Bilt Rewards
2.2¢ per point
Hyatt transfers at 1:1, before the January 1, 2027 change.
What Points and Miles Are Worth: October 2026
A points valuation is an estimate of what one point or mile is worth in cents, if you redeem it well. It turns a pile of points into a dollar figure you can compare with cash back.
The values below are the ones every MaxPoints tool uses: the rewards calculator, the compare and category tools, the card pages and the worth-it reviews. They come from The Points Guy’s October 2026 monthly valuations. For the few programs TPG doesn’t value, we use the program’s 1¢ cash value.
They’re planning numbers, not guarantees. What you get depends on how you redeem.
Values checked October 19, 2026.
The Points Guy’s October 2026 valuations
| Program | Type | TPG value | Best use |
|---|---|---|---|
| Bank | |||
| Bilt Rewards | Bank | 2.2¢ | Hyatt transfers at 1:1, before the January 1, 2027 change. |
| Chase Ultimate Rewards | Bank | 2.05¢ 1¢ alone on Freedom, Ink Cash and Ink Unlimited | Hyatt stays and United or Flying Blue flights. When 2.5¢ beats a transfer. |
| Amex Membership Rewards | Bank | 2¢ | Flying Blue Promo Rewards and ANA round trips to Japan. |
| Citi ThankYou Rewards | Bank | 1.9¢ 1¢ alone on Double Cash, Strata and Custom Cash | Japan Airlines flights to Japan; Qatar premium cabins via Doha. |
| Capital One Miles | Bank | 1.85¢ 1¢ alone on Savor and Spark Cash | Flying Blue Promo Rewards; Turkish Star Alliance premium cabins. |
| Wells Fargo Rewards | Bank | 1.75¢ 1¢ alone on Active Cash | Full value needs an Autograph or Autograph Journey. |
| Bank of America Points | Bank | 1¢1¢ cash value1 | Cash or travel at 1¢. |
| Fidelity Rewards Points | Bank | 1¢1¢ cash value1 | Deposit into a Fidelity account at 1¢. |
| U.S. Bank Points | Bank | 1¢1¢ cash value1 | Cash redemption at 1¢. |
Bank
Chase Ultimate Rewards
2.05¢ per point
1¢ alone on Freedom, Ink Cash and Ink Unlimited
Hyatt stays and United or Flying Blue flights. When 2.5¢ beats a transfer.
Amex Membership Rewards
2¢ per point
Flying Blue Promo Rewards and ANA round trips to Japan.
Citi ThankYou Rewards
1.9¢ per point
1¢ alone on Double Cash, Strata and Custom Cash
Japan Airlines flights to Japan; Qatar premium cabins via Doha.
Capital One Miles
1.85¢ per point
1¢ alone on Savor and Spark Cash
Flying Blue Promo Rewards; Turkish Star Alliance premium cabins.
Wells Fargo Rewards
1.75¢ per point
1¢ alone on Active Cash
Full value needs an Autograph or Autograph Journey.
Bank of America Points
1¢ per point
1¢ cash value1Cash or travel at 1¢.
Fidelity Rewards Points
1¢ per point
1¢ cash value1Deposit into a Fidelity account at 1¢.
U.S. Bank Points
1¢ per point
1¢ cash value1Cash redemption at 1¢.
1 The Points Guy doesn’t publish a value for this program. We count it at its 1¢ cash redemption value.
Where a row notes 1¢ alone, that is what the points are worth on a no-fee card that can’t transfer by itself. Pair it with a card that unlocks transfers in the same program and the TPG value applies.
Point values from The Points Guy’s October 2026 valuations.
Checked October 19, 2026.
How we value points
We don’t set these numbers ourselves. Each month we use The Points Guy’s published valuations without changes, so every MaxPoints tool works from the same public figure. When TPG doesn’t value a program, such as Bank of America, Fidelity, U.S. Bank, Disney Rewards Dollars or Lufthansa Miles & More, we count it at its 1¢ cash value.
One exception is built into the tools. Some no-fee cards only reach their program’s value when you also hold a card that transfers. Chase Freedom Unlimited points, for example, are worth 1¢ alone and 2.05¢ with a Sapphire Preferred. The calculator values them by your wallet.
These numbers have limits:
- A valuation is an average of good redemptions, not a price anyone guarantees.
- Award prices change without notice, and dynamic pricing moves them with cash fares.
- Your own value may be lower if you redeem for cash, gift cards or the travel portal. It may be higher if you find premium-cabin space.
- We update when The Points Guy publishes a new month, so values can trail a devaluation by a few weeks.
Use them to compare cards, not to price a specific trip. The method is also on how we calculate. For where a transfer goes furthest, see award sweet spots.
How to use these numbers
Multiply the points by the value to get a dollar estimate. 60,000 Chase Ultimate Rewards points × 2.05¢ = $1,230. (Value: The Points Guy’s October 2026 valuations.)
Then check the redemption you’re actually looking at. If it gives you less per point than the table, pay cash and keep the points.
See what your spending earns →
The calculator applies these values to your own spending, card by card.
Transferring soon? Check current transfer bonuses. A 30% bonus makes each bank point go 1.3× as far.
Buying points? Compare the sale price with the value above on point sales. A sale below the value can make sense for a trip you’ve already found.
FAQ
How much is a point worth?
It depends on the program. In The Points Guy’s October 2026 valuations, values run from 0.4¢ for Hilton Honors to 2.2¢ for Bilt Rewards.
Why are hotel points worth less than bank points?
Hotel programs hand out more points per dollar and charge more points per night. A lower value per point doesn’t make a hotel program worse.
Are Chase Freedom Unlimited points worth 2.05¢?
Only if you also have a Sapphire Preferred, Sapphire Reserve, Sapphire Reserve for Business or Ink Business Preferred. On its own, the card’s points are worth 1¢.
Why don’t you use your own valuations?
A single public source keeps every tool consistent, and it lets you check our numbers. We credit The Points Guy on every page that shows a value.
How often do these values change?
We update them when The Points Guy publishes a new month. The current values are from October 2026, published October 1, 2026.
Should I redeem below the listed value?
Only if you need the cash or the trip now. Below the value, paying cash and saving the points usually comes out ahead.