Credit Card Points Valuation Guide
How much are your points actually worth? Use these valuations to compare bonuses across different rewards programs.
How We Value Points
Point valuations are estimates based on average redemption value. The actual value you get depends on how you redeem: transferring to airline partners for premium cabin flights yields the highest value, while cashing out gives you the lowest.
Each row says what it is based on: issuer terms with the date we checked them, an issuer “up to” maximum for select offers, or a hypothetical editorial scenario with the date it was last maintained. None is a guaranteed rate.
Use the points calculator to see the estimated value of any bonus using these rates.
Transferable Points Programs
These are the most valuable points because you can transfer them to airline and hotel partners for outsized value.
| Cash back (statement credit)Hypothetical scenario, last maintained 2026-01-31 | 1¢ | $1,000/100K |
| Chase Travel redemption (standard rate)Issuer terms, checked 2026-10-07 | 1¢ | $1,000/100K |
| Points Boost, select offers (Sapphire Preferred, Ink Business Preferred, Ink Plus)Issuer "up to" maximum for select offers, checked 2026-10-07 | 1.5¢ | $1,500/100K |
| Points Boost, select offers (Sapphire Reserve)Issuer "up to" maximum for select offers, checked 2026-10-07 | 2¢ | $2,000/100K |
| Transfer partners (hypothetical average)Hypothetical scenario, last maintained 2026-01-31 | 1.8¢ | $1,800/100K |
| Transfer partners (hypothetical sweet spot)Hypothetical scenario, last maintained 2026-01-31 | 2.5¢ | $2,500/100K |
| Statement creditHypothetical scenario, last maintained 2026-01-31 | 0.6¢ | $600/100K |
| Amex Travel portalHypothetical scenario, last maintained 2026-01-31 | 1¢ | $1,000/100K |
| Transfer partners (hypothetical average)Hypothetical scenario, last maintained 2026-01-31 | 1.5¢ | $1,500/100K |
| Transfer partners (hypothetical sweet spot)Hypothetical scenario, last maintained 2026-01-31 | 2.2¢ | $2,200/100K |
| Statement creditHypothetical scenario, last maintained 2026-01-31 | 0.5¢ | $500/100K |
| Citi Travel portalHypothetical scenario, last maintained 2026-01-31 | 1¢ | $1,000/100K |
| Transfer partners (hypothetical average)Hypothetical scenario, last maintained 2026-01-31 | 1.4¢ | $1,400/100K |
| Transfer partners (hypothetical sweet spot)Hypothetical scenario, last maintained 2026-01-31 | 2¢ | $2,000/100K |
| Statement creditHypothetical scenario, last maintained 2026-01-31 | 0.5¢ | $500/100K |
| Capital One Travel portalHypothetical scenario, last maintained 2026-01-31 | 1¢ | $1,000/100K |
| Transfer partners (hypothetical average)Hypothetical scenario, last maintained 2026-01-31 | 1.4¢ | $1,400/100K |
| Transfer partners (hypothetical sweet spot)Hypothetical scenario, last maintained 2026-01-31 | 1.8¢ | $1,800/100K |
Airline Miles
Airline mile values vary widely by redemption type. Premium cabin redemptions can yield 2-5x the value of economy redemptions.
| Pay with MilesHypothetical scenario, last maintained 2026-01-31 | 1¢ | $500/50K |
| Domestic economyHypothetical scenario, last maintained 2026-01-31 | 1.1¢ | $550/50K |
| International businessHypothetical scenario, last maintained 2026-01-31 | 1.5¢ | $750/50K |
| Domestic economyHypothetical scenario, last maintained 2026-01-31 | 1.1¢ | $550/50K |
| International premium cabinHypothetical scenario, last maintained 2026-01-31 | 1.8¢ | $900/50K |
| Excursionist perkHypothetical scenario, last maintained 2026-01-31 | 2¢ | $1,000/50K |
| Business SelectHypothetical scenario, last maintained 2026-01-31 | 1.1¢ | $550/50K |
| Wanna Get AwayHypothetical scenario, last maintained 2026-01-31 | 1.4¢ | $700/50K |
Hotel Points
| Airline transfer (3:1)Hypothetical scenario, last maintained 2026-01-31 | 0.5¢ | $500/100K |
| Hotel redemption (average)Hypothetical scenario, last maintained 2026-01-31 | 0.7¢ | $700/100K |
| Hotel redemption (aspirational)Hypothetical scenario, last maintained 2026-01-31 | 1.2¢ | $1,200/100K |
| Standard hotel redemptionHypothetical scenario, last maintained 2026-01-31 | 0.4¢ | $400/100K |
| 5th night free redemptionsHypothetical scenario, last maintained 2026-01-31 | 0.5¢ | $500/100K |
| Aspirational redemptionsHypothetical scenario, last maintained 2026-01-31 | 0.6¢ | $600/100K |
How to Get the Most Value from Your Points
Transfers to airline partners can be worth more than a portal booking, depending on the route and dates; our transfer rows are hypothetical scenarios. Chase Travel is 1 cent per point outside Points Boost offers, according to Chase.
Some airline programs have fixed-rate award charts with outsized value on specific routes. Hyatt points, for example, are consistently worth 2+ cents when redeemed at high-end properties.
Cashing out is simple but may give less per point than a transfer, depending on the redemption. Our cash-out and transfer rows are hypothetical scenarios with the dates shown above, so check your issuer's current rates first. If you mainly want cash, a cash back card avoids the comparison.
Always check the cash price of what you're booking and divide by the points cost to get your actual cents-per-point value. If it's below the baseline valuations above, look for a better redemption.
Frequently Asked Questions
How much is a Chase Ultimate Rewards point worth?
Chase terms: Chase Travel redemption (standard rate) at 1 cent per point. Select promotional offers can raise that to up to 1.5 cents per point (Sapphire Preferred, Ink Business Preferred, Ink Plus) or up to 2 cents per point (Sapphire Reserve), depending on the card and offer; offers rotate and depend on availability. Sapphire Reserve cardmembers who applied before June 23, 2025 can redeem points earned before October 26, 2025 at 1.5x on Chase Travel until October 26, 2027. We checked these Chase terms on October 7, 2026; each row shows its own date. Transfer-partner values vary by redemption; our transfer rows are hypothetical scenarios, not Chase terms.
How much is an Amex Membership Rewards point worth?
It depends on how you redeem. Our American Express rows are hypothetical editorial scenarios, last maintained on January 31, 2026, not American Express terms: statement credit 0.6 cents; amex travel portal 1 cents; transfer partners (hypothetical average) 1.5 cents; transfer partners (hypothetical sweet spot) 2.2 cents. Check American Express's current terms before redeeming.
Are airline miles worth more than cash back?
It depends on how you redeem them. Airline miles transferred from flexible points programs and redeemed for premium cabin flights can be worth 2-5+ cents each. But if you redeem miles for economy flights or non-travel purchases, they're often worth less than 1 cent. Cash back is always worth face value.
Why do different sites give different point valuations?
Point valuations are estimates, not fixed exchange rates. They depend on how you redeem — transferring to airline partners for business class yields higher values than booking economy through a portal. Different sites use different assumptions about average redemption behavior.