AMEX Australia Membership Rewards points can be redeemed towards travel, gift cards, card charges, and at checkout with top retailers using Shop with Points. Points can also be transferred to AMEX's airline and hotel partners which will generally offer the best value.
AMEX points value
How much are AMEX Membership Rewards points worth? The answer: 0.5 cents per point. Every 10,000 AMEX points are worth about $50 in cash value.
You can obtain higher than average value by transferring your points to AMEX's airline and hotel partners. This can give you as much as 2 cents per point in value with certain airline partners, specifically when booking First and Business class flights.
Here's our valuations for American Express Membership Rewards points:
| Redemption options | Redemption value (in cents) |
|---|---|
| Point transfers to partners | 0.5 - 2 |
| Booking travel through AMEX, Helloworld, and Webjet | 0.5 |
| Gift card redemptions | 0.5 |
| Cover credit card charges | 0.5 |
| Shop with points for David Jones, PayPal, and SafeKey | 0.5 |
How calculate AMEX points value
The value you get out of your Membership Rewards points when redeeming them directly with AMEX are pretty much set in stone, but the value you get when transferring points to AMEX's airline and hotel partners will heavily vary.
You can calculate the value of your Membership Rewards points by dividing the cash cost of a redemption by the number of points required.
AMEX Points Value = Cash Cost of Redemption ÷ Points Required.
For example, if you were to transfer 80,000 Membership Rewards points to one of AMEX's airline partners to redeem them for a $1,200 flight, your points would be worth 1.5 cents each. This is because $1,200 divided by 80,000 points is $0.015.
If you need to calculate the value of a redemption, use our Membership Rewards Points Redemption Value Calculator.
Ways to redeem AMEX points
You will get the best value out of your AMEX points when you transfer them to AMEX's airline and hotel partners. All other redemptions will give your points standard value.
AMEX Point transfers to partners
Membership Rewards Points can be transferred to up to 13 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.
Transferring your Membership Rewards points to AMEX's airline partners will generally give you the best value. This is because 2 Membership Rewards Points, worth 1 cent on average, can be converted into 1 airline mile which has the chance to be worth more than 1 cent in value depending on the redemption.
As an example, let's look at a flight between Perth and Brisbane for Economy. The cash cost of flights during early spring start at $249.99 while the cost in Velocity points are 21,900 Velocity points plus $36.34 or, if you wish to pay in all points, 28,100 Velocity points.
The Points + Pay would require you to transfer 42,000 Membership Rewards points. This redemption would get your points a value of 0.61 which is better than the standard 0.5 cents per point.
If you decided to pay in all points, you would need to transfer 56,200 Membership Rewards points to get 28,100 Velocity points. This redemption would give your points 0.52 cents per point which is pretty close to average value.
For this particular flight, business class would give your Membership Rewards points a whopping 1.9 cents per point for Points + Pay and 1.6 cents per point if you decided to pay in all points.
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.
Shop with points
Membership Rewards points can be redeemed at checkout with a large list of retailers. Every 1,000 points you redeem at checkout will be worth $5 in value which will give your points the standard value of 0.5 cents each.
Retailers include, but are not limited to:
- David Jones
- Dell Computer
- Flight Centre
- Helloworld
- Myer
- PayPal
- WebJet
NOTE: Cathay Pacific and Singapore Airlines are direct transfer partners of the Membership Rewards program. Transferring your points directly to these airlines will typically yield significantly higher value than 0.5 cents per point. So be sure to double check the award flights before committing to using Shop with Points for these partner airlines.
Gift card redemptions
Membership Rewards Points can be redeemed for physical and digital gift cards with over 30 retailers. Redemptions start at 3,000 points for a $15 gift card which will give your points a value of 0.5 cents apiece.
The available gift card denominations will vary depending on the retailer, but most feature your standard $25, $50, and $100 denominations.
| Value | Points Needed |
|---|---|
| $15 | 3,000 Points |
| $25 | 5,000 Points |
| $50 | 10,000 Points |
| $100 | 20,000 Points |
| $200 | 40,000 Points |
| $250 | 50,000 Points |
| $500 | 100,000 Points |
Calculator: Convert AMEX points to dollars
Use the AMEX Points Value Calculator to determine the average dollar value of Membership Rewards Points earned with AMEX Australia. This will give you an idea of how much your points are worth on average.
AMEX Points Value Calculator
Enter any amount of Membership Rewards points to calculate their dollar value.| Redemption options | Redemption value |
|---|---|
| AMEX point transfers to partners | $0 - $0+ |
| Shop with Points | $0 |
| Gift cards | $0 |
| Using points to cover card charges | $0 |
Calculator: AMEX Points redemption value
Use our AMEX Points Redemption Value Calculator to determine the cash value of a redemption based on the cost in cash versus the cost in Membership Rewards points. This tool is useful when trying to decide whether a redemption is worth it.
Credit cards that earn AMEX points
American Express offers a small handful of credit cards you can use to earn Membership Rewards points. Here are those cards:
| Credit Card | Card Details |
|---|---|
The American Express® Platinum Card
Luxury Travel & Global Lounge Access
|
|
The American Express Explorer® Credit Card
|
|
The American Express® Platinum Edge Credit Card
|
|
The American Express Essential® Credit Card
|
|
FAQ
How much are AMEX Australia Membership Rewards Points worth?
Points are worth 0.5 cents per point for most redemptions.
What can you redeem AMEX Australia Membership Rewards Points for?
Points can be redeemed towards travel, gift cards, card charges, at checkout with top retailers, and be transfer to airline and hotel partners.
What's the best use of AMEX Australia 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.
How much is 1,000 AMEX points worth?
1,000 AMEX points are worth $5 on average, but can be worth as much $10 to $20 when transferred to AMEX's partners.
How much is 2,000 AMEX points worth?
2,000 AMEX points are worth $10 on average, but can be worth as much $20 to $40 when transferred to AMEX's partners.
How much is 1,000 AMEX points worth?
1,000 AMEX points are worth $5 on average, but can be worth as much $10 to $20 when transferred to AMEX's partners.
How much is 5,000 AMEX points worth?
5,000 AMEX points are worth $25 on average, but can be worth as much $50 to $100 when transferred to AMEX's partners.
How much is 10,000 AMEX points worth?
10,000 AMEX points are worth $50 on average, but can be worth as much $100 to $200 when transferred to AMEX's partners.
How much is 20,000 AMEX points worth?
20,000 AMEX points are worth $100 on average, but can be worth as much $200 to $400 when transferred to AMEX's partners.
How much is 25,000 AMEX points worth?
25,000 AMEX points are worth $125 on average, but can be worth as much $250 to $500 when transferred to AMEX's partners.
How much is 40,000 AMEX points worth?
40,000 AMEX points are worth $200 on average, but can be worth as much $400 to $800 when transferred to AMEX's partners.
How much is 50,000 AMEX points worth?
50,000 AMEX points are worth $250 on average, but can be worth as much $500 to $1,000 when transferred to AMEX's partners.
How much is 70,000 AMEX points worth?
70,000 AMEX points are worth $350 on average, but can be worth as much $700 to $1,400 when transferred to AMEX's partners.
How much is 100,000 AMEX points worth?
100,000 AMEX points are worth $500 on average, but can be worth as much $1,000 to $2,000 when transferred to AMEX's partners.
How much is 200,000 AMEX points worth?
200K AMEX points are worth $1,000 on average, but can be worth as much $2,000 to $4,000 when transferred to AMEX's partners.
How much is 500,000 AMEX points worth?
500,000 AMEX points are worth $2,500 on average, but can be worth as much $5,000 to $10,000 when transferred to AMEX's partners.
