[YMMV] Redeem American Express Membership Rewards Points at .86 Cents-Per-Point Statement Credit

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I noticed today in my login that American Express is offering the option of redeeming Membership Rewards points to offset charges on the card at a better-than-usual rate. It works out for me to .86 cents per point. That’s instead of the usual .60 cents per point.

Not sure if this is available for everyone, more likely that it’s targeted. I believe we’ve seen them offer some people a 1 cent-per-point redemption against charges in the past. Some get much more value from these point, and those who have the Schwab Amex Platinum can even get 1.25 cents easily. For others, this .86 cents offer might be useful.





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