Full glossary
valuation
Award Chart
Frequent Flyer Award Chart
Definition
A published table of how many points an airline charges for various routes and cabins. Originally fixed (legacy programs); now mostly replaced with dynamic or region-based charts.
Why it matters
Fixed award charts (Aeroplan, Singapore KrisFlyer, BA Avios) are the most-predictable. Dynamic charts (Delta, United, Bonvoy) charge what supply/demand dictates and are harder to plan around.
Related terms in valuation
CPP
The cash value you get for each point spent on a redemption, expressed in cents. Example: 30,000 points for a $600 hotel night = 2¢/pt CPP.
Off-Peak
Some programs (Iberia, Avianca, World of Hyatt) charge fewer points for awards on dates outside peak travel demand.
Redemption Rate
Same as CPP, the cents-per-point value you realize on a specific redemption.