WalletHub, Financial Company
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UMB Simply Rewards points are worth 0.88 cents per point, on average. The value of UMB Simply Rewards points depends on how they are redeemed. For example, points from UMB Simply Rewards are worth up to 1 cent each when redeemed for gift cards, cash back or miscellaneous.
UMB Simply Rewards Point Values
Redemption Method |
Average Point Value |
Value of 1,000 Points |
Merchandise |
0.65 cents |
$6.50 |
Cash Back |
1 cent |
$10.00 |
Gift Cards |
1 cent |
$10.00 |
Miscellaneous |
1 cent |
$10.00 |
Tips for Maximizing the Value of UMB Simply Rewards Points
Use this card for bonus rewards categories purchases.
You’ll earn the most UMB Simply Rewards points per $1 spent on gas, groceries, discount stores, restaurants and fast food purchases. Maximizing the number of points you earn will ensure that you get the most redemption value possible at the end of the day.
Redeem UMB Simply Rewards points regularly.
UMB Simply Rewards points expire 60 months from the end of the billing cycle in which they're earned.
Redeem points for Cash Back, Gift Cards or Miscellaneous.
UMB Simply Rewards points are worth the most when redeemed for [best redemption method].
Pay your bill in full every month.
The UMB Simply Rewards card’s regular APR is high enough to erode your rewards earnings if you carry a balance from month to month.
Keep your account in good standing.
If UMB closes your account because of a failure to pay the bill or fraudulent activity, you’ll lose any unredeemed points you have saved. Similarly, any points you don’t redeem before closing your account will be lost.
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