Composite = Value 76×.35 + Stability 72×.25 + Liquidity 62×.20 + Consistency 84×.10 + Drag 37×.10 = 69.1.
Audit trail. Median computed from 33 priced corridors across 8 distinct chart cells (a chart cell = one points price × cabin). Pricing basis: verified. Value source: v5.3 route database — premium long-haul 7.5¢ on 19 routes (weight 70%) · everyday (economy + short-haul) 2.6¢ on 14 routes (weight 30%). Surcharge drag: 9.4%. Coverage is Thin — rating capped at AA and flagged Under Review: a median built on ≤2 chart cells is one observation, not a distribution.
40.5K off-peak business to Madrid/Barcelona from the East Coast (60.5K from LAX/SFO) is still the best published transatlantic business rate in the index; connect onward on cheap intra-Europe adds.
4 of 6 bank currencies transfer in — Amex MR 1:1 · Chase UR 1:1 · Bilt 1:1 · Wells Fargo 1:1
Amex 1:1 Chase 1:1 CapitalOne 1:1 Bilt 1:1 WellsFargo 1:1
Off-peak Madrid dates book easily months out; East Coast A350 business is the workhorse
The off-peak calendar is the entire game — peak dates roughly double the cost. May 2025 repricing (34K → 40.5K East Coast business) logged this publication. Chicago tier disputed between sources (40.5K vs 50.5K).
Effective cost. Headline median 9.8¢. Funded on a typical 30% transfer bonus (3×/yr): 12.8¢. Avios-family bonuses apply.
| Index | Rating | Score | Median (net) |
|---|---|---|---|
| Master | A | 69.1 | 6.05¢ |
| Domestic USA | not researched | — | — |
| International | A | 69.1 | 6.05¢ |