Direct Link (must be logged in to see discounted rates)
Amex is offering a 25% sale on redemption of Membership Rewards points for merchant e-gift cards. For example, $100 gift card will cost 7,500 points instead of 10,000 points. The sale rate nets you 1.33 cents-per-points instead of the usual 1 cent-per-point on gift cards.
Here’s the list of gift cards that are part of the sale:
- Banana Republic
- Bath & Body Works
- Crate & Barrel
- Legal Sea Foods
- Old Navy
- Pottery Barn
- Saks Fifth Avenue
- The Cheesecake Factory
- The Home Depot
- Victoria’s Secret
- West Elm
The Fine Print
- Sale is only valid when choosing the electronic gift card option, not physical delivery
- Valid until June 27, 2016
Seems like this offer is working the same for everyone and isn’t targeted – let us know if you see something different.
Of course, it’s possible to get a better value from Membership Rewards points when redeeming for travel, but MR points are easy to earn and challenging to redeem, leaving some of us willing to redeem them other ways at lower values.
I’d guess Home Depot is the best deal here since it’s hard to get those at a significant discount elsewhere.