Points valuation · updated weekly
One number would be a lie. The truth is a range: what careful redeemers actually get, and what the best uses pay. Plan against the conservative end.
Medium confidence, updated 7/26/2026 · how we value points
Where American Express Membership Rewards points earn their keep
ANA First Class US→Tokyo via Virgin Atlantic
Transfer Amex MR to Virgin Atlantic Flying Club to book ANA First: ~110k points one-way for a $20k+ cash ticket.
Waldorf Astoria Seychelles with Amex MR → Hilton
Amex MR transfers 1:2 to Hilton Honors. Waldorf Astoria Seychelles at 120k points/night beats $1,500+ cash rates.
Have American Express Membership Rewards points and a trip in mind? See exactly how far they'll get you.
Check a redemption