What are points and miles worth? TPG’s May 2026 valuations


One of the questions people often ask us is, “How much is a point or mile worth?”

The true answer varies from point to point and person to person. It also depends on your travel goals and how much you maximize a particular loyalty currency. Still, some rewards are worth more than others, and our goal is to give you a sense of how they stack up.

Historically, TPG has valued points and miles based on a combination of factors: the price at which we would purchase the points or miles, award costs in the program (factoring in availability and fees), and our expertise in the program’s inner workings. However, we now also utilize extensive data for seven U.S. airline loyalty programs and five hotel loyalty programs to more accurately estimate the value you should aim to achieve from your rewards.

What are credit card points and miles worth?

What are Bilt Points worth?

Program May 2026 valuation (cents) Latest news

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What are airline points and miles worth?

*Calculated using TPG’s data-backed valuations methodology launched in September 2023.

What are hotel points worth?

**Calculated using data from Gondola (a free hotel search and direct booking platform for frequent travelers).

Top points and miles news for May

Mark May 20 in your diary if you are a World of Hyatt loyalist. That is the long-dreaded day when World of Hyatt will drastically change its award charts, moving from a three-tiered to a five-tier pricing system. In this shift, the maximum cost for a standard award night at Category 8 properties will increase from 45,000 points to an eye-watering 75,000 points.

We won’t know just how severe the changes are until prices are updated on May 20, and some award nights may reduce slightly in price. But it’s highly likely your favorite luxury properties will be more expensive to book from May 20 than they are right now.

If there are any Hyatt redemptions you have your eye on, we recommend booking them now rather than waiting and potentially paying more from May 20. Some of our favorite properties include:

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Alila Maldives overwater villa
Overwater villa at the Alila Kothaifaru Maldives. KATIE GENTER/THE POINTS GUY

On this same day, 136 Hyatt hotels and resorts will shift to new award categories. While 24 will go down in category, 112 will go up, including TPG favorites like Alila Mayakoba, Hyatt Regency Seattle, Hyatt Place Kyoto and Andaz Capital Gate, Abu Dhabi.

Related: Why I just redeemed 402,000 points for Hyatt stays — and which hotels I spent them on

After the dust settles on the May 20 changes, we’ll publish an extensive analysis of just how much award pricing has changed. Of course, we’ll also use post-May 20 data from Gondola to determine the value of World of Hyatt points in next month’s valuations.

Hyatt has long been TPG’s favorite transfer partner of Chase Ultimate Rewards points — will this continue after May 20?

Top offers for earning points and miles in May

May’s cobranded card offer of the month is for Alaska Airlines Atmos Rewards cards. The current offers on these three Atmos Rewards cards are the highest we’ve seen:

  • Atmos™ Rewards Summit Visa Infinite® credit card: Earn 100,000 bonus points and a 25,000-point Global Companion Award after spending $6,500 on purchases in the first 90 days from account opening. Plus, receive a 50% flight discount code for a qualifying future flight after opening your new account.
  • Atmos™ Rewards Ascent Visa Signature® credit card: Earn 80,000 bonus points and a $99 Companion Fare (plus taxes and fees from $23) after spending $4,000 on purchases in the first 120 days from account opening. Plus, receive a 50% flight discount code for a qualifying future flight after opening your new account.
  • Atmos™ Rewards Visa Signature® Business Card: Earn 80,000 bonus points and a $99 Companion Fare (plus taxes and fees from $23) after spending $5,000 on purchases in the first 90 days from account opening.

Now, here are some of the best welcome offers this month for those seeking a new travel rewards card that earns transferable points or miles.

  • American Express Platinum Card®: Find out your offer and see if you are eligible for as high as 175,000 Membership Rewards points after spending $12,000 on purchases in the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.
  • Chase Sapphire Reserve® (see rates and fees): Earn 150,000 bonus points after you spend $6,000 on purchases in the first three months from account opening.
  • Chase Sapphire Reserve for Business℠ (see rates and fees): Earn 150,000 bonus points after you spend $20,000 on purchases within the first three months from account opening.
  • Capital One Venture X Business: New applicants can earn 150,000 bonus miles after spending $30,000 on purchases in the first three months from account opening.
  • Capital One Venture Rewards Credit Card: New cardholders can earn 75,000 bonus miles after spending $4,000 on purchases within the first three months from account opening.
  • American Express® Gold Card: Find out your offer and see if you are eligible for as high as 100,000 Membership Rewards points after you spend $8,000 on purchases within the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.

For rates and fees of the Amex Platinum, click here.
For rates and fees of the Amex Gold, click here.



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Medically reviewed by Kierra Brown, RD

Canned sardines and anchovies are high in protein and healthy fats, plus they have a long shelf life.Credit: Design by Health; Getty Images
Canned sardines and anchovies are high in protein and healthy fats, plus they have a long shelf life.
Credit: Design by Health; Getty Images
  • The nutritional profiles of anchovies and sardines are very similar.
  • Compared to sardines, anchovies contain slightly more protein and omega-3 healthy fats.
  • However, sardines have higher concentrations of many vitamins and minerals, and usually have less added sodium.

Anchovies and sardines are both small, oily fish that are usually canned or jarred. Despite their similarities, anchovies and sardines do have some nutritional differences when it comes to protein, healthy fats, and micronutrient content.

Which Small Fish Has More Protein?

 While both fish are excellent sources of lean protein, anchovies have a slight edge:

  • Sardines, canned in oil: 6.97 grams in a 1-ounce serving
  • Anchovies, canned in oil: 8.19 grams in a 1-ounce serving

The amount of protein your body needs depends on a number of factors, including age, health status, and physical activity levels.

Healthy adults should consume 1.2-1.6 grams of protein per kilogram of body weight, according to updated federal dietary guidelines.

For example, if someone weighs 70 kilograms (or 155 pounds), they may want to consume at least 84 grams of protein every day. A 1-ounce serving of anchovies canned in oil would get them about 10% of the way toward that daily protein goal.

Protein is critical for cell development and repair, contributing to physical growth and development.

Is One a Better Source of Healthy Fats Like Omega-3s?

When it comes to healthy fats in general, sardines come out on top:

  • Sardines, canned in oil: 2.56 grams of unsaturated fat in a 1-ounce serving
  • Anchovies, canned in oil: 1.8 grams of unsaturated fat in a 1-ounce serving

But if you're looking to boost your levels of omega-3 fatty acids—a specific type of healthy unsaturated fat—anchovies are the better choice. A 1-ounce serving contains 594 milligrams of omega-3s, while the same amount of sardines has 278 milligrams.

Consuming more omega-3s and healthy fats in general may benefit multiple different aspects of your health:

  • Heart health: Omega-3s help reduce levels of triglycerides, or fats in the blood; high triglyceride levels are a risk factor for heart disease and stroke. In general, research has shown that eating unsaturated fats in place of saturated fats—the kind found in full-fat dairy, red meat, and tropical oils—reduces your risk of heart disease.
  • Brain health and cognitive function: Some research suggests that insufficient levels of omega-3s may increase the risk of brain health concerns, including Parkinson's disease, schizophrenia, attention deficit hyperactivity disorder (ADHD), and depression. Another study found that omega-3 supplements could improve mild cognitive impairment, a condition that causes memory and thinking issues that can develop into dementia.
  • Eye health: In some studies, people who ate fatty fish (and more omega-3s) had a lower risk of age-related macular degeneration, a condition that can blur vision. Similarly, there's evidence that diets higher in omega-3s could reduce the risk of dry eye disease. However, more research is needed.

How Do They Compare for Vitamin and Mineral Content?

Along with protein and healthy fats, sardines and anchovies are packed with essential micronutrients. However, they contain different amounts of these key vitamins and minerals:

  • Vitamin B12: Sardines have about 10 times more vitamin B12 than anchovies. This B vitamin supports nerve cell function, red blood cell formation, metabolism, and the creation of DNA.
  • Vitamin D: One sardine has the vitamin D content of about eight anchovies. Vitamin D helps the body absorb calcium and supports bone maintenance and growth.
  • Iron: As compared to sardines, anchovies contain about 60% more iron. This mineral helps form red blood cells, supports muscle and tissue function, and more.
  • Phosphorus: Sardines are nearly twice as rich in phosphorous than anchovies are. In fact, a 1-ounce serving of sardines contains about 20% of the daily recommended intake for adults. Phosphorus is key in creating structures in the body, including teeth, DNA, and cell membranes.
  • Calcium: As compared to anchovies, sardines are a better source of calcium, a mineral which helps support and maintain bone health.

Comparing Sardines and Anchovies

Nutritional content always varies based on packaging and other factors, but here's how a typical 1-ounce serving of anchovies compares to a 1-ounce serving of sardines:

Sardines, canned in oil Anchovies, canned in oil
Calories 59 60
Protein 6.97 grams (g) 8.10 g
Total fat 3.23 g 2.75 g
Carbohydrates 0 g 0 g
Calcium 108 milligrams (mg) 65.8 mg
Iron 0.828 mg 1.31 mg
Magnesium 11.1 mg 19.6 mg
Phosphorus 139 mg 71.4 mg
Potassium 113 mg 154 mg
Selenium 14.9 micrograms (mcg) 19.3 mcg
Sodium 87 mg 1,040 mg
Zinc 0.371 mg 0.692 mg
Vitamin B12 2.53 mcg 0.249 mcg
Vitamin D 1.36 mcg 0.482 mcg

In addition to their relatively similar nutritional profiles, sardines and anchovies share many other commonalities.

Both are considered forage fish, and they're often eaten by larger fish or marine mammals. Sardines are a bit bigger—they're 4-12 inches while anchovies are usually 7-8 inches—but both species' relative small size and low position on the food chain ensures they have low mercury levels.

Once they're harvested, anchovies and sardines are usually jarred or canned in water or oil to make them shelf stable. One difference is that canned anchovies are often salt-cured—this gives them a pink color and a salty flavor (as well as high amounts of sodium).

What To Know Before Adding These Small Fish to Your Diet

Anchovies and sardines aren't naturally high in sodium (or salt), but jarred or canned versions often have a lot of salt added.

For instance, a 1-ounce serving of anchovies canned in oil contains 1,040 milligrams of sodium, which is 45% of the recommended daily limit for adults.

Diets high in sodium raise your risk of developing high blood pressure, heart diseases, artery diseases, heart attack, and stroke.

When purchasing canned fish, check the nutrition label and try to find a product that has lower amounts of sodium.

Sardines and anchovies also usually contain bones. The canning process makes these bones safe to eat, though young children and people with swallowing concerns may want to avoid them.



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