[Bad Deal] American Express Amazon Offer: Redeem 7,143 Points ($50), Get 1,500 Points Back

The Offer

• American Express has an Amazon offer where when you redeem 7,143 Membership Rewards points on Amazon for $50 you’ll receive 1,500 points back. Can be done three times, valid until 5/3/26

Our Verdict

Normally this is 0.7¢ per point, with this bonus it bumps it up to 0.89¢ so still bad value. Hopefully this doesn’t replace the regular shop with points deal that is up to 50% off and only requires redeeming either one point or $5 in points. 

Hat tip to DDG