Free interactive tool

Amex Points to Dollars Calculator

The American Express points-to-dollars calculator converts a Amex Membership Rewards balance into dollars three ways at once: cashed out, spent on Amex Travel, and transferred to an airline or hotel partner. Cash-out and travel values are the balance times American Express’s published cents-per-point rate; the transfer value is the balance times the published transfer ratio times the value you get per partner mile on a real award. Rates American Express publishes are pre-filled and dated; rates it does not publish are marked as your input.

The formula

cash-out value ($)  = points × cash-out rate (¢ per point) ÷ 100
travel value ($)    = points × travel rate (¢ per point) ÷ 100
transfer value ($)  = points × transfer ratio × partner value (¢ per partner mile) ÷ 100
break-even partner value = best fixed rate ÷ transfer ratio

The transfer ratio is partner miles received per point (1 for 1:1, 0.7 for 1,000 → 700). The partner value comes from an actual award: (cash fare − award taxes and fees) ÷ partner miles × 100 — the same cents-per-point formula as the points vs cash calculator.

Run your numbers

Your Amex Membership Rewards balance

60,000 is a hypothetical example balance.

1. Statement credit (cover charges)Issuer rate · checked September 15, 2026

Cash-out rate

American Express states 0.6 cents per point for covering eligible charges (page dated Apr 30, 2026; checked Sep 15, 2026).

Published rates:

2. Amex TravelIssuer rate · checked September 15, 2026

Travel redemption rate

Flights: 1 cent per point. Other Amex Travel purchases such as prepaid hotels: 0.7 cents. Pick the one that matches your booking.

Published rates:

3. Transfer partnerRatios · checked September 15, 2026

Partner miles per point

1 = a 1:1 transfer; 0.7 = 1,000 points → 700 partner miles. JetBlue is listed as 250 points = 200 TrueBlue points, which is the same 0.8 ratio. Some U.S. Membership Rewards products (for example, checking-only members) see fewer partners.

Published ratios:

Value you get per partner mile (your input)

Work it out from a real award: (cash fare − award taxes) ÷ partner miles × 100. 1.40¢ is a hypothetical example, not a valuation.

Your 60,000 points, valued side by side
Mode	¢ per point	Working	Dollar value
Statement credit (cover charges)	0.60¢/pt	60,000 × 0.60¢ ÷ 100	$360.00
Amex Travel	1.00¢/pt	60,000 × 1.00¢ ÷ 100	$600.00
Transfer partner	1.40¢/pt	60,000 × 1 × 1.40¢ ÷ 100	$840.00

Partner miles you would receive: 60,000 mi
Partner value needed to beat the better of modes 1 and 2: 1.00¢/mi

Side by sideTransfer partner is highest at $840.00, $480.00 more than Statement credit (cover charges) (+133%). That depends on the partner value you entered — a transfer is one-way, so confirm the award price before you move points.

Published rates were read on American Express’s own pages on September 15, 2026 and can change; your logged-in redemption and transfer screens are the source of truth. The balance and partner value are hypothetical examples.

Worked example (hypothetical numbers)

You hold 60,000 points (a hypothetical balance) and have priced one partner award that returns 1.40¢ per partner mile (a hypothetical award value, not a valuation):

Statement credit (cover charges) at the published 0.60¢: 60,000 × 0.60 ÷ 100 = $360.00
Amex Travel at the published 1.00¢: 60,000 × 1.00 ÷ 100 = $600.00
Transfer, 1:1 partners (e.g. Delta, Aeroplan, Flying Blue, ANA): 60,000 × 1 × 1.40 ÷ 100 = $840.00

The ratio matters as much as the award. At the published ratio of 0.8 for Emirates, Cathay, JetBlue (1,000:800), the same award is worth 60,000 × 0.8 × 1.40 ÷ 100 = $672.00. At that ratio the award must return more than 1.00 ÷ 0.8 = 1.25¢ per partner mile just to beat the 1.00¢ fixed rate above.

Rates used, with sources

Every rate pre-filled above was read on American Express’s own public pages on September 15, 2026. Issuers change these rates; re-check your logged-in screen before you redeem.

Mode	Published rate	Source (checked)
Statement credit (cover charges)	Cover eligible charges: 0.60¢	American Express: How Much Are American Express Membership Rewards Points Worth? (Credit Intel) (Sep 15, 2026; page dated Apr 30, 2026)
Amex Travel	Flights via Amex Travel: 1.00¢	American Express: How Much Are American Express Membership Rewards Points Worth? (Credit Intel) (Sep 15, 2026; page dated Apr 30, 2026)
Amex Travel	Other Amex Travel, e.g. prepaid hotels: 0.70¢	American Express: How Much Are American Express Membership Rewards Points Worth? (Credit Intel) (Sep 15, 2026; page dated Apr 30, 2026)
Transfer ratio	1:1 partners (e.g. Delta, Aeroplan, Flying Blue, ANA): 1	American Express: Membership Rewards Transfer Partners (U.S.) (Sep 15, 2026)
Transfer ratio	Emirates, Cathay, JetBlue (1,000:800): 0.8	American Express: Membership Rewards Transfer Partners (U.S.) (Sep 15, 2026)
Transfer ratio	Aeromexico (1,000:1,600): 1.6	American Express: Membership Rewards Transfer Partners (U.S.) (Sep 15, 2026)
Transfer ratio	Hilton Honors (1,000:2,000): 2	American Express: Membership Rewards Transfer Partners (U.S.) (Sep 15, 2026)

The value per partner mile is always your input: it depends on the specific award, date, and cash fare, so no issuer or program publishes it.

See every currency side by side in the Points Value Index (September 2026), which uses these same inputs.