How Much Are Membership Rewards points Worth?
American Express Membership Rewards points are earned on cards like the Amex Gold and Platinum, and what they're worth depends on the redemption you choose: statement credits pay the least, while transfers to airline and hotel partners typically return the most. Use the calculator below to value your balance at our current estimate.
Membership Rewards has one of the widest spreads between its worst and best redemptions of any bank program. Plain statement credits redeem below one cent per point, flights booked through Amex Travel redeem at a fixed one cent, and transfers to airline and hotel partners can return several times the cash rate when you find a strong award. In practice that means cashing out a large balance leaves real money on the table; the same points moved to a transfer partner for a flight you would have paid cash for are usually the far better deal. The table below puts numbers on that spread at our current estimates.
Estimated value (Transfer partners, 2¢ per point):
Valuation last updated 2026-06-10.
What are 60,000 points worth?
Here is a 60,000-point balance valued under each Amex Membership Rewards redemption option, using our current estimates in cents per point (cpp). The calculator above uses the transfer partners rate by default.
| Redemption | Rate (cpp) | Estimated value |
|---|---|---|
| Statement credit | 0.6 | $360 |
| Amex Travel portal (flights) | 1.0 | $600 |
| Transfer partners (our default) | 2.0 | $1,200 |
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Frequently asked questions
How much are Amex Membership Rewards points worth?
It depends on the redemption: statement credits, Amex Travel bookings, and transfers to airline or hotel partners each have different rates. Use the calculator above to value your balance at our current estimate.
Do Membership Rewards points expire?
No, as long as you keep at least one Membership Rewards-earning card open. Closing all eligible cards can forfeit your points.
Can I transfer Amex points to airlines?
Yes. Membership Rewards transfers to many airline and hotel partners, most at a 1:1 ratio.
Is redeeming Amex points for cash a good deal?
Statement-credit redemptions are typically the lowest-value option. Transfers to travel partners usually yield more per point, at the cost of flexibility.
Wondering where these rates come from? How we value points and miles explains our methodology, sources, and why published valuations disagree.