bank comparison · 2¢ vs 2¢
Chase Ultimate Rewards vs Amex Membership Rewards
Side-by-side: cents-per-point, sweet-spot depth, and which program wins for your trip mix.
All program comparisons
Bottom line: these two programs trade blows. Choose based on your trip mix, not on valuation alone.
Chase Ultimate Rewards
bank
CPP
2¢
Sweet spots
0+
Full program details
Amex Membership Rewards
bank
CPP
2¢
Sweet spots
0+
Full program details
When Chase Ultimate Rewards wins
Higher baseline CPP (2¢ vs 2¢) means more travel value per point on a typical redemption. Lean toward Chase Ultimate Rewards if your card portfolio is heavy on its earning structure.
When Amex Membership Rewards wins
Higher baseline CPP (2¢ vs 2¢). Lean toward Amex Membership Rewards if your spending categories align with its bonus tiers.
How we value: our CPP numbers are anchored to saver award space at the median observed redemption, not chart-floor pricing. Read the full valuation methodology for why our numbers run lower than competitor rankings.