Quick Overview
- Standard Value: Most travel rewards points and miles are worth 1 cent each when redeemed for travel, making 10,000 points or miles equal to $100 in travel value.
- Higher Value with Flexibility: Programs offering flexible rewards points that can be converted into frequent flyer miles, hotel points, or other rewards typically provide 1–2 cents per point (or more) for travel redemptions.
- Lower Value Redemptions: Redeeming points for statement credits, gift cards, or other cash-back-like options usually yields less than 1 cent per point, making them less optimal.
Explore the value of travel rewards points and miles and find out how much they are worth on average with our calculators.
Flexible Travel Rewards programs
There are currently six major credit card rewards programs that earn flexible travel rewards points in the U.S.:
- American Express Membership Rewards
- Chase Ultimate Rewards
- Capital One Venture Rewards & Spark Rewards
- Citi ThankYou Rewards
- Bilt Rewards
- HSBC Rewards
Points and miles earned with these programs can be transferred to airline, hotel, and other partner programs which will typically give your rewards higher-than-average value.
American Express Membership Rewards Points Value
American Express Membership Rewards points are typically worth between 0.7 and 1 cent each when redeemed for travel directly through American Express. This means 10,000 points are worth approximately $70 to $100 on average.
Membership Rewards points can be transferred to a large list of airline and hotel partners for significantly higher value. This can get you as much as 2 cents or more per point.
Read More: AMEX Points Value Calculator: What Are Your Points Worth?
Chase Ultimate Rewards Points Value
Ultimate Rewards points can be redeemed for anywhere between 1 and 1.5 cents per point towards travel using the Chase Travel℠ portal. This means 10,000 points is equal to $100 to $150 depending on which Chase credit cards you own.
You can transfer points to Chase's airline and hotel partners to obtain as much as 2.1 cents or more in value per point.
Read More: Chase Points Value Calculator: What Are Your Points Worth?
Capital One Miles Value
Capital One Venture Miles and Spark Miles are worth 1 cent each when redeemed towards travel purchases made to a Capital One credit card or through Capital One Travel. This means 10,000 miles would be equal to $100 on average.
Capital One miles can be transferred to several airline and hotel rewards programs which can net you as much as 2 cents per point in value.
Read More: Capital One Miles Value Calculator: What Are They Worth?
Citi ThankYou Rewards Points Value
Citi ThankYou Points are worth 1 cents each on average meaning that 10,000 points is equal to about $100. You can transfer ThankYou points to a handful of airline partners, most of which are international 5-star airlines, for significant value.
Read More: Citi Points Value Calculator: How Much Are Points Worth?
Bilt Rewards Points Value
Bilt Rewards points are worth 1.25 cents per point when redeemed for travel booked through the Bilt Travel portal and 1.5 cents per point when used towards the down payment on a new home. If you're looking for the best value, Bilt Rewards points can be converted into airline miles and hotel rewards points with a handful of partners which can give you as much as 2 cents or more per point in value.
Read More: Bilt Points Value Calculator: How Much Are Points Worth?
HSBC Points Value
HSBC points are worth 1.25 to 1.5 cents each on average based on which HSBC credit card you have. This means that 10,000 points would be worth $125 to $150 in value.
HSBC points can be transferred to a small, but useful, handful of partners which can net you as much as 2 cents per point.
Standard Travel Rewards points and miles
Points and miles from standard rewards programs are typically worth 1 cent each on average, with some exceptions. These rewards offer the best value when redeemed for travel, either through the issuer's travel portal or as a statement credit for eligible travel purchases charged to your card.
However, rewards from these programs cannot be transferred to frequent flyer programs, hotel loyalty programs, or other partner loyalty programs, limiting their flexibility for maximizing value.
Bank of America Points Value
Bank of American Points are worth 1 cents each on average for all redemptions. This means 10,000 points is equal to $100 in value.
Bank of America points cannot be transferred to partners, but you can earn up to a 75% point bonus based on how much you have invested with Bank of America and their partners. This allows you to earn a very large return using Bank of America credit cards (cash back cards included).
Read More: What's The Value of Bank of America Points?
Discover Miles Value
Discover Miles are worth 1 cent each for all redemptions meaning that 10,000 miles are worth $100 in value.
Read More: What Is The Value of Discover Miles?
Luxury Card Rewards Points Value
The value of Luxury Card points depend on which card you have. With points ranging from 1 to 2 cents each, 10,000 points would have a value of $100 to $200.
Read More: Luxury Card Rewards: Credit Cards & Point Value
PNC Points Value
PNC points are worth about 0.25 cents on average when redeemed for travel. This means that 10,000 points is equal to $25. This is one of the worst travel rewards programs in terms of value in the U.S.
Read More: What Is The Value Of PNC Rewards Points?
PNC Miles Value
PNC miles are worth 1 cent each on average when redeemed towards travel meaning that 10,000 miles would be equal to $100.
Read More: What Is The Value of PNC Miles?
U.S. Bank Altitude Points Value
Altitude Points are worth between 1 cent each when redeemed for travel. This means 10,000 points is worth anywhere from $100 to $150 on average.
We've run the calculations and checked them twice — here are the credit cards that consistently provide outstanding value to our users:
- Best flexible travel card: Capital One Venture Rewards Credit Card
- Best overall value year after year: Chase Sapphire Preferred® Card
- Best for high cash back: Blue Cash Preferred® Card from American Express
- Best for foodies: American Express® Gold Card
- Best for business travel rewards: Ink Business Preferred® Credit Card
- Best for heavy business spenders: Capital One Spark Cash Plus
