Following the recent devaluation of Avios air miles, I thought it would be worth putting together a piece on what an Avios air mile or point is now worth.
My most recent use of Avios was to buy 3 one way tickets from Nice back to London in economy with British Airways. The tickets were for my Summer trip to the lively Monte Carlo which could be purchased for €307 EUR = £220 GBP for the 3 of us including taxes at the time that is most convenient to us.
When buying the fare I was offered £15 GBP off for 2,250 points valuing the Avios at £0.67 GBP or £75 GBP off for 11,250 points also valuing the Avios at £0.67 GBP.
I could alternatively spend 12,000 Avios on this flight and £52 GBP in taxes. £220 – £52 = £168 GBP for 12,000 points works out at £0.014 GBP per point or mile. So for me, an Avios mile used on European travel is worth £0.014 GBP.
I have been able to achieve over £0.05 GBP valuation of Avios when booking Club Europe flights out of Heathrow Terminal 5 to Nice which gives you entrance to the Galleries Lounges North and South which I have reviewed. But now there is the paid-for Aspire airport lounge in Heathrow terminal 5 departures that you can access with your Priority Pass, traveling Club Europe out of Heathrow is not quite as necessary from the point of view of benefits within departures. Of course, the Club Europe in-flight experience is very much better so I do like to treat myself where possible (see my article debating the merits of Club Europe here).
As a rule of thumb, spending Avios at a rate under £0.01 GBP is not a great deal. Anything above £0.01 GBP is a good deal, and if you can squeeze £0.014+ GBP value out of your Avios then you should snap it up.
For High Street shopping it is worth considering applying for a Curve Card where you can free cashback for applying and an additional 3% cashback on shopping at places like M&S and Argos. You can combine this card with a MasterCard or Visa Credit card to double-up on points.
Note: Benefits offered correct at the time of writing but may be amended at discretion of the vendor. Posts may be sponsored by the proprietor or brand being appraised. All opinions remain our own & are in no way influenced.