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) | $7.60 |
Bank of America Travel Rewards Points | $0.01 (1 cent) | $10 |
Chase Ultimate Rewards Points | $0.0125 (1.25 cents) | $12.5 |
Citi ThankYou Rewards Points | $0.01 (1 cent) | $10 |
U.S. Bank FlexPerks Rewards Points | $0.015 (1.5 cents) | $15 |
Wells Fargo Rewards Points | $0.01 (1 cent) | $10 |
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.
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