American Express has a 20% discount on some gift cards when you redeem Membership Rewards points. The offer is no showing up for everyone, so you just need to log into your Membership Rewards account and check for yourself. The offer is valid till December 21st, 2017.

This is not the best use for your Membership Rewards points. But anyway, here’s the discounted gift cards available:

• 1¢ per point (now 1.25¢ per point)
  • Athleta
  • Banana Republic
  • Brooks Brothers
  • Carnival
  • Pottery Barn
  • Ralph Lauren
  • Ruth Chris
  • Saks 5th Avenue
  • Victoria’s Secret
  • West Elm
• 0.7¢ per point (now 0.875¢ per point)
  • Walmart
  • Target

HT: DoC