[Targeted] American Express Membership Rewards 20% Discount On Select Giftcard Redemptions (Apple, Gap, Saks, Delta, Panera & More)

The Offer

Check your American Express Membership Rewards account for the following deal:

  • Get a 20% discount on select gift card redemptions. Brands include:
    • Apple
    • Panera Bread
    • Delta
    • Athleta
    • Gap
    • Saks
    • Bath & Body Works
    • 1800flowers
    • California Pizza Kitchen
    • Under Armour
    • Ruth’s Chris Steakhouse

Our Verdict

This offer might be showing for everyone. Targeted offer. On many brands, the typical redemption rate is 1:1 and now you get 1.25 cents per 100 points. With Apple and Delta gift cards the typical redemption rate is less than 1 cent per point, and now – with the discount – the rate is slightly better than 1 cent per point (something like 1.05 for Apple and .90 for Delta).

I can see people who don’t travel a lot or who have too many MR points finding this deal useful.

Hat tip to reader T

Source: doctorofcredit.com