Maximise your Avios, air miles and hotel points

ENDS SOON: Amex Business cardholders can sell Membership Rewards points for 0.9p

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Time is running out if you want to take advantage of American Express’s very interesting offer for holders of American Express Business Gold and American Express Business Platinum.

If you use your points for statement credit (ie reducing what you owe next month by redeeming points) you would usually receive a pitiful £4.50 per 1,000 points.

Until the end of April, this offer is worth £9 per 1,000 Membership Rewards pointsThis is surprisingly good.

If you recently signed up for Business Gold or Business Platinum and have already triggered your 50,000 points or 100,000 points sign-up bonus, you have a tempting opportunity here to cash in.

What are Membership Rewards points worth?

Here is my core article on the best uses of American Express Membership Rewards points.

Here is a summary of my valuations:

  • 0.75p – 1.5p per point (estimate, 1:1 ratio) – airline miles
  • 1p per point (estimate, 1:3 ratio) – Radisson Rewards hotel transfers
  • 0.8p per point (guaranteed) – Avios transfers, convered to Nectar points
  • 0.75p per point (estimate, 2:3 ratio) – Marriott Bonvoy hotel transfers
  • 0.66p per point (estimate, 1:2 ratio) – Hilton Honors hotel transfers
  • 0.66p per point (estimate, 15:1 ratio) – Club Eurostar points transfers
  • 0.5p per point (guaranteed, pseudo-cash) – retailer gift cards
  • 0.5p per point (guaranteed, pseudo-cash with potential for upside) – Nectar points
  • 0.45p per point (guaranteed, pseudo-cash) – taking Amazon credit

In reality, you should ignore everything below 0.8p. This is because, due to the new Avios / Nectar partnership, you can get 0.8p per point in Sainsbury’s, Argos or eBay credit.

To do this, you move your Membership Rewards points to Avios at 1:1, and then on to Nectar at 250:400. This means 1 Amex point gets you 1.6 Nectar points worth 0.5p each. 1.6 x 0.5p is 0.8p per Amex point.

Is Amex really offering 0.9p per point for statement credit?

Yes it is.  Go to your American Express account and select ‘Use Points for Purchases’ on your Business Gold or Business Platinum card home page.

You are taken to a page like this, from my Business Platinum card.  Select an individual transaction (click to enlarge):

You should see ‘1000 points = £9’ on the right hand side. If you don’t see this, don’t proceed.

Should I redeem my Membership Rewards points for 0.9p each?

That’s not for me to say, of course.

However, as you can see from my numbers above, the bulk of transfers are worth LESS than 0.9p per point.

I would definitely take 0.9p in cash instead of turning my American Express points into Eurostar, Marriott Bonvoy, Radisson Rewards or Hilton Honors points.

This is NOT because these schemes are bad, but because the transfer rate is not generous enough.

The decision is more marginal for airline miles.  Here are the American Express airline transfer partners, all of which are 1:1.  If used sensibly, you should get more than 0.9p per airline mile.  However, you won’t get SUBSTANTIALLY more than 0.9p per mile and cash in the bank may be more useful to you at the moment.

You should also remember that there are many opportunities throughout the year to buy Avios at around 1p to 1.1p per point.  Transferring from Amex at 1:1 into Avios is still a better deal than cashing out for 0.9p, but it is clearly more marginal at this level and the benefit of getting cash in your hand may be high.

However, the new Avios / Nectar partnership changes the landscape a bit.

Amex / Nectar is a long term partnership. You can cash out your Amex points via Sainsbury’s, eBay or Argos for 0.8p whenever you want.

Getting 0.9p of statement credit via this offer is:

  • more valuable and
  • a lot less bother

…. but if you don’t take up the deal then it isn’t the end of the world. You can still bail out via Avios / Nectar for 0.8p later on.

When does this offer end?

The offer runs until 30th April.

You can only redeem credit against actual purchases, so your maximum redemption is limited to the value of purchases you make before the closing date.

best travel rewards credit cards

Want to earn more points from credit cards? – June 2024 update

If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.

In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.

You qualify for the bonus on these cards even if you have a British Airways American Express card:

Barclaycard Avios Plus card

Barclaycard Avios Plus Mastercard

Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review

Barclaycard Avios card

Barclaycard Avios Mastercard

5,000 Avios for signing up and an upgrade voucher at £20,000 Read our full review

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.

Marriott Bonvoy American Express

HUGE 60,000 POINTS BONUS UNTIL 2nd JULY and 15 elite night credits each year Read our full review

American Express Preferred Rewards Gold

Your best beginner’s card – 30,000 points (TO 16TH JULY), FREE for a year & four airport ….. Read our full review

British Airways American Express Premium Plus

25,000 Avios and the famous annual 2-4-1 voucher Read our full review

The Platinum Card from American Express

40,000 bonus points and a huge range of valuable benefits – for a fee Read our full review

Virgin Atlantic Reward+ Mastercard

18,000 bonus points and 1.5 points for every £1 you spend 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:

American Express Business Platinum

40,000 points sign-up bonus and an annual £200 Amex Travel credit Read our full review

American Express Business Gold

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

Capital on Tap Business Rewards Visa

10,000 points bonus – plus an extra 500 points for our readers Read our full review

For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.

Barclaycard Select Cashback Business Credit Card

1% cashback uncapped* on all your business spending (T&C apply) Read our full review

Comments (4)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • Justin says:

    Rob, was this offer ever available pre-COVID days? I know they had Athena same offer for personal platinum during lockdown and for business cards soon after (during this time I decided to cash out all my points).

    I suppose what I’m trying to ask…. is it worth cashing out now or do you believe this offer will appear yet again?

    • Rob says:

      No. Best you ever saw in the past was, say, 0.55p instead of 0.45p.

      The key thing to think about is that you can always go into Nectar / Argos / eBay at 0.8p so – assuming you do shop at Sainsbury’s – is the extra 0.1p per point worth it, or would you prefer to keep the points for now in case a great redemption opportunity turns up?

  • QFFlyer says:

    “Here are the American Express airline transfer partners, all of which are 1:1.” SQ is no longer 1:1 sadly

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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