Have An Amex Business Card? Sell Your Membership Reward Points For 0.9p

American Express has extended their offer on doubling the value of Membership Reward points if you have an Amex Business Card. If you choose to use your Membership Rewards points to pay for almost any item on your card statement, you’ll receive a 100% boost to their value!

What’s the value of membership reward points on my Amex Business Card?

If you use membership reward points for statement credit normally you would receive £4.50 per 1,000 membership reward points. This is typically very poor value! With American Express’ 100% boost you will now receive £9 per 1,000 membership reward points. Previously this was running to Wednesday 18th November but it’s now been extended until Thursday 31 December 2020.

I have an Amex Business Card…Is the 100% boost any good?

It’s great value compared to the normal redemption value! Compare the 0.9p value you’d get redeeming for cash to my valuation of transferring your membership reward points into the following…

British Airways – Avios – 1p

Marriott Bonvoy – 0.66p

Hilton Honors – 0.5p

Retailer gift card – 0.5p

Amazon pay with points – 0.45p

The above rates are my ‘standard’ valuation of what I believe the points to be worth

As you can see redeeming for cash (statement credit) is a pretty decent option coming in just under Avios in terms of ‘value.’

Do bear in mind it is possible to get outsized value on hotel/airline redemptions depending on cash prices. You may, however, find cash in the bank (saved from redeeming your points) a much more desirable situation.

Don’t forget cash also has the benefit of being a lot more flexible allowing you to redeem for almost anything you can pay for with your Amex Business card!

How do I redeem my points?

Login to your Amex Business Card account – https://www.americanexpress.com/uk/ – and select the ‘Use Points for Purchases’ button. Here you will be able to select a transaction you want to use your points against. Remember you can only redeem your points against actual purchases made on your card. You can’t redeem for cash in your bank account.

Conclusion

This may be a great chance as ever to redeem your membership reward points against anything that you can pay for on your Amex Business Card. If you can pay with your card you can redeem your points for it! At 0.9p a point you might just be swayed to part with them…

Will you be using your membership reward points for statement credit with the increased 100% bonus?