What’s the Value of TAP Portugal Miles&Go Miles?

Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card holders have an easy way to book cheap flights to Europe — by transferring miles to TAP Portugal.

Based on our analysis, the short answer is: 0.8 cent each.

This is a baseline value, drawn from real-world data on hundreds of economy routes, not a maximized value. In other words, you should aim for award redemptions that offer 0.8 cent or more in value from your TAP Portugal miles.

Our estimated value of 0.8 cent per TAP Portugal mile provides a lower-end value you can use to determine the relative value of your own redemptions. It is based on comparing main cabin fares using both cash and miles, across several dates and destinations.

In other words, this is the value you can expect to get from your TAP Portugal miles without seeking particularly high-value redemptions. This means you can get more value by looking for sweet spots and using more advanced award techniques. It also means you can end up getting lower value than this if you’re not careful.

» Learn more: How to make the most of flying in TAP Portugal's economy class

How much are TAP Portugal miles worth in dollars? With the calculator below, you can figure out your TAP Portugal miles value based on our value.

TAP Portugal miles are best for last-minute flight deals. We looked at redemption rates for awards booked 15 days before departure, 180 days before departure and award flights during peak winter holiday times.

For economy redemptions, the valuation was 0.9 cent each for close-in bookings 15 days before departure and six months before departure. For holiday economy award flights, the valuation was slightly lower at 0.8 cent per mile.

As a member of the Star Alliance, you can redeem TAP Portugal miles for award flights on alliance members like United, Air Canada or ANA.

TAP Portugal is well-known for offering extremely affordable one-way flights from the U.S. to Europe. It's possible to find award flights in economy class for less than 20,000 miles.

» Learn more: The beginner's guide to points and miles

We collected hundreds of data points comparing the cash value with award (TAP Portugal miles) value for the same routes and dates. That is, we compared the cost of a given ticket in either cash or miles, across many tickets.

This method differs from others in that it looks at actual redemptions rather than hypothetical, maximized redemptions. The advantage of this approach is that it provides a real-world indication of how much these miles are worth, on average. That said, it doesn’t take into account the high-value redemptions that points enthusiasts seek.

Wondering what you can do with those TAP Portugal miles? Check out our point collector's guide to TAP Portugal Miles&Go, what to expect when you fly TAP Portugal first class and learn which credit card is best for international award travel.

Featured photo courtesy of TAP Portugal.