Bonvoy points don't have a single set value — what they're worth depends entirely on how you redeem them. They stretch furthest on Free Nights — Off-Peak & Luxury at 1.4¢ per point, and as little as 0.4¢ when used for Gift Cards & Merchandise. All 5 redemption options are broken down below.
Value per point varies by how you redeem. Best-value options first.
Marriott Bonvoy is the loyalty program behind 30+ hotel brands (Marriott, Sheraton, Westin, St. Regis and more). You earn it directly on Bonvoy co-brand cards and can transfer in from Amex Membership Rewards (1,000 MR = 1,200 Bonvoy). Points are overwhelmingly best spent on hotel free nights — especially off-peak dates and luxury properties, where value climbs toward 1.4¢, and any 5-night points stay gets the 5th night free. Airline transfers (3:1) and gift cards are poor value and best avoided. Points expire after 24 months without qualifying activity.
