Composite = Value 14×.35 + Stability 37×.25 + Liquidity 19×.20 + Consistency 99×.10 + Drag 81×.10 = 36.1.
Audit trail. Median computed from 70 priced corridors across 22 distinct chart cells (a chart cell = one points price × cabin). Pricing basis: dynamic. Value source: v5.3 route database, cardholder-adjusted — everyday (economy + short-haul) 1.5¢ on 70 routes (weight 100%). Surcharge drag: 2.8%.
The Companion Pass is the real asset — it doubles effective value; without it, treat points as cash back
2 of 6 bank currencies transfer in — Chase UR 1:1 · Bilt 1:1. Rapid Rewards cardholders receive 10% of points back on redemptions
Chase 1:1 Bilt 1:1
Every seat, every flight — availability is total because value is fixed
~1.3¢ fixed value; a rebate wearing a loyalty costume
Cardholder tier. Co-brand cardholders receive 10% off award pricing; the rating reflects this tier.
| Index | Rating | Score | Median (net) |
|---|---|---|---|
| Master | B | 36.1 | 1.46¢ |
| Domestic USA | B | 36.0 | 1.46¢ |
| International | NR | — | — |