What are credit card and bank rewards points worth?
One great feature of the program is that all points are equal, so any account that earns Membership Rewards points has access to transfer partners.
If you're a Bank of America Preferred Rewards customer, you'll earn 25% to 75% more points, depending on how much you have on deposit, but your rewards points are still worth 1 cent apiece.
However, those miles expire after 36 months regardless of your account activity, so only transfer miles when you have immediate plans to redeem them.
Non-elite members may transfer points to other members with the same address, provided both parties have been members for at least one year.