PlayStation points are worth 0.9 cents each, on average. For example, 10,000 PlayStation points have a dollar value of roughly $90. As a result, PlayStation points are less valuable than the average retail rewards points, which are valued at 2.15 cents each.
The exact value of PlayStation points ultimately depends on how they are redeemed. They have the most value when used for store credit, but there are other options. The easiest way to calculate the value of PlayStation points for any redemption method is to determine the dollar value of what you're redeeming for, minus any taxes and fees that you'll still have to pay, and then divide that amount by the number of points you're required to redeem. For your convenience, here's the formula for PlayStation points:
Dollar Value of Redemption Item / Number of PlayStation Points Needed = PlayStation Point Value
How to Earn More PlayStation Points
It's important to remember that while you can't change the redemption values of PlayStation points, you can increase the rate at which you earn them. One of the best ways to increase the number of PlayStation points that you earn is to apply for the PlayStation Credit Card.
PlayStation Points vs. The Competition