American Categorical Membership Rewards factors and Chase Final Rewards factors are two of probably the most extremely sought-after transferable currencies amongst journey fans. These factors can unlock high-value redemptions at aspirational locations.
Each packages supply a spread of useful journey rewards bank cards and redemption choices, together with transferring factors to airline and lodge companions and reserving journey by the respective card issuer’s journey portal.
In line with TPG’s July 2025 valuations, Amex Membership Rewards factors and Chase Final Rewards factors are valued at 2 cents and a couple of.05 cents per level, respectively.
So, how do they measure up — and which is the perfect foreign money for you?
Which foreign money has the perfect switch companions?
American Categorical Membership Rewards
And these are the Amex lodge switch companions:
Chase Final Rewards
With Chase Final Rewards, you may switch factors to 11 airline packages:
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Chase additionally companions with three lodge packages:
All switch ratios are 1:1, and it’s essential to switch in 1,000-point increments.
Which program has the perfect switch companions largely depends upon your journey habits and favourite airline and lodge loyalty packages.
Whereas Amex could appear to be the plain winner with extra switch companions — together with Delta SkyMiles and Avianca LifeMiles — Chase holds its personal with just a few key companions that are not out there by Amex.

For those who’re an everyday United Airways traveler, for instance, you might switch both foreign money to Air Canada Aeroplan and e book United flights. Nonetheless, United’s personal MileagePlus program additionally companions with Chase however not Amex, so it’s possible you’ll want to give attention to incomes Chase factors if it is your most well-liked service and program.
On the lodge aspect, we extremely worth the World of Hyatt program for its high-value award chart redemption charges, so when you’re in search of a fantastic lodge switch choice, take into account incomes Chase factors.
Associated: The right way to redeem Chase Final Rewards factors for optimum worth
Which foreign money has the perfect bank card welcome gives?
American Categorical Membership Rewards

Listed here are a number of the finest welcome gives out there proper now:
- The Platinum Card® from American Categorical: Discover out your supply and see if you’re eligible for as excessive as 175,000 Membership Rewards factors after spending $8,000 on purchases throughout the first six months of card membership. Welcome gives range and also you will not be eligible for a proposal.
- American Categorical® Gold Card: Discover out your supply and see if you’re eligible for as excessive as 100,000 Membership Rewards factors after spending $6,000 on eligible purchases in your first six months of card membership. Welcome gives range and also you will not be eligible for a proposal.
- The Enterprise Platinum Card® from American Categorical: Earn 150,000 Membership Rewards factors after spending $20,000 in eligible purchases throughout the first three months of card membership.
Associated: Greatest American Categorical bank cards
Chase Final Rewards
Chase gives 4 playing cards that earn transferable Final Rewards factors, all of which have beneficiant welcome bonuses:

Keep in mind that the Chase 5/24 rule could restrict your capacity to get authorized for these playing cards. For those who’re new to factors and miles, your finest wager is to use for the Chase playing cards you need first.
Associated: Greatest Chase bank cards
Which foreign money has the perfect bonus classes?
To maximise the factors you may earn in both program, it is best to decide on a card that earns greater than 1 level per greenback in classes the place you spend probably the most. Listed here are some highlights throughout the packages.
American Categorical Membership Rewards

As compared, the Amex Platinum and the Amex Enterprise Platinum earn 5 factors per greenback spent on airfare booked straight with the airline or through American Categorical Journey® (on as much as $500,000 of those purchases per calendar yr, then 1 level per greenback for the patron model) and 5 factors per greenback spent on pay as you go accommodations booked by American Categorical Journey.
Chase Final Rewards
The Sapphire Most popular gives 5 factors per greenback spent on journey booked by Chase Journey, 3 factors per greenback spent on eating, choose streaming providers, and on-line grocery purchases (excluding Goal and Walmart) and a couple of factors per greenback spent on different journey purchases.
The Ink Enterprise Most popular gives 3 factors per greenback spent on journey, transport, web, cable, cellphone providers and promoting purchases made with social media and search engines like google (on as much as $150,000 in mixed purchases per account anniversary yr, then 1 level per greenback) and 1 level per greenback spent on all different purchases.

Lastly, with the Sapphire Reserve and Sapphire Reserve for Enterprise, you will earn 8 factors per greenback spent on all Chase Journey purchases and 4 factors per greenback on flights and accommodations booked straight.
The enterprise model additionally earns 3 factors per greenback on social media and search engine promoting.
Associated: Evaluating flat-rate with bonus-category cash-back bank cards
Which foreign money has the perfect redemption choices?
Membership Rewards and Final Rewards have a big overlap of the identical switch companions that switch at a 1:1 fee, so accumulating both foreign money provides you with the identical redemption values.
Whereas Amex boasts extra switch choices — together with six further airline companions — Chase nonetheless stands out with unique companions like World of Hyatt, recognized for its constantly excessive redemption worth.

You should use the Amex Journey portal to discover a most well-liked room after which pay with factors — valued at just one cent every — or money. You may e book accommodations, together with these in Amex’s Fantastic Resorts + Resorts program.
With Chase, you may e book journey by Chase Journey and redeem factors to pay in your aircraft tickets, lodge stays, rental vehicles and experiences. For those who’re a Sapphire Most popular or Ink Enterprise Most popular cardholder, every level is price as much as 1.75 cents with Factors Increase, relying on the precise redemption (see your reward program settlement for full particulars).
In case you have the Sapphire Reserve or Sapphire Reserve for Enterprise, your factors may be price as much as 2 cents every when redeemed by the portal (relying on the precise redemption — see your rewards program settlement for full particulars), which gives higher worth than reserving by the Amex Journey portal.
Backside line
Each Membership Rewards and Final Rewards supply large worth, with sturdy switch companions, profitable welcome gives and versatile redemption choices.
Chase stands out for its Hyatt partnership and portal redemptions price as much as 2 cents per level, whereas Amex shines with unique airline companions like Delta and Avianca.
The potential finest technique? Earn each — and let your journey objectives decide the way you redeem.
Associated: How to decide on the perfect bank card for you