Every bank is different and varies based on how you choose to redeem them.
Due to ANA’s 355 day Flight booking policy, I haven’t booked it yet but I’ve scoped our various different dates and availability to determine the amount of points needed.
But for a RT business class ticket to the Philippines. It’s 90K Amex MR points. Cost of ticket would be roughly 6K. Cheapest alternative is in the high 5000’s. I will net somewhere around 6.5CPP for Amex MR.
While I wouldn’t take TPG’s values to be set in stone unless it’s a fixed point value. This should give you an idea of what a good average point value is.
https://thepointsguy.com/guide/monthly-valuations/
Due to ANA’s 355 day Flight booking policy, I haven’t booked it yet but I’ve scoped our various different dates and availability to determine the amount of points needed.
But for a RT business class ticket to the Philippines. It’s 90K Amex MR points. Cost of ticket would be roughly 6K. Cheapest alternative is in the high 5000’s. I will net somewhere around 6.5CPP for Amex MR.
While I wouldn’t take TPG’s values to be set in stone unless it’s a fixed point value. This should give you an idea of what a good average point value is.
https://thepointsguy.com/guide/monthly-valuations/
@EAJuggalo wrote:
AMEX MR are worth a minimum of 0.6 cpp if you take the statement credit option. I am looking at using my MR next year to fly my family to Disney World at a cost of about 100,000 points on Delta. Cash value of those tickets looks to be about $1600. There are bonuses as well. Currently MR are transfering to Hilton Honors points at 1:2.4 so I can get a night at a Hampton Inn just outside Chicago for the equivalent of $45.
All depends on what you are looking to do with the points.
I just got an AMEX Everyday card to do a balance transfer, and I have the opportunity for 10,000 MR points if I spent $1000 in the first 3 months. I thought that sounded like a lot, until I saw that it only equals $60 in statement credit. A $60 sign up bonus is pretty sub par. Although I guess I could look at it like it's a 6% cash back card for the first $1000.. maybe that would make me feel better. 
@dlister70 wrote:
@EAJuggalo wrote:
AMEX MR are worth a minimum of 0.6 cpp if you take the statement credit option. I am looking at using my MR next year to fly my family to Disney World at a cost of about 100,000 points on Delta. Cash value of those tickets looks to be about $1600. There are bonuses as well. Currently MR are transfering to Hilton Honors points at 1:2.4 so I can get a night at a Hampton Inn just outside Chicago for the equivalent of $45.
All depends on what you are looking to do with the points.
I just got an AMEX Everyday card to do a balance transfer, and I have the opportunity for 10,000 MR points if I spent $1000 in the first 3 months. I thought that sounded like a lot, until I saw that it only equals $60 in statement credit. A $60 sign up bonus is pretty sub par. Although I guess I could look at it like it's a 6% cash back card for the first $1000.. maybe that would make me feel better.
MR points really aren't meant for cash redemption. Travel is the best bet, otherwise you are probably better off with another card/reward system.
@kdm31091 wrote:
@dlister70I just got an AMEX Everyday card to do a balance transfer, and I have the opportunity for 10,000 MR points if I spent $1000 in the first 3 months. I thought that sounded like a lot, until I saw that it only equals $60 in statement credit. A $60 sign up bonus is pretty sub par. Although I guess I could look at it like it's a 6% cash back card for the first $1000.. maybe that would make me feel better.
MR points really aren't meant for cash redemption. Travel is the best bet, otherwise you are probably better off with another card/reward system.
Agreed. I really only got the card to do a balance transfer since the Everyday had no BT fee, so I wasn't worried about the reward structure since I didn't really intend to purchase anything on the card. The SUB made me pause, as I wondered what sorts of fabulous things I could do with 10,000 points! However, it doesn't seem like I can do much.. so I probably won't bother trying to get it and just pay off my balance transfer and close the card.
OP - Cash Back is pretty straight forward. Points/Rewards are variable - all depends on what you redeem them for. So for example - you could possibly transfer 115,000 Chase Ultimate Rewards points to your United Mileage Plus frequent flyer account and then redeem those miles for a Business Class ticket with flat bed seats on a LAX (or whatever) to London (or wherever) route. That ticket usually retails at $5000 to $8500 range. So you are getting a "redemption value" of 4.3 cents to 7.4 cents per point. that is ALOT better than cashing them in on an account statement for 1 cent per point.
In my opinion - buying an economy ticket to London for $1000 and then using 50k in United Miles to upgrade it to flat bed Business Class seats is a great option. Then you are getting 8 cents to 15 cents per point !
That of course is ideal - not everyone travels internationally. But that is an example of you get the most bang for your buck