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Loyalty Program Devaluation Index
Latest prices: October 2026Checked Oct 16 – Oct 21, 2026Site updated Oct 21, 2026Next update: November 2026
Programs / Turkish Miles and Smiles

Turkish Miles and Smiles

Turkish Miles and Smiles is an airline program based in the Middle East and Africa. In October 2026 (prices checked October 16–21), one Turkish Miles and Smiles mile bought a median of 1.56¢ of travel across 6 priced searches on the same 3 flights checked every month; on the 6 searches priced in both September and October, its value fell 16.3%. One mile bought 2.10¢ in September and 1.63¢ in August.

What 50,000 miles bought$780 in October$1,049 in September · $815 in August
Change since September−16.3%on the 6 searches priced in both months, each compared with itself
Change since August−1.2%each month’s same-search change, chained over 3 months
Checks with a price18 of 18every search returned a price
Table 1. About Turkish Miles and Smiles · as of Aug 13, 2026
Publishes an award chart?YesSee the source
Did prices in miles change?Yes, on 3 of 3 itemsacross 18 mile prices seen
Need an account to see prices?NoAward prices are visible to anyone
Partner programs to redeem with32See the source
Credit card points that transfer in3 card programsCiti ThankYou 1:1, Capital One 1:1, Bilt 1:1
Published valuationsTPG 1.10¢ · NerdWallet 0.80¢How these compare

Notes from collection: “publishes minimum starting rate based on distance, but true fare varies greatly”

Item by item

What one mile bought on each flight, every month. Each item is checked twice: about 60 days before travel and about 180 days before.

Booked ~60 days aheadBooked ~180 days ahead× no price that month
Chart 1. Istanbul → Athens
IST–ATH · Economy
0.79¢1.93¢4.72¢AugSepOct
Chart 2. Istanbul → Johannesburg
IST–JNB · Economy
0.79¢1.93¢4.72¢AugSepOct
Chart 3. Istanbul → Johannesburg
IST–JNB · Business
0.79¢1.93¢4.72¢AugSepOct

All 3 charts share one scale, so their heights compare directly.

Chart 4. Every check compared with published valuations · 18 checks
Each checkMiddle checkTPGNerdWalletCents per point.
0.8¢1¢1.5¢2¢3¢4¢

Grey dots are individual checks. The white tick is the middle value. TPG and NerdWallet each publish one number per program; this index shows the whole range.

Every check, with its screenshot

Each row is one search. Click a thumbnail to open the screenshot it came from: “a” is the points search, “c” the cash search.

  • Istanbul → Athens · Economy1.21¢
    Aug (R1) · booked ~60 days ahead · travel Oct 14
    10,000 points · cash TRY 5,812.21 (≈ $121)
  • Istanbul → Athens · Economy0.97¢
    Aug (R1) · booked ~180 days ahead · travel Feb 10
    10,000 points · cash TRY 4,665.21 (≈ $97)
  • Istanbul → Johannesburg · Business2.05¢
    Aug (R1) · booked ~60 days ahead · travel Oct 14
    150,000 points · cash TRY 147,607.23 (≈ $3,072)
  • Istanbul → Johannesburg · Business4.10¢
    Aug (R1) · booked ~180 days ahead · travel Feb 10
    75,000 points · cash TRY 147,607.23 (≈ $3,072)
  • Istanbul → Johannesburg · Economy0.92¢
    Aug (R1) · booked ~60 days ahead · travel Oct 14
    70,000 points · cash TRY 31,101.84 (≈ $647)
  • Istanbul → Johannesburg · Economy2.14¢
    Aug (R1) · booked ~180 days ahead · travel Feb 10
    35,000 points · cash TRY 35,930.84 (≈ $748)
  • Istanbul → Athens · Economy0.97¢
    Sep (R2) · booked ~60 days ahead · travel Nov 4
    10,000 points · cash TRY 4,720.49 (≈ $98)
  • Istanbul → Athens · Economy0.97¢
    Sep (R2) · booked ~180 days ahead · travel Mar 3
    10,000 points · cash TRY 4,720.49 (≈ $98)
  • Istanbul → Johannesburg · Business4.11¢
    Sep (R2) · booked ~60 days ahead · travel Nov 4
    75,000 points · cash TRY 149,168.98 (≈ $3,081)
  • Istanbul → Johannesburg · Business2.05¢
    Sep (R2) · booked ~180 days ahead · travel Mar 3
    150,000 points · cash TRY 149,168.98 (≈ $3,081)
  • Istanbul → Johannesburg · Economy3.06¢
    Sep (R2) · booked ~60 days ahead · travel Nov 4
    24,500 points · cash TRY 36,315.74 (≈ $750)
  • Istanbul → Johannesburg · Economy2.14¢
    Sep (R2) · booked ~180 days ahead · travel Mar 3
    35,000 points · cash TRY 36,315.74 (≈ $750)
  • Istanbul → Athens · Economy0.96¢
    Oct (R3) · booked ~60 days ahead · travel Dec 16
    10,000 points · cash TRY 4,783.64 (≈ $96)
  • Istanbul → Athens · Economy0.98¢
    Oct (R3) · booked ~180 days ahead · travel Apr 14
    15,000 points · cash TRY 7,254.64 (≈ $146)
  • Istanbul → Johannesburg · Business4.10¢
    Oct (R3) · booked ~60 days ahead · travel Dec 16
    75,000 points · cash TRY 152,550.90 (≈ $3,077)
  • Istanbul → Johannesburg · Business2.05¢
    Oct (R3) · booked ~180 days ahead · travel Apr 14
    150,000 points · cash TRY 152,550.90 (≈ $3,077)
  • Istanbul → Johannesburg · Economy1.07¢
    Oct (R3) · booked ~60 days ahead · travel Dec 16
    70,000 points · cash TRY 37,104.61 (≈ $748)
  • Istanbul → Johannesburg · Economy2.14¢
    Oct (R3) · booked ~180 days ahead · travel Apr 14
    35,000 points · cash TRY 37,104.61 (≈ $748)
MonthItemBookedPointsPlus cashCash priceOne pointScreenshotsNotes
Aug (R1)
checked Aug 17
Istanbul → Athens · Economy~60 days
Oct 14 · 58d
10,000TRY 5,812.21
≈ $121
1.21¢
Aug (R1)
checked Aug 17
Istanbul → Athens · Economy~180 days
Feb 10 · 177d
10,000TRY 4,665.21
≈ $97
0.97¢
Aug (R1)
checked Aug 17
Istanbul → Johannesburg · Business~60 days
Oct 14 · 58d
150,000TRY 147,607.23
≈ $3,072
2.05¢
Aug (R1)
checked Aug 17
Istanbul → Johannesburg · Business~180 days
Feb 10 · 177d
75,000TRY 147,607.23
≈ $3,072
4.10¢
Aug (R1)
checked Aug 17
Istanbul → Johannesburg · Economy~60 days
Oct 14 · 58d
70,000TRY 31,101.84
≈ $647
0.92¢
Aug (R1)
checked Aug 17
Istanbul → Johannesburg · Economy~180 days
Feb 10 · 177d
35,000TRY 35,930.84
≈ $748
2.14¢
Sep (R2)
checked Sep 6
Istanbul → Athens · Economy~60 days
Nov 4 · 59d
10,000TRY 4,720.49
≈ $98
0.97¢
Sep (R2)
checked Sep 6
Istanbul → Athens · Economy~180 days
Mar 3 · 178d
10,000TRY 4,720.49
≈ $98
0.97¢
Sep (R2)
checked Sep 6
Istanbul → Johannesburg · Business~60 days
Nov 4 · 59d
75,000TRY 149,168.98
≈ $3,081
4.11¢
Sep (R2)
checked Sep 6
Istanbul → Johannesburg · Business~180 days
Mar 3 · 178d
150,000TRY 149,168.98
≈ $3,081
2.05¢
Sep (R2)
checked Sep 6
Istanbul → Johannesburg · Economy~60 days
Nov 4 · 59d
24,500TRY 36,315.74
≈ $750
3.06¢
Sep (R2)
checked Sep 6
Istanbul → Johannesburg · Economy~180 days
Mar 3 · 178d
35,000TRY 36,315.74
≈ $750
2.14¢
Oct (R3)
checked Oct 16
Istanbul → Athens · Economy~60 days
Dec 16 · 61d
10,000TRY 4,783.64
≈ $96
0.96¢
Oct (R3)
checked Oct 16
Istanbul → Athens · Economy~180 days
Apr 14 · 180d
15,000TRY 7,254.64
≈ $146
0.98¢
Oct (R3)
checked Oct 16
Istanbul → Johannesburg · Business~60 days
Dec 16 · 61d
75,000TRY 152,550.90
≈ $3,077
4.10¢
Oct (R3)
checked Oct 16
Istanbul → Johannesburg · Business~180 days
Apr 14 · 180d
150,000TRY 152,550.90
≈ $3,077
2.05¢
Oct (R3)
checked Oct 16
Istanbul → Johannesburg · Economy~60 days
Dec 16 · 61d
70,000TRY 37,104.61
≈ $748
1.07¢
Oct (R3)
checked Oct 16
Istanbul → Johannesburg · Economy~180 days
Apr 14 · 180d
35,000TRY 37,104.61
≈ $748
2.14¢