TPG is paid astroturfing by the banks and it exists to pitch cards and inflate consumer perception of the value of points. Disregard it. If you want to use "re

TPG is paid astroturfing by the banks and it exists to pitch cards and inflate consumer perception of the value of points. Disregard it. If you want to use "reasonable" bootstrap values, I'd suggest using figures from Doctor of Credit, which is one of the few large blogs I actually trust. On this topic: https://www.doctorofcredit.com/common-loyalty-points-miles-valuation-mistakes/ https://www.doctorofcredit.com/common-loyalty-points-miles-v... One of the arguments made in this article is that many brands effectively "sell" points (e.g. by offering double point nightly rates), and the points should NEVER be valued above this. Specifically for MR points, they identify 1 cent as a "good" redemption and 0.85 as the "cash out" value: https://www.doctorofcredit.com/loyalty-programs/credit-card-loyalty-programs/american-express-membership-rewards-points-review/ https://www.doctorofcredit.com/loyalty-programs/credit-card-...