Does anyone have a simple explanation of the value of chase and Amex points? Specifically, I am trying to figure out how much one point from each company is worth. It seems pretty difficult to get a clear answer to this. TYIA

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Have you tried the points guy online. I know they give the value of airline and hotel points. Not sure if they do cc points.

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Points guy exaggerates. Value depends heavily on what cards you have active. If you have the chase reserve, chase should be 1.5 cents per point absolute minimum (basic travel via their portal). You can get up to 2 cents per point fairly frequently via transfers to partners. Amex is 0.9 minimum IMO. You can get decent deals once you points transfer to partners (up to 2 cents per point in rare cases, usually int’l) but it’s highly variable and Amex charges you to transfer unlike chase. If you have certain platinum cards then you can get some value off the Amex portal (1.3+ minimum) but it’s harder to use. If you prefer first class then you get good “value” off either. Although if you wouldn’t otherwise pay cash for the flight I call that fooling yourself.

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My personal approach is maximize cash value but don’t spend points on travel you wouldn’t otherwise be making. For example, if you would never pay close to the cash price for lie flat intl seats then spending all your points on them imo is a waste. Comparing points to the $ price tag isn’t the right way to look at it if you would never spend that much for it in the first place.

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Depends if you use chase points for Hyatt and amex points for ANA business flight, their value goes up a lot

Agreed. The worst case chase value is much higher than amex tho.

I would base it on which travel point you utilize most such as hotel, airline, etc.

It’s a bit like asking “What’s one Euro worth?”To give a simple answer, it’s worth what you can buy with it. It’s helpful to have a shorthand, so often bloggers will come up with a valuation that assesses what UR or MR points can buy, and converts them to what that would cost in cash. I think the valuation is something like 1.5 cents for MR and 2.2 cents for UR. But on any given redemption, the value might be higher or lower. Personally, when considering a redemption, I keep it simple. I price a flight or hotel in both cash and points. If I get above X cents-per-point, I use points. Otherwise I pay cash. For UR and MR I go with 1.5 cents per point (you can do better, but I’m not doing a lot of long haul first class flying right now—and I personally value first class a lot less than the cash price). For Marriott points, if I can get above 0.8 cents per point I’m happy.

Chase points are worth 1.50 for the Reserve and 1.25 for the Preferred at minimum. They have a “Pay Yourself Back” program where you can spend on groceries/eating out at that rate.

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