How we value points

Our valuations are conservative estimates of what one point or mile is worth in US cents. We build them from each program's own published terms and charts, never from another website's numbers.

Every program gets two figures. The floor is the value the program itself guarantees: a cash-out, statement-credit or fixed-rate portal redemption stated in its own terms. Programs that guarantee nothing get a floor of zero. The cents-per-point value (cpp) is the number used in your portfolio total.

Fixed-value currencies, such as cash back, Discover and Bank of America points, use their fixed value. Bank currencies that transfer to airlines and hotels (Amex Membership Rewards, Chase Ultimate Rewards, Citi ThankYou, Capital One, Wells Fargo) use the higher of their floor or 0.85 times the average cpp of their top one-to-one airline and hotel partners, capped at 1.8 cents. The 15 percent haircut reflects that most people will not always find the best seat or room.

For airline and hotel programs we start from the program's own award chart or fixed-price redemptions and compare them with typical cash prices for a small basket of common trips: a domestic economy round trip, a transatlantic economy and business trip, and a mid-range hotel night. When prices swing widely we round down. Every value is rounded to the nearest 0.05 cent.

These are estimates, not guarantees. Programs change prices and devalue without notice, so each row shows its source page and the date we last checked it, and we review values at least quarterly. Your own redemptions may be worth more or less. This is not financial advice.

Values are estimates for tracking and comparison. Your own redemptions may be worth more or less. Use the cents-per-point calculator to measure a specific redemption.