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Reward Program Reviews

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Not all credit card rewards are created equal — point and mile redemption values vary from program to program. Thankfully, the Nerds have crunched the numbers on all of the major rewards programs so you don’t have to.

Check out the redemption values — expressed by cents per point — below. And for a full review of your favorite credit card’s rewards program, including the best redemption options and ways to get more points, click on the links.

Rewards Program Average Value (cents) Range of Values (cents)
Frequent Flier Programs
Alaska Airlines Mileage Plan 2.2 0.4 – 4.9
American Airlines AAdvantage 1.3 0.3 – 2.8
British Airways Executive Club 2.4 1.4 – 5.4
Delta SkyMiles 1.9 0.5 – 3.6
JetBlue TrueBlue  1.4 1.3 – 1.7
Southwest Rapid Rewards  1.1 0.9 – 2.4
United MileagePlus  1.6 0.3 – 3.4
Virgin America Elevate  2.2 2.2 – 2.5
Hotel Rewards Programs
Club Carlson 0.5 0.2 – 1.3
Hilton HHonors 0.5 0.1 – 1.3
Hyatt Gold Passport 1.9  1 – 3.4
IHG Rewards Club 0.7  0.3 – 1.2
Marriott Rewards 0.9  0.4 – 2
The Ritz-Carlton Rewards 0.8  0.5 – 1.7
Starwood Preferred Guest 2.4  1 – 4.2
Points & Miles Programs
American Express Membership Rewards 1 0.5 – 1
Capital One No Hassle Miles 1  0.5 – 1
Chase Ultimate Rewards 1.25 1 – 1.25
Citi ThankYou Points 1  0.3 – 1
Discover it Miles 1 1
U.S. Bank FlexPoints 2  0.8 – 2
Wells Fargo Points 1  0.4 – 2.9

Nerd note: The calculated value of these points is based on an estimated redemption rate, not a credit card rewards earn rate. Therefore, you may notice that these numbers don’t match the rewards rates on our credit card finder tool. Please see the reviews above for information on how we calculate redemption rates.