Values of points and miles

Last UpdatedMarch 5, 2024

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By: Robert Flowers III. If you want to buy a $100 flight with your Rapid Mar 18, 2024 · Alaska Airlines Visa® Business card. Routes under 500 miles include most flights within the Northeast of the United States and to and from Toronto Mar 19, 2024 · Earn Amtrak points by taking the train. This works out to 60,000 cents. Southwest elite status Sep 13, 2017 · Likewise, redeeming points for cruise discounts via CruisesOnly. So, I turned to the internet for help. 17%. 3 points per dollar at restaurants, supermarkets, gas and Apr 30, 2020 · At that time I reduced the value of a Bonvoy point, which roughly tracks the dividing line between when you would pay cash or consider using your miles or points, from 0. The absolute best way to learn the points and miles game is by earning and redeeming points. To qualify, you'll need to make $3,000 or more in purchases within the first 90 days from account opening. • 2 points per $1 on Rapid Rewards hotel and car rental partner purchases, on local transit and commuting Jan 11, 2023 · Overall, our research looks at the average per-point value you can expect from the top rewards programs based on the most common ways Americans use points and miles. Next divide this by the total number of points used: 30,000 points. Dec 28, 2023 · The value of Frontier miles will vary depending on how you redeem them. BEST LOUNGE ACCESS. Turkish Miles&Smiles: 1. Our calculated value per point/mile (in cents) BILT Rewards. This mainly due to the fact that most award redemptions with Emirates are very costly. 266 cents and 0. 10 points per dollar on hotels, car rentals and attractions (excluding air travel) booked on the Citi travel portal. Apr 9, 2024 · Step 2: Pick your first redemption goal. 75) by 100 and dividing the result by the award price (480,000 points). In order to calculate Discover miles needed, you will simply need to multiply the cost of your flight by 100. Dec 29, 2023 · The Point Calculator values KrisFlyer Miles to be worth 1. Transfer points to partner airlines. For example, if a Suites flight from Singapore to New York costs either S$21,202 or 264,000 miles + S$210, then the value per mile is: (S$21,202-S$210)/(264,000 miles)= ~8 cents per mile Dec 19, 2023 · 2) Points and Miles Can Be Offset by Late Fees and Interest Charges. 014 base) $95 More info. TPG publishes a monthly valuation of popular mileage currencies. The biggest caveat to all of this is that the monetary value of the points and miles earned as credit card rewards can easily May 30, 2024 · For our NerdWallet estimate of 1 cent to 2. Rewards program. Mar 15, 2024 · Rewards. Mar 31, 2023 · The points or miles value is based on the reward-to-dollar ratio on: Airlines: Economy-class round-trip flights leaving July 12, 2023, and returning July 17, 2023, not including taxes and fees on Sep 14, 2023 · The value of points and miles varies. From the question, we have the following parameters that can be used in our computation: 5 miles = 8 kilometres. Dollar Equivalent: $840 (60,000 United MileagePlus Miles * 0. Mar 18, 2024 · According to Business Insider's points and miles valuations, Alaska Airlines miles are worth 1. A midvalue redemption option is to use your Chase points for virtually any kind of travel booking: Flights, hotels, cruises, tours and rental cars via Chase Travel. Let's dive in. 2 cents. This is a baseline value, drawn from real-world data, not a maximized value. Oct 25, 2018 · Next, the KrisFlyer program is a 1:1 partner of all the major transferable currencies: American Express Membership Rewards, Chase Ultimate Rewards and Citi ThankYou Rewards. A $100 ticket would require 10,000 points at 1 cent per point, but a $10,000 award would require 1,000,000 points Jul 7, 2021 · We determined that the average value of a mile in 2021 is 1. Card benefits: Jun 3, 2024 · American Express Membership Points are worth 1 cent each on FHR & flights booked in the portal. Identify earning gaps and round out your wallet. Up to 0. Chase Ultimate Rewards points are worth 1 to 1. 4 cents each. You're looking at an average round trip price of 80,000 to 100,000 miles in Economy, 150,000 to 250,000 miles in Business, and 180,000 to 360,000 in miles First. May 30, 2024 · Based on our analysis, the Marriott points value is about 0. Get the latest points, miles and travel news by signing up for TPG's free daily newsletter. 6 days ago · Capital One VentureOne Rewards Credit Card. Step 1: Determine the cash value of the flight or hotel you are wanting to book. If a family member falls ill and you absolutely have to be there, redeeming miles (even at a poor value) can help you preserve cash. Using the TPG calculator is easy. This calculation becomes more complex for international or premium cabin travel, as the cash value of such tickets is often much higher. In most cases, you’ll need to divide the cost of the product in cash by the number of miles or points it would take for redemption. 74 cents in value Nov 3, 2023 · If it's around $350, you might value your miles at 1. May 16, 2024 · If you redeem your points for cash back or statement credits at the lower-value end, each point is typically worth 1 cent. Here's how and why I'm changing up my points and miles strategy for 2024 to no longer focus my energy on earning Avios to redeem for flights. 1. 13. However, unlike a traditional currency where you can use $1 to pay for something worth $1, the value of the points and miles can vary hugely depending on how you choose to use them. For example, if a flight costs $300 and requires 20,000 miles to book, the redemption value is $0. Up to 1. Aug 18, 2022 · Travel rewards points and miles are worth 1 cent each on average, but can be worth as much as 2 cents or more for flexible travel rewards programs. To get that number, we take the cost of the ticket and divide it by the number of miles being redeemed, or $20,000 ÷ 70,000 = $0. Jan 1, 2021 · In general, however, you are redeeming fixed-value points for tickets that could otherwise be purchased with cash. The truth is that there’s no valuation for these currencies that everyone will agree on. For example, Southwest Rapid Rewards points rarely deviate from the value of 1. com will only give you 0. Points & Miles To Pounds Calculator. $0 Intro for the First Year, then $95. You’ll end up with 2 cents per point when all is said and done. Apr 26, 2024 · At this point, however, I've hit something of a points and miles crossroads, and I'm now adjusting my earning and redemption strategies to eke out as much value from my points as possible. Verdict: (Definitely) book with miles. Card benefits: Oct 22, 2022 · Travel rewards points and miles are worth 1 cent each on average, but can be worth as much as 2 cents or more for flexible travel rewards programs. Earn 70,000 bonus points after you spend $10,000 on eligible purchases in the first three months of card membership. Track all your points, miles and rewards in one place. American Airlines AAdvantage. Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. 531 cents per point. Feb 22, 2024 · For example, if you cash in flexible points for a statement credit to your account, you may only get 1 cent per point in value. Mar 21, 2024 · Value per Mile/Point. Earn 20,000 bonus Mar 1, 2024 · Redeeming Southwest Points for gift cards will give your points a value of between 0. Aug 30, 2023 · 0. Points & Miles To Dollars Calculator. Chase Ultimate Rewards®. Nov 16, 2023 · Earn 70,000 bonus ThankYou points after you spend $4,000 in purchases within the first three months of account opening. Bank of America Travel Rewards Credit Card. This means 10,000 Avios can be worth anywhere from $100 to $200 on average depending on how you use them. Cash back. 5 cents each, so 6,000 points are worth $90. Working out the values of m and n. 531 cents when you redeem your points for gift card denominations of $50 or higher. Since you used 70,000 miles to cover a $980 flight, your miles would be worth 1. Mar 3, 2023 · I started in the points and miles world as a college freshman in 2014. While it can be useful to think of points as being worth about 1 cent apiece, there are ways to squeeze more value out of each point. Two programs, Delta and JetBlue, have returned to or exceeded pre-pandemic levels with their latest valuation. Select a program and enter total rewards to get the average cash value based on redemption. com. Mar 23, 2024 · I often get asked how much I value various miles & points currencies, including those issued with credit cards, airlines, and hotels. If you’re able to purchase a $50 gift card for 5,000 points, that gives you a CPP of $0. 5 cents to 1. 015. Credit card rewards programs typically offer more dependable Mar 9, 2024 · Getting value from your points and miles starts with knowing their worth. Preferred Rewards clients can earn a 25% to 75% point bonus which comes out to earning up to 2. The current AmEx points value is 2. Feb 11, 2022 · In this case, 60,000 United miles are worth $678 according to our valuations. 6 cents → 0. Earn double miles on shopping and advertising (up to $50,000 per year); a $200 Delta flight credit after you spend $10,000 in eligible purchases on your card in a calendar year; a new $150 Delta Stays credit. Sep 20, 2020 · Points and miles are a form of currency, so they have value. It’s a very simple calculation: simply take the dollar value of your redemption, turn it into cents (shift the decimal), and Mar 11, 2024 · 55 percent of consumers surveyed who did use their rewards have redeemed rewards for cash back and gift cards, while 13 percent have redeemed their rewards for a free flight and 16 percent for a Dec 26, 2023 · Chase Points Value. • 3 points per $1 on Southwest purchases. 62 points per $1 spent on all purchases. Maximize your travel with hands-on travel advice, guides, reviews, deal alerts, and more from The Points Guy. 3 cents in value across the board. Every month, TPG publishes valuations for all the major loyalty programs. You might be able to get a slightly higher value if you book holiday flights with points. 4 cents to 1. 4 US cents each ( 1. These miles are Nov 2, 2023 · Each person will need different cards and plans for these choices. 285. For example, if high-end hotels are a must for you, Hyatt could be an excellent pick due to its point value being highest at 2. Maximize points on every purchase. Jun 16, 2023 · This will give you an average of 10 to 15 cents per reward mile meaning that 1,000 AIR MILES be worth roughly $100 to $150 in cash value. 2 cents per Ultimate Rewards® point, we factored in three variables: The overall value is determined as: A weighted average between (1) and (2), with Mar 3, 2020 · With Alaska charging you 70,000 miles for this flight (and a negligible amount of taxes, under $100), you'd end up with a redemption value of about 29 cents per mile. 5 cents each. Feb 21, 2024 · In general, 1 eligible AAdvantage mile earned is equal to 1 Loyalty Point. For example, lets say that you converted 70,000 Venture miles into 70,000 British Airways Avios to book a flight that had a cash cost of $980. 5 cents per point on average, but you can get as much as 2 cents or more transferring them to Chase's airline and hotel partners. 2 days ago · Since Ultimate Rewards points typically transfer to Aeroplan at a 1:1 ratio, this bonus means that 1,000 Ultimate Rewards points would turn into 1,200 Aeroplan points. 3 cents. Intro Offer. For example, if you were to transfer 80,000 Membership Rewards points to one of AMEX's airline partners to redeem them for a $1,200 flight, your points would be worth 1. 8% return based on TPG valuations) Annual fee: $0 intro for the first year, $95 after that. Since AIR MILES redemptions on travel are pretty static, you can get even higher value for last minute bookings in which the cash price may have risen significantly. Members earn 2 points per dollar spent, plus a 25% bonus for business-class travel and a 50% bonus for Acela First class. Why We Geek Out. On average, 10,000 United miles would be worth $130. Calculate points and miles to dollars for airline miles, hotel points, credit card rewards, and more for popular programs worldwide. A higher offer may be available through Citi. Find limited-time offers for new credit cards. You can calculate your redemption value by multiplying the cash price ($10,549. 2 cents and 1. Other in-portal direct redemptions are worth 0. $149. 1 cent-0. 5 cents per mile. What’s New Six out of nine airline loyalty programs saw an increase in point values over the last year, and overall among the nine there was an average increase of 5. Note that Honors points transfers are said to take about 30 days, unless you pay $25 to have the miles show up in 10 days. Just because we saw 10,000 American Airlines AAdvantage miles are worth a certain amount doesn't mean you'll Jan 5, 2023 · Their values climbed to 1. (Cost of revenue flight – Taxes and surcharges on award flight)/ Number of miles required= Value Per Mile. Up to 2 cents for travel. 4 days ago · At a high level, the recommendation is made by setting a value for each airline's points or miles. 2 cents each, but plenty of redemptions result in a value of less than 1 cent per SkyMile. This means that (x, y) = (5, 8) Using the points (0,m) and (5,n), we have. 30. You are getting roughly 5. Miles can also be used for hotels, gift cards, and car rentals, but these will typically give your miles lower value. Up to 1 cent for travel. Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening. TPG values Aeroplan points at 1. Delta SkyMiles. It's also possible to transfer your Marriott Rewards points at a 3:1 ratio, and you'll earn a 5,000-mile bonus for every 60,000 points you transfer. That means one Bonvoy point should reasonably get you 0. Jan 14, 2024 · AMEX Points Value = Cash Cost of Redemption ÷ Points Required. 85 cents for travel. Here’s that math: ‍ [ (517 – 6) / 66,000] x 100 = 0. 5 cents (for the removal of many transfer partners) These valuations are solely my point of view after evaluating my utilization pattern, as a May 3, 2021 · Calculating the redemption value of your miles is relatively simple once you know how to do the math. Based on TPG's valuations, 50,000 Capital One miles are worth $700. Check out our Use Frontier Miles or Pay Cash Calculator to easily calculate the Jan 29, 2024 · The best sweet spot here is for the short-haul economy flights less than 500 miles on United Airlines and Air Canada, which can cost as little as 6,000 points. Ultimate Rewards points earned with Chase's credit cards can be transferred to Flying Blue at a 1:1 rate. Capital One Quicksilver Cash Rewards Credit Card. If you're working with airline points in a fixed-value program like the ones for Southwest Airlines and JetBlue, the decision becomes easier. This means 10,000 ThankYou points are worth anywhere from $100 to $200 in value. In other words, you should aim for award Feb 2, 2024 · Earn 75,000 bonus miles after you spend $6,000 on purchases in the first six months of card membership. Bottom Line: While the value of airline miles vs. 01 or 1¢ per point. 2 cents for the ticket in economy. 60 and divide by 24,000 SkyMiles for a value closer May 29, 2024 · Unfortunately, there’s no way to get outsized value from fixed-value points. Now that you know the basics, it's time to pick a redemption AVERAGE VALUE PER POINT/MILE. JetBlue TrueBlue. TPG currently values Rapid Rewards points at 1. Can fly to approximately 1,100 destinations worldwide. to Israel, eating away at the value of your "free" award. Apr 11, 2023 · How many Discover Miles for a flight. Likewise, spending $1,000 on a cobranded credit card would earn 1,000 Loyalty Points. 015 per mile. 8 cents to 0. You'll get the best value of 0. Every Discover mile is equal to 1 cent off the cost of your flight meaning that a $200 flight would cost 20,000 Discover miles. Based on our valuations, British Airways Avios are worth around 1 cent each for economy flights, but can be worth as much as 2 cents or more for business class flights. Here's our breakdown of Citi points value based on redemption: . Maybe it's earning enough points to pay for your in-laws to stay at a hotel over the holidays. How much are 10,000 KrisFlyer miles worth? Apr 30, 2024 · That said, the actual value you get from your miles will depend on how you use them. Last April, I also reduced the value of a United mile from 1. Travel programs that offer flexible points Redemption value is a metric to determine when to redeem your points or miles and when to book a paid rate. 2 cents each when redeemed for award flights. 4 cents → 1. How to calculate the value of your credit card points and miles. $99. 60 and then divide that by 6,500 SkyMiles to get a per-mile value of 1. If you're an Aeroplan® Credit Card holder, you can stack the current transfer bonus with the 10% bonus you'd normally get when transferring 50,000 or more Chase points. Dec 3, 2021 · The formula looks like this: ( (Cash Price - Taxes) / Miles or Points Required) * 100 = cent-per-point value. Page Also Available For: 🇺🇸 US 🇨🇦 CA. Earn 1x points on other purchases. 8 cents per mile, which is more than five times our current valuation. To calculate redemption value, divide the cost of a flight or hotel by the number of points or miles required to book it. Bank of America's Alaska Airlines Visa Business card currently offers a bonus of 50,000 bonus miles and Alaska's Famous Companion Fare from $122 ($99 fare plus taxes and fees from $23). May 22, 2024 · Meanwhile, Delta Air Lines SkyMiles are worth ~1. For first class, you'd take $219 - $5. This means that 10,000 points or miles would be roughly worth $100 in travel value. The cash price for a Main Cabin ticket would be $517, whereas the points cost would be 66,000 SkyMiles and $6 in taxes and fees. 0074. 91 Singapore cents at current exchange rates). You can also earn a 500-point bonus for referring a friend to the Amtrak Guest Rewards program. However, depending on your ticket, you may get more or less. 5 cents apiece on average. There are dozens of decisions and Sep 20, 2023 · American Express® Business Gold Card. 7 cents per mile. Sep 14, 2023 · Some programs have a fixed value for their points. This is because $1,200 divided by 80,000 points is $0. Miles are unlimited and have no expiration date. The Bank of America® Travel Rewards credit card is great option if you're looking to earn rewards towards travel at a flat rate of 1. In the past, you could have paid hundreds of dollars in fees for a premium cabin ticket from the U. The average value of travel points and miles are about 1 cents each. Limited-time offer: Earn 60,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open. Dec 27, 2023 · Flight redemptions with Emirates will give your miles a value of about 1 cent per point on average. Oct 14, 2023 · Citi ThankYou points are worth 1 cent per point on average, but can be worth as much as 2 cents per point when transferred to Citi's airline and hotel partners. 2 cents per mile and outperforming their legacy carrier competitors, like Apr 12, 2023 · It’s the estimated value of a reward point or mile when it’s redeemed for travel. Find out more about how we set the value of airline miles, hotel points In the US, One Mile at a Time values KrisFlyer miles at 1. 5 cents per mile respectively, putting them ahead of the 2021 average value of 1. As the one-way cash price of this flight is $3,467, your 60,000 miles save you $2,783, which is a steal of a deal. Another way to use rewards to book flights is by transferring the rewards to a partner airline. However, when money is tight, keeping a stash of airline miles can help with emergencies. Rewards rate: 2x miles on all purchases (2. 3 cents per point, meaning 10,000 points should give you around $130 in value. 3 cents each. The plot of the line is attached. Jan 4, 2023 · Annual fee. Capital One Quicksilver Rewards Card. $863. According to its frequently asked questions, Points Path has determined median values of Aeroplan points, as well as miles on Alaska Airlines, American Airlines, Delta Air Lines, JetBlue and United Airlines. 1x - 2x Points More Info. 1 cents (for award devaluation) Alaska Mileage Plan: 1. If you have the Chase Sapphire Preferred, your points are Jan 17, 2024 · After careful and detailed analysis, Forbes Advisor has determined that the value of a Marriott Bonvoy point is $0. 5 points for every $1 spent. 4 points per dollar on two select categories where you spend the most each month, on up to $150,000 in combined purchases from these two categories each calendar year. I had long wanted to go on a solo adventure through Europe but couldn't afford the $1,000-plus round-trip ticket over winter break and pay for other expenses that would inevitably come up on the trip. Normally when you reach a valuation this Jun 6, 2023 · The values of m and n are n = 8 and m = 0. Jan 12, 2024 · Capital One Miles Value = Cash Cost of Redemption ÷ Miles Required To Book. 6 cents for cash back. b) Using the answer to (a) to Jun 4, 2024 · The card currently offers a welcome bonus of 75,000 bonus miles once you spend $4,000 on purchases within the first three months from account opening. You also receive an additional 5,000 ANA miles for every 60,000 Marriott Bonvoy points transferred. United miles are worth 1. So if a given airline ticket was selling for $100, and you had a fixed-value currency that gave you 1¢ per point towards travel, you would need 10,000 points for that ticket. Mar 21, 2024 · Amex is a 1:1 transfer partner with ANA, and transfers typically take 2 to 3 business days to complete. Dec 12, 2023 · Credit Karma’s standard point valuations for 2023. 5 cents each when redeemed for economy award flights. Latest news and updates in the points and miles world. 4 cents → 1 cent (for award devaluation) Standard Chartered: 0. Read More: United Miles Value Calculator & Best Redemption Options. Jan 11, 2024 · Singapore KrisFlyer miles are worth about 1. Calculate points and miles to pounds for airline miles, hotel points, credit card rewards, and more for popular programs worldwide. The most common way to earn Amtrak points is from your paid train tickets. 8 cent each. This means that 10,000 miles would have an average value of $120. S. 4 cents on average, but it's easy to get more than 2 cent in value for redemptions in First Class, Business Class, and Suites. 77¢. Chase points value (in cents) Point transfers to hotel partners. Jan 26, 2024 · Key Takeaways. For example, United Airlines MileagePlus miles were worth about 1 cent each in our last analysis, so 50,000 Jun 5, 2024 · This means the more expensive the ticket you want to book, the more points you'll need. Page Also Available For: 🇨🇦 CA 🇬🇧 UK. You can calculate the value of your miles by dividing the cash cost of your redemption by the amount of Frontier miles required. Step 3: Subtract the redemption taxes and fees (Step 2) from the total cash Step 1: Pick your first redemption goal. The value of airline and hotel rewards can vary dramatically depending on the rewards program and booking details. cash calculator Check here before booking an award fare. $0. 5-cent-per-point value on travel redemptions through Chase. 2 days ago · Get the latest news and deals, curated just for you. 011. Travel programs that offer flexible points Nov 10, 2022 · Airline miles are now worth an additional 0. May 8, 2024 · Chase Ultimate Rewards credit cards. n = 8 and m = 0. So, if you earn 500 base miles on an American Airlines flight, you earn 500 Loyalty Points. Jun 7, 2024 · 60,000 United MileagePlus Miles More Info. Step 2: Determine the redemption amount and any taxes/fees. 7 cents. 2. Chase offers three top-notch travel credit cards that feature excellent bonus categories and offers superb travel insurance. Due to the value you can get when redeeming with Capital One's excellent airline and hotel transfer partners, our valuations peg the value of this welcome bonus at $1,388. In this article, I'll discuss why I value United miles so highly and describe how you can start getting 5 cents or more per United mile. Here's the breakdown on Chase points value based on redemption: Redemption options. Jun 14, 2022 · Even so, I value my 500,000 MileagePlus miles at around $25,000 — more than four times TPG's valuations. Dec 24, 2023 · Avios Points Value. Sep 6, 2023 · If you’re trying to use your stash of SkyMiles, you get better value by taking that flight in economy. In most cases, you’ll typically get much more value this way. New offers keep popping up in the points and miles world. But if you transfer your points to a high-value travel partner, your Apr 16, 2021 · As an added benefit, the program has eliminated fuel surcharges. In this example, we would take $84 - $5. Every 1,000 Chase points you transfer will give you 1,000 Flying Blue miles. May 10, 2024 · 2. Award vs. Earn unlimited 3x points on restaurants, travel, gas stations, transit, popular streaming services and phone plans. 2 cents per point in value; for example, only $250 off a cruise costs a whopping 120,000 Honors points. $69. Frontier Miles Value = Cost of Redemption ÷ Miles Required. Dec 28, 2023 · Hawaiian Airlines Miles Value. For example, if the cost of a one-way flight in cash is $500 and the cost in miles is 45,000: 500 / 45000 = 0. Feb 10, 2021 · The easiest way to value points redemptions is to look at the cash value, or “cents per point” metric. You'll now pay a CA$39 ($29) per-person partner booking fee. Oct 20, 2022 · If that flight costs $500 (2 cents per mile) or more, that's generally a good use of your miles. Based on our valuations, Hawaiian Miles have an average value of 1. Apr 6, 2021 · First, take $600 and convert it into cents by multiplying by 100 (since there are 100 cents in a dollar). American Express Gold Card. 8 cents Nov 15, 2022 · Even with an annual fee of $550, the card provides outstanding value thanks to $300 in annual statement credit for travel, a long list of premium travel benefits and a 1. Miles. Sep 23, 2020 · Sign-up bonus: Earn 50,000 miles once you spend $4,500 on purchases within the first three months. hotel points is somewhat subjective, on average, airline miles have a higher cents per point/mile value than hotel points. Earning rates. Of course that nicely matches what we’re now quoting, but bear in mind Ben’s valuation is more suited to US-based travellers using the KrisFlyer program, rather than Singapore-based members. United MileagePlus®. See what a point or mile is worth with our appraisals of a loyalty program’s currency, based on redemption values. We also update our award calculator to help you decide when to redeem points or miles and when to book a paid rate. Marriott Bonvoy transfers to ANA at a 3:1 ratio and can take up to 7 business days. Now that you know the basics, it's time to pick a redemption goal to aspire to. 3 cents on average, but can be worth up to 2 cents when redeemed for First/Business class flights with United and their oneworld partners. Mar 19, 2024 · UPDATE: 19 MARCH 2024. Here's the number of Loyalty Points you must earn during the current qualification period Sep 4, 2023 · Why Calculating the Value of Your Points and Miles is Important. wc ae fr xh yw uk js ie kb rw