7 ways to get 2 cents in value from each Membership Rewards point you redeem
Editor's Note
American Express Membership Rewards points are some of the most valuable rewards you can earn. That's because, with 18 airline and three hotel partner programs to transfer your Amex points to, there are so many great ways to redeem them. That flexibility is seriously valuable.
In our May 2025 valuations, TPG values Membership Rewards points at 2 cents per point. You might wonder how we arrived at that valuation.
In short, we believe that leveraging the right transfer partners should let you get at least 2 cents in value from every Membership Rewards point you redeem. And that's not a ceiling — many of our readers have been able to get more than 5 cents per point in value when redeeming Membership Rewards points.
Here are seven ways to ensure you get at least 2 cents of value from each American Express Membership Rewards point you redeem, from flights to Europe to hotel stays in New York City.
Fly Virgin Atlantic economy class to London
Virgin Atlantic Flying Club's economy-class Saver fare redemptions usually start at just 6,000 Virgin points plus $76 in fees and taxes from North America to Heathrow Airport (LHR). This is already a terrific deal, and transferring your Membership Rewards points to Flying Club at a 1:1 ratio consistently obtains at least 2 cents per point in value.
However, this summer it gets even better. Virgin has further discounted select Saver seats to as low as 4,800 Virgin points from the Northeast, such as this flight from Dulles International Airport (IAD) to LHR. By redeeming 4,800 points and $76 for an Economy Classic seat across the Atlantic, you can save $544 on the cash price of the same ticket, giving your Membership Rewards points a value of 9.75 cents each.
Related: Is Virgin Atlantic Economy Delight worth it on the Boeing 787 Dreamliner?
Luxury hotel stays in Hollywood
Membership Rewards points can be transferred to Hilton Honors at a ratio of 1:2, meaning you'll receive twice as many Hilton points as your Amex points.
This summer, you can book deluxe queen or king rooms at the Waldorf Astoria Beverly Hills, part of Hilton Honors, for 120,000 Hilton Honors points per night.
By transferring 60,000 Membership Rewards points (which would become 120,000 Hilton points), you could save $1,534 per night, giving your Amex points a value of 2.56 cents each.
Related: The best Waldorf Astoria hotels and resorts in the world
Celebrate the holidays in the Big Apple
New York City comes alive for the holiday season with Broadway shows, department store window displays and ice skating at Rockefeller Center.
With so many festive holidaymakers in the city, hotel prices in Manhattan can be sky-high, especially for the December weekends before Christmas Day.
Transferring your Membership Rewards points to Choice Privileges at a 1:1 ratio might not be the first way you think to redeem them, but this can be a great choice during times of high demand. The Mayfair Hotel, Ascend Hotel Collection in the heart of Manhattan's Theater District has unfussy Superior rooms with city views for 45,000 points per night on weekends in December, saving you $909 and giving your Amex points a value of just over 2 cents apiece.
Related: From Alaska to New York City, here are our favorite Christmas markets in the US
Round-trip business-class flights to Europe this summer
If you prefer a lie-flat experience to Europe, consider transferring your Amex points to Air France-KLM's Flying Blue program at a 1:1 ratio. The program offers business-class flights to Europe from just 60,000 miles each way.
This means you could book round-trip flights from John F. Kennedy International Airport (JFK) to Paris-Charles de Gaulle Airport (CDG) for 120,000 Amex points plus $707.51. With the cash price of $3,642.31 for the same flights on the same dates this July, your Membership Rewards points would be worth 2.45 cents each.
Related: Private suites and high-tech touches: What it's like flying Air France's new business class
Save on domestic flights
While Membership Rewards points cannot be transferred directly to the American Airlines AAdvantage program, there are several ways to book American Airlines flights with Amex points. One of the best-value options is transferring them at a 1:1 ratio to American's Oneworld partner Qantas Frequent Flyer, where domestic redemptions start at just 7,600 Qantas points plus $6.
If you can find cheap cash rates on American, this may not result in a great-value Amex redemption. However, on routes where cash rates are high, perhaps because American is the only airline flying nonstop, you can find great value, like flying from Miami International Airport (MIA) to Charleston International Airport (CHS) this summer, where your 7,600 Amex points will save you roughly $280, a value of 3.7 cents per point.
Related: How to book domestic American Airlines flights with points and miles
A suite ride to Hawaii
Hawaiian Airlines has swanky new Boeing 787 Dreamliners fitted with lie-flat, reverse-herringbone suites in business class, all with direct aisle access.
This is one of the most comfortable ways you can travel to Hawaii.
For the best redemption rates, consider transferring your Amex points to JetBlue's TrueBlue program at a 2.5:2 ratio. The best deals are available from Seattle-Tacoma International Airport (SEA) to Daniel K. Inouye International Airport (HNL); you will need just 30,750 Amex points transferred to TrueBlue to save almost $600.
Your Amex points are valued at almost exactly 2 cents each when redeeming them this way.
Related: We got a sneak peek at Hawaiian Airlines' stunning new Boeing 787-9 Dreamliner
Warm up these winter holidays
To warm up this winter, you could spend Christmas at the luxurious Ritz-Carlton Maui, Kapalua. But as you might expect, this isn't cheap.
The cash rate for a two-night stay is $5,606 per room. Or, transfer your Amex points to Marriott Bonvoy at a ratio of 2:3 and redeem 284,000 points for a two-night stay in the same room, giving your Membership Rewards points a value of 1.97 cents each.
Related: Best family resorts in Hawaii for a relaxing vacation
How to earn Membership Rewards points
Several popular Membership Rewards points-earning cards currently offer generous welcome bonuses:
- The Platinum Card® from American Express: Find out your offer and see if you are eligible to earn as high as 175,000 Membership Rewards points after spending $8,000 on purchases in the first six months of card membership. Welcome offers vary and you may not be eligible for an offer.
- American Express® Gold Card: Find out your offer and see if you are eligible to earn as high as 100,000 Membership Rewards points after spending $6,000 on purchases in the first six months of card membership. Welcome offers vary and you may not be eligible for an offer.
- The Business Platinum Card® from American Express: Earn 200,000 Membership Rewards points after spending $20,000 on eligible purchases in the first three months of card membership.
- American Express® Business Gold Card: Earn 100,000 Membership Rewards points after spending $15,000 on purchases in the first three months of card membership.
Bottom line
With more transfer partners than any other major credit card currency, American Express Membership Rewards points are among the most valuable you can earn, and they're easy to redeem if you know where to look.
By choosing the correct transfer partners, you should easily be able to obtain TPG's valuation of Membership Rewards points of 2 cents each every time you redeem points.
Related reading:
TPG featured card
Rewards
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
Rewards Rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro Offer
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.Excellent to Good
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.