Redeem Membership Rewards for Gift Cards, Up to 25% Discount
American Express is offering discounts when you redeem Membership Rewards points for third party gift cards. The offers will vary from one account to the other. There are different merchants and different discounts showing up for some people. It’s also possible that you won’t see any discounts at all.
You can check and redeem Membership rewards points for gift cards here.
This could be a decent way to cash out your Membership Rewards if you don’t have any travel plans right now, or just have too many points. You can definitely get more value when redeeming points for travel by transferring to travel partners, or cashing out for 1.25¢ with the Charles Schwab Cards from American Express. Recently we also saw a targeted promotion to use points to cover purchases, where you could get a value of up to 1.2 per point.
Let me know what discounts you see in your accounts.