American Express MR

[Np1791]

Anybody know what these points are worth in a direct cash for purchases? so If I redeem 15,000 points on purchases made.

[Anonymous]

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@Np1791 wrote:

Anybody know what these points are worth in a direct cash for purchases? so If I redeem 15,000 points on purchases made.

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$.01.  ----> $150.00. Certainly not the optimal way to redeem MR points.  

[redpat]

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@Anonymous wrote:

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@Np1791 wrote:

Anybody know what these points are worth in a direct cash for purchases? so If I redeem 15,000 points on purchases made.

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$.01.  ----> $150.00. Certainly not the optimal way to redeem MR points.  

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Irish, isn't the MR points worth $90?  $150x.60 for cash redemptions I thought.

[Anonymous]

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@redpat wrote:

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@Anonymous wrote:

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@Np1791 wrote:

Anybody know what these points are worth in a direct cash for purchases? so If I redeem 15,000 points on purchases made.

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$.01.  ----> $150.00. Certainly not the optimal way to redeem MR points.  

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Irish, isn't the MR points worth $90?  $150x.60 for cash redemptions I thought.

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You are correct. Redemptions to cover charges are $.006. They do occasionally have promotions to get giftcards for .01 or more. My everyday preferred allows me to get 20% bonus on gift card purchases through May I believe. If you have the Schwab Platinum you could redeem for $187.50

[K-in-Boston]

I believe using points with Best Buy, Amazon and Newegg (there may be others) is still $0.007 per MR. Marginally better than statement credit at $0.006, but not much. Best redemption value will always be with travel partners, and you may be able to get better than $0.01 per MR with the Amex Travel portal. Even on Delta, 15k MRs transferred to SkyMiles should be enough for the majority of Main Cabin domestic one-ways.

[wasCB14]

0.7 cpp for Amazon (various promos may improve this a little)

0.5 cpp for Amex gift cards

0.6 cpp for "Cover your card charges"

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@K-in-Boston wrote:
I believe using points with Best Buy, Amazon and Newegg (there may be others) is still $0.007 per MR. Marginally better than statement credit at $0.006, but not much. Best redemption value will always be with travel partners, and you may be able to get better than $0.01 per MR with the Amex Travel portal. Even on Delta, 15k MRs transferred to SkyMiles should be enough for the majority of Main Cabin domestic one-ways.

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...assuming some combination of luck and flexibility.

[Anonymous]

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@redpat wrote:

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@Anonymous wrote:

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@Np1791 wrote:

Anybody know what these points are worth in a direct cash for purchases? so If I redeem 15,000 points on purchases made.

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$.01.  ----> $150.00. Certainly not the optimal way to redeem MR points.  

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Irish, isn't the MR points worth $90?  $150x.60 for cash redemptions I thought.

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Correct, my mistake

[AverageJoesCredit]

AMEX MR = MATH REWARDS

[601flyguy]

Those MR points I tell ya lol. I let mine pile up, buy GCs that are on sale, then I sell them. I usually get more than .01 by waiting until they have a GC sale.

[K-in-Boston]

I want to start a petition for Amex to allow MR transfers to strangers so that I can buy points from the "penny or less" crowd.