This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available. View the current offers here.

Update: This is a targeted offer. Log in to your Membership Rewards account to see if you’re eligible for the offer.

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.

A selection of discounted gift cards.
A selection of discounted gift cards.

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.

Get a $50 gift card for 3,750 points.
Get a $50 gift card for 3,750 points.

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

 

Know before you go.

News and deals straight to your inbox every day.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.