Check your American Express Membership Rewards account for the following deal:
- Get a 20% discount on select gift card redemptions. Brands include:
- Panera Bread
- Bath & Body Works
- California Pizza Kitchen
- Under Armour
- Ruth’s Chris Steakhouse
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