American Express Points Value: How Much Are American Express Membership Rewards Worth?

American Express Business credit card
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One of the best parts of having a credit card is the rewards you can earn through purchases that would get you no additional perks if you were to pay for them with cash or a debit card. 

American Express, Member FDIC, offers a number of different credit cards, ranging from everyday to business to airline or travel. However, only a few of these cards are eligible for the company’s Membership Rewards Program. 

Since American Express® Membership Rewards are the talk of the rewards-town, you must be interested in knowing what they’re worth. This article covers American Express points value and goes into detail about how you can make the most of your American Express® Membership.

How To Earn American Express Membership Rewards Points

You earn American Express® Membership Rewards points by using American Express credit cards. American Express offers different credit cards that are a part of its Membership Rewards program. Each credit card earns you a different number of rewards as per its welcome promotional offer and then on eligible purchases. 

Here are some notable examples.

With an annual fee of $250, the American Express® Gold Card earns 60,000 Membership Rewards Points after you spend $6,000 on purchases in the first six months of owning the card.

Here’s what you earn from regular purchases:

  • 4x points on dining at restaurants worldwide, including delivery and takeaway services in the U.S.
  • 4x on groceries at U.S. supermarkets, up to $25,000 in purchases per year
  • 3x on flights booked directly on or airlines
  • 1x points on other purchases
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The American Express® Platinum Card has a fee of a year. You’ll earn 80,000 Membership Rewards Points after spending $8,000 on purchases in the first six months of owning the card. 

Here are other ways you can earn Membership Rewards Points:

  • 5x points on flights booked directly with airlines or through American Express Travel, up to $500,000 per year
  • 5x points on prepaid hotels booked via American Express Travel
  • 1x points on other purchases

You also earn monthly credits on digital subscriptions, Walmart+ membership and Uber, plus annual credits for hotel bookings and airline incidental fees.

The Business Platinum Card® from American Express also comes with an annual fee of $695. You can earn 100,000 Membership Rewards points after spending $15,000 on all eligible purchases in the first three months of card ownership. 

There’s a 0% intro APR for the first year on purchases that qualify for Pay Over Time, after which there is a APR.

You’ll also receive the following:

  • 5x the points on flights and prepaid hotels booked on American Express Travel
  • 1.5x on eligible purchases in key business categories and purchases of $5,000 or more, up to $2 million
  • 1x points on other eligible purchases

With an annual fee of $150, the American Express® Green Card earns 40,000 Membership Rewards Points after spending $2,000 on eligible purchases in the first six months of card ownership.

Other ways to earn Membership Rewards Points include:

  • 3x points on restaurants, transit and travel
  • 1x points on other purchases

The has no annual fee. You earn 10,000 Membership Rewards Points when you spend $2,000 with the card on eligible purchases in the first six months of card ownership.

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You’ll also earn the following:

  • 2x points on up to $6,000 of groceries at U.S. supermarkets per year, then 1x points
  • 1x points on other purchases

The is an upgrade from the EveryDay credit card and comes with an annual fee of $95. You earn 15,000 Membership Rewards points on spending $2,000 on eligible purchases in the first six months of card ownership. 

You’ll also have the opportunity to earn additional Member Rewards Points, including:

  • 3x points on up to $6,000 of groceries at U.S. supermarkets per year, then 1x points
  • 2x points on gas at U.S. gas stations
  • 1x points on other purchases

American Express Blue Business Plus Credit Card

With the Blue Business Plus card, spending $3,000 on qualified purchases in the first three months will earn you 15,000 bonus points. This card has no annual fee and offers an introductory 0% APR for the first 12 months, after which there is a APR.

It also offers:

  • 2x points on qualifying business purchases up to $50,000 per year
  • 1x point per dollar after


If you have a Membership Rewards Points-eligible American Express card, you can also earn points instead of cash back on your Rakuten purchases, if you link your American Express and Rakuten accounts. The points initially come to your Rakuten account and are then transferred to your Membership Rewards program account according to Rakuten’s payment schedule. 

American Express Points Value: How Much Are Membership Rewards Points Worth?

American Express points’ value depends on how you spend them. The number of points you need for an item also will vary depending on the merchant offering that product and the channel of redeeming your points.

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For instance, merchants that participate in certain channels, like Shopping with Points or Shop with Membership Rewards Points, may offer a product for a different number of points than another merchant that’s not enrolled in this program. 

If you have multiple American Express cards linked to your Membership Rewards account, you’ll get the points value of the card that offers the highest point value.

How Much Are Your Points Worth?

If you don’t want to go down the rabbit hole of complicated calculations when you’re determining the worth of your American Express points, you can use the calculator on the company’s website. It lets you check the value of rewards from 1,000 to 100,000. 

You can determine the American Express points value for each of these categories:

  • Pay with Points at Checkout
  • Redeeming for Gift Cards
  • Covering Card Charges 
  • Upgrading or Booking Travel 
  • Transferring Points
  • Shopping

Here’s a breakdown of how you can use your Memberships Rewards Points based on their worth. 

Pay With Points 

Pay with Points can be used to make various kinds of purchases. Amazon, Ticketmaster, GrubHub and Best Buy are just some of the companies that allow you to use your American Express points at checkout. 

The purchases you make using Pay with Points are enrolled to your card account. American Express then deducts the points from your Rewards Account. 

If your points aren’t sufficient enough to cover the whole purchase, the remaining sum will be charged to your card. A minimum amount of points are required to be spent for some rewards. For example, Ticketmaster requires a minimum of 2,000 points per purchase.

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You can connect your American Express card to 14 retailers and use Pay with Points for your purchases. Typically, the value of one Membership Rewards Point ranges from 0.5 cent to 1 cent. 

For instance, if you use 10,000 points, it will cover a purchase of $70 based on a 0.7 cent-per-point rate. Since Pay with Points is also a PayPal partner, you can shop from millions of e-commerce stores worldwide. 

Gift Cards and Certificates

You also can redeem your Membership Rewards to get gift cards and certificates from some merchants. You get 0.5 cent to 1 cent for each Membership Rewards point. For instance, if you spend 30,000 reward points, you can expect to get a gift card worth anywhere from $150 to $300, based on the merchant.

When you redeem your points for retail or dining gift cards, you’re likely to get a value closer to 1 cent per point. However, you also can use your points to buy entertainment and travel gift cards. 

Here are some important things to know about getting gift cards or certificates using your reward points: 

  • These cards don’t have any cash value. Thus, you cannot exchange them for cash, nor can you get a cash return on them. 
  • Every card also has certain restrictions per its terms and conditions.
  • Retailers are authorized to decide whether they want to accept or decline the gift card or certificate. Photocopies of gift cards are not accepted.
  • You cannot combine your gift card or certificate with promotional offers. 
  • Gift cards and certificates cannot be used to pay for an existing account balance or cover any previous purchases. 
  • American Express is not able to send gift cards to Vermont or Hawaii.
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Statement Credit 

You also can use your American Express points for a statement credit. Each Membership Rewards Point is worth 0.6 cents. Typically, charges are covered by the statement credit if they: 

  • Are a value of at least $1
  • Haven’t been disputed
  • Are on a cardholder’s recent online activity or account statement
  • Are in a U.S. territory or in the U.S.

Using points for statement credits is not available for corporate cards.


With most cards, you get 1 cent per Membership Rewards Point when you purchase flights. For example, if you have 100,000 Membership Rewards Points, it can cover a $1,000 ticket. If you’re eligible, you can also redeem your points to get an upgrade to a first-class or business seat.

As for other travel purchases, such as cruises and hotel stays, one point is redeemed at 0.5 cent to 0.7 cent. Membership Points do not expire, so you can use them to book a flight whenever you want. 

Transfer Membership Rewards Points

Since American Express partners with many hotel loyalty programs and frequent flyer offers, you can transfer miles, rewards and points to a partner of your choice. 

With a few exceptions, transfers to loyalty programs are at a 1:1 ratio, which means you get one partner program point for each Membership Rewards point. 

  • Hilton Honors: You get two Hilton Honors points for one Membership Rewards point.
  • Aeromexico: You get 1.6 Club Premier points for one Membership Rewards point.
  • JetBlue: Each Membership Rewards point becomes 0.8 TrueBlue points.
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American Express partners with 17 airlines and three hotels as its points transfer partners.

Online Shopping With American Express Points

When you use American Express points for online shopping, you get 0.5 cent per point. For instance, if you have 10,000 points, you can make a purchase of $50 or get the same amount off a larger purchase.

Keep in mind that balance transfers and person-to-person payments are not eligible purchases for American Express® Membership Rewards.

How To Maximize Your Membership Rewards Points

Almost all American Express credit cards have a minimum amount you need to spend in the first three to six months to get thousands of Membership Rewards Points. But this is not the only way to get points.

You can maximize your Membership Rewards program earnings through point multipliers, promotions and bonuses.

Welcome Offer Bonus

American Express offers a welcome offer bonus on some of its cards. Suppose you spend $5,000 in the first six months of getting your card and get a welcome bonus of 30,000 points. If you use your points in such a way that the value of each point is 0.5 cent, your welcome bonus equates to $150.

Since the reward values can be up to 1 cent, you can increase the value of the welcome bonus by spending it wisely.

American Express Travel

American Express® Travel is the travel portal of American Express. If you book flights or hotels directly from American Express® Travel, you can qualify for some bonus points depending on your American Express card type.

For example, using the American Express® Platinum or Business Platinum cards to make purchases through American Express® Travel earns 5x the rewards points.

Promotion Periods

As an American Express® cardholder, you also get bonus promotions on some cards if you make the required purchases in a certain billing cycle. The American Express® EveryDay Credit Card allows you to earn 20% extra points by making 20 purchases in a billing period.

Simply put, if you make 20 purchases in one billing cycle, you get 2.4 points on each dollar rather than the 2 points you normally get. Likewise, you get 1.2 points on every dollar instead of 1 point that you normally get.

Amex Offers

American Express provides Amex Offers to all cardholders. This program lets you earn extra points on your purchases.

You also can save money using statement credits. Amex Offers are eligible for purchases at retailers, service providers and restaurants.

Refer a Friend

American Express cardholders can refer their friends through social media, email or a personalized referral link. They can choose a card from American Express’s personal or business card selection. In return, the cardholder earns a referral bonus if the person they referred is approved.

Good To Know 

Although you can’t buy points for future rewards, American Express gives you an option to purchase points when you’re using them for a purchase but don’t have enough. You will see the charge for these points in your account. You get 1,000 points for $30 and must buy a minimum of 1,000 points at once. You can purchase up to a quarter of the total points needed for a specific rewards purchase at one time.

Pros of American Express Membership Rewards Programs

The American Express® Membership Rewards Program has the following pros: 

  • Flexibility: The main benefit of the rewards program is its flexibility. You can use your points on pretty much everything from entertainment and dining to travel and grocery shopping. Since American Express partners with a large number of retailers and airlines, you’re likely to get a good deal. 
  • Easy to Earn: It’s also easy to earn Membership Rewards Points, especially if you have a business card. 
  • Extra Perks: Along with the reward points, American Express® Membership-eligible cards also give you extra perks. For instance, the American Express® Platinum Card gives $200 worth of hotel credit with a required 2-night minimum stay and up to $240 for digital entertainment that can be used to pay for The New York Times, Audible and other subscriptions. 
  • Promotions and Bonuses: Cardholders also get bonus points and promotions based on the criteria for each card. These bonuses help cardholders earn points quickly and get close to their next major redemption. 

Cons of American Express Membership Rewards Programs

Although American Express® Membership Rewards come in handy, there are some shortcomings to be aware of. 

  • American Express® Travel: The American Express® Travel portal doesn’t give the best deals when compared to other credit card rewards programs.
  • Difficult to Redeem: Some rewards are harder to redeem than others and may require a phone call. For example, Points Top Up is only available by phone.
  • Card Fees: Most of the American Express cards that earn points also come with an annual fee — quite a large one in some cases.

Final Take

To sum everything up, American Express® Membership Rewards points surely can help you save a substantial sum on airline bookings and shopping. American Express points values differ according to the channel of redemption you’ve selected and the merchant in question. 

You can use American Express points to book tickets, buy merchandise online, book hotels through American Express® Travel or transfer points to American Express partners’ loyalty programs, such as airlines and hotels.

To make the most out of your card, benefit from promotional offers and welcome bonuses. If your friend or family member is looking for a credit card, refer them to get a bonus in return.

FAQs About American Express Points

Here are some questions about American Express points value that people commonly ask.
  • How much are 50,000 American Express points worth?
    • That depends on the American Express points value a merchant offers. The range goes from 0.5 cent to 1 cent for most retailers. So, at a minimum, you can expect to purchase something worth $250 with 50,000 American Express® Membership Rewards Points. Meanwhile, if you book a flight from the American Express® Travel portal, you'll get a value based on the airline or the hotel partner's guidelines.
  • What can I do with American Express® Membership Rewards?
    • You can do quite a lot with your American Express® Membership Rewards, such as shopping online, getting a statement credit, transferring points to loyalty programs, booking travel and buying gift cards or certificates.
  • What are ineligible purchases?
    • Purchases that don't earn you any reward points are ineligible purchases. These include cash-equivalent fees and transactions.

Amber Barkley and Cynthia Measom contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 25, 2022.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

All information about American Express card offers has been collected independently by GOBankingRates and has not been reviewed or approved by American Express. These offers are not available through GOBankingRates.


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