Chip Lupo, Credit Card Writer
@CLoop
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.
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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People also ask
How much are American Express points worth?
American Express points are worth 0.72 cents each on average, though the exact value depends on how you choose to redeem them. For example, points from American Express are worth up to 0.81 cents each when used for travel through the Membership Rewards® Program, and they are worth 0.6 cents each when redeemed for cash back.
American Express Points Value by Redemption Method
| Redemption Method | Average Point Value ... | Value of 1,000 Points |
How do you redeem credit card rewards?
You can redeem your credit card rewards online, through the issuer’s mobile app, or over the phone, depending on the card. The most common credit card rewards redemption options include cash back, travel purchases, and gift cards.
Once you redeem your credit card rewards, they’ll be subtracted from your rewards balance immediately. If you wish to redeem your rewards for a statement credit, it will generally be credited to your account within 2-3...
read full answer by WalletHub, Financial CompanyWhat's the best way to use credit card points?
The best way to use credit card points is for travel purchases, according to a WalletHub research. That’s because issuers usually offer the best value on this particular category.
However, the best way to use credit card points will vary depending on what credit card you have. Your points could be worth just as much (or even more) in cash back or gift cards. So, it’s a good idea to check the value of all the...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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