American Express is offering discounts when you redeem Membership Rewards points for third party gift cards. The offers will vary. There’s different merchants and different discounts showing up for some people.
Here’s some offers that are showing up:
- 20% off Home Depot gift cards ($100 Home Depot gift card for 8,000 MR points)
- 20% off Hilton gift cards
Let me know if you see any other offers
- Offer must be redeemed online between 5/1/2018 and 6/30/2018.
- Offer is not transferable and may not be combined with other offers.
Most of these offers are not really worth it. You can usually get best value for Membership Rewards points by transferring them to travel partners, such as Air France for example. Another option is to cash them out with a American Express Platinum Card for Schwab that gives you 1.25 cents per point. But if you don’t plan to travel and don’t have the Schwab card, then some of the offers could be an option. Last time they had a save though we also saw some people being targeted with a 30% discount. So check your accounts and let me know if you see any other offers.