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How Much Are Amex Membership Rewards Points Worth? [37 FAQs]

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American Express is one of the world’s oldest financial services companies. Dating all the way back to the mid-19th century, American Express initially gained momentum through its money order, investment banking, and charge card product service lines.

Today, American Express is one of the most well-known credit card companies in the world. Known most for its charge cards, including The Platinum Card® from American Express Amex bestows those who have the privilege of holding these cards with access to American Express Membership Rewards.

This flagship rewards program is one of the best in the business — in this guide, we’ll show you whether Amex Membership Rewards points are worth it. We’ll also answer a series of the most commonly asked questions about Amex Membership Rewards points.

37 FAQs About Amex Membership Rewards Points

1. What Is Amex Membership Rewards?

American Express Membership Rewards is the major points program that American Express offers on its flagship credit cards and charge cards. Although Amex Membership Rewards is a multinational currency utilized in the countries it maintains financial operations in, the main cards in the U.S. that earn Membership Rewards points are:

*All information about these cards has been collected independently by Upgraded Points.

Here are details on some of our favorite Membership Rewards-earning cards:

BEST LOUNGE ACCESS
The Platinum Card® from American ExpressTerms Apply / Rates & Fees

The Platinum Card® from American Express

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

Learn More(at Amex's secure site)

Apply With Confidence

Know if you're approved with no credit score impact

If you're approved and accept this Card, your credit score may be impacted.

The Platinum Card® from American Express

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.
Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on the Card in your first 6 months of Card Membership.
80,000 points
$1,760
$695
See Pay Over Time APR
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than The Platinum Card® from American Express.

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Pros

  • The best airport lounge access out of any card (by far) — enjoy access to over 1,400 worldwide lounges, including the luxurious Amex Centurion Lounges, Priority Pass lounges, Plaza Premium Lounges, and many more!
  • 5x points per dollar spent on flights purchased directly with the airline or with AmexTravel.com (up to $500,000 per year)
  • 5x points per dollar spent on prepaid hotels booked with AmexTravel.com
  • Annual and monthly statement credits upon enrollment (airline credit, Uber Cash credit, Saks Fifth Avenue credit, streaming credit, prepaid hotel credit on eligible stays, Walmart+ credit, CLEAR credit, and Equinox credit)
  • TSA PreCheck or Global Entry credit
  • Access to American Express Fine Hotels and Resorts
  • Access to Amex International Airline Program
  • No foreign transaction fees (rates and fees)

Cons

  • $695 annual fee (rates and fees)
  • Airline credit does not cover airfare (only incidentals like checked bags)
  • Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
  • $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
  • $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
  • $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership (subject to auto-renewal) with a statement credit after you pay for Walmart+ each month with your Platinum Card®. Cost includes $12.95 plus applicable local sales tax. Plus Up Benefits are excluded.
  • $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
  • $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only. Terms Apply.
  • $300 Equinox Credit: Get up to $300 back in statement credits per calendar year on an Equinox membership, or an Equinox club membership (subject to auto-renewal) when you pay with your Platinum Card®. Enrollment required. Visit https://platinum.equinox.com/ to enroll.
  • $189 CLEAR® Plus Credit: Breeze through security with CLEAR Plus at 100+ airports, stadiums, and entertainment venues nationwide and get up to $189 back per calendar year on your Membership (subject to auto-renewal) when you use your Platinum Card®. Learn more.
  • $100 Global Entry Credit: Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
  • Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $300 SoulCycle At-Home Bike Credit: Get a $300 statement credit for the purchase of a SoulCycle at-home bike with your Platinum Card®. An Equinox+ subscription is required to purchase a SoulCycle at-home bike and access SoulCycle content. Must charge full price of bike in one transaction. Shipping available in the contiguous U.S. only. Enrollment Required.
  • Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
  • $695 annual fee.
  • Terms Apply.

Financial Snapshot

  • APR: See Pay Over Time APR
  • Foreign Transaction Fees: None

Card Categories

Rewards Center

American Express Membership Rewards

BEST FOR DINING
American Express® Gold CardTerms Apply / Rates & Fees

American Express® Gold Card

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This is the best card for food lovers who dine out at restaurants (worldwide), order take-out and want big rewards at U.S. supermarkets!

Learn More(at Amex's secure site)

Apply With Confidence

Know if you're approved with no credit score impact

If you're approved and accept this Card, your credit score may be impacted.

American Express® Gold Card

This is the best card for food lovers who dine out at restaurants (worldwide), order take-out and want big rewards at U.S. supermarkets!
Earn 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months.
60,000 points
$1,320
$250
See Pay Over Time APR
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

The American Express® Gold Card is a game-changer.

With this card, you can earn 4x Membership Rewards points at restaurants and you’ll also earn 4x Membership Rewards points at U.S. supermarkets on up to $25,000 per calendar year in purchases, then 1x.

There isn’t another card on the market that offers a 1-2 punch like this. Of course, there are several other benefits of the Gold Card as well, including extra monthly dining rewards and more.

Pros

  • 4x points per dollar at restaurants, plus takeout and delivery in the U.S.
  • 4x points per dollar at U.S. supermarkets, up to $25,000 per calendar year in purchases; and 1x thereafter
  • 3x points per dollar on flights purchased directly from airlines or at Amex Travel
  • Up to $120 annual dining credit: up to $10 monthly statement credit when you pay with the Amex Gold card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations
  • Up to $120 in annual Uber Cash: get $10 monthly in Uber Cash for Uber Eats orders or Uber rides in the U.S. when you add your Gold Card to your Uber account
  • No foreign transaction fees (see rates and fees)
  • Access to Amex’s The Hotel Collection
  • Access to American Express transfer partners

Cons

  • Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
  • Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
  • Get a $100 experience credit with a minimum two-night stay when you book The Hotel Collection through American Express Travel. Experience credit varies by property.
  • Choose the color that suits your style. Gold or Rose Gold.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.

Financial Snapshot

  • APR: See Pay Over Time APR
  • Foreign Transaction Fees: None

Card Categories

Rewards Center

American Express Membership Rewards

OUR BEST OFFER
The Business Platinum Card® from American ExpressTerms Apply / Rates & Fees

The Business Platinum Card® from American Express

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This card is ideal for business travelers who enjoy luxury travel and are looking for a card loaded with benefits!

Learn More(at Amex's secure site)

The Business Platinum Card® from American Express

This card is ideal for business travelers who enjoy luxury travel and are looking for a card loaded with benefits!
Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
120,000 points
$2,640
$695
19.49% - 28.49% Variable
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

The Business Platinum Card® from American Express is a premium travel rewards card tailored toward business owners who are frequent travelers with a high number of annual expenses.

When you factor in the large number of perks that the card offers like the best airport lounge access at over 1,400 lounges, along with tons of annual credits, it’s easy to see why this card can is a top option for frequent traveling business owners.

Hot Tip: Check to see if you’re eligible for a huge welcome bonus offer of up to 170,000 points with the Amex Business Platinum. The current public offer is 120,000 points. (This targeted offer was independently researched and may not be available to all applicants.)

Pros

  • 5x Membership Rewards points per $1 on flights and prepaid hotels at Amex Travel
  • Up to $200 annual airline fee credit on your selected qualifying airline
  • Statement credits on select purchases with your card
  • 35% airline bonus when using Pay With Points (up to 1,000,000 bonus points per calendar year)
  • Access to over 1,400 worldwide airport lounges as part of the American Express Global Lounge Collection
  • Global Entry or TSA PreCheck application fee credit
  • Get 50% more Membership Rewards points (1.5 points per $1) on eligible purchases in key business categories, as well as on purchases of $5,000 or more (cap applies)
  • Access to Amex’s Fine Hotels & Resorts program

Cons

  • High annual fee of $695 (rates and fees)
  • Airline fee credit does not cover airfare, only incidentals like checked bags
  • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
  • 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
  • Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
  • Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your Card.
  • $189 CLEAR® Plus Credit: Use your card and get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use your Business Platinum Card®.
  • The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
  • $695 Annual Fee.
  • Terms Apply.

Financial Snapshot

  • APR: 19.49% - 28.49% Variable
  • Foreign Transaction Fees: None

Card Categories

Rewards Center

American Express Membership Rewards

BEST FOR BONUSES
American Express® Business Gold CardTerms Apply / Rates & Fees

American Express® Business Gold Card

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Get 4x points in 2 select categories where your business spends the most each month (on your first $150,000 spent each year).

Learn More(at Amex's secure site)

American Express® Business Gold Card

Get 4x points in 2 select categories where your business spends the most each month (on your first $150,000 spent each year).
Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership
70,000 points
$1,540
$375
19.49% - 28.49% Variable
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

The American Express® Business Gold Card is excellent at racking up rewards for your business spend.

The card earns a whopping 4x points per $1 in the 2 categories (from a list of 6) that your business spends the most money on each month. With no need to opt-in or preselect your categories, so you can focus on what matters most — running your business.

Pros

  • 4x points per dollar spent on your 2 highest purchase categories each month up to $150,000 each calendar year in purchases; categories include:
    • NEW! Transit purchases including trains, taxicabs, rideshare services, ferries, tolls, parking, buses, and subways
    • NEW! U.S. purchases made from electronic goods retailers and software & cloud system providers
    • NEW! Monthly wireless telephone service charges made directly from a wireless telephone service provider in the U.S.
    • U.S. purchases at gas stations
    • U.S. purchases at restaurants, including takeout and delivery
    • Purchases at U.S. media providers for advertising in select media (online such as Google Ads, Facebook Ads, plus TV and radio)
  • 3x points per dollar on flights and prepaid hotels booked on amextravel.com using your Business Gold Card
  • Access to Amex’s The Hotel Collection
  • Purchase protection and extended warranty protection
  • Trip delay insurance
  • Car rental insurance
  • Cell phone insurance

Cons

  • $375 annual fee (rates and fees)
  • No elite travel benefits like airport lounge access or elite status
  • Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • Earn 4X Membership Rewards® points on the 2 categories where your business spends the most each billing cycle from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap.
  • Earn 3X Membership Rewards® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card.
  • Earn up to $20 in statement credits monthly after you use the Business Gold Card for eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores. This can be an annual savings of up to $240. Enrollment required.
  • Get $12.95 back in statement credits each month when you pay for a monthly Walmart+ membership (subject to auto-renewal) with your Business Gold Card. $12.95 plus applicable taxes.
  • Your Card – Your Choice. Choose from Gold or Rose Gold.
  • *Terms Apply

Financial Snapshot

  • APR: 19.49% - 28.49% Variable
  • Foreign Transaction Fees: None

Card Categories

Rewards Center

American Express Membership Rewards

The Blue Business® Plus Credit Card from American ExpressTerms Apply / Rates & Fees

The Blue Business® Plus Credit Card from American Express

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Earn Membership Rewards for your business spending the easy way: get 2x points for the first $50,000 in purchases per year.

Learn More(at Amex's secure site)

The Blue Business® Plus Credit Card from American Express

Earn Membership Rewards for your business spending the easy way: get 2x points for the first $50,000 in purchases per year.
Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
15,000 points
$330
No annual fee
18.49% - 26.49% Variable,0% on purchases for 12 months from date of account opening
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-840)

As a business owner, getting a credit card that maximizes each dollar you spend does not have to be complicated or expensive. Especially when you opt for The Blue Business® Plus Credit Card from American Express.

With the Amex Blue Business Plus card, you’ll earn 2x Membership Rewards points on everyday business purchases throughout the year (up to $50,000; 1x thereafter) and receive purchase protections and no-additional-charge employee cards all for no annual fee (see rates and fees).

The simple and straightforward earning structure makes it a great fit for those looking to earn flexible rewards, without having to fixate on which purchases earn the most points.

Let’s take look at all that the Amex Blue Business Plus card has to offer.

Pros

  • 2x Membership Rewards points per $1 on everyday business purchases (up to $50,000; 1x thereafter)
  • Purchase protection and extended warranty protection
  • No annual fee and employee cards at no additional cost

Cons

  • No unique bonus categories and 2x earnings are capped at $50,000 in annual spend
  • No elite travel benefits like lounge access or elite status
  • Charges foreign transaction fees
  • Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
  • Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
  • No Annual Fee
  • Terms Apply

Financial Snapshot

  • APR: 18.49% - 26.49% Variable,0% on purchases for 12 months from date of account opening
  • Foreign Transaction Fees: 2.7% of each transaction after conversion to US dollars.

Card Categories

Rewards Center

American Express Membership Rewards

What makes American Express Membership Rewards special is that you don’t need to have a card with an annual fee to be able to earn transferrable rewards.

In contrast, Chase and Citi generally require you to hold a card with an annual fee, like the Chase Sapphire Preferred® Card or the Citi Premier® Card, to transfer points to travel partners.

2. Are Amex Points Worth It?

Amex points are probably the most “worth it” currency in the world. There, we said it!

Amex Membership Rewards has 15+ Amex transfer partners, which makes it one of the most versatile in the entire world.

Additionally, Amex points are ridiculously easy to earn, ranging from the 5x points on airfare booked directly with the airline using the Amex Platinum card (up to $500,000 per year) to 4x points at restaurants worldwide and at U.S. supermarkets (up to $25,000 per year) using the Amex Gold card to 3x points on general travel purchases using the Amex Green card, and more.

Instead of being forced to book flights left and right to try to get a reward flight once in a while, Amex enables you to earn fantastic rewards on everyday categories.

Amex Membership Rewards points are absolutely worth it.

3. Where Do I Find My Points on American Express?

It’s easy to find your points on American Express. You can access your Membership Rewards points in 3 ways:

If you’re on the website, you’ll first want to log into your online account. Then, you’ll see a box on your dashboard that says Membership Rewards Points. After that, you’ll see your points balances. Usually, your points are combined into 1 Membership Rewards account, which is determined by your Social Security number.

If you’re on the Amex app, you’ll still want to log into your online account first. After that, click the Membership button on the bottom of the app screen, and you’ll then find your Amex points balance at the top of the screen.

You can also find your Amex points balance by calling the number on the back of your card and following the appropriate prompts to access Membership Rewards.

4. How Much Are Amex Points Worth?

We value Amex points to be worth around 2.2 cents per point.

Keep in mind that although we strongly believe our valuations to be accurate, these are highly subjective and dependent on the ways in which you use your Amex points.

Also, the value of your Amex points may also depend on which card you have. It won’t make a huge difference if you’re always maximizing Amex transfer partners from airlines or hotels, though.

If you use the Amex Business Platinum card to book eligible airfare through AmexTravel.com using Pay With Points, you can get a 35% airline bonus, which increases your redemption value to ~1.53 cents per point, instead of the standard 1 cent per point.

Remember that by transferring your Amex points to travel partners, you can book business or first class award travel and luxury hotel stays to receive a redemption value of 1 to 10 cents per point.

In general, achieving 10 cents per point is more the exception than the norm and is fairly challenging to do without the proper expertise, so we peg Amex points to be worth around 2.2 cents each.

5. How Much Are Amex Platinum Points Worth?

If you have the Amex Platinum card, you’re earning Amex Membership Rewards points.

Those points are worth anywhere from 0.5 cents per point to more than 10 cents per point.

If this is the only card you have, you can redeem your points for statement credits at 0.6 cents per point.

If you are using Amex points for flights or Fine Hotels & Resorts bookings through AmexTravel.com, you’ll get 1 cent per point of value.

For other travel booked through AmexTravel.com or using Pay With Points for online merchandise, you’ll probably get around 0.7 cents per point.

Lastly, gift cards will get you anywhere from 0.5 cents per point to 1 cent per point of value.

In light of this, you can see how it makes total sense to transfer your points to travel partners and literally, potentially, get 10x the value that you’d otherwise get.

Even though there are so many different ways to use points from your Amex Platinum card, we think they’re worth around 2.2 cents each.

6. How Much Are Amex Gold Points Worth?

If you have the Amex Gold card, you’re earning Amex Membership Rewards points.

These points are the exact same as the points you get from the Amex Platinum card.

In fact, if you have both the Amex Gold card and the Amex Platinum card, your points are combined and pooled into 1 account, so there’s literally no distinction between the two.

As we mentioned above, the value you will get from Amex points is anywhere from 0.5 to 10 cents per point.

You’ll get the most value from transferring points to airlines and hotels, while the lowest value will be from gift cards, statement credits, online shopping, and more.

7. How Much Are Amex Hilton Points Worth?

Amex is the sole issuer of Hilton credit cards. This is known as a co-branded credit card relationship, and this includes cards like the Hilton Honors American Express Business Card and the Hilton Honors American Express Card.

The points you earn from these credit cards are not American Express Membership Rewards points.

We value Hilton Honors points to be worth around 0.5 cents each, although it’s possible to get worse or better value depending on which Hilton property you redeem your points at.

8. How Much Are Amex Cobalt Points Worth?

Cobalt points are only generally applicable to American Express customers in Canada. Exclusive to the American Express Cobalt® Card, the points you accumulate are also called Membership Rewards points.

The kicker is that Membership Rewards points in the U.S. and Membership Rewards points in Canada are totally different from each other.

For example, Membership Rewards points in Canada only transfer to a handful of airlines and a couple of hotels; in comparison, Membership Rewards in the U.S. is much handier with around triple the number of airline partners.

In fact, some transfer ratios are even worse than 1:1 in Canada, like Delta SkyMiles (1:0.75) and Asia Miles (1:0.75).

We think that a fair value of Membership Rewards points from the Amex Cobalt card in Canada would be around 1.2 or 1.3 cents per point.

9. How Much Are 10,000 Amex Points Worth?

Based on our valuations of 2.2 cents for each Membership Rewards point, 10,000 Amex points are worth $220.

The best way to get as much value as possible from 10,000 Amex points is to transfer your points to an airline partner to book a short-haul flight.

10,000 Amex points isn’t enough points to book a business class flight in most cases, making it difficult to get strong value from 10,000 points.

You can also use 10,000 Amex points for $50 to $100 in gift cards, $60 in statement credits, $100 in flights or Fine Hotels & Resorts booked through AmexTravel.com, $70 for other AmexTravel.com bookings, $70 in Amazon purchases, $70 at Best Buy, or $70 worth of online merchandise.

Hot Tip: You can get a 35% airline bonus with the Amex Business Platinum card.

10. How Much Are 30,000 Amex Points Worth?

30,000 Amex points are worth around $660 based on our valuations of 2.2 cents apiece.

30,000 Amex points is actually enough to book a one-way business class flight to Canada aboard Air Canada, which may retail for more than $2,000 in some cases.

When using Pay With Points from the Amex Business Platinum card, you can use 30,000 Amex points for up to $462 worth of airfare.

30,000 Amex points can be used to book a night at a 4-star Hilton property, which could be upwards of $500 in some cases.

All other usages of Amex points will get you a maximum value of $300 for 30,000 points.

11. How Much Are 50,000 Amex Points Worth?

Virgin Atlantic A330NEO Upper seat
50,000 Amex points can book you a seat in Virgin Atlantic Upper Class. Image Credit: Virgin Atlantic

50,000 Amex points are worth $1,100 based on our valuations of Amex points.

In fact, 50,000 Amex points are enough to book a one-way flight in Virgin Atlantic or Iberia business class to Europe. These tickets often retail for $2,000 or more!

You can also transfer 50,000 Amex points to book a night at a 5-star Hilton hotel like Oceana Santa Monica, LXR Hotels & Resorts, or Waldorf Astoria Orlando, which often sells for more than $1,000 per night.

When you use Pay With Points, 50,000 Amex points translates to a value $769 with a 35% airline bonus.

You can use 50,000 Amex points to get around $250 to $500 in gift cards, $300 in online shopping, $500 in other AmexTravel.com flights and Fine Hotels & Resorts bookings, $350 for other AmexTravel.com reservations, and $350 in Amazon.com or Best Buy purchases.

12. How Much Are 50,000 Amex Points Worth in Cash?

Unfortunately, one of the worst ways to use 50,000 Amex points is for statement credits.

This will get you a value of 0.6 cents per point or $300 for 50,000 Amex points.

13. How Much Are 60,000 Amex Points Worth?

By our valuations, 60,000 Amex points are worth $1,320.

With 60,000 Amex points, you can book a one-way business class flight to Europe, a round-trip economy ticket to Hawaii during the high season, and much more. You can even book ANA first class to Japan!

The redemption value you’ll get for luxury first class flights will be greater than $10,000 with 60,000 points, although this is definitely more the exception than the norm.

14. How Much Are 75,000 Amex Points Worth?

75,000 Amex points are worth $1,650 by our valuations of 2.2 cents each.

With 75,000 Amex points, you can get round-trip business class flights to Japan on ANA, a one-way business class flight to the Middle East or Africa on Qatar Airways, or a one-way business class flight to Australia on Qantas.

These flights can easily retail for $5,000 to $10,000, making it a huge value-add over our “conservative” valuations of $1,650.

15. How Much Are 100,000 Amex Points Worth?

100,000 Amex points are worth $2,200, according to our valuations of 2.2 cents each.

100,000 Amex points is enough for a round-trip business class flight to Europe, a one-way first class flight to Europe, or a round-trip business class flight to Asia.

The redemption value from these flights will vary heavily, but the ballpark amount is from $6,000 to $15,000.

Remember, you can always avoid the task of finding award availability and use 100,000 Amex points for around $1,538 (with the Amex Business Platinum card’s 35% airline bonus).

16. How Much Are 150,000 Amex Points Worth?

150,000 Amex points are worth $3,300 by our valuations.

With 150,000 Amex points, you can get a round-trip first class flight to Japan on ANA, a one-way first class ticket on Emirates to the Middle East, or a one-way first class flight on Lufthansa to South Africa.

Incredibly, these tickets can cost as much as $25,000, which makes your Amex points worth, literally, multiple times more than our valuations.

As a reminder, 150,000 Amex points redeemed through the Amex Business Platinum’s 35% airline bonus will be equivalent to $2,000 or $2,308 in eligible airfare booked through AmexTravel.com.

17. How Much Are 2 Million Amex Points Worth?

In short, 2 million Amex points are worth $44,000. However, you can honestly get some incredible value with 2 million Amex points.

For example, if you are diligent about finding award availability, you can book round-trip business class tickets to Europe for around 100,000 points per person. That’s 20 business class tickets to Europe for 2 million Amex points!

Also, these tickets are usually worth around $8,000 round-trip, which makes 2 million Amex points worth up to $160,000!

If you weren’t interested in award travel and had much less flexibility when using your points, your 2 million Amex points would be worth up to $30,769 when utilizing the Amex Business Platinum card’s 35% airline bonus.

18. How Many Amex Points Is a Dollar?

If you go by our valuations, 45 Amex points is a dollar of value. The more detailed answer is that it depends on how you use your Amex points.

If you use your points for gift cards, you will need 100 to 200 Amex points for a dollar.

If you use your points for statement credits/cash, you’ll need around 167 Amex points for a dollar.

If you use your points for merchandise, you’ll need 143 Amex points for a dollar.

If you use your points for eligible flights booked through AmexTravel.com, you’ll need 65 to 100 Amex points for a dollar, depending on which card you have.

If you use your points for other travel booked through AmexTravel.com, you’ll need 143 Amex points for a dollar.

If you transferred your points to airline or hotel partners, you’ll probably only need around 40 to 50 Amex points for a dollar.

19. How Many Amex Points Is $250?

If you happen to have the Amex Business Platinum card, you can use the airline bonus perk to get a 35% points rebate for eligible flights booked via AmexTravel.com.

This means it’ll cost 16,250 Amex points with a 35% airline bonus.

Alternatively, you can transfer 15,000 or so Amex points to Hilton properties at a 1:2 ratio to book a $250 hotel stay.

20. How Many Amex Points Is $500?

If you use your Amex points for eligible flights booked through AmexTravel.com with the airline bonus of up to 35%, you could redeem as few as 32,500 Amex points for $500 of value.

However, if you transfer 30,000 Amex points, you may be able to book a round-trip domestic flight worth $500.

You can also transfer around 30,000 to 40,000 Amex points to book a hotel stay worth $500.

21. How Many Amex Points Is $1,000?

Using the Pay With Points airline bonus of up to 35% on the Amex Business Platinum card, you’ll get $1,000 if you redeem 65,000 Amex points.

If you book a one-way business class flight from the West Coast to the East Coast on an airline like JetBlue Mint, Delta One, or American Airlines Flagship Business Class, you can easily get $1,000 in value. These flights can be booked for as few as 25,000 Amex points.

Additionally, if you transfer 50,000 Amex points to Hilton Honors, you can often book a $1,000 hotel night at Hilton properties like Waldorf Astoria Beverly Hills, Conrad Bora Bora Nui, or Waldorf Astoria Amsterdam.

22. How Many Amex Points Is a Flight to Europe?

If we assume that a flight to Europe will cost $1,000 round-trip in economy or $8,000 round-trip in business class, the Pay With Points rebate can get you these flights in economy for as few as 65,000 points or in business for as few as 520,000 points.

But if you have the know-how and time to search for award availability, round-trip business class tickets can be booked for less than 100,000 points round-trip.

Economy can be booked for as few as 40,000 points round-trip, too!

23. How Many Amex Points Is a First Class Flight?

It depends on where you’re flying first class. A first class flight from Seattle to Portland is going to be much cheaper than a first class flight from Dubai to New York.

A first class flight to Europe will start at around 150,000 Amex points round-trip, while a first class flight to the Middle East or Africa will probably be around 250,000 Amex points.

A first class flight to Japan can be booked for as few as 110,000 Amex points round-trip, and first class flights to the rest of Asia will likely cost over 150,000 Amex points round-trip.

First class isn’t usually offered on flights to South America.

24. What Can You Use Amex Points For?

Membership Rewards Amex
Image Credit: American Express

The universe of redemption options for Amex points is expansive. Here are the various ways you can use your Amex points (ranked from highest to lowest value):

  • Transfer to airline and hotel partners
  • Eligible airfare booked through AmexTravel.com with the Pay With Points airline bonus
  • All other airfare and Fine Hotels & Resorts stays booked through AmexTravel.com
  • All other travel booked through AmexTravel.com, including The Hotel Collection, car rentals, and more
  • Online shopping
  • Amazon.com
  • Best Buy
  • Statement credits
  • Gift cards

25. How Much Are Amex Points Worth in Cash?

Amex points are worth a flat 0.6 cents per point for statement credits, regardless of which card you have.

That means you’ll redeem 167 Amex points to get a dollar in statement credits.

26. How Much Are Amex Points Worth for Travel?

Amex points can be worth up to ~1.53 cents per point for travel.

If you have the Amex Business Platinum card and book eligible flights through the Pay With Points airline bonus, you can get up to 1.53 cents per point in value.

On all other bookings, though, including ineligible airfare, hotel bookings, and car rentals, you’ll usually get at most 1 cent per point.

That means you’ll redeem 65 to 100 Amex points to get a dollar in travel.

27. How Much Are Amex Points Worth for Flights?

Amex points can be worth more than 10 cents per point for flights if you book luxury award travel.

But if you book through AmexTravel.com, you’ll max out at around 1.53 cents per point for eligible flights. And that’s only achievable if you have the Amex Business Platinum card.

Otherwise, your Amex points are worth 1 cent per point for flights.

That means you’ll redeem anywhere from 10 to 100 Amex points to get a dollar in flights.

28. How Much Are Amex Points Worth at Best Buy?

Amex points, regardless of which card you have, are worth 0.7 cents per point at Best Buy.

That means you’ll need to redeem 143 Amex points to get a dollar at Best Buy.

29. How Much Are Amex Points Worth on Amazon?

Amex points, regardless of which card product you hold, are worth 0.7 cents per point at Amazon.

That means you’ll need to use 143 Amex points to get a dollar at Amazon.

30. How Much Are Amex Points Worth on Delta?

Amex Membership Rewards transfers to Delta at a 1:1 ratio. By transferring your points to Delta, you can then book flights on Delta or its partners for anywhere from 1 cent to 5 cents per point of value.

That means you’ll redeem anywhere from 20 to 100 Amex points to get a dollar on Delta.

31. How Much Are Amex Points Worth on Hotels?

If you use Amex points to book stays at Fine Hotels & Resorts, you will get a value of 1 cent per point.

If you use Amex points to book stays at The Hotel Collection or any other property, you’ll get a value of 0.7 cents per point.

That means you’ll need to redeem anywhere from 100 to 143 points to get a dollar on hotel stays.

32. Do Amex Points Expire?

As long as your Amex online account is open and in good standing, Amex Membership Rewards points will not expire.

In general, if you close 1 of your Membership Rewards cards, but you still have other cards that earn Membership Rewards points, you won’t lose your points.

But if you abuse Membership Rewards, Amex reserves the right to forfeit your points.

33. What Is the Best Value for Amex Points?

Amex points
Image Credit: American Express

In general, the best value for Amex points is to transfer them to airline and hotel partners.

Here are some of the best ways to use Amex points:

34. Are Amex or Chase Points Better?

We value Amex points at 2.2 cents per point, while Chase sits at 2 cents per point. Although it’s pretty close, we give the edge to Amex because of its impressive list of airline transfer partners.

Amex isn’t as lucrative for hotels as Chase is, but it’s still possible to get great value from certain Hilton properties when transferring at a 1:2 ratio.

Lastly, Amex is known for offering transfer bonuses frequently, making it easy to get even more value.

35. Are Amex Points or Cash-back Better?

It depends. Amex’s cash-back credit cards are generally lucrative in different categories, while cards that earn Amex points provide the highest overall return on your spending.

We give the nod to Amex points, although cash-back isn’t a bad way to go, either.

Hot Tip: Our favorite cash-back cards from Amex are the Blue Cash Preferred® Card from American Express and the Blue Cash Everyday® Card from American Express!

36. Are Amex Points or Capital One Miles Better?

Amex points are better than Capital One miles in most cases. The only worthwhile advantage that Capital One Miles has in terms of airline partners is Turkish Airlines Miles&Smiles.

Additionally, Capital One has a partnership with Wyndham Rewards that allows you to book Vacasa properties (similar to Airbnb) using points.

However, Amex has many more useful transfer partners, such as Delta SkyMiles, ANA Mileage Club, and Hilton Honors.

For this reason, we value Amex points at 2.2 cents each, compared to Capital One miles at 1.8 cents each.

37. Are Amex Points or Citi Points Better?

Amex points are significantly better than Citi ThankYou Points. We value Amex points at 2.2 cents each, compared to Citi ThankYou Points, which are valued at 1.6 cents each.

When you compare the 2 programs to each other, the only worthwhile airline partnership that Citi has over Amex is Turkish Airlines Miles&Smiles.

Citi also has a more lucrative transfer ratio with Choice Privileges of 1:2 compared to Amex’s 1:1 ratio.

But Amex has access to ANA Mileage Club, Air Canada Aeroplan, British Airways Executive Club, Delta SkyMiles, Hilton Honors, and even Marriott Bonvoy.

For this reason, Amex points are much better than Citi points for most people.

Final Thoughts

Amex Membership Rewards points are totally worth earning. With such a well-thought-out portfolio of credit cards and charge cards where you can rack up tons of points quickly, it’s more attractive than ever to focus on Amex Membership Rewards.

We peg Amex Membership Rewards points at 2.2 cents each, but you can actually get upwards of 10 cents per point when you redeem your rewards strategically.

Sure, there are some quirks about this program, like the relatively low redemption value for gift cards and statement credits, but the potential redemption value is enormous, particularly with airline and hotel partners.

We believe Amex points are slightly more valuable than Chase Ultimate Rewards points and significantly more valuable than Capital One miles and Citi ThankYou points.

The information regarding the American Express Cobalt® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

The information regarding the American Express® Green Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information for The Amex EveryDay® Credit Card has been independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the The Amex EveryDay® Preferred Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Business Green Rewards Card from American Express was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of The Platinum Card® from American Express, click here.
For rates and fees of the American Express® Business Gold Card, click here.
For rates and fees of the American Express® Gold Card, click here.
For rates and fees of The Blue Business® Plus Credit Card from American Express, click here.
For rates and fees of The Business Platinum Card® from American Express, click here.
For rates and fees of The Hilton Honors American Express Business Card, click here.
For rates and fees of the Hilton Honors American Express Card, click here.
For rates and fees of the Blue Cash Preferred® Card from American Express, click here.
For rates and fees of the Blue Cash Everyday® from American Express, click here.

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About Stephen Au

Stephen is an established voice in the credit card space, with over 70 to his name. His work has been in publications like The Washington Post, and his Au Points and Awards Consulting Services is used by hundreds of clients.

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