Introduction to 'Transferable' Reward Points (2021)

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What are “transferable credit card points”?

Each of the three biggest credit card companies operate their own reward program.  Amex’s is called “Membership Rewards”, Chase’s is called “Ultimate Rewards”, and Citibank’s is called “ThankYou Rewards”. The other major transferable points program is Capital One's miles program.

The points you earn from these programs can be transferred to any of a bunch of different airline and hotel loyalty programs where they can be redeemed for free airplane tickets and hotel rooms. For example, you can convert your Chase Ultimate Rewards points into United miles to book an award flight to Europe, into Southwest points to pay for a quick flight to Las Vegas, or into Hyatt points to book a free hotel room in New York City. The points from these credit cards are like "miles" that you can magically use with any of a bunch of different frequent flyer programs.

In addition, you can use these points (like cash) to pay for most hotels, airline tickets, and other travel. For example, you can use your Ultimate Rewards points at 1.5 cents each to book a night at a traditional inn in Tokyo, an inexpensive flight on EasyJet, or a flight on American Airlines where there are no available frequent flyer seats.

Transferable reward points, earned directly from the credit card companies, are more valuable than regular frequent flyer miles. For most people, they are the best way to earn rewards from their credit card spending.

The points that you earn with the Marriott hotel program can also be transferred (at favorable rates) to airlines partners. Even though they are technically hotel points, they act enough like transferable credit card points to be part of the same discussion.

In addition, Diners Club, Brex, and HSBC operate similar, but smaller, transferable rewards programs.

Each program has a distinct set of partner programs, different options for redeeming your points, and a separate set of available credit cards.

Transferable credit card points are better than regular frequent flyer miles

Earning points with Amex’s Membership Rewards, Chase’s Ultimate Rewards, Citibank’s ThankYou Rewards, and other transferable reward programs is almost always better than earning miles directly with a frequent flyer program.

  • You can take advantage of award space on almost any airline. You can use frequent flyer miles for award tickets on any of the program's partner airlines. For example, you can use United miles on over two dozen different airlines that partner with United.  However, if the available award space to your destination are with American Airlines or one of American’s Oneworld partners, you are out of luck.
  • But with transferable points, you can transfer your points to at least one frequent flyer program that belongs to each of the three major alliances (and some extra programs as well). You can then redeem those frequent flyer points on each of those program’s partner airlines. In the end, each type of transferable reward point can be used to book frequent flyer tickets on over 100 different airlines. For example, if you have Ultimate Rewards points, you can transfer them to United to book one of United’s flights, to British Airways to book a flight on American, or to Air France to book a flight on Delta.


    With transferable reward points, you are much more likely to be able to book the flights that work best for your schedule or take advantage of the only airline that has available award space to your destination.

  • You can take advantage of whichever award redemption requires the fewest miles. Different frequent flyer programs require different amounts of miles for the same trip and have different rules and fees. For example, with most airline programs, a round trip to Hawaii is 45,000 miles in coach or 80,000 miles in business.  But with Turkish Airline’s frequent flyer program, you can fly there (on United Airlines) for only 15,000 miles in coach and 25,000 miles in business. Rather than spending 45,000 United miles, you can spend 15,000 Turkish airline miles, for exactly the same flight!
  • Transferable point programs let you transfer to whichever of their frequent flyer partners requires the fewest miles, rather than being stuck with the award chart of a single program.

  • Or maybe you can get better value by using your points for a hotel room instead. It is much easier to find availability for free hotel nights than for free airplane tickets. For example, even over Christmas break, you could transfer 20,000 Ultimate Rewards points to Hyatt to book the Hyatt Maui or 12,000 points to book the Hyatt Place Waikiki Beach and easily get more than 2 cents per point in value—but you are extremely unlikely to be able to take advantage of frequent flyer tickets to Hawaii (at least at anything close to the normal mileage costs). To be fair, among the different transferable points programs, the only hotel transfer that usually makes sense is transferring Ultimate Rewards points to the Hyatt program.
  • HyattMaui.jpg
  • You can easily “top-off” your account balances. Over time, you are likely to build up points in several different reward programs from your paid hotel stays and flights or perhaps from credit card signup bonuses. However, you might not have enough points to make the award redemption you want. With transferable credit card points, you can often combine the points from your credit card with the reward points that are already in your account. Point transfers can also be used to keep an airline or hotel account active, so that you don’t lose your points.
  • You can get better value if you need to “cash-out” your points. If you decide you can’t find good enough redemptions, you’ll generally get more value out of cashing-out your credit card points than you could by cashing-out frequent flyer miles. For example, you’ll only get about .5 cents for your Delta miles (by buying Amazon gift cards), but you can get 1.5 cents for your Ultimate Rewards points (by buying travel on the Chase website).
  • MRPaywithPoints.jpg
  • The main drawback to transferable reward points is that you can’t always take advantage of “Anytime” awards on your most-frequently-used airline. When you want to fly on a specific airline with your transferable reward points, you will often have to transfer to one of their partners, because the airline itself isn’t a direct partner of your credit card program. You will then need to redeem a “partner award”, which only has access to regularly priced award availability.
  • If you were collecting points directly with the airline, you would have the additional option to use a lot of extra points to book an "anytime award", even when there isn’t any regular (“saver”) award availability. For example, you can use Ultimate Rewards points to book flights on American Airlines via British Airways or Cathay Pacific’s frequent flyer program, but only if there is still availability at the regular rates. But you can only use American Airline’s own points to book more expensive anytime awards.

Transferable reward points versus fixed-value reward points

Don’t confuse transferable reward points, like Amex’s Membership Rewards, with travel redemption points that you get from credit cards like the Bank of America Travel Rewards card.

The points you get from Bank of America, U.S. Bank, and many other credit cards can indeed be used to book flights on any airline. But you'll always get a fixed amount of value per point.


Essentially, these credit card companies are just giving you cash back but forcing or encouraging you to use the cash to pay for travel. For example, the Bank of America Travel Rewards Card is going to give you 1.5 - 2.625 points per dollar and let you use those points to purchase travel at 1 cent each. It is essentially the same as earning 1.5 - 2.625% cash back.

Transferable reward points CAN be used in the same way, but they can also be transferred into actual airline and hotel reward points and then redeemed for frequent flyer tickets and award nights. While there isn’t always award availability, you have the potential for getting much more value from your transferable points.

As an example, if a ticket to Hawaii costs $600, you will need 60,000 Bank of America reward points to pay for the ticket, which would require spending $23-40,000 on the BOA Travel Rewards Card. Or you could book it with 25,000 Singapore Airline miles, by transferring in 25,000 Ultimate Rewards points, which you require spending less than $17,000 on the Chase Freedom Unlimited Card. Or even better, there is a small possibility you could book it with 15,000 Turkish Airlines miles, by transferring in 15,000 Citi Thank You points, which would require spending just $7,500 with the Citi DoubleCash Card.

If you are booking business class tickets, the disparity is even greater. A $4,000 business class ticket would require 400,000 Bank of America points, or $152-267,000 in credit card spending. Booking it as a frequent flyer ticket might require 80,000 Ultimate Rewards points or under $55,000 in spending. Or even less, if you are able to take advantage of bonus rewards on travel or restaurant spending.

When you have a good opportunity to use frequent flyer miles, your transferable reward points are much more valuable than most cash-like credit card points. When there is no award availability or award prices are high compared to the cash price, you can use either of these types of credit card points to purchase tickets.

Only true “transferable” reward points let you get extra value from your points by finding good frequent flyer (and hotel) redemption opportunities.

Introduction to the different transferable point programs

The best transferable points reward program depends on whether you are comfortable using your points for frequent flyer tickets or whether you want to make sure there are easier ways to use your points.

Ultimate Rewards


Pay Yourself Back

During the Covid pandemic, Chase started allowing cardholders to use their points to offset certain purchases made with their Sapphire Reserve or Sapphire Preferred Cards.

With the Sapphire Reserve, points are worth 1.5 cents each and you can currently offset purchases for restaurants, charity, Airbnb, Away luggage, and your annual fee. For example, if you charge $600 at restaurants, you can use 40,000 points to "erase" those charges from your bill.

This is a better deal than booking travel through Chase's travel portal. We encourage most people to hold onto their Ultimate Rewards points to use for Hyatt hotel stays and possibly frequent flyer tickets, but this new option is a great way to "cash out" your points at solid value.

Pay yourself back options with the Sapphire Preferred are much less useful. You only get 1.25 cents per point (which means you should probably be saving your points or temporarily upgrading to the Sapphire Reserve) and you can't offset dining purchases.

We think Chase’s Ultimate Rewards is the best of the transferable credit card programs, especially for people who are just starting out. Ultimate Rewards Guide.

  • The Ultimate Rewards Program has a small, but good, group of airline partners. Their partners include United Airlines (for Star Alliance awards without fuel surcharges), British Airways (for low-award-cost short-distance Oneworld flights), Southwest, and JetBlue.
  • But what really differentiates the Ultimate Rewards program is that you can redeem your points for good values on something other than hard-to-take-advantage-of frequent flyer tickets. With Ultimate Rewards points, you can always get good value for your points (with very little effort) by booking award nights at Hyatt hotels or purchasing any other travel through the Chase website. In contrast, the only normally good options with Membership Rewards is booking frequent flyer tickets. And while ThankYou rewards lets you get good value by transferring points to the Choice hotel program, most people don't find that nearly as useful as the Hyatt program.
  • HyattHotel.jpg

    The reason we unequivocally recommend Ultimate Rewards program is that you don’t need to mess around with trying to find a good opportunity to book frequent flyer tickets, when you don’t want to. But, in contrast to earning straight cash back, you retain the upside of using your points when you do find a good frequent flyer opportunity.

  • However, if you already gotten a few new credit cards in the past couple of years, you may not be able to take advantage of the program. You will be blocked from getting any of the Ultimate Rewards cards by the Chase 5/24 rule. Your only option for taking advantage of the Ultimate Rewards program would be to postpone getting other cards until you are back under the 5/24 limit.

Membership Rewards


Amex’s Membership Rewards is the best program for anyone who is comfortable with using their credit card points for frequent flyer tickets. Membership Rewards Guide.

  • Unless you find a good frequent flyer award ticket opportunity, you can only expect to get 1–1.25 cents in value for your points. Even though you can transfer to hotel partners, the exchange rates aren't good enough to make this worthwhile.
  • If you DO plan to redeem for flights, Membership Rewards is better than Ultimate Rewards. Membership Rewards has many more transfer partners, making it more likely you can take advantage of a “sweet spot” that lets you book an award for less than the normal number of points. Unlike Ultimate Rewards, it doesn’t partner with United. On the other hand, Membership Rewards partners directly with Delta. If you live in Delta territory, this is a plus, as you can use your points for non-saver-level awards.
  • You can get more from your points by taking advantage of Membership Rewards' promotions that give you a bonus when you transfer to selected airline partners. For example, Membership Rewards might give you 25% to 50% extra miles when you transfer your points to British Airways, Cathay Pacific, or some other program. You might get as much as 50,000 miles from only 25,000 points. Take Advantage of Transfer Bonuses to Get More Value from Your Reward Points.
  • MRTransferBonus.jpg

    Chase has only ever had one transfer bonus, while Membership Rewards offers several every year.

  • Membership rewards is the easiest program to build up points from signup bonuses and they offer very good earning rates in many categories. Amex cards offer the best possible reward rates on groceries and gas. If you are willing to put up with some quirks, you can earn 1.5 points per dollar on everyday spending (just like you can with Chase). And if you are willing and able to get a business card, you can earn 2 points per dollar on everyday spending. There are also many more options for earning lucrative signup bonuses than there are with Chase and no 5/24 rule to worry about.
  • AmexCards.jpg

Membership Rewards with business cards

If you have any sort of a small business, even one that hasn’t made any money yet, you are eligible to sign up for small business credit cards. If so, the Membership Rewards program becomes considerably more valuable. Unlock Extra Reward Points with Business Credit Cards.

  • You can get the Amex Blue Business Plus card to earn 2x points on all purchases. This is better than the 1.5x Ultimate Rewards points that you can earn with one of the Chase Unlimited cards. Get a Great General Purpose Reward Card and Use It for All of Your Spending.
  • If you get the Platinum Business card, you gain the option to "cash out" your Membership Rewards points at 1.54 cents each. Whenever you purchase tickets from Amex Travel for your favorite airline or for any business or first-class seats, you can use your points at 1 cent each and get a 35% refund on the points you used. For example, if you want to purchase a ticket for $320, you would need to use 32,000 points. But then you would get 11,200 of those points back. When you do the math, this works out to 1.54 cents in value per point.  
  • This alters the dynamics of the Membership Rewards program and makes it more universally appealing. With this approach, you can always guarantee a floor of 1.54 cents in value per point, even without a good frequent flyer redemption. Like with Ultimate Rewards, you have a reliable way to get solid value from your points and still preserve the upside of getting even more value from a great award ticket opportunity. Plus, you get access to Amex's larger set of airline partners, frequent mileage transfer bonuses, and easier point earning opportunities.
  • This flexibility comes with extra costs associated with the Business Platinum card. The annual fee for this card is $595. It does come many useful perks and benefits (shared with the regular Platinum card), a $200 credit that can be used for incidental expenses on a single airline of your choice, and $200 a year in credits for purchases from Dell. While it can be hard to fully use these credits, they can partially offset the annual fee. Which Premium Reward Card is Right for You?

ThankYou Rewards


Citibank’s ThankYou Rewards isn’t as good as the Ultimate Rewards or Membership Rewards program. ThankYou points are still very valuable and worth collecting, just not usually as valuable as Ultimate Rewards and Membership Rewards points. It falters in several different ways. ThankYou Rewards Guide

  • They have a smaller and less valuable set of airline partners, although they still have a least one reasonable choice in each of the major alliances. On the other hand, they are the only of the big three programs that partners with the hard-to-use but often valuable Turkish Airlines program (as does the Capital One Venture program).
  • TYPartners.jpg
  • While ThankYou points can be used at good values for hotel stays (unlike the Membership Rewards program), the Choice hotel program has far fewer really nice hotels than the Hyatt program (which is available through Ultimate Rewards). They do have plenty of solid hotels in good locations and some fantastic independent luxury hotels through the Preferred Hotel and Resorts program.
  • It can be hard to earn lots of points through signup bonuses. You can only earn a single significant signup bonus every two years. With both Amex and Chase, you can earn bonuses from a bunch of different cards. But, unlike Chase and Amex, you won't be blocked from future signup bonuses by the "5/24" or "once in a lifetime" rule. Even so, it is hard to get that excited about a program where you can only earn around 50,000 points every two years from signup bonuses.
  • ThankYou points are tied to the specific credit card that earned them. If you cancel that card, you only have 30 days to use them or transfer them to a partner program. Alternatively, you can convert your card to the no-annual-fee Reward+ card, but then you will no longer be able to transfer them to airline programs.
  • On the other hand, ThankYou credit cards earn valuable reward rates on spending. You can earn 2 points per dollar on all spending with the Double Cash card versus only 1.5 points per dollar with the Freedom Unlimited card (you can also earn 2x with Amex, but only with a business card). The Citi Premier offers competitive reward rates on an unusually wide set of categories. The Custom Cash Card allows you to earn 5x points in your choice of categories (although capped to $500 of spending per month. If you have it, the Citi Prestige offers the highest reward rate on restaurant purchases.

Capital One points


In 2018, Capital One expanded its points program to allow for point transfers to over a dozen airline partners. Then in 2021 they greatly increased the value of the program by allowing transfers on a 1:1 basis Capital One Miles Guide.

  • Like the Ultimate Rewards program, the Capital One program doesn't effectively lock you into using your points for frequent flyer miles. With Capital One, you can still receive 1 cent per point, or 2 cents per dollar, when you use your points to purchase any sort of travel. You don't need to buy on Capital One's travel portal, you can use your points as a credit against any travel purchase made with the card. Of course, like the other transferable points programs, you have the opportunity to get higher value by converting your points to miles or hotel points.
  • Capital One probably has the second best program for redeeming frequent flyer rewards, after Membership Rewards. They have a better selection of airline partners than either ThankYou or Ultimate Reward points (unless you highly value the ability to transfer to United Airlines).
  • Another potentially great option for Capital One Points is to use them for short-term vacation rentals through Wyndham. Wyndham allows you to rent many Vacasa and other vacation rentals at 15,000 points per bedroom per night (including all of the high fees and taxes) and Capital One points can be converted to Wyndham points on a 1:1 basis.
  • They offer a great rewards rate on everyday purchases. You can earn 2x points on everything you buy and can earn even more on restaurant purchases. Ultimate Rewards doesn't offer a general-purpose 2x card and American Express only offers one as a small business card.
  • However for most people, Capital One's program isn't quite as attractive as the other transferable reward programs. Ultimate Rewards is still better on the strength of Hyatt, benefit-rich credit cards, bonus category reward opportunities, and signup bonuses (on the business side). Membership Rewards is still better in the overall ability to generate points and use them for frequent flyer tickets. Citibank is probably marginally better for earning points on spending and with its hotel partner, but it is close.
  • Furthermore, it is very difficult to get approved for the core Capital One Ventur eor Spark cards.


The newest transferable points program is from Bilt.

  • There is only one Bilt credit card and it is only really good for restaurant and rent spending (if your landlord doesn't accept credit cards or adds a credit card fee). Most people will want to use it alongside at least one other programs, as it isn't a great card for everyday spending and you can't build up a lot of points with credit card signup bonuses.
  • Like Ultimate Rewards, it is easy to get great value turning your points into Hyatt points for free hotel nights. It is very easy to take advantage of Hyatt to use up any points you earn and get at least 1.7 cents per point (on many hotel reservations). As a result, we don't hesitate to recommend Bilt to anyone who don't have a way to earn rewards on their rent payments, don't already have a good card for restaurant spending, or want to maximize the number of American Airlines miles they earn.
  • Bilt also have a solid set of frequent flyer program partners, including American Airlines and Turkish Airlines (good value on saver-level United flights).



Marriott has the largest number of airline partners, but it is the hardest program to earn points with.

  • Marriott gives you 25,000 miles for every 60,000 points you transfer. With the other programs you almost always get 1 mile per point. Even if you can earn twice as many Marriott points on your spending, you'll be getting less miles per dollar.
  • Marriott has, by far, the largest and best collection of transfer partners. You can book on the widest range of airlines, better take advantage of non-saver award availability, and always take advantage of the best available redemption rates.
  • The other major downside of their program is that it can take days, or sometimes even weeks, for points to transfer. Award availability might disappear before your points have had a chance to arrive. Even worse, you could wind up in a situation where your points are stranded in a specific airline program.

Which program is best?

The answer depends on which of two approaches you want to take to earning points.

Earn lots of points with signup bonuses

The easiest way for most people to earn lots of points for free travel is to collect credit card signup bonuses.

If you decide to do this, you will want to collect points from ALL of the transferable points programs. In general, Membership Rewards, Ultimate Rewards, ThankYou Rewards, and Venture Miles are more valuable than regular frequent flyer miles, hotel points, or cashback (and you'll want to collect those as well).

  • Using the best points for the job. As you build balances in each of the programs, you can leverage whatever type of points works best for different types of award travel.
    • Membership Rewards. Since Membership Rewards doesn't have good hotel options, has the most airline partners, offers the best transfer bonuses, and are usually the easiest to earn in large numbers, they are likely to be your main option for frequent flyer tickets, particularly for useful airlines, like ANA and Delta, that aren't available through the other major programs.
    • Ultimate Rewards. Most people will want to keep a bunch of Ultimate Rewards around to use for free nights at Hyatt hotels. This is perhaps the easiest high-value redemtion options across all the programs and the best way to earn extra hotel points on top of the ones you collect from hotel-branded cards. Depending on where you live, you may also want to save a bunch of your Ultimate Rewards points to use on United Airlines. If you wind up being able to collect lots and lots of points (with multiple Chase Business applications), you might start also using some your Ultimate Rewards points with frequent flyer programs that also partner with the other transferable points programs.
    • ThankYou Rewards. Many people should use ThankYou points whenever they can find an attractive hotel redemption through Choice. Otherwise, you'll wind up using your points for frequent flyer tickets. If you have any opportunity to fly United domestically, to Hawaii, or to Europe, you'll want to reserve a bunch of your ThankYou points to use on Turkish Airlines. If not, you'll typically want to use your ThankYou points whenever one of their airline programs offers a good redepmtion, so you can conserve your more flexible Membership Reward points for future trips.
    • Capital One Miles. If you like to rent vacation houses in the United States, particularly for shorter lengths of time, you'll want to reserve a bunch of your Capital One Miles to transfer to Wyndham. If you have lots of Capital One Miles or aren't really interested in this option, you should use then for frequent flyer miles.
    • Bilt Points. The Bilt program is much like the Chase program. You're likely to want to primarily use your points for free nights at Hyatt hotels. Assuming that Citibank's short-term transfer opportunity to American Airlines is indeed short-term, you may also want to use your Bilt points to supplement the American Airlines miles you earn from their co-branded cards. Or if you don't have ThankYou points to take advantages of Turkish Airlines sweetspots.
  • Which card to use for your spending. While you are collecting lots of signup bonuses, much of your spending will be focused on meeting each card's minimum spending requirement. Nevertheless, you will sometimes be between cards or have an opportunity to earn lots of bonus miles.
    • If you highly value premium-cabin travel and you are comfortable using your points for frequent flyer tickets, you'll want to prioritize points based on their usefulness for booking premium-cabin award tickets. For most people, Membership Rewards are clearly the most valuable. Among the other big four, Capital One miles are the next most valuable, followed by Thank You rewards, and with Ultimate Rewards at the bottom of the pack. I If you favor United, both Ultimate Rewards (for non-saver redemptions) and ThankYou or Capital One points (for 1:1 Turkish Airlines redemptions) become more valuable.
    • If you have difficulty using (or getting value from) frequent flyer tickets, you'll want to prioritize earning points that can be effectively used in other ways. You'll want to focus any extra spending on earning Ultimate Rewards points, Capital One miles, ThankYou points, Bilt points, or cash back. The choice between these options will depend on how often you get a good opportunity to redeem for Hyatt, Choice, and Wyndham awards. You'll have plenty of Membership Rewards from bonuses and promotions that you can struggle to use for frequent flyer tickets, and don't need to earn any more from your spending.
    • Otherwise, you'll should still probably prioritize earning Ultimate Rewards points, Capital One miles, ThankYou points, Bilt points and cash back. It is slow going to earn points through spending. Most people find it more rewarding to get more frequent rewards through hotel and other travel redemptions, rather than adding incremental points to their Membership Rewards balance. But if you can get a better earning rate through Membership Rewards, you probably want to take advantage of it.

Sticking with one program

If you want to keep things simple and stick to a single program:

  • For most people, we recommend Ultimate Rewards. The ease and value you can get from redeeming for free nights at Hyatt hotels, the ability to cash-out at more than 1 cent per point (if necessary), the extra benefits of the free travel insurance, and the option of getting a card with a Priority Pass membership make this the best option for most people who want to stick with a single program. Along with their easy redemption options, they have enough frequent flyer partners that you'll retain the option of redeeming your points for award tickets on almost 100 airlines.
  • If you feel like you can get enough value out of Wyndham vacation rental options and you can get approved for their cards, you could consider getting a Venture and one of the Savor cards and focusing on Capital One miles.

  • If you feel comfortable redeeming all your points for frequent flyer tickets, it is a tougher call. Unless you are signing up for lots of signup bonuses or highly value Delta miles, you are probably better off with Citi's ThankYou Rewards. For less than $100 in fees per year, you can earn 3x points on the main bonus categories and 2x points everywhere else; and you can use your cards everywhere. With Amex, you'll need a business card to earn 2x points on everyday purchases and need to cobble together a potentially expensive set of cards to earn good rewards on airfare, other travel, groceries, and gas. And you'll still need a card for merchants who don't take Amex. But on the redemption and bonus earning side, Membership Rewards is the better bet.

Comparing the credit card reward programs

Here's how the main programs stack up against each other:

Chase Ultimate Rewards Amex Membership Rewards Citi ThankYou Rewards Marriott Capital One Rewards Bilt
Acquiring Points
Reward rates for credit card spending Great Great Great Poor Good Good
Ease at building up points with signup bonuses Good Great Okay Poor Poor Poor
Airline Partners
Overall Quality Good Better Good The Best Better Good
Number of airline partners 8 18 12 35 16 7
Time it takes to transfer points Instant Instant for most Usually 1-2 days Usually 2-14 days Instant or 1-2 days Instant for most
US Partners United






American (until Nov 13)









“Cash” Value per point
Base 1.00 <1.00 1.00 0.33 1.00 <1.00
With the right card 1.50 1.25-1.54 1.11 0.33 1.00 <1.00
Good option for hotel redemptions Hyatt No Choice Marriott Wyndham, Accor Hyatt
Cheapest card to keep points alive (and transferable) $95
(Sapphire Preferred)
(Amex EveryDay)
(Citi Premier)
(No card needed)
(Venture One)
(Bilt Mastercard)

Here's the base values we assign to each type of point:

Ultimate Rewards Membership Rewards ThankYou Rewards Marriott Capital One
If you highly value business and first-class tickets At least 3 - 4 cents per point, sometimes much more 1 - 1.5 or more 3 - 4 or more
If you are patient and use coach tickets 1.5 – 2 cents or more .5 - .8 or more 1.5 - 2 or more
Value of easier-to-redeem redemption options 1.5 - 1.75 1 1.5 .7 1
Value from using points to pay for travel 1.5

(w/ Sapphire Reserve)


(1.54 w/ Business Platinum)

1 - 1
The “base value” we use for our calculations 1.7 1.5 1.5 .7 1.5

Because there are so many credit cards, it is easier to build up large quantities of Membership Rewards points by taking advantage of signup bonuses. For everyday earning, Membership Rewards is a probably a little better. But Ultimate Rewards has a few extra options for earning 5x rewards. The following table compares the highest earning rates for the three major transferable point currencies

Category UR MR TY
Everyday spending
(personal card)
1.5 1.5 2
Everyday spending
(business card)
1.5 2 1
Restaurants 3 4 5
Airfare 5 5 5
Other Travel 3-5 3 3
Groceries - 4.5 3
Gas 2 3 3
Drugstore 3 - -
Office Supply Stores 5 - -
Telecommunication Services 5 4
Rotating Categories 5 - -

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