Being willing to lose $ 10,000 at a casino to earn 100,000
Membership Rewards points worth around $ 1,500 is not only foolhardy — but dangerous as well.
You can normally redeem Membership Rewards points like cash for a penny each if you book with American Express Travel, so if you need to redeem 200
Membership Rewards points worth a total of $ 2 in order to get 100 Elevate points worth about $ 2.26, that's not a huge improvement.
Unfortunately all of the benefits discussed are just a variation on a theme: making
Membership Rewards points worth 20 % more when you choose to pay with points.
Are 19,500
Membership Rewards points worth the annual fee?
Are 19,500
Membership Rewards points worth the annual fee?
Not exact matches
Membership Rewards points don't have a fixed value, so it's a bit tricky to figure out how much they're
worth.
Travel website The
Points Guy lists a valuation of 1.9 cents per
Membership Rewards point; based on that, the welcome offer is
worth around $ 1,140.
Depending on how exactly you choose to use your
Membership Rewards Points ®, a
point's
worth can be quite different.
By contrast, the
Membership Rewards points that the Business Green
Rewards Card from American Express OPEN earns are
worth far less when used for cash back than when transferred or redeemed for travel through American Express Travel.
The BankAmericard Travel
Rewards card comes with a 1.5 % rewards rate on all purchases, and a decently sized welcome bonus of 20,000 rewards points (worth $ 200 as statement credit towards travel purchases)- to qualify, users must make at least $ 1,000 in purchases in the first 90 days of card memb
Rewards card comes with a 1.5 %
rewards rate on all purchases, and a decently sized welcome bonus of 20,000 rewards points (worth $ 200 as statement credit towards travel purchases)- to qualify, users must make at least $ 1,000 in purchases in the first 90 days of card memb
rewards rate on all purchases, and a decently sized welcome bonus of 20,000
rewards points (worth $ 200 as statement credit towards travel purchases)- to qualify, users must make at least $ 1,000 in purchases in the first 90 days of card memb
rewards points (
worth $ 200 as statement credit towards travel purchases)- to qualify, users must make at least $ 1,000 in purchases in the first 90 days of card
membership.
We took a dive into the
Membership Rewards portal to look at the different redemption options and what the
points are
worth.
This card gives you
Membership Rewards points, which can add up to several hundred dollars
worth of gift cards.
But this card is still
worth it because you earn 2X AMEX
Membership Rewards points on your first $ 50,000 in purchases each year.
The Business version might be
worth it to some travelers though, as you'll get 10 Gogo in - flight Internet passes per year and the opportunity to use
Membership Rewards Pay with
Points with American Express Travel for a flight with your selected airline (and get 35 % of the points back, up to 500,000 bonus points per calendar
Points with American Express Travel for a flight with your selected airline (and get 35 % of the
points back, up to 500,000 bonus points per calendar
points back, up to 500,000 bonus
points per calendar
points per calendar year).
For instance, 10,000
Membership Rewards points would be equal to $ 100 in travel credit, but they'd only be
worth $ 70 if you're using them to pay for an Amazon purchase.
Depending on how you redeem them, the Green card's
membership rewards points are
worth up to $.012 each.
This card lets you redeem
Membership Rewards points at a rate of 1 = 1.25 cents making the sign up bonus
worth $ 750.
After October 1, 2015, it's only
worth transferring AMEX
Membership Rewards points to British Airways if they run a transfer bonus.
For instance, 1,000
Membership Rewards points become 1,000 Hilton Honors
points but if you're transferring them to the Starwood Preferred Guest Program, they'd only be
worth 500 Starpoints.
For example, 10,000
Membership Rewards points will you get a $ 100 gift card to Hyatt Hotels and Resorts but they'd only be
worth a $ 70 gift card if you're booking with Hilton.
This means
rewards points are
worth either $ 0.004 or $ 0.006 depending on your
membership status at the time your
reward certificate is issued.
The below table shows how earning 125,000 AMEX
Membership Rewards points can get you nearly $ 1,900
worth of airfare.
For example, 100,000
points are
worth $ 1,500 toward travel 1:1
point transfer to leading airline and hotel loyalty programs Access to 900 + airport lounges worldwide with complimentary Priority Pass ™ Select
membership Up to $ 100 application fee credit for Global Entry or TSA Pre ✓ ® No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate
Rewards
Generally, you won't get as much value from your
Membership Rewards points by booking a hotel compared with a flight, but there are still some deals
worth considering if you really need a hotel stay.
However, based on TPG's current valuations, American Express
Membership Rewards points are
worth approximately 1.9 cents apiece.
Amex
points are
worth 1 cent each when redeemed for statement credits or for travel through the
Membership Rewards website.
In this case, 1000
Membership Rewards transfer to 1000 Hilton Hhonors, implying that a Hilton Hhonors
point is
worth something in the same magnitude as an Avios, or Aeroplan.
Membership Rewards points are worth anywhere from $ 0.005 to over $ 0.02 each, depending on the rewards choices yo
Rewards points are
worth anywhere from $ 0.005 to over $ 0.02 each, depending on the
rewards choices yo
rewards choices you make.
Booking by phone allowed me to place the itinerary on hold for seven days, more than enough time to firm up my plans and transfer the
Membership Rewards points, and proved to be well
worth the $ 20 given my uncertainty about the trip.
It is definitely
worth your time to consider these redemptions when you are ready to book your next trip, especially if you have American Express
Membership Rewards points at your disposal!
Amex
points are
worth 1 cent each when redeemed for statement credits or for travel through the
Membership Rewards website.
That means 1,000
Membership Rewards points are
worth 1,200 Avios
points.
So, is the Gold Card from American Express
worth spending $ 160 per year to earn extra
Membership Rewards points?
However, be aware that the
Membership Rewards portal has multiple redemption options, and many of them are
worth less than $ 0.01 per
point.
When it comes time to redeem American Express
Membership Rewards points for award flights (through AmexTravel),
points are
worth one penny each.
As an apples - to - apples comparison, 40,000
Membership Rewards points is redeemable for $ 400 while the direct stay is only
worth $ 280.
If you feel differently,
Membership Rewards points are
worth about 1.5 cents each in my book, for a total return of 7.5 % when booking eligible travel.
Ultimate
Rewards points are
worth 1.2 cents per
point, ThankYou
points are
worth 1.33 cents per
point, and
Membership Rewards points are
worth 1 cent per
point (if you have Business Platinum Card from American Express, then you get a 20 % rebate, for a value of 1.25 cents per
point).
The 175,000
Membership Rewards points you'll earn in this way are
worth $ 1,750 in paid travel, or potentially several times that if transferred to one of their airline or hotel partners.
Additionally, the ease of earning ANA miles from American Express
Membership Rewards and SPG
points makes these redemptions even more
worth paying attention to!
Generally, you won't get as much value from your
Membership Rewards points by booking a hotel compared with a flight, but there are still some deals
worth considering if you really need a hotel stay.
Of course, you can use your
Membership Reward points to buy gift cards, pay your credit card balance, shop, etc., but if you do use it for travel, you will see why it's more than
worth the annual fee.
It's also
worth comparing the Amex Green card to other credit cards that don't earn
Membership Rewards points.
Membership Rewards points are
worth one cent each through Amex Travel, but they can be
worth significantly more when transferred to one of the program's 17 airline and three hotel partners.
Depending on the
worth you assign to your
Membership Rewards points, your personal valuations may vary.
Some would argue that
Membership Rewards points are
worth more than 1.7 cents and I would tend to agree if you would rather use your
points for long - haul, first class awards on airlines such as Cathay Pacific or Singapore Airlines.
Personally I think that 5 % cash back is
worth more than 2
Membership Rewards points but if you're only a few
points away from being able to book an award then this could be an option.
Annual Fee: $ 550 Additional Users: $ 0 Current Sign - up Bonus: 40,000
Membership Rewards Points after spending $ 3,000 in first 3 months (
worth $ 400 in plane tickets [1 cent each]-RRB-.
For starters, you will earn 50,000 Ultimate
Rewards points (
worth at least $ 625 in travel or $ 500 in cash), after spending $ 4,000 in the first 3 months of your card
membership.
It's often
worth it to transfer
points because
Membership Rewards purchases only offer a value of 1 center per
point maximum.