AMEX Membership Rewards Points will have the best value when transferred to their airline and hotel partners which can give you around 1 cent or more in value depending on the redemption. All other redemptions will give you 0.5 cents per point. Overall, you can redeem your Membership Rewards Points towards:
- Travel through American Express Travel
- Travel with Webjet
- Travel with Helloworld
- Gift Cards
- David Jones
- Card Charges
- Airline & Hotel Partners via Point Transfers
This page will cover the cash value you can obtain when using your AMEX Points towards these redemptions.
AMEX Points Value Calculator
Use the AMEX Points Value Calculator to calculate the average cash value of your Membership Rewards Points based on the value of each listed redemption. You can enter any amount of Membership Rewards Points in the calculator below.
These are the average cash values for Membership Rewards Points when used for travel, gift cards, and other redemptions at a value of 0.5 cents per point:
|AMEX Points||Cash Value (AUD)|
Membership Rewards Points can be used to book travel through American Express Travel, Webjet, and Helloworld. Booking through these portals will give your points a value of 0.5 cents per point.
American Express Travel
Membership Rewards Points can be redeemed on the American Express Travel Portal for flights, hotels, cruises and car rentals. Do note that you'll need to redeem a minimum of 1,000 points. You can book your travel using all points or you can book with a combination of points and an American Express credit card.
You can redeem Membership Rewards Points towards flights with Webjet which gives your points a value of 0.5 cents per point. You can redeem 20,000 Membership Rewards Points for $100 worth of travel.
You can use your Membership Rewards Points to book travel through Helloworld. This is done by visiting a local Helloworld Travel branch in-person and using your points. You can book using all points or a combination of points and payment.
In addition to booking travel, you can use your Membership Rewards Points towards gift cards, checkout at certain retailers, and to cover charges made to your AMEX card. All of these redemptions will give you the same value of 0.5 cents per point.
Membership Rewards Points can be redeemed towards gift cards for a value of 0.5 cents per point. You have more than 30 gift cards you can choose from which includes Amazon, BP, David Jones, Apple, Uber, and more. The denominations will vary depending on the gift card, but most feature your standard $25, $50, and $100 denominations. Most options allow you to redeem for an e-gift card or a physical gift card. The table below lists the costs for the different denominations.
Use Points For Purchases
You can apply Membership Rewards Points to cover just about anything that you charge to your card at a value of 0.5 cents per point. Once a transaction posts to your account, you can redeem them starting at a minimum of $1,000 Membership Rewards Points which is worth a $5 credit.
You can redeem your Membership Rewards Points towards purchases made at Ticketmaster for a value of 0.5 cents per point. Redemptions start at 2,000 points which will give you a $10 credit with Ticketmaster.
You can redeem your Membership Rewards Points for purchases made at davidjones.com.au for a value of 0.5 cents per point. You must redeem a minimum of 3,000 points which is worth $15 worth of goods.
Transfer Points To Partners
Membership Rewards Points can be transferred to up to 12 partners consisting of airlines and hotels. The transfer ratio for most partners are 2:1 meaning that transferring 2,000 Membership Rewards Points will give you 1,000 miles/points with most partners.
Transferring your points to AMEX's airline partners will usually give you the best value over all the previously mentioned redemptions. 2 Membership Rewards Points, worth 1 cent on average, can be transferred to 1 airline mile which will typically give you more than 1 cent in value depending on the redemption.
Let's look at a simple example of a flight between Perth and Brisbane. The cash cost of the flight in November is $346 while the cost in Velocity Points is 18,600.
18,600 Velocity Points would be equal to transferring 37,200 Membership Rewards Points. So if you would be effectively redeeming 37,200 Membership Rewards Points for a $346 flight which would give your points a value of 0.93 cents each which is significantly better than 0.5 cents from all other redemptions. And this is just the low side. Some first/business class redemptions with AMEX's partners can give your points values of 2 to 3 cents or more.
You can use the AMEX Transfer Partners Calculator to calculate the transfer of AMEX Points to their airline and hotel partners.
Most redemptions with AMEX will give your Membership Rewards Points a value of 0.5 cents per point. This means that cards like the AMEX Platinum and AMEX Explorer will give you 1% to 1.125% cash back on most purchases. You can up the value of your points as well as the value of your Membership Rewards Credit Cards when transferring your points to AMEX's airline and hotel partners. This gives you the ability to get a 2% or more return on your spend which is quite nice.
How much are AMEX Membership Rewards Points worth?
AMEX Membership Rewards Points are worth 0.5 cents per point for most redemptions.
What can you redeem Membership Rewards Points for?
Membership Rewards Points can be redeemed for travel through the AMEX Travel Portal, Webjet, and Helloworld. You can also use them towards gift cards, card charges, Ticketmaster, and David Jones.
What's the best use of Membership Rewards Points?
The best value will usually be obtained by transferring your points to AMEX's airline partners. You can typically get 1 cent or more in value through point transfers.