You can earn unlimited credit card rewards points with most credit cards that give points. Bank of America, Chase and Citibank do not limit the number of points that you can earn on their credit cards with points, for example, though you will naturally be limited by how much you can afford to spend and repay on a card.
How Many Credit Card Rewards Points You Can Earn by Company
50,000 bonus points for certain promotional rewards rates (unlimited otherwise)
*These issuers do not currently offer credit cards with points-based rewards, but there is no limit on how many miles you can earn with their miles-based cards.
Keep in mind that while you can earn unlimited points on many credit cards, you should redeem them often rather than saving them up. Accumulating an excessive amount of points isn’t usually a good thing, because you might lose them all if your account is ever closed. In addition, rewards devaluation may make the points worth a lot less than when you initially earned them.
Generally, you can earn as many credit card rewards points as you want. Credit card companies are fairly relaxed about how many points you can earn in total, and there’s no shortage of ways to get points with a rewards credit card.
To take full advantage of credit card points, it’s important to understand the different rewards structures of points-based credit cards:
Many cards give different rewards-earning rates depending on the purchase category. For example, a rewards credit card may give 3 points per $1 spent on dining, 2 points per $1 spent on travel, and 1 point per $1 spent on everything else.
Some cards offer high rewards-earning rates in bonus categories up to a specified spending cap. For example, a card might give 6 points per $1 spent on groceries, up to $5,000 spent per year. Any grocery spending after that will generally get you 1 point per $1 spent, though this base rate could depend on the card.
Other cards give a flat rewards rate for every purchase. An example of this would be a card that gives 1.5 points per $1 spent on all purchases. Flat-rate cards are great for everyday spending.
Credit card points are worth an average of 1 cent apiece, though credit card point values usually range from 0.5 cents to 1.5 cents per point, depending on the card and the redemption method. For example, you might spend 2,500 points on a $25 gift card, but the same number of points might only get you $15 when redeemed for merchandise.… read full answer
More credit cards reward users with points than you might think, too. For instance, some so-called “cash back” cards actually give points, which cardholders can redeem at a rate of 1 cent per 1 point.
Average Credit Card Point Values by Issuer:
Type of Credit Card Points
Average Point Value
Average Value of 1,000 Points
American Express Membership Rewards Points
$0.0076 (less than 1 cent)
Bank of America Travel Rewards Points
$0.01 (1 cent)
Chase Ultimate Rewards Points
$0.0125 (1.25 cents)
Citi ThankYou Rewards Points
$0.01 (1 cent)
U.S. Bank FlexPerks Rewards Points
$0.015 (1.5 cents)
Wells Fargo Go Far Rewards Points
$0.01 (1 cent)
High Credit Card Point Values:
U.S. Bank FlexPerks Gold: 1.5 cents per point when redeemed for plane tickets, hotels, and rental cars.
Chase Sapphire Reserve: 1.5 cents per point when redeemed for travel through Chase Ultimate Rewards; 1 cent per point for other redemption methods.
J.P. Morgan Reserve: 1.5 cents per point when redeemed for travel through Chase Ultimate Rewards; 1 cent per point for other redemption methods.
Chase Sapphire Preferred: 1.25 cents per point when redeemed for travel through Chase Ultimate Rewards; 1 cent per point for other redemption methods.
Citi Premier: 1.25 cents per point when redeemed for travel through Citi ThankYou; 1 cent per point for gift card redemptions; 0.5 cent per point for cash back redemptions.
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 calculate reward point values by dividing the dollar value of what you redeem points for by the number of points required to get that product or service. This will leave you with the value of a single reward point. For example, if a $500 plane ticket costs 40,000 points, that means each point is worth 1.25 cents when redeemed for airfare.… read full answer
Cost of Item in Dollars / Cost in Points = Value of 1 Reward Point
In many credit card rewards structures, point redemption values change depending on what you redeem them for. Some credit cards give more value point-for-point on travel redemptions than cash back, for example. The average credit card reward point value is 1 cent, for reference.
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