Amex Gold points are worth $7.7 per 1,000 points, on average – below the average credit card point value of 1 cent per point. The highest value cardholders will get from Amex Gold points is 1 cent per point, when redeeming them for New York City taxis, gift cards, or flights booked directly with airlines or via the Amex travel portal. On the other hand, the lowest-value ways to use these points include erasing previous Amex Gold purchases ($0.006 per point), buying event tickets from Ticketmaster ($0.005 per point), and shopping with Amex merchant partners ($0.005 per point).
Just because Amex Gold’s points are worth less than a cent apiece on average doesn’t mean they aren’t worth earning, especially if you can get a ton at one time. New Amex Gold cardholders can earn 60,000 points by spending $4,000 in the first 6 months after account opening, which will pay for the card’s $250 annual fee the first year. Amex Gold’s ongoing rewards aren’t too shabby either, especially for foodies.
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.
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.
American Express rewards do not expire as long as the account is open and in good standing. You will forfeit any rewards you have yet to redeem if you or American Express closes your account for any reason.
Once the account is closed, American Express may give you 90 days to redeem your unused rewards. After that, you’ll lose your rewards and will not be able to get them back.… read full answer
Although American Express rewards don’t expire until the account is closed, it’s still a good idea to redeem your rewards as often as possible. Just bear in mind that American Express will not allow you to earn or redeem any rewards whenever you’re late making the minimum payments.
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