What points and miles are worth
Our value for every rewards currency we track, in cents per point, with the evidence behind it.
Last full review: November 10, 2026 · 39 currencies
Two numbers
Travel, the big number: a realistic redemption through airline and hotel partners, not the best one ever found.
Cash: cash back, a statement credit or the issuer’s travel portal. Shown only when it differs from travel.
Where each value comes from
- Our research
- We priced real award bookings ourselves and used the middle result.
- Fixed value
- The value follows from the program's published rules, like cash back or a fixed redemption rate.
- Published estimates
- We don't have our own data yet, so we use the middle of what major publishers estimate.
- Our estimate
- Our own judgment where we don't have priced samples or a publisher consensus; its page says how we got the number.
Currencies
AAdvantage Miles
1.45¢
per point
We value AAdvantage Miles at 1.45¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
Altitude Points
1.0¢
per point
We value Altitude Points at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
Atmos Rewards
1.5¢
per point
We value Atmos Rewards at 1.50¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
Avios
1.2¢
per point
We value Avios at 1.20¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
BJ's Rewards
1.0¢
per point
We value BJ's Rewards at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
Bank of America Points
1.0¢
per point
We value Bank of America points at 1¢, the figure both NerdWallet and Upgraded Points use.
Published estimatesReviewed Nov 10, 2026
Bean Bucks
1.0¢
per point
We value Bean Bucks at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
Bilt Points
1.8¢
travel · cash 1.0¢
We value Bilt Points at the middle of five publishers' estimates.
Published estimatesReviewed Nov 10, 2026
Bread Rewards Points
0.5¢
per point
We value Bread Rewards Points at 0.5¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
CLUB Points
1.0¢
per point
We value CLUB Points at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
Capital One Miles
1.7¢
travel · cash 1.0¢
We value Capital One miles at the middle of five publishers' estimates.
Published estimatesReviewed Nov 10, 2026
Cash Back
1.0¢
per point
We value Cash Back at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
Chase Ultimate Rewards
1.7¢
travel · cash 1.0¢
We value Ultimate Rewards at the middle of five publishers' estimates.
Published estimatesReviewed Nov 10, 2026
Choice Privileges Points
0.75¢
per point
We value Choice Privileges Points at 0.75¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
Delta SkyMiles
1.2¢
per point
We value Delta SkyMiles at 1.20¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
Discover Miles
1.0¢
per point
Discover states that 100 miles equal $1 when redeemed for cash or travel credit, so we value each mile at 1¢.
Fixed valueReviewed Nov 10, 2026
Disney Rewards Dollars
1.0¢
per point
We value Disney Rewards Dollars at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
GM Rewards Points
1.0¢
per point
We value GM Rewards Points at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
Hilton Honors Points
0.4¢
per point
We value Hilton Honors Points at 0.40¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
IHG One Rewards Points
0.59¢
per point
We value IHG One Rewards Points at 0.59¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
Key Rewards
1.0¢
per point
We value Key Rewards at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
Kohl's Rewards
1.0¢
per point
We value Kohl's Rewards at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
Marriott Bonvoy Points
0.73¢
per point
We value Marriott Bonvoy Points at 0.73¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
Membership Rewards
1.7¢
travel · cash 1.0¢
We value Membership Rewards at the middle of five publishers' estimates.
Published estimatesReviewed Nov 10, 2026
Navy Federal Points
1.0¢
per point
We value Navy Federal Points at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
OneKeyCash
1.0¢
per point
We value OneKeyCash at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
PenFed Points
0.85¢
per point
We value PenFed Points at 0.85¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
RCI Member Rewards
1.0¢
per point
We value RCI Member Rewards at about 1.00¢ each as our own estimate.
Our estimateReviewed Nov 10, 2026
REI Co-op Card Rewards
1.0¢
per point
We value REI Co-op Card Rewards at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
Southwest Rapid Rewards
1.3¢
per point
We value Southwest Rapid Rewards at 1.30¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
T-Mobile Rewards
1.0¢
per point
We value T-Mobile Rewards at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
ThankYou Points
1.6¢
travel · cash 1.0¢
We value ThankYou Points at the middle of five publishers' estimates.
Published estimatesReviewed Nov 10, 2026
TrueBlue Points
1.3¢
per point
We value TrueBlue Points at 1.30¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
Truist Miles
1.0¢
per point
We value Truist Miles at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
Truist Points
1.0¢
per point
We value Truist Points at 1.0¢ per point as our own estimate.
Our estimateReviewed Nov 10, 2026
United MileagePlus
1.2¢
per point
We value United MileagePlus at 1.20¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
Wells Fargo Rewards
1.45¢
per point
We value Wells Fargo Rewards at the middle of four publishers' estimates.
Published estimatesReviewed Nov 10, 2026
World of Hyatt Points
1.55¢
per point
We value World of Hyatt Points at 1.55¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
Wyndham Rewards Points
0.6¢
per point
We value Wyndham Rewards Points at 0.60¢ each, based on the middle of 5 publishers' estimates (The Points Guy, NerdWallet, One Mile at a Time, Upgraded Points and Frequent Miler).
Published estimatesReviewed Nov 10, 2026
Review log
Every monthly review, including ones where nothing changed.
November 2026 · monthly review · Nov 10, 2026
Reviewed 39 currencies. Changed 21. 18 unchanged. Updated transfer partners for 3.
- AAdvantage Miles 1.55¢ → 1.45¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5]
- Atmos Rewards 1.45¢ → 1.5¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5]
- Avios 1.3¢ → 1.2¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5]
- Bank of America Points 1.0¢ → 1.0¢ (Published estimates): Set from the median of 2 publishers' estimates after the first monthly review.[1][2]
- Bilt Points 2.0¢ · 1.0¢ cash → 1.8¢ · 1.0¢ cash (Published estimates): Set from the median of 5 publishers' estimates after the first monthly review.[1][2][3][4][5]
- Capital One Miles 1.85¢ · 1.0¢ cash → 1.7¢ · 1.0¢ cash (Published estimates): Set from the median of 5 publishers' estimates after the first monthly review.[1][2][3][4][5]
- Chase Ultimate Rewards 2.0¢ · 1.0¢ cash → 1.7¢ · 1.0¢ cash (Published estimates): Set from the median of 5 publishers' estimates after the first monthly review.[1][2][3][4][5]
- Choice Privileges Points 0.6¢ → 0.75¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5]
- Delta SkyMiles 1.1¢ → 1.2¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5]
- Discover Miles 1.0¢ → 1.0¢ (Fixed value): Set from Discover's stated redemption rate of 100 miles = $1 after the first monthly review.[1][2]
- Hilton Honors Points 0.5¢ → 0.4¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5]
- IHG One Rewards Points 0.5¢ → 0.59¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5][6]
- Marriott Bonvoy Points 0.7¢ → 0.73¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5]
- Membership Rewards 2.0¢ · 1.0¢ cash → 1.7¢ · 1.0¢ cash (Published estimates): Set from the median of 5 publishers' estimates after the first monthly review.[1][2][3][4][5]
- Wyndham Rewards Points 1.1¢ → 0.6¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5]
- Southwest Rapid Rewards 1.25¢ → 1.3¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5][6]
- ThankYou Points 1.9¢ · 1.0¢ cash → 1.6¢ · 1.0¢ cash (Published estimates): Set from the median of 5 publishers' estimates after the first monthly review.[1][2][3][4][5]
- TrueBlue Points 1.3¢ → 1.3¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5]
- United MileagePlus 1.35¢ → 1.2¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5]
- Wells Fargo Rewards 1.0¢ → 1.45¢ (Published estimates): Set from the median of 4 publishers' estimates after the first monthly review.[1][2][3][4]
- World of Hyatt Points 1.7¢ → 1.55¢ (Published estimates): Set from the median of five publishers' estimates after the first monthly review.[1][2][3][4][5][6]
These values are our own estimates, not advice from any bank, airline or hotel program. They are the values every ranking on PayWithThis uses; our methodology explains how. PayWithThis is independent and earns nothing from links to issuers’ sites.