To calculate the value of a single point, divide
the dollar value of a reward by the points needed to unlock it.
Keep in mind that some of the following ways may not maximize
the dollar value of your rewards.
The rewards rate for each card is
the dollar value of rewards, perks and bonuses earned divided by the amount of spending you make using the card.
* ValuePenguin calculates
the dollar value of rewards based on S$ 2,000 of monthly spending.
We used internal data to calculate the dollar values you need to spend on travel to break even between cash - back and travel credit cards, as well as
the dollar value of rewards earned.
Not exact matches
Say, the
value of your points is $ 0.01 and you get 2 points for every
dollar spent, the
rewards rate is $ 0.01 x 2 = 2 %.
All you need to do is look at the number
of points or miles needed to earn a certain
reward and divide that amount by its
value (in
dollars).
The card comes with outstanding
rewards, with Starpoints from the Starwood Preferred Guest loyalty program having one
of the highest average
dollar values per point in any loyalty program we've researched.
We extract the
value per point through the Marriott
Rewards card by dividing the
dollar cost
of a stay by the same cost in points.
Taxpayers nationwide pay billions
of dollars each year in salary premiums to
reward teachers for credentials
of highly questionable
value.
Does the
value of a «PR
dollar» today still reap the same
reward as it did say 10 years ago?
This card also gives you a 5 % rebate for all redeemed points, making the
value of the
rewards rate equal out to 2.1 points per
dollar.
For instance, if the
value of your points is 1 cent and you get 2 points for every
dollar spent, the
rewards rate is $ 0.01 x 2 = 2 %.
For the purposes
of our example we look at the price
of a Sheepskin Stoneman Trapper Hat: Estimated
Dollar Value: $ 205 Membership
Reward points required: 41,000.
We extract the
value per point through the Marriott
Rewards card by dividing the
dollar cost
of a stay by the same cost in points.
The «
dollar value»
of your travel
rewards often fluctuates, depending on how you earned the points or miles (was it a «bonus»?)
For example, if the
value of a point is 1 cent and you receive 2 points for each
dollar spent, the
rewards rate is $ 0.01 x 2 = 2 %.
The Capital One ® Venture ®
Rewards Credit Card and the Barclaycard Arrival Plus ® World Elite Mastercard ® are tied in terms
of total points or miles earned and the total
dollar value of those points or miles.
The card comes with outstanding
rewards, with Starpoints from the Starwood Preferred Guest loyalty program having one
of the highest average
dollar values per point in any loyalty program we've researched.
The biggest benefit I've found is that you can also submit auto service statements to redeem
rewards points at the full
dollar value as opposed to getting cash from the
rewards program (which, you know, usually only gives you about 50 %
of what you've earned).
Outside
of hotel purchases, this card has solid
reward value with 2x points per
dollar spent.
Annual statement credits will be awarded in January
of the following year and the amount credited will be the total
dollar value of the balance
of your Fido
Rewards Account as
of the date the credit is issued to your Account.
For the same amount
of spending the Chase Freedom Unlimited ® offers a bonus with a
value that is $ 60
dollars greater than the Starbucks
Rewards ™ Visa ® Card, and does not come with a annual fee.
Finally, foreign transaction fees for the Rapid
Rewards Plus Credit Card are 3 %
of the transaction
value after conversion to the United States
Dollar equivalent, but there is no foreign transaction fee for the Rapid
Rewards Premier Credit Card.
However, with this offer, you earn 250
Reward Dollars after you make $ 1,000 in purchases in the first three months
of Cardmembership instead — that's $ 100 extra
value, the equivalent
of an additional 10 % return on your spending.
See the
Rewards Terms and Conditions at 53.com/privatebankrewards for important information including details about: (1) Purchases:
dollar value of goods and services, minus credits and adjustments, excluding fees and other items.
If you want to cover the annual fee for the Marriott
Rewards business card based on spending alone, you'll need to spend around $ 10,761, assuming an average
value of 0.92 cents per point and that your earning only one point per
dollar.
For example, if the
value of your points is 1 cent and you get 2 points for each
dollar spent, the
rewards rate is $ 0.01 x 2 = 2 %.
The
value of 1 Disney Dream
Reward Dollar is $ 1, so at the end
of the day you'll be earning a
rewards rate anywhere between 1 % and 2 % - which is fairly decent.
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.
It's much more difficult to put a
value on points used in this way since the
dollar value of the respective
rewards will generally vary based on usage.
As a result, the FlexPerks Select gets you the least
value out
of each
dollar spent using it, when compared to some
of the best travel
rewards cards.
From here, Pabrai discusses some
of the financial details that made these investments
value investments: low risk (the few thousand
dollars initial investment) and high
reward (with their low living expenses and hard - working attitude, Patels could make back their initial downpayment in the first four months!).
[0:14:54.0] DR: I personally always go for just cash back
rewards and I just try to — anything I try to translate into some sort
of dollar value, with a lot
of the points
rewards, it gets difficult because what you can redeem it for will vary.
Funding a split
dollar plan is a way to
reward a key employee while accruing cash
value in a whole life insurance policy that can serve as a ready source
of funding for the employer.
Cash back cards appeal to customers for a number
of reasons, but mainly due to their ease and flexibility: Because they offer cash back
rewards, there's no need to convert points and miles to
dollar values.
How We Calculate
Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annua
Rewards: ValuePenguin calculates the
value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annua
rewards by estimating the
dollar value of any points, miles or bonuses earned using the card less any associated annual fees.
What it comes down to is not the type
of rewards you earn, but how you can get the most
value per
dollar between earning and redemption.
Use your Disney
Dollars to cover the full
value of your Disney
reward or a portion
of the cost.
If you want to cover the annual fee for the Marriott
Rewards business card based on spending alone, you'll need to spend around $ 10,761, assuming an average
value of 0.92 cents per point and that your earning only one point per
dollar.
Overall, the Chase Amazon.com
Rewards Visa Card will provide you with at least a few hundred
dollars of value, depending on your overall spend.
The reason is that while I
value the 5 bonus Hilton HHonors points per
dollar at about 2 cents, and I
value one United MileagePlus or Delta Skymile at about 2 cents, I earn Skymiles through flying domestically on Delta and partner flights, and can transfer Chase Ultimate
Rewards points to United, while earning Hilton HHonors points will become much harder after the changes to the earning structure
of their co-branded American Express credit cards go into effect in May.
We estimate an average
value of 1.26 cents per Ultimate
Rewards point, which means each
dollar of spending on Amazon with the Chase Freedom nets you about 6.3 cents
of value — much better than 5 cents per
dollar with the Amazon Prime card.
However, this is not the best use
of your membership
rewards, since points tend to be
valued at less than 1 cent per
dollar for these types
of rewards.
The Citi card's dining and entertainment bonus clocks in at just two points per
dollar spent, which is relatively low for a
rewards card, but cardholders with an active lifestyle should still be able to squeeze a substantial amount
of value out
of this entertainment - themed credit card.
While you could do a flexible travel
rewards credit card and your favorite airline and hotel card, you might not get the most
value out
of every
dollar you spend.
To put a
value to those numbers all you have to do is note that IHG members earn 10 IHG
Rewards Points per
dollar spent at full service properties so Kimpton Tier 1 members are effectively getting a points equivalent
of a $ 100 hotel stay....
The average
dollar value of an individual RBC
Reward Point is $ 0.0114.
While it's easy to focus on the big perks offered by
rewards credit cards, like sign - up bonuses, free checked bags, bonus categories for purchases, lounge access and outsized redemption
values, there's one often overlooked benefit that can easily save you hundreds
of dollars.
This card also gives you a 5 % rebate for all redeemed points, making the
value of the
rewards rate equal out to 2.1 points per
dollar.