Redeem Membership Rewards for Select Gift Cards with 20% Discount (Targeted)

American Express is offering a discount when you redeem your Membership Rewards points for third party gift cards. The offer could be targeted and it could vary from one account to the other.

membership rewards discount gift cards

Offer

  • Gap (20% off):
    • $10 – 800 points
    • $25 – 2,000 points
    • $50 – 4,000 points
    • $100 – 8,000 points
  • Home Depot (20% off):
    • $25 – 2,000 points
    • $35 – 2,800 points
    • $50 – 4,000 points
    • $100 – 8,000 points
    • $500 – 40,000 points
    • $1000 – 80,000 points
  • iTunes (20% off):
    • $10 – 941 points (was 1176 points)
    • $25 – 2,353 points (was 2941 points)
    • $50 – 4,706 points (was 5882 points)

You can see the options here.

Offer Terms

  • Offer must be redeemed between 6/3/19 and 7/31/19.
  • Offers are not transferable and may not be combined with other offers.

Guru’s Wrap-Up

These gift cards are not really worth it for most people, even at a 20% discount. You can usually get best value for Membership Rewards points by transferring them to travel partners. Check your accounts and let me know if you see any other offers.

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