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Points or Cash Calculator

Should you spend the points or the money? A verdict measured against what your points are actually worth, not a one-size slider.

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How to use this calculator

Find the award on the airline or hotel site and note two numbers: the points it wants and the cash taxes it still charges. Find the same trip priced in money. Type all three here and pick which bank the points come from.

  1. Cents per point is the cash you avoid (price minus taxes) divided by the points. That is the only number that matters.
  2. Our bar is the conservative value we assign that currency as of 2026-09. Beat it and the points are well spent.
  3. The portal rate is the floor. If a redemption pays less than the issuer’s own travel portal, you should not be transferring anything.

Factors that affect your results

  • Fuel surcharges. Some programs (British Airways, Virgin Atlantic on certain partners) add hundreds in fees; that is why the taxes field exists.
  • The cash price you would really pay. Compare against the fare you would actually book, not the most expensive refundable one.
  • Opportunity cost. A 1.3¢ redemption is fine if you have 800,000 points. It is a mistake if those are the only points you have for a business-class trip next year.
  • Transfer bonuses. An active 30% bonus lowers the points you need by almost a quarter — enter the post-bonus number.

What to consider next

If the verdict is cash, the points are waiting for a better trip. The Travel Goal Planner turns a destination into a points target, the transfer path, and a card order to get there. If the verdict is points, confirm the seats or rooms are actually available before you transfer — transfers are one-way.

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