Points & Miles Valuations
How much is each point or mile actually worth? These are our cents-per-point estimates for the major programs, updated June 2026. Use them to decide whether a redemption is a good deal — if you're getting more than the value below, redeem; if less, you're often better off paying cash.
Transferable credit card points
The most valuable currencies — they transfer to airlines and hotels.
| Program | Value (per point) | Guide |
|---|---|---|
| Chase Ultimate Rewards | 2.0¢ | Read guide → |
| Amex Membership Rewards | 2.0¢ | Read guide → |
| Bilt Rewards | 1.9¢ | Read guide → |
| Capital One Miles | 1.85¢ | Read guide → |
| Citi ThankYou Points | 1.8¢ | Read guide → |
Airline miles
Value comes from premium-cabin and partner awards.
| Program | Value (per point) | Guide |
|---|---|---|
| Alaska Atmos Rewards | 1.4¢ | Read guide → |
| American AAdvantage | 1.4¢ | Read guide → |
| United MileagePlus | 1.3¢ | Read guide → |
| Southwest Rapid Rewards | 1.3–1.5¢ | Read guide → |
| Delta SkyMiles | 1.1–1.2¢ | Read guide → |
Hotel points
Lower per-point value, but you earn them in large amounts.
| Program | Value (per point) | Guide |
|---|---|---|
| World of Hyatt | 1.7¢ | Read guide → |
| Wyndham Rewards | 0.9–1.1¢ | Read guide → |
| Marriott Bonvoy | 0.7–0.8¢ | Read guide → |
| IHG One Rewards | 0.5¢ | Read guide → |
| Hilton Honors | 0.4–0.5¢ | Read guide → |
How to use these numbers
Multiply your points by the value to estimate what they're worth. For example, 60,000 Chase Ultimate Rewards points × 2.0¢ = about $1,200 in value. Want it done for you? Try the points value calculator.
These are realistic estimates of achievable value, not maximums or guarantees. Actual value depends on how you redeem — transferring to airline and hotel partners for premium travel almost always beats cash back or portal bookings. Figures reflect 2026 program terms and are reviewed periodically.