Certain stores give you more credit than
the actual value of the rewards points, she adds.
Not exact matches
The
actual monetary
value of these
rewards usually works out to be somewhere between $ 0.0011 and $ 0.059 per point or mile, depending on the program.
If the Chase Freedom Unlimited card earns 1.5 Ultimate
Reward points for every dollar spent, and the
value of each point is held at $ 0.0125, the
actual rewards rate could be as high as 1.875 % - significantly better than the Capital One ® Quicksilver ® Cash Rewards Credi
rewards rate could be as high as 1.875 % - significantly better than the Capital One ® Quicksilver ® Cash
Rewards Credi
Rewards Credit Card.
Because
of the high variability in their
value, the
actual rewards rate for credit cards using ThankYou ® Points may not be as lucrative if you're not willing to use them for their best redemption options.
The
actual value of those points will depend on your membership level, with basic Preferred Status members receiving a $ 10 credit
rewards for every 400 points.
And,
of course, the best
value from other types
of rewards credit cards will be when you redeem for product or services with the
actual sponsor
of the
rewards card.
While you might want to do the math to make sure you will get the best
value out
of your
rewards points first, donating points is a great way to help your favorite charity without having to shell out
actual dollars.
On the whole, we found that the average
value of a single Starwood
rewards point (called Starpoint) is $ 0.016 - though the
actual figure varies from $ 0.01 to $ 0.024, depending on how you use them.
So, if you have to cut your vacation short by a few days or accept an extra change
of planes in order to reach your destination, you are getting less
actual value from your
reward ticket than the
value of a restriction - free, full cash ticket.
The
actual monetary
value of your
rewards points may change depending on how you use them.
Because
of the high variability in their
value, the
actual rewards rate for credit cards using ThankYou ® Points may not be as lucrative if you're not willing to use them for their best redemption options.