Cents Per Point (CPP) is a metric often discussed in award travel circles. It shall not be the goal of award travel to maximize CPP but merely used as a gauge to evaluate the value we are getting with our hard earned points and miles.

The formula is as follows:

To make the math easy we have created a calculator to help crunch the numbers. Opportunity Cost is often excluded which is why it’s an optional field in the calculation but to assess true value, especially for a high value redemption, it should not be overlooked.