American Express Membership Rewards is one of the best credit card rewards currencies out there. Membership Rewards points are valued at $0.01 each for most non-travel redemptions, including statement credits and most gift cards, but you can get the best value by using points for travel. Here’s everything you need to know about earning, transferring, and redeeming American Express Membership Rewards points.
- Introduction to American Express Membership Rewards Points
- Earning American Express Membership Rewards Points
- Redeeming American Express Membership Rewards Points
- What are my redemption options?
- Who are American Express’s travel transfer partners?
- What are the rules for transferring American Express Membership Rewards points between accounts?
- How do I prevent my points from expiring?
- Final Thoughts
- Pin It!
Introduction to American Express Membership Rewards Points
What are American Express Membership Rewards points and why should I collect them?
American Express Membership Rewards points are the reward currency used for American Express branded credit and charge cards. What makes these points so great are the flexible redemption options, especially when redeeming for travel by transferring to partner airlines. If you have more than one credit card that earns American Express Membership Rewards points, they are automatically pooled into one account. It can be valuable to have multiple cards that earn Membership Rewards points since different cards come with different earning structures. For example, you can get 5x points on flights from Amex Platinum and 3x points at grocery stores from Amex EveryDay Preferred. While you can only get the sign-up bonus on Amex cards once per lifetime, it’s easy to accumulate Membership Rewards points quickly by opening multiple cards.
How much are American Express Membership Rewards points worth?
The value of American Express Membership Rewards points changes based on how you redeem them. Points are worth 1 cent a piece when redeemed for most gift cards, charity, and Uber rides. When it comes to travel, booking flights will yield a value of 1 cent but other travel like hotels and rental cars are worth closer to 0.7 cents each. You can often find better value by transferring points at a 1:1 ratio to one of the Amex travel partners. Depending on how you redeem your transferred points, they can be worth well over 1 cent a piece. Unlike Chase cards, all current Membership Rewards cards are eligible for travel partner transfers.
Other redemption options make points worth less than 1 cent each so you’ll want to avoid them if possible. You can pay with points at Amazon for a value of 0.7 cents each. If redeeming for a statement credit, points are worth 0.6 cents. You can also shop for products on the American Express portal where points are worth 0.5 cents each.
Earning American Express Membership Rewards Points
What cards earn Membership Rewards points?
There are 7 personal and 4 business cards that earn Membership Rewards points. This table shows the annual fee and rewards earning structure for cards that earn American Express Membership Rewards points. You can read about each card in detail here.
|Card||Type||Annual Fee||Bonus Categories|
|Platinum Card||Personal||$550||5x points on airfare (purchased from the airline) and hotels (from amextravel.com); 1x on all other purchases|
|Premier Rewards Gold Card||Personal||$195, waived first year||3x points on airfare purchased directly from the airline; 2x points at restaurants, gas stations, and supermarkets; 1x points on all other purchases|
|Gold Card||Personal||$160, waived first year||2x points on airfare purchased directly from the airline and at restaurants; 1x points on all other purchases|
|Green Card||Personal||$95, waived first year||2x points on travel booked through amextravel.com; 1x on all other purchases|
|Amex EveryDay Credit Card||Personal||No annual fee||2x points at supermarkets; 1x points on all other purchases; 20% more points if you use your card 20 or more times in a billing period|
|Amex EveryDay Preferred Credit Card||Personal||$95||3x points at supermarkets; 2x points at gas stations; 1x points on all other purchases; 50% more points if you use your card 30 or more times in a billing period|
|Mercedes-Benz Credit Card||Personal||$95||5x points on select Mercedes-Benz purchases; 1x points on all other purchases|
|Enhanced Business Platinum Card||Business||$450||5x points on airfare (purchased from the airline) and hotels (from amextravel.com); 1x on all other purchases|
|Business Gold Rewards Card||Business||$175, waived first year||3x points on one of the following categories: airfare purchased directly from the airline, advertising, gas stations, shipping, or computer hardware/software; 2x points on the other 4 categories; 1x points on all other purchases|
|Business Green Card||Business||$95, waived first year||2x points on travel booked through amextravel.com; 1x on all other purchases|
|Blue Business Plus Card||Business||No annual fee||2x points on the first $50,000 in purchases each year; 1x points after that|
What is the best strategy for applying for American Express Membership Rewards cards?
Since you can only get the sign-up bonus once per lifetime, you should prioritize American Express cards based on what offers are available to you. Targeted offers through the mail are generally the highest offers available. These tend to only go to people who have yet to sign up for an American Express card.
If you don’t think you’ll be receiving a worthy targeted mailer anytime soon, you can try looking for incognito offers. If you clear your cookies, open an incognito browser window, and look at the list of American Express cards, you may see some that have higher bonuses than the public offers. Incognito offers aren’t always available. I think it’s best to avoid the public offers if possible and only sign-up with incognito links. This way you can make the most out of your once per lifetime sign-up bonus.
Occasionally, a link for a better sign-up bonus will get leaked online. This has happened twice so far with a 100,000 point offer for the Amex Platinum. If you use a leaked link, your Membership Rewards points will be frozen for about 3 months while they investigate to make sure you properly earned the sign-up bonus. I signed up with a leaked link and came out okay on the other side. However, it can be scary to have your points frozen for months so proceed with caution.
If you are trying to remain under 5/24 with the purpose of getting more Chase cards, you should consider signing up for Amex business cards first. These cards will not be reported to your personal credit report so it will look like you have opened fewer cards.
How can I earn American Express Membership Rewards points?
1. Sign-up bonuses: The easiest way to earn points is through sign-up bonuses. However, you can’t churn these cards since the bonus is only available once per lifetime.
2. Take advantage of Amex Offers: Some Amex Offers provide bonus Membership Rewards points instead of offering a statement credit. This can be a good way to earn 1,000 or more points relatively quickly.
3. Everyday spending: I recommend using a combination of cards to maximize earning on everyday spending. If you have Amex EveryDay Preferred and make 30 or more transactions per billing cycle, you will always be earning at least 1.5 points per dollar spent because of the 50% point bonus. Consider adding other cards to your arsenal to take advantage of category bonuses like the 5x points for flights with the Amex Platinum.
4. Refer-a-Friend: You can receive bonus points for getting friends to sign-up for certain Amex cards. These bonuses vary but can be as high as 15,000 points per referral! Check the site to generate your own referral links. However, the sign-up bonus from referral links is often less than what is available through an incognito link. Be selfless and encourage your friends to look for a better offer even if it means you’ll miss out on the referral bonus.
Redeeming American Express Membership Rewards Points
What are my redemption options?
You can redeem points for a statement credit for purchases from your current and previous billing period. Points are 0.6 cents each so 10,000 points is equivalent to $600.
You can redeem points for gift cards starting at 1,000 points for a $10 gift card. Minimum points needed for redemption varies by store. You will usually get 1 cent per point but some gift cards are worth less than this. For example, points are worth 0.5 cents each when redeeming for Amex gift cards. Gift cards can be a decent option if you don’t have any plans for a travel-related redemption. Just make sure to get 1 cent per point when choosing a gift card.
You can pay for your Uber rides with points by linking your card to your Uber account. This is a decent redemption option since points are worth 1 cent each (100 points = 1 dollar).
You can shop for products on Amazon with your points but you lose value by doing so. Points are worth 0.7 cents a piece with this redemption. Amazon allows you to use any number of points to partially pay for a purchase.
Tickets on Ticketmaster and Other Pay with Points Options
In addition to Uber and Amazon, Ticketmaster is another pay with points option. It is unclear if this is a good value since redemptions vary by event and venue. You need a minimum of 2,000 points for this option. I wouldn’t recommend this since I think there are definitely better redemptions out there. Other Pay with Points partners include Telecharge (minimum of 7,000 points), Best Buy, and Staples. I’d avoid these options as well.
You can donate to any non-profit registered with Members Give. Every 1,000 points equals a $10 donation. After redeeming 500,000 points in year, points become worth half as much.
This option provides the worst value possible. Points are only worth 0.5 cents each when you shop for products on American Express’s shopping portal. In most cases, it would make more sense to redeem for a gift card and buy the product from the actual retailer. This is by far the worst way to redeem points. Avoid at all costs!
You can transfer Membership Rewards points at a 1:1 ratio to Plenti Rewards Program. Plenti allows you to use points at a variety of retailers where 1,000 points is worth at least $10. Retail partners include:
- Exxon Mobil
- Rite Aid
Now we’ve made it to the good stuff. This is the reason American Express Membership Rewards is such an important part of the points and miles game. As previously mentioned, you can redeem points for travel through American Express at variable rates (1 cent per point for flights, less than that for everything else). However, if you really want to get the most out of your American Express Membership Rewards points, you’re should look into transferring points to travel partners.
Who are American Express’s travel transfer partners?
You can transfer points to 20 travel rewards programs at varying rates. Look for programs that offer a 1:1 transfer ratio or better. Here are all of American Express’s transfer partners and their transfer ratios:
- Aeromexico Club Premier (1 MR = 1.6 miles)
- Alitalia (1:1)
- All Nippon Airways (ANA) (1:1)
- Air Canada Aeroplan (1:1)
- British Airways Executive Club (1 MR = 0.8 miles)
- Cathay Pacific Asia Miles (1:1)
- Delta SkyMiles(1:1)
- El Al Frequent Flyer Club (1 MR = .02 miles)
- Emirates Skywards(1:1)
- Etihad Guest (1:1)
- Flying Blue (1:1)
- Hawaiian Airlines (1:1)
- Iberia Plus (1 MR = 0.8 miles)
- JetBlue (1 MR = 0.8 miles)
- Singapore Airlines KrisFlyer (1:1)
- Virgin America Elevate (1 MR = 0.5 miles)
- Virgin Atlantic Flying Club (1:1)
- Choice Privileges (1:1)
- Hilton Honors (1 MR = 1.5 points)
- Starwood Preferred Guest (1 MR = 0.33 points)
Since you can now transfer Starpoints from Starwood Preferred Guest to Marriott at a 1:3 ratio, 1 Membership Rewards point is essentially worth 1 Marriott point.
American Express runs promotions that improve the transfer ratio of certain programs. You can get some really great value when the transfer ratio is greater than 1:1!
If you transfer points to a U.S. airline, you have to pay an excise tax offset fee of $0.0006 per point (with a maximum fee of $99). You also have the option to use points to cover the fee.
According to One Mile at a Time, most points transfers are instantaneous. The following can take several days to post: Aeromexico, ANA, Cathay Pacific, Iberia, Singapore, and Virgin Atlantic.
What are the rules for transferring American Express Membership Rewards points between accounts?
Unfortunately, you cannot transfer Membership Rewards points to anyone else. You can, however, transfer points to a frequent flyer or loyalty account of your spouse or an authorized user on your account.
You can add authorized users to Membership Rewards charge and credit cards easily. If you don’t want to add an authorized user, depending on the frequent flyer program, you can transfer points to your own account and book the flight on someone else’s behalf. Be aware that this won’t work with all frequent flyer programs so check the specific policy before you transfer your points.
How do I prevent my points from expiring?
American Express Membership Rewards points do not expire as a long as you keep your account open. If you are planning on closing an account, here are your best options:
- Transfer points to a travel partner
- Transfer points to Plenti
- Redeem for a gift card
American Express Membership Rewards offers a lot of ways to earn and redeem points. You can get decent value out of gift cards and Plenti points, but the best value will come from transferring to frequent flyer programs. Make sure to do your homework before transferring points since you won’t be able to transfer back to Amex once you hit submit.
What was your most valuable Membership Rewards redemption?