Calculating the value of points in dollars requires determining the dollar worth of your chosen reward. For example, let’s say you need 10,000 points to get a gift card valued at $70. You can divide the value of the reward by the points required for redemption to calculate the dollar worth of your reward points. In this case, you’d divide 70 by 10,000, which gives you 0.007. So, each reward point is worth 0.7 cents. On the other hand, if you only need 20,000 points to book an air ticket worth $350, the value of one point is 1.75 cents, which is a much better redemption value.