I would overlook the ThankYou ® Preferred and AT&T Access cards because they don't allow point transfers and offer just one cent in
value per point redeemed, at most.
For example, when you use your rewards for travel reservations, a higher - end card will give you more
value per point redeemed.
Most of the time, you will only receive 1 cent in
value per point redeemed towards flights and other reservations.
But when you can book these flights for a relatively low amount of miles, you receive a very high amount of
value per point redeemed.
So long as you are getting at least 1.25 cents in
value per point redeemed, you are coming out ahead.
Not exact matches
You can choose to
redeem your
points for travel through the Ultimate Rewards ® portal and receive a
value of 1.25 cents
per point.
The uncertainty in achieving a
redeemed $ 0.015
per point value is where the credit card companies make much of their profits.
You can transfer Ultimate Rewards
points to airline and hotel partners or
redeem them through the Chase travel portal at a
value of 1.25 cents
per point.
When you
redeem your
points using Chase's exclusive travel rewards portal, their
value increases to $ 0.0125
per point with the Chase Sapphire Preferred ® Card or Ink Business Preferred ℠ Credit Card.
However, when you use your cards to
redeem travel rewards via the Chase travel portal, the
value of each
point increases to a minimum of 1.25 cents or 1.5 cents
per point.
But when
points and miles are
redeemed strategically for high
value award flights and luxury hotel stays, then it is often possible to receive three to five cents in
value per point, which is much better than the best cash back reward cards.
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.
These are worth a penny
per point when you
redeem them, unless you upgrade them for maximum
value like we talked about above.
Earning with a higher multiplier (1.5) and
redeeming for higher
value (10 cents
per points) means you are getting the absolute most out of your spending and your
points.
First, these awards generally offer the least
value per point or mile
redeemed — at best just one cent each.
At a minimum desired redemption of $ 0.02
per reward
point, you could get $ 1,100 or more in travel
value, depending on how you
redeem!
ThankYou
points have a certain
value when
redeemed for different rewards, such as $ 0.01
per point when
redeeming for gift cards.
A low -
value redemption, like
redeeming for cash, will give you 1 cent
per point.
Many gift cards, such as the $ 25 Chili's gift card that requires 3,500
points to
redeem, carry a less than 1 -
point -
per - cent
value, which is the absolute minimum you should always aim for when
redeeming any
points or miles.
Remember that this is a solid way of
redeeming your
points, as you get a
value of $ 0.01
per point and rewards rate of 2 % when doing so.
Those 5,000
points can be worth around $ 35 when
redeemed at a
value of $ 0.007
per point.
On the other hand, some programs have a very clear
value for each
point redeemed, with several simply offering one cent in
value per point or mile.
You can also
redeem your
points for gift cards or cash back at a
value of 1 cent
per point.
That's not the only reason those
points are flexible; you can also
redeem your UR
points for cash back (at 1 cent
per point) or
redeem them for travel through Ultimate Rewards (at 1.25 cents
per point value).
Whereas similar cards, like the Capital One Venture, let you
redeem points for travel statement credit at 1 cent
per mile, the Chase Sapphire Preferred will let you transfer
points at a 1:1 ratio to one of its partners, creating the potential for way more
value.
If you're using the Chase Freedom or Ink Business Cash ℠ Credit Card (Tier 1) you'll be
redeeming points at a
value of 1 cent
per point.
Redeem the
points for travel through Chase Ultimate Rewards nets you even more
value per point since you get a 20 % discount on the price.
If you're always using the card on U.S. supermarkets, UBER, and AmexTravel.com you'll be fine - just be sure to
redeem the Membership Rewards (MR)
points for options that are
valued $ 0.01
per point or above.
The bonus on the Citi ThankYou Preferred card has the same
value if used correctly — 2,500 ThankYou
points are worth $ 25 when
redeemed at a rate of $ 0.01
per point.
Welcome bonus: If you manage to spend $ 500 within the first 3 months of your account going live, you will also earn an additional 2,500 ThankYou points.If you
redeem this bonus at a
value of $ 0.01
per ThankYou
point, it has the potential to be worth $ 25.
When you
redeem miles this way you'll also receive a 5 % dividend, effectively increasing the
per point value to 1.05 cents.
When you
redeem your rewards through their travel portal, your
points increase their worth to 1.5 cents
per point (a $ 750
value).
As a general rule, if you are
redeeming your
points for a cash equivalent like onboard credit, you will get one cent
per point in
value.
Points can also be
redeemed for car rentals from Avis, Budget or Hertz for a
value of one cent
per point.
Points are relatively straightforward to
redeem, and you should get between one and two cents
per point, which is a decent
value.
But the best
value is to transfer those
points to one of the 10 participating frequent flyer programs where they can routinely be
redeemed for $ 0.02
per point or more.
Your rewards come in the form of
points with a
value of $ 0.01
per point (so 2,500
points can be
redeemed for a $ 25 statement credit, for example).
The other option, which is
redeeming for statement credits, will only yield a
value of one cent
per point.
Not only do you get 2X
points on travel and dining at restaurants & 1
point per dollar spent on all other purchases worldwide with this card, but simply being a cardholder is enough to earn 25 % more
value when you
redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards website.
You can get a
value of one cent
per point if you
redeem for cruises from Carnival and Royal Caribbean.
If you are
redeeming for something like an upgrade or for a free cruise, you can get up to two cents
per point in
value.
That results in a
value of nearly 2.5 cents
per point, which is much better than
redeeming for a gift card.
You'll easily get more
value per point than if you
redeem them for other rewards.
With the Reserve, you'll have the option to
redeem your
points for gift cards or cash back at a
value of 1 cent
per point.
Most redemption options will give you a
value of 1 cent
per point, including
redeeming points for online shopping, statement credit or cash back, and donations.
Advisors who sell these funds are quick to
point out that you can normally
redeem 10 % of the fund's
value per year without triggering the sales charge, and that you can switch from one DSC fund to another in the same family (for example, from a Canadian equity fund to a bond fund) at no cost.
So, make sure you are
redeeming your fixed -
value points at their maximum redemption rate, which is commonly one cent
per point if you
redeem the
points for travel.
If you cruise regularly, you'll find fair
value when
redeeming your
points for onboard credits at one cent
per point.
But the
points can only be
redeemed for cash
value at a rate of 1 cent
per point (10,000
points = $ 100).
While cash back cards don't offer the same potential
value of travel rewards
points (each travel rewards
point can be worth a few cents, depending on the type of travel you
redeem them for, whereas cash back
points are almost always worth 1 cent
per point), you won't risk losing out since you can always use cash, whereas you might end up with leftover travel
points.