Points Valuation Guide (CPP)
A practical baseline for deciding when to redeem points vs pay cash for flights and hotels.
What is cents-per-point (CPP)?
CPP is a simple way to express the value you’re getting from a redemption: ((cash price − fees) ÷ points) × 100. Compare that to your personal “floor” (minimum acceptable value per point) to decide whether to redeem.
Suggested baseline floors
These are conservative starting points, not promises. Programs change—always verify. Use our calculator to plug in your own values.
| Program / Currency | Baseline floor (¢/pt) | Notes |
|---|---|---|
| Chase Ultimate Rewards (CSP) | 1.25 | Travel portal floor via CSP. |
| Chase Ultimate Rewards (CSR) | 1.50 | Travel portal floor via CSR. |
| Amex Membership Rewards | 1.00–1.25 | Varies by redemption; transfers can exceed this. |
| Citi ThankYou Points | 1.00–1.25 | Depends on card and partner usage. |
| Capital One Miles | 1.00 | Purchase eraser baseline; partners vary. |
| Airline miles (major US) | 1.2–1.5 | Highly route/date dependent; watch fees. |
| Hotel points (major) | 0.5–0.8 | Resort/brand/season matters. |
Disclaimer: These are rough starting points for education only.
When to redeem points
- CPP > your floor: a strong redemption—consider using points.
- CPP ≈ your floor: either is fine; consider cash if you want to earn points or keep flexibility.
- CPP < your floor: pay cash and save points for better value.
Use the JustMyPoints calculator to test scenarios in seconds.
FAQ
Do transfer ratios change CPP?
Yes. If you transfer points 1:1 vs 1:0.8, your effective floor may change. Always test with the calculator using your real transfer path and fees.
Should I include checked bag fees or parking?
Only include unavoidable fees tied to the booking (e.g., taxes, carrier-imposed charges, resort fees). Ancillary/optional costs generally shouldn’t be counted.
Will CPP always be accurate?
CPP is a decision aid, not an absolute truth. Award availability, elite benefits, and schedule changes can make one option better even at similar CPP.