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Amex MR Points Worth 25% More Online When Redeeming For Apple, Dyson, Bose, Etc.
First post here! Haven't seen this deal yet but for those who have Amex credit cards earning MR points, your points are worth 25% more when redeeming online through the Amex portal. This deal is until 11/27.
https://www01.extra.ame
https://www01.extra.ame
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I will not use this deal however first post is important so I am here.
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To give you one example and if you use a baseline value of 1 cent per MR point, even with this "discount," you'd be paying the equivalent of $379 for a set of AirPods Pro.
While still not really good, if you absolutely have to you are much better off redeeming your MR points for an Apple gift card instead and then buying your Apple product directly. Not trying to put down OP on their first post or anything, but nobody should ever use their points this way. This rule is pretty consistent across cards and rewards programs; using your points through their shopping portals is always (99.9% of the time) a terrible redemption.
What would you recommend it on then? Would you be able to make recommendations asides from travel related products?
You can also redeem points directly with purchases on Amazon. The conversion there is still bad at 143pts/$1 but way better than what you're getting here.
Gift cards
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To give you one example and if you use a baseline value of 1 cent per MR point, even with this "discount," you'd be paying the equivalent of $379 for a set of AirPods Pro.
While still not really good, if you absolutely have to you are much better off redeeming your MR points for an Apple gift card instead and then buying your Apple product directly. Not trying to put down OP on their first post or anything, but nobody should ever use their points this way. This rule is pretty consistent across cards and rewards programs; using your points through their shopping portals is always (99.9% of the time) a terrible redemption.
Totally agreed!!!
example
yeti cup.. retail 20$
Points 5998 (or 300pts per dollar)
with discount 4450 points
that is awful. just using them on GC at 100 per dollar gets you over twice as much.
Many gift cards can be redeemed for around $0.01/point.
1 cent per point is the lowest you should go when redeeming these points. Otherwise, you are getting very poor return on your points.
The best way to get close to 2 cents per point is by transferring the MR points to one of their travel partners (Delta, JetBlue, etc.). Then use those points for flights/hotel stays.
Typically the value is pretty poor when transferring to hotel chains but can work well during promotions or in a pinch. The best value is usually transferring to an airline and getting a business class flight abroad.