The Point Calculator: Calculate Credit Card Rewards (2024)

FAQs

How to calculate credit card reward points? ›

Adam McCann, Financial Writer

15,000 Ultimate Rewards points are worth an average of $151.5, according to WalletHub data. You get the best value when redeeming Ultimate Rewards points for travel booked through Chase, though there are a few other redemption options to choose from.

Credit card points can have different values — it all depends on how an issuer's points system works and how you redeem them. You'll usually get a 1:1 redemption for many options — which means 1X point is equal to 1 cent — though credit card issuers may adjust that value at any time.

Most rewards credit cards earn 1 point per $1 spent on purchases, with bonus points that reward you for spending in specific categories. For example, a credit card might offer 2 points per $1 spent on dining or 3 points per $1 spent on travel.

Adam McCann, Financial Writer

1,000 reward points are worth around $10 , on average, but the exact value depends on which rewards program is offering the points and how you redeem them. In some cases, your reward points could be worth a lot more or a lot less.

To calculate your own rewards values, simply divide the price you would pay in dollars for a particular reward by the number of points or miles required to redeem. That calculation will give you the value per point for that specific reward.

How much are 100,000 Chase rewards points worth? The math is the same as above, so 100,000 Ultimate Rewards points are typically worth at least $1,000. They could be worth more depending on the card you use and if you book through Chase's online travel portal.

Adam McCann, Financial Writer

3,000 reward points are worth around $30 , on average, but the exact value depends on which rewards program is offering the points and how you redeem them. In some cases, your reward points could be worth a lot more or a lot less.

How many credit card points is $1? ›

You need 100 credit card points to equal a dollar in most cases, though it can vary based on the card issuer and the redemption method. For example, you could get a higher dollar value when you redeem your points for travel instead of a statement credit, and some major issuers' points are worth less than average.

While most credit card rewards programs have points that never expire, hotel and airline rewards tend to expire after 12 to 36 months. There are other ways to lose your credit card rewards outside of standard expiration, including account inactivity, becoming delinquent on your account and returning a purchase.

Do you still get points if you pay your credit card early? Yes. If you have a rewards card that earns points based on your spending, those points won't be lost if you pay your credit card bill early.

Are rewards credit cards worth it? In most cases, yes — as long as you're not carrying a balance (on which you will have to pay interest) and any annual fees charged by the card are less than the value of the rewards you earn each year.

20,000 Ultimate Rewards points are worth an average of $202, according to WalletHub data. You get the best value when redeeming Ultimate Rewards points for travel booked through Chase, though there are a few other redemption options to choose from.

50,000 Ultimate Rewards points are worth an average of $505, according to WalletHub data. You get the best value when redeeming Ultimate Rewards points for travel booked through Chase, though there are a few other redemption options to choose from.

To see how much value you can get out of your rewards on an individual flight or hotel stay, divide the cost of a booking in cash by its cost in points or miles. For example, a flight that costs $139 or 21,500 points will offer about 0.6 cents per point in value ($139 / 21,500 points = ~$0.006).

10,000 Ultimate Rewards points are worth an average of $101, according to WalletHub data. You get the best value when redeeming Ultimate Rewards points for travel booked through Chase, though there are a few other redemption options to choose from.

Adam McCann, Financial Writer

50,000 reward points are worth around $500 , on average, but the exact value depends on which rewards program is offering the points and how you redeem them. In some cases, your reward points could be worth a lot more or a lot less.