Posted by Chuck on May 15, 2018
Credit Cards

Published on May 15th, 2018 | by Chuck


[Expired] [Targeted] Amex Membership Rewards: 20% Discount on Select Gift Card Redemptions

Deal is no longer available, view more American Express deals here.

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: Home Depot, Walmart, iTunes, CB2, Crate and Barrel, Williams Sonoma.

The Fine Print

  • Valid through June 30, 2018

Our Verdict

Nice to see some top brands here. A lot of people get more value out of MR points; for others this can be a good deal. Those with the Schwab Amex won’t gain from this redemption since they can cash out at 1.25 cents per point.

Hat tip to reader Jill

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To redeem for $25 Walmart I need 3572 points. I’m assuming this is before the discount and I’m not targeted. So even if I’m targeted it’s still not worth it. Damn


I got the notification earlier today. It seems like $25 Walmart gift card around 2800 points.


I have 30% off Delta gift cards which bring them down to 1 cent/pt ($50 = 5000 points, $250 = 25000 etc vs $50 = 7143 or $250 = 35,714).

Offer must be redeemed online between 5/1/2018 and 6/30/2018.

Bob D
Bob D

You can always use “pay with points” at 1cpp to burn Skymiles as well. Only advantage here would be avoiding the amex domestic points transfer fee, and earning skymiles by paying with a GC instead of points.


American Express MR points are a joke unless you transfer out or have the Schwab Platinum Card. Most of their gift cards are less than 1 cent per point in value. For example, a $50 Starbucks gift card from AMEX is 7143 MR points while Chase, Citi, and pretty much everyone else would be 5000 points for a $50 gift card. Same goes for booking any kind of travel other than flights through the Amex travel site, you get less than 1 cent per point. in value while all of the completion offers 1 – 1.5 cents per point regardless of the type of travel.


Is it worth it to dump all my 55k points into gift cards instead of Hilton Points?

I plan to cancel my PRG next month.

Here’s the Walmart GC prices:

now 2,858 points
was 3,572 points

now 5,714 points
was 7,143 points

now 11,429 points
was 14,286 points

Thank you for your time.

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