How much are Amex Membership Rewards points worth?
About 2.00¢ each — so a balance of 10,000 is worth roughly $200 when it is spent well.
That figure is the median of 5 published valuations, published 2026-09. It ranks number 3 of 16 currencies in the catalogue — all of them, side by side.
The short version
- Worth: 2.00¢ a point, spent the way the valuation assumes.
- Floor: 0.60¢ a point taken as cash or a statement credit — what you get without planning anything.
- Kind: Points — bank points you can move to airlines and hotels, which is where the higher figures in this family come from.
Why this number and not another
A point has no fixed price. What it is worth depends on what it is spent on, and a valuation is an outlet's estimate of what a typical member gets when they redeem sensibly — not the best redemption anybody ever found, and not the worst. Outlets disagree, so Cardful takes the middle of their figures for every currency, so that a points card and a cash-back card can be ranked in the same unit; why the figures differ so much from one program to the next is its own page.
Each outlet's own figure, read 2026-09:
| Outlet | Per point |
|---|---|
| The Points Guy | 2.00¢ |
| Upgraded Points | 2.20¢ |
| NerdWallet | 1.30¢ |
| Frequent Miler | 1.50¢ |
| AwardWallet | 2.03¢ |
If you redeem differently — only for cash, say — your own figure is the one that matters, and the extension lets you set it. Every ranking it shows you is then priced on yours.
These are transferable points, which is most of why the figure is as high as it is.
Cards that earn Amex Membership Rewards points
| Card | Annual fee | Top rate | On |
|---|---|---|---|
| American Express Blue Business Plus | none | 2x | Restaurants & Bars, Food Delivery, Groceries |
| American Express Classic Green Card | $150 | 3x | Flights, Hotels, Vacation Rentals |
| American Express Gold Card | $325 | 4x | Restaurants & Bars, Food Delivery |
| American Express Platinum Card | $895 | 5x | Flights |
The best card for earning them, by kind of spending
- groceries: Gold Card — $8.00 per $100
- dining out: Gold Card — $8.00 per $100
- gas: Blue Business Plus — $4.00 per $100
- flights: Platinum Card — $10.00 per $100
- hotels: Classic Green Card — $6.00 per $100
- online shopping: Blue Business Plus — $4.00 per $100
- streaming services: Blue Business Plus — $4.00 per $100
- food delivery: Gold Card — $8.00 per $100
- Uber and Lyft: Classic Green Card — $6.00 per $100
- public transit: Classic Green Card — $6.00 per $100
We track The Points Guy, Upgraded Points, NerdWallet, Frequent Miler and AwardWallet when refreshing these figures. How every number on this site is worked out.
Your points, your value.
Cardful ranks every card you carry in dollars, using these figures or your own.