The American Categorical Membership Rewards program is among the hottest versatile bank card packages on the market, competing intently with Chase Final Rewards and the Citi ThankYou Rewards program. Bank cards that permit shoppers earn factors on this program stay in excessive demand, as a result of each the best way they allow you to rack up factors on common purchases and the flexibleness of those rewards.
Once you join an American Categorical bank card like The Platinum Card® from American Categorical, the American Categorical® Gold Card or The Blue Enterprise® Plus Credit score Card from American Categorical, your American Categorical factors are good for a number of redemption choices starting from present playing cards to assertion credit and even transfers to American Categorical airline and lodge companions.
Earlier than you apply for a card that earns factors inside the American Categorical Membership Rewards program, you may be questioning “Do American Express points expire?” We’ll reply this query and loads of others on this information, in addition to one of the simplest ways to make use of your factors for optimum value.
How lengthy do American Categorical factors final?
American Categorical Membership Rewards factors would not have an expiration date, however there are conditions the place you may forfeit your factors, which yow will discover in your bank card’s phrases and situations.
For instance, American Categorical notes of their card phrases that your bank card account may be canceled when you’re 90 days late making a cost in your card account. At that time, factors you’ve got earned “will be forfeited and taken away from the balance of your Points Account (this will result in a zero Points balance,” they write.
If American Categorical closes your account for every other cause, you may additionally lose all factors you haven’t had the possibility to redeem.
How a lot are American Categorical factors worth?
Belief us once we say that you just don’t wish to forfeit your American Categorical Membership Rewards factors earlier than you get an opportunity to make use of them. Every level you earn inside this program is worth roughly 2 cents in accordance with current valuations from The Factors Man, so these factors are significantly extra useful than many different rewards currencies you’ll be able to earn with a bank card.
Consider it this manner. If you happen to apply and are accredited for The Platinum Card® from American Categorical and earn the welcome bonus of 60,000 factors after you spend $5,000 inside three months of account opening, this one bonus is worth $1,200 by itself.
With that being stated, American Categorical factors are all the time worth lower than 2 cents every when you redeem them for non-travel choices like present playing cards or merchandise. For instance, you’ll be able to usually redeem for present playing cards at a price of 1 cent per level, whilst you’ll usually get .07 cents per level when you select the Pay with Factors at Checkout choice or .06 cents per level when you redeem factors for assertion credit.
What occurs to my American Categorical factors if I shut my account?
If you wish to shut a bank card that earns American Categorical Membership Rewards factors, it is best to be sure you have one other card that earns factors inside this program first. That’s as a result of, per American Categorical phrases and situations, you’ll forfeit your unused American Categorical factors when you shut your card account and also you don’t have one other bank card that earns the identical sort of rewards.
For that cause, many shoppers apply for an American Categorical Membership Rewards card with no annual charge earlier than closing a luxurious card account like The Platinum Card® from American Categorical. If you happen to open The Blue Enterprise® Plus Credit score Card from American Categorical or the Amex EveryDay® Credit score Card from American Categorical first, each of which don’t cost an annual charge, then you’ll be able to preserve your factors steadiness after closing your different bank card account.
The details about the Amex EveryDay Credit score Card from American Categorical has been collected independently by Fintech Zoom.com. The cardboard particulars haven’t been reviewed or accredited by the cardboard issuer.
What’s one of the simplest ways to make use of my American Categorical factors?
There is no such thing as a “right” or “wrong” means to make use of American Categorical Membership Rewards factors, however you may get extra value to your rewards when you use American Categorical switch companions and redeem your rewards for journey. Switch companions embody:
- Aer Lingus
- Air Canada (Aeroplan)
- Air France / Flying Blue
- Asia Miles
- British Airways
- Delta SkyMiles
- El Al Israel Airways
- Etihad Airways
- Hawaiian Airways
- JetBlue Airways
- Singapore Airways
- Virgin Atlantic
- Selection Privileges Rewards
- Hilton Honors
- Marriott Bonvoy
Most companions allow you to switch Amex factors to your account at a 1,000:1,000 ratio, however there are some exceptions. Both means, Amex switch companions provide the chance to get probably the most bang to your buck, and that’s very true while you switch factors to airways for flights in premium cabins.
Can I exploit Amex factors to pay my invoice?
You can’t use American Categorical Membership Rewards factors to pay your bank card invoice. Nonetheless, you’ll be able to redeem factors to cowl purchases made to your account so long as you’ve got not less than 1,000 factors, your card account shouldn’t be late or in returned cost standing and you’re a client or enterprise cardmember.
To make use of your factors to cowl fees, the costs should have occurred in the USA or inside a U.S. territory, and the cost should seem on-line or in your present bank card assertion. You may solely redeem factors for fees which are not less than $1, and the cost you wish to cowl with factors can’t be one you disputed previously.