- Gold Member
- Posts: 32
- Joined: Mon Jan 17, 2011 12:26 pm
- Location: San Antonio, TX
That's strange, because from what I can tell, the Amex Green is part of the Membership Rewards program which would have the redemption options I listed in my last post (5,000 pts for $25 Amex GC). If you have any stores that you visit frequently, it would be much better to redeem for their gift cards (2,500 pts for $25 GC), so check that link I posted to see if there are any stores you'd want.
What do you mean by a "bank card?"
I think some of the confusion is surrounding American Express. When you talk about Visa and Mastercard, they are payment companies, which are used by banks (Citi, Chase, Cap One, etc) to process their credit cards. Discover and American Express serve as both the bank and the payment company (although there are some Amex cards through other banks as well).
Anyways, all banks have different cards with different redemption options. Even within American Express they have the cards that use Membership Rewards points like the Green and the other two you mentioned, and then they also have the cashback cards, like Blue Cash, which get you a straight up 1% or 3% or whatever cashback with no need to redeem for gift cards or anything, you just get the money back on your statement when you hit a certain level.
Citi, Capital One, Chase and all the others typically offer both varieties as well, for either points or cashback. A lot of the points cards will have redemption options like 3,500 pts for a $25 GC, but that's to entice you to go for higher levels (perhaps they have 10,000 pts for $100 GC) or to redeem for merchandise/travel/etc.