The value of credit card rewards points depends on how you redeem them. For example, you may typically get a value of 1 cent per point when redeeming for travel on the issuer’s website. However, you may have the option to transfer your points to an airline which may stretch the value of your points further. You also may have the option to redeem points for gift cards or cash back.
Further reading: How to know how much a rewards point is worth