The Return of Valor Points in 9.0.5

What is Valor Points

Valor Points are a currency that is being added again in Patch 9.0.5 to help players gear up through the Mythic+ system. After Patch 9.0.5 hits Live realms you will be able to get it via various activities and redeem it to upgrade your Mythic+ gear up to Item Level 220. Please note that items looted prior to Patch 9.0.5 can't be upgraded.

The Valor currency currently has two caps at the moment:

A Maximum Cap starting at 5,000 during the first week of Patch 9.0.5 and increasing by 750 each week. This is the maximum amount of Valor that can be obtained on one character throughout the entire Season. This system works exactly the same as the Conquest system does, so If you miss a week, don't worry you can just earn extra next week.
An Inventory Cap of 1,500. This means that you can only hold 1,500 Valor in your currency tab at a time before you should spend it!

How to earn Valor Points

There are two ways to earn Valor Points: Callings and running Mythic+ dungeons.

Valor Points From Covenant Callings

Completing a Rare Calling in Patch 9.0.5 will award you with 35 Valor.

Completing an Epic Calling in Patch 9.0.5 will award you with 50 Valor.

Valor Points from Mythic+ Dungeons

The other way to earn Valor Points is by completing Mythic+ dungeons.

The exact value of Valor Points that are rewarded from Mythic+ dungeons isn't currently known and will be updated when we know more.

How the Valor system works

Each piece of dungeon gear from Item Level 184 to Item Level 220 that is obtained from Mythic+ Dungeons will be given a Rank from 1 to 12. This rank will be shown on the tooltip of the item. This includes items from the Great Vault, as long as they fall within the range of Item Levels. Upgrading a piece of gear will increase it by one rank.

Achievement Requirements to Upgrade Gear

There are four ranks that require an achievement pre-requisite to progress further.

Upgrading an item that is Item Level 213 (Rank 10) or higher requires Shadowlands Keystone Master: Season One.
Upgrading an item that is Item Level 207 (Rank 8) or higher requires Shadowlands Keystone Conqueror: Season One.
Upgrading an item that is Item Level 200 (Rank 6) or higher requires Shadowlands Keystone Explorer: Season One.
Upgrading an item that is Item Level 197 (Rank 5) or lower requires no achievement.

Those achievements are account-wide, which means that if you did an achievement on your main character, you get access to the same upgrade cap on all your alts.

You can purchase Shadowlands Keystone Master: Season One here: LINK

Valor Costs to Upgrade Gear

To upgrade a piece to the next Rank, you also will need an amount of Valor. This amount varies based on what gear slot you're upgrading. There are 6 different Valor costs with Weapons being the most expensive.