Best way to utilize your american express card ...

Best way to utilize your american express card reward points

Score: 2 Votes: 2
Score: 2 Votes: 2
Heavyball2 med 1
Deal Cadet
0
84
326
35

What are some most efficient ways to utilize your reward points?
I think using points as cash is not efficient. I do not like their rewards which are present at their site.

  • In
5 Comments  |  
3 Dimers
Missing
Deal Lieutenant
7
98
3592
33

Statement credit is best at 18000/24000 points for gold card.

Heavyball2 med 1
Deal Cadet
0
84
326
35
@disclaimer wrote:

Statement credit is best at 18000/24000 points for gold card.


1. A credit to Cardmember’s Card Account as a result of using this redemption option does not constitute a payment to such Card Account and does not satisfy the requirement for payment. Cardmember must still make a separate payment of the payment due amount in accordance with the Cardmember Agreement and Card Account statement

5. If Cardmember has an American Express Banking Corp. issued Card in which Cardmember earns points, a credit to Cardmember’s Card Account as a result of using this redemption reward does not constitute a payment to such Card Account

.
.
.

What does this mean? This cant be used to pay the card due? What is the credit used for then?

Missing
Deal Lieutenant
7
98
3592
33
@dragonball wrote:

@disclaimer wrote:

Statement credit is best at 18000/24000 points for gold card.


1. A credit to Cardmember’s Card Account as a result of using this redemption option does not constitute a payment to such Card Account and does not satisfy the requirement for payment. Cardmember must still make a separate payment of the payment due amount in accordance with the Cardmember Agreement and Card Account statement

5. If Cardmember has an American Express Banking Corp. issued Card in which Cardmember earns points, a credit to Cardmember’s Card Account as a result of using this redemption reward does not constitute a payment to such Card Account

.
.
.

What does this mean? This cant be used to pay the card due? What is the credit used for then?


Will be adjusted in next statement, not the current one that has already been generated before you request for redemption.

Missing
Deal Lieutenant
7
98
3592
33

Forgot to mention that other banks also have similar terms and conditions for adjusting points against statement credit against card outstanding.

Draw
Deal Colonel
10
1,179
51982
1042
@disclaimer wrote:

@dragonball wrote:

@disclaimer wrote:

Statement credit is best at 18000/24000 points for gold card.


1. A credit to Cardmember’s Card Account as a result of using this redemption option does not constitute a payment to such Card Account and does not satisfy the requirement for payment. Cardmember must still make a separate payment of the payment due amount in accordance with the Cardmember Agreement and Card Account statement

5. If Cardmember has an American Express Banking Corp. issued Card in which Cardmember earns points, a credit to Cardmember’s Card Account as a result of using this redemption reward does not constitute a payment to such Card Account

.
.
.

What does this mean? This cant be used to pay the card due? What is the credit used for then?


Will be adjusted in next statement, not the current one that has already been generated before you request for redemption.


You can chk the current dues in online statement enquiry.

Missing