American Express points are worth 0.67 cents per point, on average. The value of American Express points depends on how you choose to redeem the points. For example, points from American Express are worth up to 0.77 cents each when redeemed for travel through the Membership Rewards program, and they are worth 0.6 cents each when redeemed for cash back.
American Express Points Worth by Redemption Method
Tips for Maximizing the Value of American Express Points
Redeem Points for Travel.
American Express points are worth the most when redeemed for travel.
Redeem American Express points regularly.
American Express points do not expire due to account inactivity, but stockpiling points does put you at risk of rewards devaluation. Plus, you won't get to enjoy the fruits of your spending if you don't redeem.
Keep your account in good standing.
If American Express closes your account because of a failure to pay the bill or fraudulent activity, you'll lose any unredeemed points you have saved. And if you pay late, you might have to pay a fee to get back the points from that billing period.
Redeem before closing your account.
Any points you don't redeem before closing your account will be lost, unless you keep another American Express credit card account open.
Yes, Amex Platinum is worth its $695 annual fee if you qualify for its initial bonus and take full advantage of benefits such as airport lounge access and airline fee credits. To earn the 80,000 points initial bonus, you need to spend $8,000 in the first 6 months your Amex Platinum account is open.
Amex Platinum cardholders who earn the initial bonus and use the card regularly could earn over $1,600 in net value (rewards and...
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.
There are 17 American Express airline partners, including U.S. companies like Delta and JetBlue. American Express cards with Membership Rewards points (excluding cards co-branded with a business) allow cardholders to transfer their points to these partner companies. Most Amex airline partners allow transfers at a 1:1 ratio. You can view what points are worth when transferred to an airline partner by accessing the Amex Rewards calculator, selecting a card, and clicking on the "Transfer Points" tab.
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