Save 25% When You Redeem Amex Points for Gift Cards
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American Express Membership Rewards points are fairly easy to earn, since you can rack them up quickly with cards like the Amex Platinum, Premier Rewards Gold and The Amex EveryDay Preferred Credit Card from American Express — if you own a small business, there’s a fairly good chance you’re swimming in Amex points right now. Now, there are plenty of incredible things you can do with your Membership Rewards points — especially if you transfer them to partners — but if you’re not looking to travel, gift cards are always an option, too.
And if Home Depot gift cards are more your cup of tea than, say, an incredible flight in Singapore Suites, you can currently score a 25% discount on gift cards to a handful of merchants.
Through June 27, Amex is offering 25% off gift cards to select partners, including Banana Republic, Bath & Body Works, Chili’s, Crate & Barrel, Gap, Legal Sea Foods, Nike, Old Navy, Pottery Barn, Saks, The Cheesecake Factory, Home Depot, Victoria’s Secret, West Elm and Williams-Sonoma.
With the sale, a $50 gift card requires 3,750 points, rather than the usual 5,000 — that means you’ll be redeeming Amex points at 1.33 cents each, rather than the 1-cent-per-point value you’d usually get. Keep in mind that TPG values Membership Rewards points at 1.9 cents each, so this isn’t exactly the deal of century. But again, if you have more Amex points than you know what to do with (and you don’t want to give them away), the discount makes this option a bit more appealing.
H/T: View from the Wing