Usually it's not worth it to redeem your reward points for gift cards through the credit card company. If you do this with the American Express membership rewards program you probably are only going to get around 1/2 the value depending on the gift card issuer. It's an even worse deal for buying products with the points because you get totally ripped off. Some of the gift cards though they offer like the Home Depot, Bloomingdales, etc do equal 1 for 1 so those are good but just be careful with the others. Some of the best credit card deals offer higher rewards when you redeem for gift cards but many others do not. Today when I was redeeming some points I noticed this on probably half the gift cards giving less than 1 for 1, especially the Amex gift cards which are basically cash. Those only equal 0.5 for 1 so it's like only getting 1/2% cashback.


LinkBack URL
About LinkBacks




Reply With Quote


