Select Amex cardholders can now redeem 40% fewer points to cover charges
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. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
File this one under better, but still not great.
At TPG, we evaluate the value of various points currencies based on the options to redeem them — including award availability, flexibility, transfer partners and much more. American Express Membership Rewards points are worth 2 cents apiece, according to our latest valuations. That’s primarily due to the program’s strong array of travel partners you can transfer points to.
However, if you wanted to use points to pay off your bill, Amex values your points at 0.6 cents each — far below our valuation.
That seems to have changed for select cardholders. As first reported by Doctor of Credit, Amex is now targeting some members by allowing them to redeem 40% fewer points to cover charges. That means you are now getting exactly 1 cent in value per point.
Interested in more credit card news and advice from The Points Guy? Sign up for our daily newsletter.
The information for the Amex Green Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Typically, a $21.76 charge would require 3,627 points to offset (remember, points are valued at 0.6 cents here). With the 40% targeted bonus, you would only need 2,176 points.
To check if you qualify, login to your Amex account and navigate over to the “Rewards” tab. The first thing you’ll see is “Cover Your Charges,” where you can easily identify if you qualify for the bonus points redemption.
Is it worth it?
If you’re targeted, 1 cent in value per point is certainly better than 0.6 cents per point. But unless you’re sitting on a glut of points — and you have a strong inkling to use them here and now — there are more valuable ways to use Amex points. Remember, these points don’t expire as long as you keep at least one Membership Rewards card open, so there’s no reason to rush into a low-value redemption.
Amex is playing catch up here as Chase already allows redemptions of at least 1 cent per point (more than 1 cent on Ultimate Rewards travel and Pay Yourself Back) for several of its most popular cards, including Chase Sapphire Reserve and Chase Sapphire Preferred Card.
Featured photo by John Gribben / The Points Guy
Welcome to The Points Guy!
WELCOME OFFER: Up to 100,000 bonus miles
TPG'S BONUS VALUATION*: $1,040
CARD HIGHLIGHTS: 3X miles on United® purchases
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80K bonus miles after you spend $5,000 on purchases in the first 3 months your account is open. Plus, an additional 20K bonus miles after you spend $10,000 in the first 6 months
- $250 Annual Fee
- Earn 3X miles on United® purchases, 2X miles at restaurants, on select streaming services & all other travel, 1X on all other purchases
- Earn 3X miles on United Airlines purchases
- Earn 2X miles at restaurants and on select streaming services
- Earn 2X miles on all other travel
- Earn 1X mile on all other purchases
- Each year, receive a $125 credit on United® purchases and two 5k-mile anniversary award flight credits. Terms apply.