The Value of an American Express Membership Rewards Point



Dollar value of 1 Membership Reward point $0.01

Dollar value of 1 point Flexibility of points Can points cover taxes and fees?
$0.01 Strong Yes

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American Express Gold Rewards Card

  • Welcome bonus of 25,000 Membership Rewards points
  • $150 annual fee waived for the first year
  • Earn two points per dollar on gas, grocery, pharmacy, and travel purchases

How much are your American Express Membership Rewards Points worth?

It is important to note that American Express Membership "Rewards" and "Points" are the same and will be used interchangeably.

The dollar value of an American Express Membership Reward Point remains constant at $0.01 no matter what it is used for. Here at Ratehub.ca we have determined that the rate of redemption is 1,000 points for a $10 credit with a minimum redemption of 1,000 points.

Here's how we calculated it:

$10.00 credit ÷ 1000 points =
$0.01 value per point

Overall Flexibilty: Strong

Taxes and fees covered? Consistent value? Transferable to/from other rewards programs?
Yes Yes Yes
Yes, you can pay for taxes, fees, and surcharges using points Yes, points are worth $0.01 each within the American Express TripFlex program. Yes, you can transfer your Membership Rewards points to a wide range of participating loyalty programs. Programs include Aeroplan, Delta Skymiles, Starwood Preferred Guest, and many more.
More than one airline involved in program? Can the points be used retroactively? Expiration date on points?
Yes Yes No
Yes, TripFlex allows you to book travel using any provider and on any airline. Yes, you have up to 12 months (via phone) and 3 months (via web) from the date of travel purchase to redeem points (minimum redemption is 1000 points). No, there is no expiration date while you are an active member.

American Express Membership Rewards points can be redeemed using their TripFlex program, or they can be converted to frequent flyer miles and frequent guest points. The TripFlex feature allows you to book any travel expense wherever you want and then redeem Membership Points against the charge on your credit card statement. You have 3 months from the date your travel transaction is posted to your account to redeem your points online, or 12 months from the transaction posting date if you redeem by phone. There is a minimum redemption requirement of 1000 points ($10).

American express has introduced Plenti, a new U.S. based loyalty coalition program. This program allows you to earn redeemable points at certain retailers, very similar to the Air Miles program, with the added flexibilty of using any form of payment that the retailer accepts and still earning points (i.e. cash, credit, debit, prepaid, etc.). There are already thousands of participating retail locations headlined by: AT&T, Exxon, Macy’s, Mobil, Nationwide, Rite Aid, Direct Energy, Enterprise Rent-A-Car and Hulu.

Another great feature of the American Express Membership Reward Program is the ability to convert your points to other popular frequent flyer/frequent guest programs. There are no transfer fees when exchanging for hotel frequent stay programs or a non-U.S. airline's frequent flyer programs. U.S. airlines are subject to an excise tax fee of $0.0006 per point exchanged up to a maximum of $99. Below is a list of popular eligible programs and their exchange ratios.

Rewards Program Conversion Ratio
Aeroplan 1000 points : 1000 Miles
Alitalia 1000 points : 750 MilleMiglia
British Airways 1000 points : 1000 Avios
Cathay Pacific Asia Miles 1000 points : 750 AsiaMiles
Delta SkyMiles 1000 points : 750 SkyMiles
Ethiad Airways 1000 points : 750 Ethiad Guest Miles
Starwood Preferred Guest 1,000 points : 500 Starpoints
Hilton HHonors 1,000 points : 1000 HHonors points
Plenti 500 points : 400 Plenti points

American Express Membership Rewards points can be used to cover taxes and fees.

Best Way to Use Your Amercian Express Membership Rewards Points


View Other Points Programs