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:
- 30% off Home Depot gift cards ($100 Home Depot gift card for 7,000 MR points)
- 20% off Home Depot gift cards
- 20% off Hilton gift cards
- 20% off Saks 5th Avenue gift cards
Let me know if you see any other offers
- Offer must be redeemed online between 2/26/2018 and 3/25/2018.
- 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 Avios for example. But if you don’t plan to travel or have a large amount of points, them some of the offers could be useful, especially if you have 30% of Home Depot gift cards.