8 Ways to Redeem Amex Membership Rewards – Beginners Guide

Follow our Facebook page Credit Card 101 for latest in the world of credit cards and Rewards

What are the cards that earn Membership Rewards?

American Express Membership Rewards is the rewards program offered by American Express. Membership Rewards Points (MR points) is the currency of this program and is also called flexible currency program due to the wide range of redemption

There are several cards available that offer Membership Reward Points as the rewards. Here is a summary of all the cards and a short summary of its benefits

Card NameAnnual FeeKey Features
Amex EveryDay Preferred Credit Card$95Use your Card 30 or more times on purchases in a billing period and earn 50% more points on those purchases less returns and credits

3X at US Supermarkets

2X at US Gas stations

1X on all other purchases
Amex EveryDay Credit Card$0Make 20 or more purchases with your Card in a billing period and earn 20% extra points

2X at US Supermarkets

1X on all other purchases
American Express Gold Card$2504X at US Restaurants and Supermarkets

3X on flights booked directly with airlines or amextravel.com

$120 Dining credit

$100 Airline fee credit
Platinum Card from American Express$5505X on airfare booked directly with the airline or through Amex Travel and on prepaid hotels booked through amextravel.com


$200 credit towards incidental expenses with chosen Airline.

$200 in Annual Uber Credits

Access to Amex Centurion Lounges
Priority Pass Select Membership
Delta Skyclub (When flying Delta)

$100 credit towards GlobalEntry
American Express Green card$0 for first year and $95 afterwards2X at Amextravel.com

1X on all other purchases
American Express Business Platinum Card (From Feb 01, 2019)$5955X on airfare and prepaid hotels booked through amextravel.com

1.5X on purchases above $5000

$200 credit towards incidental expenses with choosen Airline.

$200 in statement credits towards Dell Purchases

Access to Amex Centurion Lounges

Priority Pass Select Membership

Delta Skyclub (When flying Delta)

Get 35% of the points back when you book flights through amextravel.com and pay with Membership rewards

Hilton Honors and Marriott Gold status

One year Complimentary Access to Weworks
American Express Business Gold Card$2954X points on 2 select categories where you spend the most each month

Get 25% points back, after you book a flight using Pay with Points

Upto one year of free G Suite Basic

Upto one year free of Zip Recruiter Standard
American Express Blue Business Plus credit card$02X on all purchases (Upto $50,000 in purchases each year)

There are lot of ways one could earn Membership Rewards, thanks to the whole array of cards (Personal & Small business) available.

Let us review the options available to redeem them.

  1. Transfer to Airline Partners

American Express membership Rewards can be transferred to 15 Airline partners. Here is a summary of all the transfer partners and the ratios that you could transfer MR Points.

These partners span across all major airline alliances along with the independent airline loyalty programs like Etihad Guest and Emirates Skywards. There are occasional transfer bonuses as well, which will further enhance the value of your Membership Reward points

Transferring to Airline partners and redeeming for premium cabins gives best value for your MR points.

Here are a few examples:

Sydney – Abu Dhabi in A380 First Apartment for 135K Etihad Guest Miles
Los Angeles to Singapore for 118K Krisflyer Miles in First Suites

2. Transfer to Hotel Partners

You can also transfer MR points to 3 hotel loyalty programs. Here is the summary

This is a good way to top up your account if you are short of few points for an award or depending on the redemption value, you could transfer the points needed for an entire award.

Enjoy an Overwater Villa for 95,000 Hilton Honors Points (47,500 MR Points) at Conrad Maldives

3. Get 1.25 cents per point with American Express Platinum Card for Schwab

If you hold a Schwab brokerage account, you could get a different version of the American Express Platinum card exclusive for Scwab account holders. Annual fee is $550 with the same benefits like Airline fee credit, Uber credit . You are still eligible for this card, even if you hold regular american express platinum card.

The beauty of this card, is the ability to redeem your MR points at 1.25 cents/point in to your Schwab account. Since Amex pools all the MR points in to one place, you could redeem your MR points across all cards at 1.25 cents per point.

Fancy another sign up bonus?

4. Book Travel

You could use MR points to book travel with Amextravel.com, you need a minimum of 5,000 MR points to redeem for travel.

You could book flights and hotels through Amextravel.com at 1 cent per point

Use Amex points for flights and hotels

Tip: if you hold American Express Business Platinum card, you get 35% points back when you pay with MR points.

Just 28.6K MR Points(after 35% points are refunded) for Mint Business class seat in Jet Blue from Las Vegas – Boston.

5. Redeem against Charges:

You could use your Amex MR points to redeem against your purchases, however, it is not the best value. You get only 0.6 cents

6. Redeem for Gift cards

You could use MR points to redeem for gift cards. Again, you will not best value from this option. It is probably one of the last thing you should consider, especially considering that there are ways to buy discounted gift cards. You would get anywhere between 0.7-1 cents/MR point

7. Redeem for Merchandise

You could redeem towards merchandise aswell from a wide range of products offered by Membership Rewards portal.

Get an Iphone XR for 118,471 MR points @ .65 cents/MR Point

8. Redeem at Checkout with Select Merchants

You can use MR points when you are doing shopping with Select merchants. Amazon is one such popular option. When redeeming at Amazon, you get 0.7 cents per MR point

Conclusion:

Amex Membership Rewards is one of the most valuable flexible currency in the market. There are wide range of redemption options available, however the best value can be had when redeeming for travel by transferring to Airline Loyalty programs or redeeming with Amextravel.com along with combination of Business Platinum card

Follow our Facebook page Credit Card 101 for latest in the world of credit cards and Rewards

Leave a Reply