Composite = Value 80×.35 + Stability 80×.25 + Liquidity 39×.20 + Consistency 73×.10 + Drag 82×.10 = 71.1.
Audit trail. Median computed from 39 priced corridors across 9 distinct chart cells (a chart cell = one points price × cabin). Pricing basis: chart. Value source: v5.3 route database — premium long-haul 7.9¢ on 29 routes (weight 70%) · everyday (economy + short-haul) 2.2¢ on 10 routes (weight 30%). Surcharge drag: 2.8%.
US–Tokyo First at 80–100K one-way is elite value — and the same JAL seats are often easier to fund via Atmos with Bilt points.
3 of 6 bank currencies transfer in — Capital One 4:3 · Citi TY 1:1 · Bilt 1:1
CapitalOne 4:3 Citi 1:1 Bilt 1:1
West Coast business space is workable at range; First is rare but genuinely released
Distance chart intact. Data note: JAL rows are not yet re-priced from jal.co.jp and vary across gateways (55–70K business, 80–100K First) — the top item for the next verification pass.
Effective cost. Headline median 8.0¢. Funded on a typical 25% transfer bonus (1×/yr): 10.0¢. Rare (Marriott-linked).
| Index | Rating | Score | Median (net) |
|---|---|---|---|
| Master | AA | 71.1 | 6.20¢ |
| Domestic USA | not researched | — | — |
| International | AA | 71.1 | 6.20¢ |