[Expired] [Targeted] Amex Membership Rewards: 20% Discount on Select Gift Card Redemptions (1.06¢-1.25¢ Per Point, Whole Foods & More)

This deal has expired and is no longer being offered. Click here to view current American Express deals.

The Offer

Check your Amex logins for the following targeted offer:

  • Get a 20% discount on select Membership Rewards gift card redemptions including the following gift card brands: GAP, iTunes, Old Navy, Whole Foods

The Fine Print

  • Valid until September 30th, 2018

Our Verdict

Even with the 20% discount this still isn’t great value. Whole Foods works out to be 1.06¢ per point and Gap is the best at 1.25¢ most readers will get more value out of transferring to American Express travel partners, you can also cash out points for 1.25¢ each if you hold the Charles Schwab Platinum card as well. They had a similar deal earlier in the year with different brands as well.

Hat tip to MtM

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4 Comments
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Dave
Dave (@guest_630184)
August 16, 2018 12:41

Be careful with their eGift cards; they expire in six months.
And no, it is not mentioned during redemption or on the g/c itself.

T
T (@guest_630194)
August 16, 2018 13:10

I thought CA has a clause that gift card can’t expired? I guess these are voucher codes?

Lantean
Lantean (@guest_630180)
August 16, 2018 12:26

Amex must think we’re really stupid…

frogger
frogger (@guest_630219)
August 16, 2018 15:14

I redeem Amex MR points for gift cards. I have enough airfare miles from Southwest and American Airlines to fly anywhere in the world I want many times a year. The redemption of points on hotels or transfer to hotel programs is terrible. Gift Cards seem to be a good redemption if you can get 1 cent value or more.