From first class travel to gift cards and covering your card charges, the dollar-to-point value for American Express Membership Rewards points varies depending on how you choose to redeem them. To give you an overview of how points value can change, here are some common redemption methods and their approximate points values.
Note that the below examples were calculated using the American Express Platinum Card. Be sure to check the American Express Membership Rewards Points Calculator to see how much points are worth when using different redemption options.
Use Pay with Points at Checkout. Some retailers let you link your American Express Membership Rewards account so you can use Pay with Points at their online checkout, typically redeemed at a value of 0.7 cents to 1 cent per point. For example, 10,000 points can get you $70 towards purchases at select online retailers, food delivery services, and more (about 0.7 cents per point).
Currently, the value of 1,000 Membership Rewards points is equal $7.00 when redeemed through PayPal. Please note that this is subject to change.
Gift cards. When you redeem points through American Express’ Membership Rewards gift cards portal, you can get up to 1 cent per point. This means you could redeem, for example, 5,000 rewards points for up to $50, depending on the brand. Choose from dining and retail gift cards, travel brands, and more.
Cover your charges. Amex lets you use points to cover eligible charges on your statement at a value of 0.6 cents per point that you can then apply to one of your purchase transactions, which could help you to reduce your bill.
Use Pay with Points through American Express Travel®. With most American Express Credit Cards, flights booked through American Express Travel can be redeemed at a points value of 1 cent per point. This means that 50,000 points could cover a $500 plane ticket. You can also upgrade your seats to business or first class, typically at the same redemption value, if your flight itinerary is eligible. Other travel purchases, like prepaid hotel bookings and cruises, can typically be redeemed at a value of 0.7 cents per point, meaning 50,000 points could net you $350 toward hotel stays. And because Membership Rewards points don’t expire, they’ll be ready to travel when you are.
Transfer Points. American Express partners with several frequent flyer and hotel loyalty programs, allowing you to transfer Membership Rewards points to whichever participating partners you prefer. In fact, Amex offers you the opportunity to transfer points to the most airline partners of any major U.S. credit card rewards program. Just link your eligible Credit Card account to the loyalty program, select the amount of points to transfer, and redeem through your frequent travel provider. Most partners offer a 1:1 point transfer ratio, with some exceptions: You’ll get two Hilton Honors points for every Membership Rewards point, for instance. Don’t forget to double check your itinerary first, because all transfers are final.
A great way to get a feel for how much points are worth, and figure out how to best redeem points for your needs, is to use the American Express Membership Rewards Points Calculator. But no matter how you choose to redeem, it’s a good idea to carefully review your redemption options since certain transactions may be final. It’s also important to note that redemption values are subject to change, though they don’t change often.
As a guide, when using the American Express Platinum Card, redemption of Membership Rewards points may be worth the following:
|Use Pay with Points at Checkout
||0.7 - 1 cents per point
||Up to 1 cents per point
|Cover Your Charges
||0.6 cents per point
|Use Pay with Points through American Express Travel®
||Up to 1 cent per point
||Typically 1:1 point-to-point ratio (but varies)
Note that all offers and redemption values are subject to change. Terms and conditions apply.