Your bank can cut the transfer partner that gets you where you're going — and once you're there, airlines and hotels can cut the value of your points overnight. No warning. No compensation. No recourse. Until now.
Devaluation is accelerating — the rate has more than doubled since 2020, with an event roughly every 2.7 months.
We applied proven financial instruments to a market that has never had protection.
Tell us the bank-to-partner transfer link, your airline and hotel loyalty balances, or both, you want covered. We calculate your total notional value using the current MP Index.
Select Maximum, Standard, or Catastrophic. Like choosing a deductible on car insurance — each tier has a clear threshold and annual premium.
If the MP Index for your program drops past your threshold, or your transfer partner is discontinued, payout is calculated and transferred automatically.
Like car insurance — the higher your deductible, the lower your premium. Pick the balance that fits your risk tolerance.
Enter your balance and pick a tier. Updates as you type.
Don't agree with our ¢/mile figure? Adjust the rate above until the notional matches what you believe your points are worth.
A monthly benchmark independently calculated by MileProtection across major airline and hotel programs. Updated on the 1st of each month and used as the reference trigger for all protection contracts.
| Program | Type | Value per point | 30-day change | Trend (90d) |
|---|---|---|---|---|
United MileagePlus | Airline | 1.35¢ | ↓ 3.2% | ↓ Declining |
Delta SkyMiles | Airline | 1.05¢ | ↓ 1.8% | ↓ Declining |
AA AAdvantage | Airline | 1.51¢ | ↑ 0.4% | → Stable |
Air Canada Aeroplan | Airline | 1.35¢ | ↑ 0.2% | → Stable |
Avianca LifeMiles | Airline | 1.45¢ | ↓ 2.1% | ↓ Declining |
Avios BA · Iberia · Qatar · Finnair | Airline | 1.40¢ | ↓ 5.1% | ↓ Declining |
Flying Blue Air France · KLM | Airline | 1.10¢ | ↓ 2.9% | ↓ Declining |
Singapore KrisFlyer | Airline | 1.35¢ | ↓ 2.2% | ↓ Declining |
Cathay Asia Miles | Airline | 1.28¢ | ↓ 3.8% | ↓ Declining |
Miles & More LH · Swiss · Austrian… | Airline | 1.30¢ | ↑ 0.2% | → Stable |
Turkish Miles&Smiles | Airline | 0.90¢ | ↑ 0.3% | → Stable |
ANA Mileage Club | Airline | 1.50¢ | ↑ 0.1% | → Stable |
JAL Mileage Bank | Airline | 1.45¢ | ↑ 0.2% | → Stable |
Marriott Bonvoy | Hotel | 0.71¢ | ↓ 2.4% | ↓ Declining |
Hilton Honors | Hotel | 0.52¢ | ↓ 1.1% | ↓ Declining |
World of Hyatt | Hotel | 1.70¢ | ↑ 0.1% | → Stable |
IHG One Rewards | Hotel | 0.58¢ | ↓ 3.8% | ↓ Declining |
MP Index values are calculated independently by MileProtection using a proprietary multi-source methodology. Updated on the 1st of each month.
Programs using fully dynamic, chart-less pricing (currently Delta SkyMiles, United MileagePlus, Air France-KLM Flying Blue) show wider redemption-value variance than chart-based programs. Their listed values are weighted toward premium-cabin outcomes, consistent with how our members typically redeem.
Airlines and hotels change redemption rates without warning. Here's what that looks like in practice — the trips people planned, and what happened when the programme changed overnight.
David had saved 560,000 United miles for a family trip from New York — enough for 4 business class seats at ~140,000 miles each under the old award chart. After United introduced dynamic pricing, the same seats cost 250,000+ miles each. His miles now cover 2 tickets.
Sophie and Marc had been collecting Avios for a business class honeymoon to the Maldives. They needed 100,000 Avios round-trip each. British Airways' April 2022 restructuring moved the price to 135,000 Avios — a 35% jump. They had exactly enough the day before. They didn't the day after.
In November 2025, IHG restructured its award chart — one of only two events in our entire 11-year, 20-programme history confirmed to cross the Standard tier's 30% threshold. A member with 240,000 points banked for 4 nights at a flagship property could suddenly only book 3.
Illustrative scenarios based on publicly documented programme changes. The BA Avios and IHG events shown are confirmed Standard-tier triggers based on our index — one of only two such events across our full 11-year history. Individual payout amounts depend on enrolled notional and tier chosen at inception.
Every major financial innovation looked impossible until someone built the infrastructure to price, transfer, and trade the risk.
Join frequent travelers and sophisticated investors on the waitlist. Tell us about your miles and we'll send you a personalized protection estimate.
Protect my miles →