Maximise your Avios, air miles and hotel points

Don’t redeem American Express Membership Rewards points for cash credit, even with a bonus

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American Express has been emailing Gold and Platinum cardholders this week with a ‘special’ offer.

If you redeem your Membership Rewards points for statement credit by 31st March, you can get a 20% bonus.

To be fair to Amex, they are very upfront about what you get.  The email makes it very clear, in an example, that you’ll now get £27, rather than £22.50, if you redeem 5,000 Membership Rewards points for statement credit.

To save you getting your calculator out, you are getting 0.54p per point.  This is terrible.  At least, it is terrible for anyone who reads HfP and knows how much value you can get out of them with travel partners.

If you read my article on the best uses of Membership Rewards points, you’ll see that 1p per point is achievable via travel rewards.

The only possible upside from this offer is that a lot of non-HfP readers might take advantage, pushing down Amex’s average cost per Membership Rewards redemption.  This would make it less likely that they will need to cut the more expensive travel rewards ….


Want to earn more points from credit cards? – June 2021 update

If you are looking to apply for a new credit or charge card, here are our June 2021 recommendations based on the current sign-up bonus

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the other top current deals:

British Airways American Express card

British Airways American Express

5,000 Avios for signing up, no annual fee and a companion voucher for spending £20,000 Read our full review

BA Premium Plus American Express card BAPP

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review

Nectar American Express

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

American Express Platinum card Amex

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Virgin Rewards Plus credit card

Virgin Atlantic Reward+ Mastercard

15,000 points bonus and the most generous non-Amex for day to day spending Read our full review

Earning miles and points from small business cards

If you are a sole trader or run a small company, you may also want to check out these offers.

Amex American Express Business Gold card

American Express Business Gold

20,000 points sign-up bonus and free for a year Read our full review

Amex Platinum Business American Express

American Express Business Platinum

40,000 points sign-up bonus and a long list of travel benefits Read our full review

British Airways Accelerating Business American Express card

British Airways Accelerating Business American Express

Earn both Avios and BA On Business points with your business spending Read our full review

Capital On Tap Business Rewards Visa

The most generous Avios Visa or Mastercard for a limited company Read our full review

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