Meghan Coyle

Well...

Well...

Well...

And it's not as scary as it sounds. It really is very simple. But the tricky part is making sure that transferring points will actually be a better deal for you. And that's why we exist. So let's go over some basics before we get too deep here. Most credit card points are worth about one cent per point as a baseline value.

And it's not as scary as it sounds. It really is very simple. But the tricky part is making sure that transferring points will actually be a better deal for you. And that's why we exist. So let's go over some basics before we get too deep here. Most credit card points are worth about one cent per point as a baseline value.

And it's not as scary as it sounds. It really is very simple. But the tricky part is making sure that transferring points will actually be a better deal for you. And that's why we exist. So let's go over some basics before we get too deep here. Most credit card points are worth about one cent per point as a baseline value.

And that's usually the case if you redeem your points for cash back or cover a travel expense in your credit card issuer's travel portal.

And that's usually the case if you redeem your points for cash back or cover a travel expense in your credit card issuer's travel portal.

And that's usually the case if you redeem your points for cash back or cover a travel expense in your credit card issuer's travel portal.

Let's start with the good. The Chase Sapphire Preferred and Chase Sapphire Reserve have an even higher redemption rate when you redeem your points for travel in the Chase Travel Portal. It's 1.25 cents per point for the Chase Sapphire Preferred and 1.5 cents per point for the Chase Sapphire Reserve.

Let's start with the good. The Chase Sapphire Preferred and Chase Sapphire Reserve have an even higher redemption rate when you redeem your points for travel in the Chase Travel Portal. It's 1.25 cents per point for the Chase Sapphire Preferred and 1.5 cents per point for the Chase Sapphire Reserve.

Let's start with the good. The Chase Sapphire Preferred and Chase Sapphire Reserve have an even higher redemption rate when you redeem your points for travel in the Chase Travel Portal. It's 1.25 cents per point for the Chase Sapphire Preferred and 1.5 cents per point for the Chase Sapphire Reserve.

0.7.

0.7.

0.7.

So that is less than one penny per point. If you want to keep it simple and redeem in the travel portal, that's fine. Just know that you're getting about one cent per point with most of these programs. And as Megan said, that's fine. That's fine.

So that is less than one penny per point. If you want to keep it simple and redeem in the travel portal, that's fine. Just know that you're getting about one cent per point with most of these programs. And as Megan said, that's fine. That's fine.

So that is less than one penny per point. If you want to keep it simple and redeem in the travel portal, that's fine. Just know that you're getting about one cent per point with most of these programs. And as Megan said, that's fine. That's fine.

These are hotel or airline companies that partner with your credit card issuer, and you can send your points there for hopefully more value. You can find a list of the transfer partners of every major credit card rewards program on the NerdWallet website and the show notes, of course.

These are hotel or airline companies that partner with your credit card issuer, and you can send your points there for hopefully more value. You can find a list of the transfer partners of every major credit card rewards program on the NerdWallet website and the show notes, of course.