Christie Matherne, Credit Card Writer
@christie_matherne
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 | $7.19 |
| Bank of America Travel Rewards | 0.6 cents | 1 cent | $8.50 |
| Chase Sapphire Preferred Ultimate Rewards | 0.8 cents | 1 cent | $9.50 |
| Citi ThankYou Rewards | 0.8 cents | 1 cent | $9.50 |
| U.S. Bank FlexPerks Rewards Program | 1 cent | 1.7 cents | $11.80 |
| Wells Fargo Rewards | 1 cent | 1 cent | $10.00 |
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
- Rates & Fees Best Overall Value: Chase Sapphire Preferred® CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Best Overall Value: Chase Sapphire Preferred® CardLearn MoreLearn Moreon issuer's website
- Best Overall Value: Chase Sapphire Preferred® CardLearn MoreLearn More
- Rates & Fees Travel Rewards: Chase Sapphire Reserve®Learn MoreLearn Moreon issuer's website
- Rates & Fees Travel Rewards: Chase Sapphire Reserve®Learn MoreLearn Moreon issuer's website
- Travel Rewards: Chase Sapphire Reserve®Learn MoreLearn More
- Rates & Fees Initial Bonus: Citi Strata Premier® CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Initial Bonus: Citi Strata Premier® CardLearn MoreLearn Moreon issuer's website
- Initial Bonus: Citi Strata Premier® CardLearn MoreLearn More
- Business Points: Ink Business Preferred® Credit CardLearn MoreLearn More
- Business Points: Ink Business Preferred® Credit CardLearn MoreLearn Moreon issuer's website
- Business Points: Ink Business Preferred® Credit CardLearn MoreLearn More
- Best Overall 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.
People also ask
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. The worth of your points depends on the rewards program, as well as what you redeem them for. For example, you might spend 1,000 points on a $10 gift card, while the same number of points might get you less when redeemed for merchandise.
Credit Card Point Values by Rewards Program
| Rewards Program | ... | Best Redemption Option |
How many credit card points equal a dollar?
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.
Number of Credit Card Points for $1 by Company
| Reward Program | Average Value of 1 Point | Number of Points to Equal a Dollar |
Why was my Ally Everyday Cash Back Mastercard application denied?
Your Ally Everyday Cash Back Mastercard® application may have been denied for various reasons, such as insufficient disposable income, too much debt, a recent or unresolved bankruptcy on your credit report, or being under 18 years old. You should receive a letter from Ally Bank explaining the exact reason for the denial.
If you feel your application deserves a second look, you can call Ally Bank to ask for reconsideration. However, you’re only likely to succeed if you can...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.