By Austin Christensen · Last updated: November 9, 2026
Amex Points to Dollars
Points Mafia may earn a commission or referral bonus when you apply through links on this page. This doesn't change our ratings. Disclosure
What are Amex points worth?
An Amex point has no single cash value. What you get depends on how you redeem it.
We use 2.0 cents per point as our working value. That's The Points Guy's November 2026 figure, and it's what our points valuation tool uses by default. It assumes you transfer points to an airline or hotel partner and book a reasonable award.
The floor is much lower. Amex lists 0.6¢ for covering card charges and 1¢ for flights booked through Amex Travel. The gap between the floor and a good transfer is the whole game.
Calculator
Run your own balance through the points value calculator.
Enter your balance and see its value at every redemption type below. You can override our default with the value of a trip you're actually looking at.
Amex points value by redemption type
| How you redeem | Value per point | 50,000 points |
|---|---|---|
| Transfer to airline or hotel partners | About 2.0¢ (varies by award) | About $1,000 |
| Flights booked through Amex Travel | 1¢ | $500 |
| Gift cards | 0.5¢ to 1¢ | $250 to $500 |
| Pay with Points at checkout (Amazon and other retailers) | 0.7¢ to 1¢ | $350 to $500 |
| Prepaid hotels through Amex Travel | 0.7¢ | $350 |
| Statement credit (covering card charges) | 0.6¢ | $300 |
Rates checked October 29, 2026.
What 25K to 200K Amex points are worth
| Points | Through transfers | Amex Travel flights | Statement credit |
|---|---|---|---|
| 25,000 | $500 | $250 | $150 |
| 50,000 | $1,000 | $500 | $300 |
| 75,000 | $1,500 | $750 | $450 |
| 100,000 | $2,000 | $1,000 | $600 |
| 150,000 | $3,000 | $1,500 | $900 |
| 200,000 | $4,000 | $2,000 | $1,200 |
Why cashing out Amex points loses value
A statement credit feels like free money, but it's the worst rate Amex offers. Turning 100,000 points into a $600 credit gives up most of the roughly $2,000 they're worth through a solid transfer.
If you truly won't travel, cash is still better than letting points sit forever. But even one award flight a year usually beats it by a wide margin.
How to get more from Amex points
Transfer to partners. Amex moves points to 16 airline programs and 4 hotel programs. Air Canada Aeroplan, ANA, British Airways, Air France-KLM Flying Blue and Virgin Atlantic are the usual stars for premium cabin awards. See the full list, with ratios, on our transfer partners page. When the flight is on ANA, Delta, United, or American, start with How to book ANA with miles, How to book Delta with miles, How to book United with miles, or How to book American with miles. When it is on British Airways or JetBlue, start with How to book British Airways with Avios or How to book JetBlue with points.
Two things to know before you transfer:
- Transfers can't be reversed. Find award space first, then move points.
- Amex charges a fee on transfers to US airlines such as Delta: $0.0006 per point, capped at $99. That's $30 on 50,000 points.
Watch for transfer bonuses, which add extra miles for the same points. Our transfer bonus alerts will tell you when one starts.
New to transfers? Lesson 11: Transfer Partners & When to Use Them walks through your first one, and Lesson 12: What Are Your Points Worth? shows how to value any redemption yourself.
Learn this properly
Our free Travel Hacking Course takes you from zero to your first award trip. The lessons are free to read, and no signup is needed.
Frequently asked questions
How much is 1 Amex point worth?
About 2.0¢ when transferred to a good partner, 1¢ for flights through Amex Travel, and 0.6¢ as a statement credit.
How much are 100,000 Amex points worth?
About $2,000 through transfers, $1,000 in Amex Travel flights, or $600 as a statement credit.
Can I convert Amex points to cash?
Yes, as a statement credit at 0.6¢ per point. It's the lowest value you can get, so use it only as a last resort.
Are Amex points worth more than Chase points?
They're close: 2.0¢ for Amex and 2.05¢ for Chase in November 2026 values. Which is better depends on the partner you need. See Chase points to dollars.
Do Amex points expire?
Not while your card account is open. Close your last Membership Rewards card and you can lose them, so transfer or use them first.
Get the Points Mafia newsletter
Join the Points Mafia newsletter. Unsubscribe anytime.