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How to use your Membership Rewards Points at a flexible rate of 1.5 cents/point?
Membership Rewards (also known as MR) Provided by American Express is one of the major rewards systems that allow you earn rewards points through daily spending and use for different kind of products.
In the past, we have talked about that, in general, Membership Rewards points are worth an estimated value of 0.8 cents/point – 1.0 cent/point if you choose to redeem them into statement credits, gift cards and etc. For frequent flyers who have some knowledge about airline miles or hotel loyalty programs, they might easily redeem your MR points at 2.0 cents/point or more. While not all of us have the understanding, time, or patient to use miles or points for travel. Is there any chance we could use the Membership Rewards points not only in a higher value, but also in an easier way? Transfer your MR points into Plenti points might be your options.
Plenti is an online merchant which contains partnership with many different merchants such as Macy’s, Exxon, At&t. Learn more about plenti here>> You can earn Plenti points from these merchants and use the points you earned to redeem for purchase at these merchants. The redeem rate for Plenti points is pretty simple that 1000 points can get you at least $10, which means the value is 1cent/point.
Let’s see how it works if you want to use your plenti points in Macy’s.
As you can see, when you get into the shopping bag, the Plenti option is on the left bottom of the page. All you need to do is type in your Plenti membership number or the phone number that linked with your Plenti account, and then press checkout bottom.
At the very bottom of detailed page which you need to fill in your shipping and billing information, you will see how many Plenti points you could use if you currently hold some balance. Then you could decide whether or not you would like to use your points for this transaction.
Currently, the American Express is running a promotion with Plenti that allows you get 50% more Plenti points when you transfer Membership Rewards points through 12/31/2016. Under this promotion, you can transfer 500 Membership Rewards into 750 Plenti points, which means basically you will get a 1.5 cents/points redemption if you convert Membership Rewards points into Plenti points.
Would you prefer to use your Membership Rewards in a simply but high value way like transferring into Plenti points? How would you use your Membership reward points? Share your opinions.
If you have some interest about Amercian Express Membership Rewards, you can take advantage of the these American Express Cards which can help you earn Membership Rewards points easier. Check out here>>