Credit card points are worth an average of 1 cent each, though point values usually range from 0.5 cents to 1.5 cents, depending on the card and the redemption method. For example, you might spend 2,500 points on a $25 gift card, while the same number of points might only get you $15 when redeemed for merchandise.
Credit Card Point Values by Reward Program
| Type of Credit Card Points | Minimum Point Value | Maximum Point Value | Average Value of 1,000 Points |
| American Express Membership Rewards | 0.5 cents | 1 cent | $7 |
| Bank of America Travel Rewards | 0.6 cents | 1 cent | $9 |
| Chase Ultimate Rewards | 0.8 cents | 1.25 cents | $10 |
| Citi ThankYou Rewards | 0.8 cents | 1 cent | $10 |
| U.S. Bank FlexPerks Rewards Program | 1 cent | 1.7 cents | $12 |
| Wells Fargo Rewards | 1 cent | 1 cent | $10 |
More credit cards reward users with points than you might think. For instance, some so-called “cash back” cards actually give points, which cardholders can redeem at a rate of 1 cent per 1 point. The most valuable points typically come from travel rewards cards, though.
Credit Cards with High Point Values
- Best Overall Value:
- High Maximum Value:
- Travel Rewards:
- Initial Bonus:
- Business Points:
It’s important to note that credit card points can get devalued at any time by the card issuer. That means the point values listed above can change. Usually, card issuers will reserve the right to change rewards programs – including point values – in the card’s terms and conditions. For example, a card issuer can decide that a $300 plane ticket should cost 1,000 more points than it does currently, which in turn lowers the redemption value of the reward point. That’s why cash back is usually a better value than points - $1 in cash back will always be worth $1.
You can learn more about what to watch out for – and how best to use your rewards points – from WalletHub’s full guide to credit card points.
This answer was last updated on 09/05/24 and it was first published on 01/08/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
Rewards rates will vary depending on the particular credit card you're using, but generally rewards are worth around 1 cent per point. If you earn 1,000 points, that would be worth around $10.
What is the value of each credit card point? ›
Rewards rates will vary depending on the particular credit card you're using, but generally rewards are worth around 1 cent per point. If you earn 1,000 points, that would be worth around $10.
What is the true value of credit card points? ›
Typically, credit card points are valued at 1 cent each. But the actual value you receive in exchange for your points can vary based on what you redeem them for and which card you have. Depending on the card, your redemption options might include: Travel.
How many credit card points is $1? ›
You need 100 credit card points to equal a dollar in most cases, though it can vary based on the card issuer and the redemption method. For example, you could get a higher dollar value when you redeem your points for travel instead of a statement credit, and some major issuers' points are worth less than average.
How much are 50,000 credit card points worth? ›
Chip Lupo, Credit Card Writer
50,000 Chase points are worth at least $500 if you redeem them for travel, cash back, or gift cards. You can get as much as $625 with a Chase Sapphire Preferred card or as much as $750 with Chase Sapphire Reserve if you redeem through the Chase Travel portal.
How much are 140,000 AmEx points worth? ›
How Much American Express Points Are Worth
| Number of American Express Points | Average Value |
|---|
| 150,000 | $1,005 |
| 140,000 | $938 |
| 130,000 | $871 |
| 120,000 | $804 |
2 more rowsDec 20, 2022
Chip Lupo, Credit Card Writer
100,000 Chase points are usually worth $1,030, whether you spend them on travel, cash back, gift cards, experiences or shopping. With a few Chase cards, 100,000 points can be worth 25% - 50% more when redeemed for travel through Chase Travel.
How to calculate the value of credit card points? ›
To answer this question, follow these steps:
- Determine the number of points earned per $1 spent.
- Determine the value of one point (Reward value / Points required for reward)
- Multiply the value of one point by the points earned per $1 spent.
If you're interested in cash back, each point is worth 1 cent.
What is the average credit points? ›
The average credit score in the United States is 705, based on VantageScore® data from March 2024. It's a myth that you only have one credit score. In fact, you have many credit scores, because there are many different types of credit scores and scoring models.
The value of 2 million AMEX points can vary depending on how they are redeemed. AMEX points can be used for a variety of rewards including travel, merchandise, gift cards, and statement credits. Assuming an average value of 1 cent per point, 2 million AMEX points would be worth $20,000.
Do credit card points expire? ›
While most credit card rewards programs have points that never expire, hotel and airline rewards tend to expire after 12 to 36 months. There are other ways to lose your credit card rewards outside of standard expiration, including account inactivity, becoming delinquent on your account and returning a purchase.
How to convert credit card points to cash? ›
These reward points are benefits offered by the bank and cannot be converted back into cash. Free air miles, vouchers, and various merchandise can be obtained with the accumulated points. The benefits can be maximised effectively by understanding the ways to earn and redeem the reward points.
How many points to buy a flight? ›
We sampled flight awards available with U.S. carriers and found that consumers need between about 5,000 and 140,000 miles to get a free one-way coach flight. Free flights in business or first class start at around 15,000 miles and climb to well over 400,000 miles one-way.
What is 50,000 Marriott Bonvoy points worth? ›
How Much Marriott Bonvoy Points Are Worth
| Category | Value |
|---|
| Average Value of 50,000 Points | $415 |
| Average Value of 1 Point | 0.3 cents |
| Maximum Value of 1 Point | 2.47 cents |
Jan 29, 2024
50,000 American Express points are worth an average of $385, though the exact value depends on which American Express credit card you have and what you spend the points on. You can get as much as $500 in value when you redeem 50,000 Amex points for Travel, but there are multiple redemption options.
How much is 1000 points worth? ›
How much are 1,000 credit card points worth? The value of 1,000 credit card points is $10 on average, though this is not universal.
How much money is 100,000 Chase points worth? ›
How much are 100,000 Chase rewards points worth? The math is the same as above, so 100,000 Ultimate Rewards points are typically worth at least $1,000. They could be worth more depending on the card you use and if you book through Chase's online travel portal.
How much is 10,000 points worth in dollars? ›
10,000 reward points are worth around $100 , on average, but the exact value depends on which rewards program is offering the points and how you redeem them. In some cases, your reward points could be worth a lot more or a lot less.
What are 1,000 credit card points worth? ›
Calculating credit card points value
For instance, if you are redeeming a reward that's worth Rs. 250 and it requires 1,000 points, then each point is worth Rs. 0.25 (i.e., 250 / 1000).
Best Overall Value:
