Are American Express Points a Joke No Matter What? - Other News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Are American Express Points a Joke No Matter What?

Are American Express Points a Joke No Matter What?

Are American Express Points a Joke No Matter What?

Imagine you are late getting your plane ticket home for Christmas. This happened to a close friend of mine. He called to redeem his points and the customer service representative found seats on a plane that appeared full. The representative was also pleased to find the last two seats together for my friend and his girlfriend.

While the picture just painted sounds warm and fuzzy, my friend seemed to be reeled in. He was told he did not have enough points but that he could put the rest on his AmEx card. That was so generous of them, right? After all, Americanexpress.com does have a section titled “Don’t let your points balance hold you back.” It’s great to know that AmEx has our best interest at heart.

Maybe you are not fond of flying? How about a “Bar-B-Que Apron With Stainless Steel BBQ Set” for 5,000 points? Perhaps your little one might in enjoy a “Retro Rocket – Radio Flyer” for 39,100 points? Gadgets are another popular way to redeem the AmEx points. Points make it sound like they are playing a game. The problem is that the customer may end up being the one who is played instead.

However, the customer seems to be played by the points more on Amazon than other places. Amazon encourages customers to link their AmEx card to their website and redeem points there. Sounds like a good deal. Most people thought it was nice to be able to use their points in a different place, that is, until they did a little math. Some customers have complained that it takes about 142 points to equal a dollar, making the points worth $0.007, which is nearly equal to “nul points.” On the AmEx website points are worth almost a third more than on Amazon. A few customers have advised sticking with points earned through Chase Amazon card for Amazon.

Make sure to get the best bang for your points. If points are something you like to use through AmEx, the best deal is to redeem them through AmEx and not to transfer them to Amazon to use. We should be wary to never let any company entice us with points that might make us spend more. It is much like what I call the “gift card problem.” You can never spend exactly what is on the card. You will almost always spend more.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

MasterCard and Fred Segal Open Shop on the Strip

Posted: April 20, 2018

MasterCard and Fred Segal have opened Rock ‘n Roll Holy Land on Sunset Strip, an immersive exhibit giving people an insider’s view of the history of the Sunset Strip. The shop also puts a unique digital spin on window shopping using ... Continue reading
New Amex Centurion Lounge Opening in Denver

Posted: April 19, 2018

Are you a regular at Denver International Airport (DEN)? If so, you may want to check out the new Centurion Lounge when it opens next year. It’s stated to be the eleventh lounge in the Centurion line up. Offering airfield views and taking ... Continue reading
Crate and Barrel and Synchrony Bank to Offer New Credit Cards

Posted: April 18, 2018

Do you shop for furniture and household wares at Crate and Barrel? If so, you might be interested to know that the home furnishings retailer has inked a deal with Synchrony to offer customers not only new credit cards and financing ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
Our application is quick and easy with instant pre-qualification available
For Fair / Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!