American Categorical has simply rolled out a brand new promotion out there on its suite of Canadian-issued Membership Rewards bank cards.
From now till September 27, 2023, you may earn 25% Membership Rewards factors again on eligible redemptions with Use Factors for Purchases, Air Canada Pay with Factors, and the Versatile Factors Journey Program.
Earn 25% Membership Rewards Factors Again on Redemptions
American Categorical has rolled out a brand new promotion for eligible Membership Rewards redemptions.
Between August 30, 2023, and September 27, 2023, you’ll earn 25% Membership Rewards factors again, as much as 10,000 factors, while you make an eligible redemption by Use Factors for Purchases, Air Canada Pay with Factors, and the Versatile Factors Journey Program.
For instance, for those who redeem 10,000 MR factors on an eligible Use Factors for Purchases redemption, you’ll get 2,500 factors again. Likewise, for an eligible redemption of 20,000 factors, you’ll get 5,000 factors again, and for 40,000 factors, you’ll get 10,000 factors again.
There’s a most mixed whole of 40,000 Membership Rewards factors which are eligible for the 25% factors again supply, which implies that you could make separate redemptions of as much as a cumulative whole of 40,000 factors, and the utmost variety of factors you may obtain again from this promotion is 10,000 MR factors.
There’s no must register for the supply; nevertheless, for those who didn’t obtain a communication from American Categorical about this promotion, you received’t be eligible for any factors again, as per the phrases and circumstances.
Nonetheless, we’ve acquired studies of the supply being despatched out broadly to eligible Membership Rewards cardholders.
If you happen to make a redemption of greater than 40,000 factors with this supply, you’ll nonetheless solely earn 10,000 bonus factors, because the 25% bonus solely applies to as much as 40,000 factors redeemed.
The bonus factors might be deposited into your account inside 90 days of the top of the promotion, which might be on or earlier than December 27, 2023.
As a reminder, the next Canadian-issued Amex playing cards earn Membership Rewards factors:
American Categorical Membership Rewards Playing cards
| Credit score Card | Finest Supply | Worth | |
|---|---|---|---|
|
100,000 MR factors $499 annual price |
100,000 MR factors | $1,976 |
Apply Now |
|
70,000 MR factors $250 annual price |
70,000 MR factors | $1,654 |
Apply Now |
|
90,000 MR factors $699 annual price |
90,000 MR factors | $1,646 |
Apply Now |
|
75,000 MR factors $199 annual price |
75,000 MR factors | $1,561 |
Apply Now |
|
As much as 77,000 MR factors $99 annual price |
As much as 77,000 MR factors | $1,419 |
Apply Now |
|
30,000 MR factors $156 annual price |
30,000 MR factors | $636 |
Apply Now |
|
12,500 MR factors $0 annual price |
12,500 MR factors | $301 |
Apply Now |
Ought to You Redeem MR Factors for a Assertion Credit score?
Previous to analyzing whether or not this can be a whole lot or not, we should always first briefly go over the three totally different redemption strategies legitimate for this promotion.
With Use Factors for Purchases, you may redeem American Categorical Membership Rewards factors at a price of 1,000 factors = $10 (all figures in CAD) as a press release credit score towards any buy charged to your account.
With the Air Canada Pay with Factors characteristic, you may put Amex MR factors in direction of the price of a flight on the identical price of 1,000 MR factors = $10 in direction of an Air Canada flight.
On the Air Canada web site’s checkout display screen, for those who enter in an eligible American Categorical card because the type of fee, the Pay with Factors characteristic will seem beneath the fee strategies.
After clicking “Examine factors steadiness”, you’ll be prompted to check in to your account, after which you may select the quantity of factors you’d like to use to your reserving, if any. If you happen to select to redeem factors this fashion, you’ll obtain a press release credit score from American Categorical just a few days after the reserving is accomplished.
The final possibility out there with this promotion is the Versatile Factors Journey Program, which is offered by the Amex Journey portal.
When you’ve chosen a journey reserving, you’re in a position to apply factors towards the full, as soon as once more at a price of 1,000 MR factors = $10 as a press release credit score.
In all three instances, the usual redemption price is 1,000 MR factors = $10, or 1 cent per level (cpp).
Beneath this promotion, the worth of every MR level redeemed in any of the three strategies is boosted to 1.33 cents per level for as much as 40,000 factors redeemed. In different phrases, you’re getting 33% extra worth from some of these redemptions than you’ll outdoors this promotion.
For instance, for those who redeem 40,000 factors for a press release credit score of $400, after which get 10,000 factors again, you’d have successfully redeemed 30,000 factors for $400 of worth.
If you happen to are inclined to redeem factors for a press release credit score, then this promotion may be invaluable to you, because you’re getting rather more worth out of your factors than you in any other case would.
Some folks apply Amex MR factors as a press release credit score towards money flight bookings, since these rely in direction of incomes standing with airways.
However, we worth Amex MR factors at 2.2 cents per level, provided that it’s very a lot attainable to squeeze extra worth by transferring them to different loyalty packages.
For instance, suppose you’d wish to fly in Air Canada premium financial system from Toronto to Vancouver.
The money price of flight AC125 on this date is $925, which might require 92,500 Amex MR factors at the usual price, or a web price of 82,500 Amex MR factors with the ten,000 factors again from this supply.
Nonetheless, to e book that very same flight by Aeroplan, it’d solely price 17,500 Aeroplan factors, which can also be 17,500 Amex MR factors, because the switch ratio is 1:1.
Due to this fact, you’re saving roughly 65,000 Amex MR factors by transferring the factors into Aeroplan and reserving the identical flight.
If we had been to transform the worth of the flight into the redemption price, it really works out to round 5.1 cents per level with the taxes and charges on the Aeroplan redemption accounted for.
On this identical flight, for those who had been to e book the bottom financial system fare, it’d price 28,800 Amex MR factors, or a web whole of round 21,600 MR factors with the 25% factors again from this promotion.
If you happen to had been to switch MR factors to Aeroplan and e book the bottom financial system fare, it’d solely price 10,500 Aeroplan factors, which is equal to 10,500 Amex MR factors.
The worth from reserving the financial system flight with Aeroplan factors works out to round 2.29 cents per level, which remains to be greater than the worth by the supply.
It goes to indicate that you could typically get higher worth out of your factors by transferring them out to different loyalty packages, reasonably than redeeming them for a press release credit score.
Conclusion
American Categorical has launched a brand new promotion on its suite of Membership Rewards bank cards.
Between August 30, 2023, and September 27, 2023, you may earn a bonus of as much as 10,000 MR factors while you make an eligible redemption with the Use Factors for Purchases, Air Canada Pay with Factors, or Versatile Factors Journey Program options.
In the course of the promotion, the baseline worth of your MR factors is successfully elevated from 1 cent per level to 1.33 cents per level, on as much as 40,000 factors redeemed.
If you happen to are inclined to redeem MR factors for a press release credit score, this promotion can present some additional worth. Nonetheless, it’s necessary to notice that you simply might be able to get extra worth out of your factors by transferring them out to different loyalty packages as an alternative.
