You can now book American Express Fine Hotels & Resorts with Membership Rewards points, when doing so points are worth a fixed 1¢ per point. Fine Hotels & Resorts are available to both personal and business Platinum & Centurion cardholders. These properties come with a number of benefits:
- Noon check-in, when available
- Room Upgrade upon arrival, when available
- Daily breakfast for two people
- Complimentary in room Wi-Fi
- Guaranteed 4pm late checkout
- Unique amenity valued at US$100, such as a food and beverage credit or one way private sedan transfer
In November of last year it was announced that booking these would earn 5x points, but only on prepaid online bookings. The ability to use points for these bookings won’t be particularly attractive given that points are only worth 1¢ each, most members will find better value when using points to transfer to travel partners or by cashing out points for 1.25¢ with the Charles Schwab Platinum card.