What are your points really worth?
Calculate the value of PAYBACK points and Miles & More miles — and find out whether an offer is worth it.
Popular offers:
Comes 1-2 times a year (Jan + Jun)
How the calculator works
- PAYBACK points have a base value of 1 cent (reward redemption)
- PAYBACK → M&M transfer: 1:1 (with bonus 1:1.2 or 1:1.25)
- The mile value depends on the redemption: Economy ~1 ct, Business ~2.5 ct, First ~5 ct
- Purchase price = cost / miles × 100 (in cents per mile)
Enter cash price and miles to calculate the redemption value.
How the calculation works
- Formula: (cash price - taxes) / miles × 100 = cents per mile
- From 2.0 ct/mile: Business Class level — good deal
- From 3.0 ct/mile: First Class level — excellent
- Below 1.0 ct/mile: Economy level — cash fare often better
Currently active (May 2026): AMEX → Hilton Honors +30% bonus DE until 30 June 2026 from 2,500 MR transfer.
AMEX MR are NOT Miles & More
- AMEX Membership Rewards (MR) are a separate points program
- MR can be transferred to 10 airlines, 3 hotels and PAYBACK
- Best airline rate: 5:4 (1,000 MR = 800 miles) to BA, Iberia, Flying Blue, SAS
- Since August 2025: Singapore, Cathay, Delta, Etihad, Qatar downgraded to 3:2
- Hotels: Hilton 1:1, Marriott 3:2, Radisson 1:2 (doubling!)
- A direct transfer to Miles & More is not possible
What does your flight cost?
Calculate how many miles your dream flight costs.
To the Miles CalculatorMaximize the value of your points
Which redemptions deliver the highest value per mile and how to make the most of transfer bonuses — in the Premium Handbuch.
Premium Bundle (99€)Frequently Asked Questions
What is a PAYBACK point worth?
A PAYBACK point has a base value of 1 cent when redeemed as a reward or shopping voucher. If you transfer the points 1:1 to Miles & More and redeem them for a Business Class flight, the value rises to about 2.5 cents per point. For First Class even to about 5 cents.
How do I transfer PAYBACK to Miles & More?
In the PAYBACK app under "Redeem points" → "Miles & More" you can convert your points 1:1 into miles. The transfer takes a few days. 1-2 times a year (usually January and June) there are transfer bonus promotions with 20-25% extra miles.
What is a Miles & More mile worth?
The value of a mile depends on the redemption. For Economy flights it is about 1 cent, for Business Class about 2.5 cents and for First Class about 5 cents per mile. For merchandise rewards or upgrades the value is often below 1 cent — award flights are the best redemption.
Is it worth buying miles?
It depends on the purchase price. Below 0.5 cents per mile it is a very good deal. Between 0.5 and 1.0 cents it is fair if you want to fly Business Class. Above 1.5 cents per mile it rarely pays off — then the cash fare is often cheaper. Free offers (0 cents) are always worth it.
How do I calculate the cents-per-mile value?
The formula is: (cash price - taxes/fees) / miles used × 100 = cents per mile. From 2 ct/mile an award flight is a good deal (Business Class level), from 3 ct/mile it is very good (First Class level). Below 1 ct/mile the cash fare is often the better choice.
What is the best AMEX MR transfer partner?
The best transfer rate from AMEX MR is 5:4 (1,000 MR = 800 miles) to British Airways Avios, Iberia Avios, Flying Blue and SAS EuroBonus. Since August 2025, Singapore Airlines, Cathay Pacific, Delta, Etihad and Qatar have the worse rate of 3:2. Emirates has the worst rate at 2:1 and is not recommended.
