#rewards

Travel miles vs cash back 2026: the real math no one runs before choosing

The question "miles or cash back?" has a numerical answer, not an ideological one. A transferable point is worth between 1.5 and 4 cents on redemption; cash back is worth exactly 1 cent, guaranteed. The secret is the value per point you can extract and the discipline not to let points expire. We map Amex Membership Rewards and Chase Ultimate Rewards on one side, Citi and Capital One cash back on the other, with real dollar examples and the exact point where each one wins.

Curadoria Voyspark · Jun 02