Converting Payback points to Miles & More miles: rate & tips
Payback is the easiest way for many people in Germany to earn Miles & More miles without flying. But is converting really worth it? We explain the rate, minimum amount and bonus promotions, and calculate when cash is the better choice. Information as of November 2026 — always check current terms directly with Payback.
The rate: 1 point = 1 mile
Payback points convert into Miles & More award miles at a 1:1 ratio. Conversion is possible from 200 points. There is no way back from miles to Payback points. Since 100 Payback points are otherwise worth €1, each mile effectively costs you 1 cent in forgone cash.
Wait for transfer bonuses
Several times a year there are promotions with extra miles. In 2026 there was a 25% bonus in January and 10% in July, each from 4,000 converted points. With a 25% bonus, 10,000 points become 12,500 miles — lowering the price per mile to 0.8 cents. If you don't need miles urgently, collect points and wait for the next promotion.
When is converting worth it?
The maths is simple: if you redeem miles for more than 1 cent each, you beat the cash payout. That works best with business or first class award flights. Merchandise or vouchers usually return far less than 1 cent — then a Payback cash payout is better. Remember taxes and surcharges that apply to award flights on top.
Auto-transfer and expiry
Payback offers an auto-transfer subscription that regularly moves your balance to Miles & More. It's convenient, but you lose the chance of transfer bonuses. Converted miles expire under Miles & More rules after 36 months at the earliest. Plan a specific redemption rather than hoarding miles.
Sources & terms
The MilesMarket editorial team covers mile values, award bookings and safe trading. We check prices and program rules against the programs' terms and our market data before publishing. Programs change, so details can go out of date; the program's current terms always prevail.
Editorial team & methodologyResponsible: Milesmarket Ltd · Legal notice
FAQ
- How many miles do I get for 1,000 Payback points?
- 1,000 Miles & More miles without a promotion; more during a transfer bonus.
- Can I convert miles back into Payback points?
- No, conversion only works in one direction.