You hear plenty of people talking about the benefits of the AmEx card. One of the things the Premier Rewards Gold Card has is the embedded microchip, and no foreign transaction fees. Some people also get a mailed offer of 50,000 Membership Rewards Points for spending $1,000 inside the first three months. AmEx MRP is pretty versatile when you are looking to spend. Here are 5 ways you can make the best out of your AmEx rewards.
It is possible to transfer the points you earn to a partner airline. As much how much it is worth after transfer, you can get anywhere from 1 to 7 cents on the point. An international flight is one of the areas where rates tend to the higher limit. Trading for first class is a bargain. There are even airlines such as American and United, which are not partners, but still let you redeem for flights.
AmEx will let you buy gift cards with your points, for brands like Gap, Staples, iTunes, and even Airbnb. The rate you get on spending 1 cent per point. You may not have racked up so many points as to make a plane trips, or may want to buy gifts with the balance you do have; in which case, gift cards are a good option. Around 50,000 bonus points would get you five $100 gift cards.
This is a cross-brand rewards program where you can earn points for shopping at AT&T, Macy’s, etc. Transferring 10,000 MRP for Plenti points would get you a 10-dollar discount at one of the participating retailers, which is one penny per point. This is a smart move for someone who isn’t gathering enough points to buy flight tickets or upgrades.
Shopping and travelling are pretty much the only things you can spend points on, or are they? Uber taxi rides can be paid for using MRP. There is a “pay with points” option right in the app.
Staying in a hotel for free is one of the perks of having a copious AmEx point balance. It is possible to transfer MRP to the Hilton HHonors, Starwood Preferred Guest, Best Western Rewards, or Choice Hotels. Hilton gives 1,500 Hilton HHonors Points for 1,000 MRP, although HH Points are only worth half a cent each, so that is nothing to be excited about. Starwood, meanwhile, only gives 333 Starpoints for 1,000 MRP, which is less than a cent per point.
These are 5 ways to make the most of your AmEx point, not including selling online, of course. To sell AmEx points online, visit the offer page on our website.