How do points convert to dollars?

1 point = $1, but depending on your V—Rewards membership status, you can earn up to 5 points for every $1 you spend on Verishop!

Silver-tier members earn 1 point for every $1 spent. Once you spend $200, you become a Gold member and start earning 2 points for every $1. When you move up to Platinum (a member who has spent $1000+), you’ll earn 5 points for every $1 you spend.