This post contains links to products from our advertisers, and we may be compensated when you click on these links. Our recommendations and advice are ours alone, and have not been reviewed by any issuers listed. Terms apply to offers listed on this page. Read our editorial standards.

Amex Trio_Amex Platinum Amex (Rose) Gold and Amex Blue Business plus 4x3
Amex offers several different cards that earn Membership Rewards, and you can redeem points for travel, merchandise, cash back, and more.

  • Several personal and small-business Amex cards earn American Express Membership Rewards points.
  • You can redeem Amex points for travel, merchandise, gift cards, cash back, and more.
  • Transferring Amex points to airline and hotel partners will usually get you the most value.
  • Read Insider's guide to the best rewards credit cards.

Amex Membership Rewards points are some of the most valuable credit card rewards you can earn because they're flexible — you can redeem them for a wide variety of rewards, including travel, or cash them in for other redemption like gift cards or statement credits.

Top cards like The Platinum Card® from American Express, the American Express® Gold Card, and The Blue Business® Plus Credit Card from American Express earn Membership Rewards (MR) points, and each has different bonus categories and benefits to suit your spending and travel habits.

Whether you're just getting started with American Express cards or are looking for new ways to use rewards, here's everything you need to know about earning and redeeming Amex points.

How to earn Amex points

The following personal American Express cards earn Membership Rewards points: 

Card

Welcome bonus Review

The Platinum Card® from American Express

The Platinum Card® from American Express Amex Platinum card review

American Express® Gold Card

American Express® Gold Card Amex Gold card review

American Express® Green Card

American Express® Green Card Amex Green card review

Amex EveryDay® Credit Card from American Express

Amex EveryDay® Credit Card from American Express Amex EveryDay card review

Amex EveryDay® Preferred Credit Card from American Express

15,000 points after you spend $1,000 on purchases in the first three months of account opening Amex EveryDay Preferred card review

And the following business cards earn Amex Membership Rewards points:

Card 

Welcome bonus Review

The Blue Business® Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express Amex Blue Business Plus card review

The Business Platinum Card® from American Express

The Business Platinum Card® from American Express Amex Business Platinum card review

American Express® Business Gold Card

American Express® Business Gold Card Amex Business Gold card review

When you open an American Express card, you can often earn a large welcome bonus, in addition to being able to rack up points quickly through your normal, everyday spending.

Read more: Use these 3 Amex cards to earn maximum rewards points for every purchase you make

Some cards come with lucrative travel and shopping benefits that can make paying their annual fees more than worthwhile. For example, the Platinum Card recently increased its annual fee to The Platinum Card® from American Express The Platinum Card® from American Express – Rates & Fees, but in return, you get top-notch benefits that include:

Read more: Don't let the Amex Platinum's new 'lifestyle' benefits distract you from its true value — here's what the card is worth to the average person

Other Amex cards without as high an annual fee don't come with as long a list of benefits, but still offer perks like secondary rental car insurance, purchase protection, extended warranty, and more. Read our guide to the best American Express cards to help decide which card is right for you.

Once you have a healthy stash of Amex points, you've got plenty of options for using them. Be sure to log in and look at the Amex Membership Rewards portal for all the options available on your cards.

How to use Amex points

Amex Membership Rewards points are worth, on average, 1.8 cents each based on Insider's latest points and miles valuations, but the exact value you'll get depends on how you redeem your rewards.

Transfer points to a hotel or airline partner

Just like with any transferable points program, the best potential value you can get is from transferring your Amex points to a partner program. Amex has 18 airline and three hotel loyalty program partners, and you can transfer points to any of them.

Read more: You can transfer Amex points to 21 loyalty programs to book travel, from first class to Japan on ANA to hotel stays with Hilton

This is particularly valuable for flying, as opposed to hotel stays. In many cases, the cash price and the miles price of a ticket aren't linked, so it's possible to get exponentially increased value from your points by transferring them and booking an award ticket instead. That means potentially being able to fly long-haul in first or business class with points, among other things.

Ultimately, remember to compare pricing between the Amex Travel Portal (more on that below) and how many points you would need to transfer to a frequent flyer program for an award flight. Because award tickets sometimes have cash taxes and fees — occasionally rising into the hundreds of dollars — it's good to compare.

Read more: The best award flights you can book with Amex points

Book flights, hotels, and more through the Amex Travel portal 

Amex Travel is essentially a travel-booking website operated by American Express. It works similarly to travel booking sites like Expedia or Orbitz.

Read more: How to use the Amex Travel Portal to book flights, hotels, car rentals, cruises, and more — and make the most of your Membership Rewards points

Airfare is the best option when you're paying with points. When you book a flight through Amex Travel, you'll get a value of 1 cent per point. You may also find "Insider Fares," which generally offer a slightly better value — a lot of these fares are on Delta.

Unfortunately, if you want to book anything else through the Amex Travel portal — like hotels, cruises, rental cars, or vacation packages — you'll only get 0.7 cents per point.

This is in contrast to Chase, which offers the same price for anything through its Ultimate Rewards travel portal — 1 cent per point if you have a basic card like the Chase Freedom Unlimited® or Chase Freedom Flex℠, 1.25 cents per point if you have the Chase Sapphire Preferred® Card or the Ink Business Preferred® Credit Card, or 1.5 cents per point if you have the Chase Sapphire Reserve®.

Bid for upgrades on your next flight

American Express lets you use points to bid for discounted upgrades to first class, business class, and premium economy on participating airlines.

A number of airlines offer an option to place cash bids on upgrades before your flight — if there are available seats in premium cabins, you can snag them at a potentially steep discount. Most airlines that offer this manage it through a third-party service called Plusgrade.

Under the Amex partnership with Plusgrade, you can use Membership Rewards points to place bids on over 20 airlines, including Aeromexico, Air Canada, Etihad, Qantas, SAS, Singapore Airlines, and TAP Portugal.

Read more: I used credit card rewards to book Emirates first-class flights worth $15,000, and the same strategy works whether you have points from Amex, Citi, or other major banks

Each Membership Rewards point is worth $0.01 toward a bid, according to a spokesperson for Amex. So 1,000 points are worth $10 — a solid valuation. The best value from points, however, can be had by transferring them to one of Amex's airline or hotel partners, and booking flights or hotel stays that way..

To bid for an upgrade using your Membership Rewards points, visit americanexpress.com/upgrade and enter your reservation details. If your bid is accepted, you'll receive an email.

Redeem points for cash or gift cards

You can exchange Membership Rewards points for cash or gift cards, but keep in mind that this is usually a pretty terrible value compared to other redemption options. 

Different merchant gift cards have different prices and values for your points. Some offer a not-horrible 1 cent per point — meaning a $25 gift card costs 2,500 points — but the others are as low as 0.5 cents per point — so that $25 gift card would cost 5,000 points.

Read more: 8 ways to use American Express Membership Rewards points if you're not traveling, from saving money on shopping to ordering food delivery

You can also redeem points as statement credits against specific charges — essentially, cash back used to pay your card. However, this is a similarly poor value, only offering 0.6 cents per point. 

Use points to check out online at major retailers 

When you check out online at a growing list of major retailers and enter your American Express card number, you can opt to pay in part or in full with points.

Merchants that currently let you pay with Amex points at checkout include:

  • Amazon
  • Best Buy
  • Boxed
  • Dell.com
  • Newegg
  • PayPal
  • RiteAid
  • Saks Fifth Avenue
  • Staples

Read more: You can use credit card points from Citi, Amex, Capital One, and more to save on Amazon purchases, but only a few options offer great value

While promotions occasionally make this worthwhile — for instance, there have been deals where you could save $30 at Amazon by using a single Membership Rewards point at checkout — it's generally a poor value of 0.7 cents per point.

Buy merchandise through Amex or tickets through Ticketmaster 

Amex offers a shopping portal that has a wide range of different products, all of which can be purchased with Membership Rewards points. However, you'll only get 0.5 cents per point, so if you were set on using points for merchandise, you'd be better off going through a shopping partner like Amazon, or possibly buying a gift card.

To redeem points at Ticketmaster, you'll need to call Amex after using your card to pay for your Ticketmaster purchase, then use points at a rate of 0.5 cents each to cover the charge. 

Other ways to use American Express points

There are a few other, little-known options for redeeming your American Express rewards, including:

  • Donating points to charity through JustGiving (0.7 cents per point)
  • Redeeming points for food delivery through GrubHub or Seamless (0.7 cents per point)
  • Paying for NYC Taxi fare with points (1 cent per point)

Read more: If you have more points and miles than you know what to do with, consider donating them to charity

Read the original article on Business Insider

source

توسط perfectmoment