How much are Amex Gold points worth?

The Amex Gold card 50k points welcome bonus offer is not available anymore. The current initial bonus for this card is 60,000 points for spending $4,000 in the first 6 months.

That said, you may be able to get a higher welcome bonus offer from the Amex Gold card by applying for the card using someone else’s Amex Gold card referral link, or by visiting the Amex Gold card … read full answerwebsite. Plus, if you already have an Amex Gold card, you can refer other people to apply for the card using your own referral link. You’ll get a referral bonus if their application is approved.

American Express Reward Dollars are the rewards “currency” provided by American Express cash back credit cards. Cardholders can redeem Amex Reward Dollars for statement credits, gift cards and merchandise.

American Express Cards that Earn Reward Dollars

You earn Reward Dollars based on a percentage of your eligible purchases during each billing period. The base cash back earning rate is usually 1%, though you can earn more than that on certain purchases, depending on the card.… read full answer

For example, the Amex Blue Cash Everyday card gives you 3% cash back at U.S. supermarkets, U.S. gas stations and on U.S. online retail purchases (up to $6,000 spent per year in each category), as well as 1% back on all other purchases, earned as statement credits. Not all types of transactions earn Reward Dollars. Some that don’t include fees, interest charges, balance transfers and cash advances. Other purchases such as prepaid cards and gift cards are also not eligible.

How to Redeem Reward Dollars

To redeem, log in to your online account and select “Use Reward Dollars.” Reward Dollars are worth $1 USD each, regardless of what you choose to redeem them for. One option is to redeem Reward Dollars for a statement credit. You’ll need at least $25 saved up to do that. For gift cards, you may have to redeem Rewards Dollars in $25 increments as well, depending on the card. Merchandise might be an option, too. Reward Dollars never expire as long as your account is open and in good standing. For the Amex Blue Cash Everyday card there is no minimum redemption amount.

All information about the American Express Cash Magnet® Card has been collected independently by WalletHub. The American Express Cash Magnet® Card is no longer available to new applicants through WalletHub, but may be available on the American Express website.

No, Amex points do not expire. Cash back and miles earned using American Express credit cards do not expire, either. However, points and other rewards can be forfeited when you close your account or when your account is closed due to inactivity. American Express will also cancel all points, miles or cash back earned during any billing period where a late payment occurs.… read full answer

Read on to learn more about when you could lose your Amex points so you can make sure it doesn’t happen.

Here’s when Amex points expire:

• Account Inactivity: Your American Express account can be closed due to inactivity – not making a purchase or bill payment for an extended period of time. When that happens, you have 90 days to redeem points before losing them. Amex doesn’t disclose a timeframe for closing accounts due to inactivity, so try to use your card regularly to keep your account active.
• Closing Your Account: Unredeemed American Express rewards will expire when you close your account. Try to redeem a couple weeks in advance so there’s plenty of time for the transaction to be processed. You can even use the rewards to pay for some of your final balance.
• Late Payments: Rewards earned during a billing period where a late payment occurs will be forfeited. You can reinstate lost points, though. Visit your account’s Points Summary page to reinstate them after bringing your account current. There’s a $35 fee for each billing period points are reinstated from.
• Returned Purchases: Points earned from purchases that are later returned get deducted from your rewards total. When you return an item purchased with points, you may receive a statement credit or a points refund. Statement credits can be converted back into points by calling Membership Rewards at (800) 297-3276.

American Express points, cash back and miles do not expire. Just be sure to use all your rewards prior to closing an American Express credit card account. Use your card regularly to keep your account active, and remember to make payments on time to keep points earned each billing period.