American Categorical Membership Rewards factors and Chase Final Rewards factors are two of essentially the most extremely sought-after transferable currencies amongst journey fanatics. These factors can unlock high-value redemptions at aspirational locations.
Each applications supply a spread of worthwhile journey rewards bank cards and redemption choices, together with transferring factors to airline and resort companions and reserving journey by means of the respective card issuer’s journey portal.
In line with TPG’s July 2025 valuations, Amex Membership Rewards factors and Chase Final Rewards factors are valued at 2 cents and a couple of.05 cents per level, respectively.
So, how do they measure up — and which is the very best forex for you?
Which forex has the very best switch companions?
American Categorical Membership Rewards
American Categorical companions with a formidable 17 totally different airline applications and three resort chains. Until indicated, factors switch at a 1:1 fee in 1,000-point increments. Here is the present checklist of Amex airline companions:
And these are the Amex resort switch companions:
Chase Final Rewards
With Chase Final Rewards, you’ll be able to switch factors to 11 airline applications:
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Chase additionally companions with three resort applications:
All switch ratios are 1:1, and you have to switch in 1,000-point increments.
Which program has the very best switch companions largely will depend on your journey habits and favourite airline and resort loyalty applications.
Whereas Amex might appear to be the apparent winner with extra switch companions — together with Delta SkyMiles and Avianca LifeMiles — Chase holds its personal with just a few key companions that are not out there by means of Amex.
In case you’re a daily United Airways traveler, for instance, you might switch both forex to Air Canada Aeroplan and e-book United flights. Nevertheless, United’s personal MileagePlus program additionally companions with Chase however not Amex, so it’s possible you’ll want to concentrate on incomes Chase factors if it is your most well-liked service and program.
On the resort facet, we extremely worth the World of Hyatt program for its high-value award chart redemption charges, so in the event you’re on the lookout for an ideal resort switch possibility, think about incomes Chase factors.
Associated: Methods to redeem Chase Final Rewards factors for optimum worth
Which forex has the very best bank card welcome affords?
American Categorical Membership Rewards
Regardless of a once-per-lifetime coverage for welcome affords, the wide selection of playing cards that earn Membership Rewards factors makes it simple to build up a considerable factors stability.
Listed below are among the finest welcome affords out there proper now:
- The Platinum Card® from American Categorical: Discover out your supply and see in case you are eligible for as excessive as 175,000 Membership Rewards factors after spending $8,000 on purchases inside the first six months of card membership. Welcome affords range and also you will not be eligible for a suggestion.
- American Categorical® Gold Card: Discover out your supply and see in case you are eligible for as excessive as 100,000 Membership Rewards factors after spending $6,000 on eligible purchases in your first six months of card membership. Welcome affords range and also you will not be eligible for a suggestion.
- The Enterprise Platinum Card® from American Categorical: Earn 150,000 Membership Rewards factors after spending $20,000 in eligible purchases inside the first three months of card membership.
Associated: Greatest American Categorical bank cards
Chase Final Rewards
Chase affords 4 playing cards that earn transferable Final Rewards factors, all of which have beneficiant welcome bonuses:
Keep in mind that the Chase 5/24 rule might restrict your means to get accredited for these playing cards. In case you’re new to factors and miles, your finest wager is to use for the Chase playing cards you need first.
Associated: Greatest Chase bank cards
Which forex has the very best bonus classes?
To maximise the factors you’ll be able to earn in both program, it is best to decide on a card that earns greater than 1 level per greenback in classes the place you spend essentially the most. Listed below are some highlights throughout the applications.
American Categorical Membership Rewards
The Amex Gold earns 4 factors per greenback spent at eating places worldwide (on as much as $50,000 spent per calendar yr, then 1 level per greenback).
As compared, the Amex Platinum and the Amex Enterprise Platinum earn 5 factors per greenback spent on airfare booked instantly with the airline or by way of American Categorical Journey® (on as much as $500,000 of those purchases per calendar yr, then 1 level per greenback for the patron model) and 5 factors per greenback spent on pay as you go inns booked by means of American Categorical Journey.
Chase Final Rewards
The Sapphire Most well-liked affords 5 factors per greenback spent on journey booked by means of Chase Journey, 3 factors per greenback spent on eating, choose streaming companies, and on-line grocery purchases (excluding Goal and Walmart) and a couple of factors per greenback spent on different journey purchases.
The Ink Enterprise Most well-liked affords 3 factors per greenback spent on journey, transport, web, cable, telephone companies and promoting purchases made with social media and engines like google (on as much as $150,000 in mixed purchases per account anniversary yr, then 1 level per greenback) and 1 level per greenback spent on all different purchases.
Lastly, with the Sapphire Reserve and Sapphire Reserve for Enterprise, you may earn 8 factors per greenback spent on all Chase Journey purchases and 4 factors per greenback on flights and inns booked instantly.
The enterprise model additionally earns 3 factors per greenback on social media and search engine promoting.
Associated: Evaluating flat-rate with bonus-category cash-back bank cards
Which forex has the very best redemption choices?
Membership Rewards and Final Rewards have a big overlap of the identical switch companions that switch at a 1:1 fee, so accumulating both forex offers you the identical redemption values.
Whereas Amex boasts extra switch choices — together with six extra airline companions — Chase nonetheless stands out with unique companions like World of Hyatt, identified for its persistently excessive redemption worth.
You should use the Amex Journey portal to discover a most well-liked room after which pay with factors — valued at just one cent every — or money. You possibly can e-book inns, together with these in Amex’s Superb Lodges + Resorts program.
With Chase, you’ll be able to e-book journey by means of Chase Journey and redeem factors to pay in your aircraft tickets, resort stays, rental vehicles and experiences. In case you’re a Sapphire Most well-liked or Ink Enterprise Most well-liked cardholder, every level is price as much as 1.75 cents with Factors Increase, relying on the particular redemption (see your reward program settlement for full particulars).
You probably have the Sapphire Reserve or Sapphire Reserve for Enterprise, your factors might be price as much as 2 cents every when redeemed by means of the portal (relying on the particular redemption — see your rewards program settlement for full particulars), which affords higher worth than reserving by means of the Amex Journey portal.
Backside line
Each Membership Rewards and Final Rewards supply super worth, with sturdy switch companions, profitable welcome affords and versatile redemption choices.
Chase stands out for its Hyatt partnership and portal redemptions price as much as 2 cents per level, whereas Amex shines with unique airline companions like Delta and Avianca.
The potential finest technique? Earn each — and let your journey objectives decide the way you redeem.
Associated: How to decide on the very best bank card for you
