Adam McCann, Financial Writer
@adam_mcan
1,000 reward points are worth around $10, 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. Below, you can find examples of how much 1,000 reward points are worth across various credit card, hotel and airline rewards programs.
How Much 1,000 Reward Points Are Worth
| Rewards Program | Value of 1,000 Reward Points |
| $7.7 | |
| $10 | |
| $9.5 | |
| $8.5 | |
| $8.3 | |
| $9.9 | |
| $22.7 | |
| $14 | |
| $14.2 |
Keep in mind that the values above are averages. Within a rewards program, points may be worth more for some redemption options than others. For example, you might get one cent per point toward travel but only 0.5 cents per point for cash back.
People also ask
How much are credit card points worth?
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 |
Are rewards credit cards worth it?
Rewards credit cards are worth it because they can save you a lot of money, as long as you avoid interest charges by paying your bill in full every month. The best rewards credit cards are worth more than $2,000 in savings for the average person over the first two years of use, even after annual fees.
You need good or excellent credit to get the most worthwhile rewards cards, however. Things aren’t as clear-cut for people with lower scores.
... read full answer by WalletHub, Financial CompanyHow are reward points calculated?
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.
Cost of Item in Dollars / Cost in Points = Value...
read full answer by Christie Matherne, Credit Card WriterDid we answer your question?
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