Composite = Value 43×.35 + Stability 54×.25 + Liquidity 66×.20 + Consistency 22×.10 + Drag 36×.10 = 47.6.
Audit trail. Median computed from 86 priced corridors across 11 distinct chart cells (a chart cell = one points price × cabin). Pricing basis: verified. Value source: v5.3 route database — premium long-haul 3.6¢ on 43 routes (weight 70%) · everyday (economy + short-haul) 1.9¢ on 43 routes (weight 30%). Surcharge drag: 9.6%.
Short-haul oneworld partners and the surviving New York First sweet spot at 75K; treat long-haul Club World as a last resort
5 of 6 bank currencies transfer in — Amex MR 1:1 · Chase UR 1:1 · Capital One 1:1 · Bilt 1:1 · Wells Fargo 1:1
Amex 1:1 Chase 1:1 CapitalOne 1:1 Bilt 1:1 WellsFargo 1:1
The new fixed-fee cash+Avios pricing genuinely opens premium space the old chart never released
The December 2025 repricing gutted long-haul business value: zone-A gateways 88K, zone-B (MIA/DFW/LAX/SFO/SEA and others) 99K one-way. Fees rose again in May 2026. First from zone-B gateways is carried at the zone-A 75K pending confirmation.
Effective cost. Headline median 3.7¢. Funded on a typical 30% transfer bonus (3×/yr): 4.8¢. Consistent Avios bonuses; Amex has reached 30–40%.
| Index | Rating | Score | Median (net) |
|---|---|---|---|
| Master | BB | 47.6 | 3.09¢ |
| Domestic USA | BB | 49.3 | 1.58¢ |
| International | BB | 47.2 | 3.09¢ |