Credit Card Points Value Chart 2026: What Are Your Points Actually Worth?

Points are not all worth the same. A Chase Ultimate Rewards point is not the same as a Hilton point, and neither is the same as an airline mile. The difference between a savvy redemption and a bad one can be 4x or more in real-world value.

This is a comprehensive, up-to-date reference for what major points and miles currencies are actually worth in 2026. Use it before you book, before you transfer, and before you decide whether that signup bonus is worth chasing.

TL;DR

• The most valuable points: Chase UR, Amex MR, Bilt, and World of Hyatt (~2.0 cents per point)
• The least valuable: Hilton and IHG (~0.5 cents per point) — but they are easy to earn in bulk
• Value depends entirely on how you redeem: transfer partners are almost always worth more than cash back or statement credits
• Use the points-vs-cash calculator to compare specific redemptions

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The Master Valuation Table

These valuations represent the average value per point when redeemed well — typically through transfer partners for flights or hotel stays. Cash-back and gift-card redemptions are almost always worth less.

Points/Miles Program	Estimated Value (cents per point)	Best Redemption Method	Worst Redemption Method
Chase Ultimate Rewards	~2.0 cpp	Transfer to Hyatt, United	Cash back (1.0 cpp)
Amex Membership Rewards	~2.0 cpp	Transfer to ANA, Aeroplan	Statement credit (0.6 cpp)
Capital One Miles	~1.8 cpp	Transfer to Air Canada, Turkish	Pay with Points on Amazon (0.8 cpp)
Bilt Points	~2.0 cpp	Transfer to Hyatt, AA	Use for rent at 1:1 ratio (1.0 cpp)
Citi ThankYou	~1.7 cpp	Transfer to Turkish, JetBlue	Cash back (1.0 cpp)
World of Hyatt	~2.0 cpp	Standard room awards at premium properties	Points + Cash at low-tier properties
Marriott Bonvoy	~0.8 cpp	Off-peak category 1–4 stays	Marriott Moments experiences
Hilton Honors	~0.5 cpp	5th-night-free on award stays	Amazon Shop with Points (0.2 cpp)
IHG One Rewards	~0.5 cpp	PointBreaks / off-peak stays	Merchandise or gift cards
Delta SkyMiles	~1.2 cpp	Partner flights in business/first	Basic economy domestic awards
United MileagePlus	~1.3 cpp	Partner awards (ANA, Lufthansa)	Domestic economy at peak pricing
American Airlines AAdvantage	~1.5 cpp	Off-peak partner awards (JAL, Cathay)	Web Special awards at high rates
JetBlue TrueBlue	~1.3 cpp	Mint class redemptions	Short domestic flights at high rates
Southwest Rapid Rewards	~1.4 cpp	Wanna Get Away fares	No bad options (revenue-based)

These are averages. Individual redemptions can be significantly higher or lower depending on route, timing, and availability.

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Bank Points: The Flexible Currencies

Bank points (Chase UR, Amex MR, Capital One, Bilt, Citi TY) are the most valuable because they offer optionality. You can transfer them to multiple airline and hotel programs, use them through a travel portal, or cash them out. That flexibility means you can always shop for the best value.

Chase Ultimate Rewards (~2.0 cpp)

The most versatile points currency in the game. Transfer partners include World of Hyatt (the single most valuable hotel transfer), United, Southwest, British Airways, Air France/KLM, and Virgin Atlantic.

• Best move: Transfer to Hyatt for hotel stays. A 25,000-point night at a Park Hyatt property can be worth $500–$800, delivering 2.0–3.2 cpp.
• Good move: Book through the Chase travel portal at 1.5x (with Sapphire Reserve) for a guaranteed 1.5 cpp floor.
• Avoid: Cashing out at 1.0 cpp through statement credits. You are leaving half the value on the table.

Track your UR balance and see redemption options with the CardStack points tracker.

Amex Membership Rewards (~2.0 cpp)

The largest transfer partner network: 20+ airlines and hotels. The best values come from ANA (round-trip business class to Japan for 88,000 points), Aeroplan (Star Alliance awards with no fuel surcharges on many partners), and Singapore Airlines.

• Best move: Transfer to ANA or Aeroplan for premium-cabin international flights.
• Good move: Transfer to Hilton at a 1:2 ratio when Amex runs a transfer bonus (effectively ~1.0 cpp for Hilton stays).
• Avoid: Statement credits at 0.6 cpp. This is one of the worst redemption rates in the industry for a premium currency.

Capital One Miles (~1.8 cpp)

Capital One has quietly built a strong transfer partner portfolio: Air Canada Aeroplan, Turkish Miles & Smiles, British Airways, Wyndham, and others.

• Best move: Transfer to Turkish for Star Alliance partner awards (especially long-haul business class).
• Good move: Use the Capital One Travel portal for a flat 1.0 cpp (1.25 cpp with Venture X).
• Avoid: Amazon Shop with Points (~0.8 cpp). Almost never worth it.

Bilt Points (~2.0 cpp)

Bilt has emerged as one of the most valuable points currencies thanks to strong transfer partners and the unique ability to earn on rent. Transfer to Hyatt, American Airlines, United, Air Canada, Turkish, and others.

• Best move: Transfer to Hyatt (same World of Hyatt sweet spots as Chase UR).
• Good move: Transfer to AA or United for off-peak awards.
• Avoid: Using points to pay rent at a 1:1 ratio (1.0 cpp) when transfers can deliver 2x that value.

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Hotel Points: Volume vs. Value

Hotel points are earned in large quantities (often 10x–25x per dollar at their own properties) but are worth less per point. The trade-off is intentional — you earn a lot more of them.

World of Hyatt (~2.0 cpp)

The most valuable hotel currency by a wide margin. Standard rooms at mid-tier Hyatt properties cost 12,000–25,000 points per night, and cash rates at those properties are often $250–$500+. Hyatt consistently delivers 1.5–2.5 cpp on award stays.

Marriott Bonvoy (~0.8 cpp)

Marriott has the largest hotel portfolio, but the points currency is diluted. Award pricing can vary wildly, and dynamic pricing means peak stays can deliver as little as 0.4–0.5 cpp. The 5th-night-free benefit on award stays adds ~20% more value on 5-night bookings.

Hilton Honors (~0.5 cpp)

Hilton points are easy to earn (cards offer up to 14x on Hilton stays) but worth the least per point among major hotel programs. The 5th-night-free benefit and occasional point promotions can push value above 0.5 cpp. Avoid redeeming through Amazon or for gift cards.

IHG One Rewards (~0.5 cpp)

Similar to Hilton: low per-point value but occasionally strong deals through PointBreaks (discounted award stays at select properties). IHG’s 4th-night-free benefit helps on longer stays.

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Airline Miles: Sweet Spots Matter

Airline mile valuations are heavily dependent on routing and cabin class. A domestic economy flight might deliver 0.8 cpp, while a business-class partner award on the same airline’s miles can deliver 3–5 cpp.

Finding Sweet Spots

The best airline mile redemptions share a few characteristics:

1. Partner awards — Flying one airline using another airline’s miles (e.g., ANA First Class booked through Virgin Atlantic miles) often costs dramatically fewer miles than booking through the operating airline’s own program
2. Off-peak pricing — Programs with published award charts (AA, United) offer lower prices in off-peak seasons
3. Premium cabins — Business and first class deliver the highest cpp because the cash prices are so much higher, but the mile prices do not scale proportionally

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What Changes These Valuations

Points are not a fixed currency. Several factors shift their real-world value over time:

• Devaluations — Airlines and hotels periodically increase award prices, reducing per-point value. This is the biggest long-term risk of holding points.
• Transfer bonuses — Amex, Chase, and others run 20–40% transfer bonuses to specific partners. These temporarily increase the value of a transfer.
• Availability — Award space is finite. The same redemption is worth more if you can actually book it. Programs with better availability (Southwest, Hyatt) consistently deliver closer to their advertised value.
• New partners — When a bank adds a new transfer partner, it can unlock new sweet spots that change the math on an entire currency.

The takeaway: do not hoard points indefinitely. They almost always lose value over time. Earn with a plan, transfer when you have a booking in mind, and redeem before the next devaluation.

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How to Use This Chart

1. Before you redeem: Look up your points currency. If the value through transfers is 2x or more what you would get from cash back, transfer.
2. Before you transfer: Check the specific redemption you want. Average values are just that — averages. Some transfers deliver 3–4 cpp, others deliver 0.8 cpp.
3. Before you earn: Compare signup bonuses in real-dollar terms. A 60,000-point bonus at 2.0 cpp ($1,200) is worth more than a 100,000-point bonus at 0.5 cpp ($500).
4. Use the points-vs-cash calculator to compare a specific redemption against paying cash, so you can see whether a transfer makes sense for your booking.

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Bottom Line

Not all points are created equal, and the same points are not always worth the same amount. Redemption method is everything. A Chase UR point is worth 1.0 cents as cash back and 2.0+ cents through Hyatt. An Amex MR point is worth 0.6 cents as a statement credit and 2.0+ cents transferred to ANA.

Know what your points are worth, redeem through the highest-value channel, and do not let them sit in your account losing value to devaluations. The CardStack points tracker can help you monitor balances across programs and flag when transfer bonuses make a specific redemption unusually valuable.