The points you earn translate into a rewards rate of approximately 1% on general spending, 2% on air and foreign currency purchases and 3% on American Express Travel arrangements at a bare minimum if you redeem points for gift cards. Cardholders may extract value of up to £0.02 or more by redeeming for flights, hotels and cars.
They're worth a minimum of 0.5p because that's the value you get for exchanging points for gift cards-that's the closest to a "cash value" you'll get. Membership Rewards points are worth roughly £0.005 to £0.02 apiece. How much can you earn in rewards? Cardholders earn 1, 2 or 3 Membership Rewards points per £1 of spend.
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It's most suited to bigger spenders, those who pay their balance in full each month and frequent travellers. In our view, the Preferred Rewards Gold Credit Card is the most rewarding of American Express's Membership Rewards charge cards. The Preferred Rewards Gold Credit Card by American Express Review Comparing the Preferred Rewards Gold Credit Card to Other Credit Cards.Preferred Rewards Gold Credit Card Features.Preferred Rewards Gold Credit Card by American Express: Our Thoughts.
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