sep 8
San Francisco → Sydney · Economy~60 days
Nov 4 · 57d
55,000$37.50$807.001.40¢
Sep (R2)
checked Sep 8
San Francisco → Sydney · Economy~180 days
Mar 3 · 176d
84,200$37.50$807.000.91¢
Oct (R3)
checked Oct 19
Chicago → Denver · Economy~60 days
Dec 16 · 58d
13,900$5.60$100.000.68¢
Oct (R3)
checked Oct 19
Chicago → Denver · Economy~180 days
Apr 14 · 177d
15,000$5.60$158.001.02¢
Oct (R3)
checked Oct 19
San Francisco → Sydney · Business~60 days
Dec 16 · 58d
500,000$36.20$6,491.001.29¢
Oct (R3)
checked Oct 19
San Francisco → Sydney · Business~180 days
Apr 14 · 177d
300,000$36.20$5,748.001.90¢
Oct (R3)
checked Oct 19
San Francisco → Sydney · Economy~60 days
Dec 16 · 58d
147,100$36.20$1,776.001.18¢
Oct (R3)
checked Oct 19
San Francisco → Sydney · Economy~180 days
Apr 14 · 177d
55,000$36.20$938.001.64¢