Amex Membership Rewards: Get More For Your Points With Prepaid Cards And Amazon

Offer ends March 22, 2021.

Written by creditcardGenius Team

updated on Jul 13, 2021

Fact Checked

A couple of Amex Membership Rewards redemption options have increased value until March 22, 2021.

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Amex Prepaid Cards

A good way to get some cash for your points is redeeming for an American Express prepaid card.

Here are the current values you can get for various denominations:

American Express Prepaid Card

Instead of the typical 0.8 cents per point, you’ll get 1 cent per point instead – a 25% increase in value.

Redeem points at Amazon.ca

Redeeming Amex Membership points through Amazon also has increased value.

Instead of the usual 1,000 points = $7 off your purchase, it’s increased to $10.

Redeem American Express Rewards Points at Amazon

So if you have some things at Amazon you’d like to purchase with Amex Membership Rewards points, now is the time to do so.

Your turn

It’s nice to see some increased value in cash redemptions with rewards programs.

What are your thoughts on American Express’ latest offers?

Let us know in the comments below.

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^◊ The creditcardGenius algorithm, based on our Rating Methodology, calculates an estimated dollar value for all rewards and bonuses by combining typical monthly spending with well-researched reward point value estimates. "Annual Rewards" is calculated by combining our default $2,000 in monthly spending ($24,000 annually) spread across 8 different spending categories (gas, groceries, travel, etc) with our point value estimates. "Welcome Bonus" is calculated by combining all one-time bonuses available to new cardholders within the first year with our point value estimates. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. "Annual Interest Savings" is based on a credit card balance of $8,000 and a standard credit card interest rate of 19.99%. Annual Rewards, Welcome Bonus, and Annual Interest Savings values will change if the person adjusts their monthly spending away from the $2,000 monthly default or changes their reward preferences.

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Amex Membership Rewards: Get More For Your Points With Prepaid Cards And Amazon

Amex Prepaid Cards

Redeem points at Amazon.ca