In the world of travel loyalty in 2026, the term "points" is a general category, whereas Avios is a specific type of "currency" shared by a group of airlines including British Airways, Qatar Airways, Iberia, Aer Lingus, and Finnair. The primary difference is flexibility. "Points" (like Amex Membership Rewards or Chase Ultimate Rewards) are highly flexible and can be transferred into many different airline or hotel programs. Avios, once earned, are mostly locked into the "IAG/OneWorld" ecosystem. However, a unique feature of Avios in 2026 is that they are interchangeable at a 1:1 ratio between the accounts of these partner airlines; for example, you can move Avios from British Airways to Qatar Airways to book a "Qsuite" flight for better value. While 1 Avios is generally valued at about 1p (1.3 cents), the value of "points" varies wildly. Essentially, think of Points as "raw materials" and Avios as the "finished product" ready to be spent on a specific flight.