You can figure out the value of a point by dividing the total value in dollars of the reward you receive by the number of points it takes to get the reward. For example, if you spend 50,000 points to get $750 worth of travel, your points are worth 1.5 cents each (750/50,000). On the other hand, maybe you redeem 25,000 points for $250 in cash back. Each point, in that case, is worth 1.0 cent (250/25,000).