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Points Frog guide

The best transferable points currencies

2 transferable points currencies share the top spot as of October 13, 2026, each at an estimated 2.1¢ per point: American Express Membership Rewards and Bilt Rewards. 50,000 of any of them are worth about $1,050. Chase Ultimate Rewards (2¢) and Capital One Miles (1.8¢) follow. 6 programs are ranked by Points Frog's estimated redemption value per point.

Ranking updated

Bank and card rewards currencies, the points that move to airline and hotel partners, ranked by what Points Frog estimates one point is worth when redeemed.

Programs ranked by estimated value per point
#ProgramPer point
1American Express Membership Rewardspoints2.1¢ per point
1Bilt Rewardspoints2.1¢ per point
3Chase Ultimate Rewardspoints2¢ per point
4Capital One Milesmiles1.8¢ per mile
5Citi ThankYou Rewardspoints1.75¢ per point
6Wells Fargo Rewardspoints1.6¢ per point

Values are Points Frog's estimates of what one point or mile is worth when redeemed for good, available awards, in US cents. They are not cash-out rates, and they say nothing about how fast each program earns. How we value points.

Head to head

Quick answers

What is the best transferable points currency?

2 transferable points currencies share the top spot as of October 13, 2026, each at an estimated 2.1¢ per point: American Express Membership Rewards and Bilt Rewards.

Which transferable points currencies are worth the most?

The top three by estimated value per point are American Express Membership Rewards at 2.1¢, Bilt Rewards at 2.1¢ and Chase Ultimate Rewards at 2¢.

Which transferable points currency is worth the least per point?

Wells Fargo Rewards, at an estimated 1.6¢ per point. A low value per point is not a bad program by itself: what matters is how many points you earn per dollar or per flight.

How does Points Frog rank points programs?

By the estimated value of one point or mile when redeemed for travel, in US cents, from Points Frog's valuation catalog. The estimate is an editorial average of good, available redemptions, not a cash-out rate. It does not weigh how easily the points are earned, so compare earning rates too before choosing a program.

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