When I first got into American Express credit cards as well as the membership rewards points to come along with them I was definitely overwhelmed with all the options that come along with them.

Now maybe you’re feeling the same way too but after I look into some of the fine details and did some research I really found some of the better ways to use those points and also some of the not so good ways they should be staying away from.

That’s why in this video we’re going to go over different ways you can utilize your points like gift cards online statement credits and of course travel so you can make the best of your Amex points.

This video is going to go over the way to maximize your points and what to avoid and we will be breaking this down and giving you what you need to know and leave me out at all the extra fluff.

Who has always if you do get some good value from this video go ahead that like button for the YouTube algorithm because it makes a big difference to us and consider subscribing if you want to find more information just like this look up rides video.

The first way to redeem your membership rewards points is going to be through redeeming for statement credit. And my bBaseline goal is to receive one membership rewards points per dollar. That is not the most efficient way to redeem your points because that really only comes down to a 1% return. But when you compare the AmEx gold card who receives for membership rewards points per dollar when you go at a grocery store or dining that can come out to about 4% back.

Unfortunately at the way that I m x has structured their redeem for online statement credit points system you’re only going to be receiving a 0.6 cent per point Redemption value which puts me below my $0.01 per point value that I’m looking for.

So it really comes down to the basics of American Express membership Point Redemption. We’re talk about other ways later this video on how you can redeem your points for at least $0.01 per point or ideally even more. Because my opinion the best option is to be redeeming these forces travel options where they can get you additional points per dollar that you would not otherwise have received then we’ll get on that a little bit later.

The next option for a membership reward Point Redemption is going to be shopping through Amex Express website. Now generally this is going to be giving you approximately is 0.5 cents per point which again is below that $0.01 for threshold that we want to achieve. So for example if you look at $100 purchase. That would cost approximately 20,000 membership rewards points. If you take $100 / 20000 membership reward points that equals 0.5 cents per point. But sometimes Amex might run special promotions where it sounds like a good deal because you can use less points like this one on the screen right now as I’m filming this video is an offer for Mother’s Day where you can use 25% less points for now I actually think this is just a cheap trick being done I Annex to try to get you to use your points that way you don’t redeem them for something that has more value later.

So similar to redeeming your statement credit with membership rewards points in addition to online shopping with American Express this next option I would also recommend staying away from. This option is redeeming your points at checkout at online venues. Places that accept this method are going to be like Amazon Best Buy GrubHub or paying with PayPal. Now we’re all this may seem like a great idea because you will not have to use specific cash to pay at the checkout and it’s an easy already linked up to your Amazon account or is your best buy account but in the grand scheme of things you really only going to be receiving about a 0.7 cents per point which is again below that $0.01 for point guards all that we are trying to achieve.

Enjoy!
#creditcard #amex #amexgold

🔥Join this channel to get access to perks🔥
[ Ссылка ]

🔥Support us on patreon and get exclusive perks🔥
[ Ссылка ]

☑️Love our content? Subscribe!☑️
[ Ссылка ]

☑️Our website: [ Ссылка ]

Follow us:
Facebook: [ Ссылка ]

Instagram: [ Ссылка ]

Twitter: [ Ссылка ]

DISCLOSURE: We are not financial advisers. The ideas presented in this video are for entertainment purposes only. Although the information is researched and vetted beforehand, it may not be up to date at the time of viewing. Please do your due diligence and research on the topic. You (and only you) are responsible for the financial decisions that you make.

свернуть