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Get a 25% bonus on Membership Rewards redemptions via Platinum Travel – a bad deal

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If you have an American Express Platinum card, you probably got an email on Friday saying that you will get a 25% bonus when you redeem your Membership Reward points via Platinum Travel.  This would cover any prepaid flights or hotels.

This is not a great deal.

25% bonus on Membership Rewards redemptions via Platinum Travel

The standard redemption value when you use points to pay for Amex Travel bookings is 0.45p per point.  This is rubbish, when you assume that you can get 1 airline mile per point instead.

You’re actually better off redeeming for Nectar points and getting 0.5p per point off your Sainsburys shopping!

The extra 25% bonus takes you to 0.57p per point.  This is still poor, and I doubt any HFP reader would get value here.  Give it a miss.

(Want to earn more miles and points from credit cards?  Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)