American Express Membership Rewards points are worth 0.61 cents per point, on average. The value of American Express Membership Rewards points depends on how they are redeemed. For example, points from American Express Membership Rewards are worth up to 0.76 cents each when redeemed for gift cards, and they are worth 0.6 cents each when redeemed for cash back. … read full answer
American Express Membership Rewards Point Values
Redemption Method
|
Average Point Value
|
Value of 1,000 Points
|
Travel
|
0.5 cents
|
$5.00
|
Cash Back
|
0.6 cents
|
$6.00
|
Gift Cards
|
0.76 cents
|
$7.6
|
Merchandise
|
0.48 cents
|
$4.8
|
Miscellaneous
|
0.7 cents
|
$7.00
|
Tips for Maximizing the Value of American Express Membership Rewards Points
Use This Card for Travel Purchases
You’ll earn the most American Express Membership Rewards points per $1 spent on Travel purchases. Maximizing the number of points you earn will ensure that you get the most redemption value possible at the end of the day.
Redeem American Express Membership Rewards points regularly.
American Express Membership Rewards points do not expire due to account inactivity, but stockpiling points does put you at risk of rewards devaluation.
Redeem points for Gift cards.
American Express Membership Rewards points are worth the most when redeemed for gift cards.
Pay your bill in full every month.
The American Express Membership Rewards card’s regular APR is high enough to erode your rewards earnings if you carry a balance from month to month.
Read the rewards program rules.
Every credit card with rewards also has rules for when unredeemed earnings could be lost – usually as a result of closing your account or missing payments. Double-checking these details can help you keep every cent of rewards value you earn.
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