How do I calculate the value of my points or miles?

To calculate the value per point, divide the cash price (minus any award fees) by the number of points required, then multiply by 100 to get cents per point. For example, if a $500 flight costs 25,000 points plus $50 in fees, the value is ($500 - $50) ÷ 25,000 × 100 = 1.8 cents per point.

What's a good value per point for different programs?

Generally, aim for at least 1.5-2 cents per point for flexible programs like Chase Ultimate Rewards or Amex Membership Rewards, 1.2-1.5 cents for airline miles, and 0.5-0.8 cents for hotel points. However, these values can vary significantly based on the specific redemption.

Should I always use points if they meet my target value?

Not necessarily. Consider factors like elite status earning (you typically don't earn status when using points), point expiration dates, award availability, and whether you have better redemption opportunities coming up. Sometimes paying cash makes more strategic sense.

What are transfer partners and how do they affect value?

Transfer partners are airlines and hotels where you can move points from flexible programs like Chase Ultimate Rewards or Amex Membership Rewards. This often provides better redemption values than booking through the credit card's travel portal, especially for premium cabin flights.

How do award fees and taxes affect the calculation?

Award bookings often include taxes, fees, and surcharges that you must pay in cash. These reduce the effective value of your points, so always subtract these fees from the cash price when calculating value per point to get an accurate comparison.

When should I pay cash instead of using points?

Pay cash when the point value is below your target threshold, when you're working toward elite status, when you have better redemption opportunities planned, or when award availability is limited and cash gives you better flight times or seat selection.

Points vs Cash Calculator | Credit Card Points or Cash Comparison

Points vs. Cash Calculator

Calculate whether to use points or cash for your travel booking by comparing the value per point to your target value.

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Before You Book

Important considerations when deciding between points and cash.

Elite Status

You might not earn elite status when you redeem miles or points, so if you're looking to get status it might be better to use cash.

Point Expiration

If your points or miles are expiring soon, it may make sense to redeem them regardless of their value.

Award Availability

Award seats and rooms are limited. Sometimes paying cash is your only option, especially during peak travel periods.