What a night actually costs in each program

“Luxury hotel” covers a $250 night in Bangkok and a $3,000 night in Milan, and the card programs list both. I wanted to know what a typical night in each program actually costs, so I took the snapshot this site published on August 28, 2026, about 9,800 priced listings holding roughly a year of nightly prices each, and measured. All figures are all-in, with taxes and fees added, and they are estimates from a hotel search engine, not portal prices. They will drift. The shape won’t.

The typical night, list by list

The median all-in nightly rate across every priced night, program by program: Capital One’s Premier Collection about $463, Amex FHR and THC together $534, Bilt’s Home Away From Home $620, Leading Hotels $637, Chase’s Edit $662, Citi’s Reserve $665 and Chase Renowned $671. So the three Chase-adjacent lists (Edit, Renowned and Citi’s Reserve, which is largely the same hotels) cluster within $10 of each other, Amex sits $130 under them, and Capital One sits $70 under Amex.

The quartiles say the same thing with more room. On The Edit, a quarter of nights were under $439 and a quarter over $1,054, with one night in ten over $1,645. On Capital One, a quarter were under $311 and a quarter over $721, with one in ten over $1,123. The Amex list is wide: a quarter under $359, a tenth over $1,398. Bilt is nearly as wide as Chase at the top, with a tenth of nights over $1,605, despite a cheaper middle.

How many hotels are cheap

A median describes the middle. The question most people are asking is how many hotels have a cheap night available at all, so here is the count of hotels whose cheapest upcoming night was under $300, list by list: Amex 1,164 of 3,159 priced, Bilt 525 of 1,816, Capital One 452 of 963, Renowned 316 of 1,306, The Edit 313 of 1,316, Citi 177 of 802, Leading Hotels 97 of 420.

Under $200 a night: Amex 424, Bilt 207, Capital One 177, Renowned 84, The Edit 82, Citi 47, Leading Hotels 24. And the other end, hotels with no upcoming night under $1,000: Amex 237, Bilt 186, The Edit 142, Renowned 134, Citi 73, Leading Hotels 38, Capital One 32.

Read as proportions, Capital One has the highest share of cheap hotels (47% under $300) and the lowest share of expensive ones (3% never under $1,000). Amex is second on both counts by share and first by raw number because the list is so large. The Edit is 24% under $300 and 11% never under $1,000, which is what a list built around Four Seasons and Marriott’s top brands looks like.

The two-night lists

The Edit and Citi’s Reserve are shown as two-night totals on this site because their credits require two nights. The median cheapest two-night Edit stay was about $903 and the median cheapest Reserve stay about $888. Against those, the credits are big: $250 back from Chase on the first two bookings of the year is 28% of a median stay, and Citi’s $300 off at booking is 34%. On the cheapest stays at the bottom of each list, a couple of hundred dollars for two nights in Dubai, Bilbao or Split, the credit is most of the bill.

For the per-night lists the median cheapest upcoming night was $314 on Capital One, $422 on Bilt, $432 on Leading Hotels and $449 on Renowned. That is the median of each hotel’s best night, so it runs well under the median of all nights; the best night at a $660 hotel is often $450.

Same hotel, same price, different credit

One thing to be clear about, because the numbers above might suggest otherwise: this site holds one price per hotel. A hotel in both The Edit and Renowned shows the same nightly figure on both tabs, because the figure comes from the open market and not from the portal. The Renowned median is $9 higher than the Edit median only because the lists differ at the edges. The portals do price the programs differently, and that gap is real, but it is not measured here.

What the site can show is that the cheapest list is not the one with the biggest credit. Capital One has no hotel credit at all and the cheapest hotels. Citi has the best credit mechanically and the second-most-expensive list. Which matters more depends on whether you are booking a $300 night or a $900 one, and the answer to that is usually the city, which is the subject of a separate piece.

How the numbers were made

Every figure comes from the published data files the site itself reads, for the seven collections, on August 28, 2026. “Median nightly rate” is the median over every priced night of every priced hotel in a list, so a hotel with more priced nights weighs more. “Cheapest upcoming night” is each hotel’s minimum priced night in its window, and the counts under $200 and $300 are counts of hotels by that figure. The two-night figures are the cheapest consecutive pair, the same calculation the grid uses. Nothing was excluded except nights with no rate. I’ll re-run this when the picture changes enough to matter, and the updated date at the top is the tell.