AMEX's fixed points travel program; an overview
AMEX’s Membership Reward Program is one of the most popular reward models in Canada. Flexible, user friendly and with a host of different possible rewards—including travel, statement credits, gift cards and merchandise, to name a few—it’s got lots to offer Canadian cardholders.
Among its plethora of rewards options is the Fixed Points Travel Program, which forms part of the AMEX’s Travel Rewards program. Transparent and simple to use, it takes the guesswork out of point redemption and makes it easier than ever to put points towards travel.
AMEX fixed points travel program
Possibly one of the biggest complaints you’ll hear among reward credit card users is how complicated it can be to figure out how to redeem points for travel. Many credit card issuers’ travel rewards programs are not straightforward and redemption can vary depending on things like blackout dates, time of year you want to fly or the carrier you want to use.
With AMEX’s Fixed Points Travel Program, however, cardholders can redeem a set amount of points for a specific flight category—like short haul, Europe, worldwide and more—at any time of year without worrying about redemption fluctuations.
How the fixed points travel program works
Cardholders can redeem points up to a maximum base ticket price within a specified flight category, ranging from short haul to worldwide. Check out the Fixed Points Travel Program Chart (see below) to see how many points it would take to cover a specified base fare (excluding taxes, fees and carrier surcharges). You can also use points for Business Class fares.
You would then log into your account, purchase the ticket via the Membership Rewards site and redeem the required points. Within 10 to 15 days, your statement receives a credit for the payment of the base ticket price.
For example, a long-haul route requires 40,000 points for a base fare up to a maximum of $700. So, if you find a flight worth $650 with another $100 in fees and taxes for a total cost of $750, you would redeem 40,000 points and be charged $750. Within two weeks you would then receive a statement credit of $650 to cover the base price (and you could then redeem more points if you choose, as a statement credit to cover the taxes and fees).
Note that the Fixed Points Travel Program can offer great value, especially depending on what flight category you redeem for and whether you can redeem a fare for the maximum allowable value. For example, if you do redeem 40,000 points for a ticket worth the maximum eligible fare of $700, you’re getting a 1.75% return on your points (which are normally valued at .01 for a travel credit).
Amex Fixed points travel chart for personal
Amex fixed points travel chart for business
Fixed points travel program vs AMEX’s flexible points program
In addition to the Fixed Points Travel Program, AMEX offers members another way to redeem points towards travel with their Flexible Points Program—but don’t get the two programs confused. With Flexible Points, you can redeem points for a variety of travel-related purchases, like flights, hotels or rental cars, charged to your AMEX card or purchased through their travel services. Furthermore, unlike with the Fixed Points Program, each point redeemed with the Flexible Points model has a flat value of $.01 (aka a 1% return).
While this program is flexible, you can sometimes get a better value by using the Fixed Program model, such as with eligible long-haul flights where you’re getting a 1.75% return on points. For example, if you found a flight to Hawaii for $750, you would be better off using the Fixed Point Program to redeem points (for a cost of 50,000 points) than using the Flexible Program (which would cost you 75,000 points).
To ensure you’re getting the most out of the AMEX Membership Rewards program, it’s important to compare the redemption value of both the Fixed Points and the Flexible Points programs before you redeem your points.
American Express Cobalt
One of the best ways to earn points fast and start taking advantage of AMEX’s Fixed Point Program (or Flexible Points program, for that matter) is with American Express’s Cobalt credit card. Since its launch in 2017, Cobalt’s been winning acclaim as one of AMEX’s most lucrative reward cards and it also consistently ranks among the top travel cards in Canada.
A large part of Cobalt’s success is its wide-ranging and generous array of earning categories that pretty much cover the main big spending areas of most Canadians.
Best for Groceries & dining
based on spending $2,200/mo after $156 annual fee
- Earn rewards
1pt – 5pts / dollar earn rate
- Welcome bonus
15,000 bonus points (a $150 value)
- Annual fee
$156
Perks
- Ratehub.ca’s 2023 Award Winner – Best Rewards Credit Card
- In your first year as a new Cobalt Cardmember, you can earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in net purchases on your Card. This could add up to 15,000 points in a year. That’s up to $150 towards a weekend getaway or concert tickets
- Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.
- Earn 3X the points on eligible streaming subscriptions in Canada
- Earn 2X the points on eligible ride shares, transit & gas in Canada
- Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
- Earn 1X point for every $1 in Card purchases everywhere else
- Enjoy access to hotel bookings, a room upgrade (when available), 12pm check-in and late check-out (when available), and up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel
- Transfer points 1:1 to several frequent flyer and other loyalty programs
- Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events
- Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with American Express® Experiences
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment
Features
Ratehub’s take
The American Express Cobalt is one of Canada’s best travel credit cards. If you’re looking for a versatile credit card that rewards both everyday spending and travel, the American Express Cobalt is an ideal choice. Cardholders can enjoy strong travel insurance, a generous welcome offer, and flexible point redemption options.
Pros
- Exceptional point earning: 5x the points on eligible restaurant and food delivery, 3x the points on eligible streaming services, 2x the points on travel and daily transit. The earning potential for restaurants and takeout is significantly higher than most other cards
- Flexible point redemption: Travelers can choose from three ways to use their points: points 1:1 to several valuable loyalty programs including Aeroplan, use the Fixed Points Program to simplify redemptions regardless of travel dates, or use points for statement credits at a rate of 1 point = 1 cent. Or, redeem Membership Rewards for travel, gift cards, merchandise, or purchases
- Exclusive access: Enjoy privileges such as Front of the Line Presale and Reserved tickets to concerts, theatre performances, movie screenings, culinary events, and other special offers
- Comprehensive travel insurance: Benefit from a strong travel insurance package, including up to $5,000,000 in travel emergency medical
- No additional fee for authorized users: Add authorized users for no extra cost (an average fee of $30-50 on other comparable cards)
Cons
- Monthly fee: A monthly fee of $12.99 (totalling an annual fee of $156, which is higher than most other rewards cards)
- Limited acceptance: American Express isn’t as widely accepted in Canada compared to Visa and Mastercard
- Travel insurance age limitations: The travel insurance package does not cover trip cancellation or medical coverage for cardholders over the age of 65
- Lack of airport lounge access: Frequent travellers may be disappointed as this card does not offer access to airport lounges
Eligibility requirements
Minimum credit score: 725
Minimum income: N/A
Interest rates
Purchase interest: 21.99%
Cash advance: 21.99%