American Express is offering Platinum cardholders in Canada and U.K. increased value when redeeming membership rewards points for cash.
- U.K. is offering 0.9p per point (~1.23¢ USD)
- Canada is offering $20 per 1,000 points (~$14.12 USD or 1.412¢ per point)
U.S. cardholders can already cash out points for 1.25¢ per point if they hold the American Express Charles Schwab Platinum. I think a lot of cardholders would jump on an increased cash out rate, but I’m not sure that we will see one.
