What are Amex Membership Rewards points worth?

About 1.00 cents each — $10 per thousand points.

That is our published figure, our own, as of 2026-09. How we arrive at it — and why a chart rate is a best case rather than a price you are certain to get.

Where they transfer

Best value first, at our rate for the destination. A transfer cannot be reversed.

To	Ratio	Worth after transfer
British Airways Avios	1 : 1	2.55¢ per point sent
Air France/KLM Flying Blue	1 : 1	2.24¢ per point sent
Air Canada Aeroplan	1 : 1	1.86¢ per point sent
Delta SkyMiles	1 : 1	1.37¢ per point sent
Hilton Honors	1 : 2	1.24¢ per point sent
Choice Privileges	1 : 1	1.22¢ per point sent
JetBlue TrueBlue	1 : 0.8	0.99¢ per point sent
Virgin Atlantic Flying Club	1 : 1	0.74¢ per point sent
Marriott Bonvoy	1 : 1	0.56¢ per point sent
ANA Mileage Club	1 : 1	we publish no rate

Cards that earn them

Amex Gold — 4× on dining · American Express · $325 annual fee
Amex Gold — 4× on grocery · American Express · $325 annual fee
Amex Gold — 5× on hotels · American Express · $325 annual fee
Amex Gold — 3× on flights · American Express · $325 annual fee
Amex Gold — 1× on other · American Express · $325 annual fee
Amex Platinum — 5× on flights · American Express · $895 annual fee

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See what these points buy this week →