“What do I do with my Amex points now?”
This question has been coming up alot lately and I am talking about Canadian Amex MR points specifically. (US points are similar but have different ratios and partners)
Let’s say you are like many of my friends and pick up the Amex Business Gold Rewards Card and spend the $5000 in 3 months to pick up a total bonus of 40,000 points plus the 5000 in spend(at least) for a total of 45,000 MR points.
Well, worse case scenario is $.01 per point or those points are worth a $450.00 credit on statement. It doesn’t have to be travel related anymore – just a credit or “erase” of purchase.
But you don’t want worse case! Worse case is easiest though and I know many people opt for this choice.
Actually, the gift cards for travel are actually worse case, so don’t fall for that one!
Where you get true value is converting those points to Hotel or Airline points.
So I ask my friends, “what would you rather have – free flights or free hotel nights?”
If the answer is “both, obviously” you better pick up a couple more travel credit cards.
But really as Canadians what it comes down to is converting to Avios, Aeroplan or SPG.
I have done years of research on this now and go ahead and google “best uses of Amex points Canada”
- Convert 1:1 Amex points to either British Airways Avios or Aeroplan giving you 45,000 Avios or Aeroplan points worth roughly $.02 each or about $900 in flights.
- Convert 1:0.5 amex points to SPG points giving you 22,500 SPG points or 67,500 Marriott points. That can be worth anywhere from $500 to $1400 in hotel stays.
Well, what does that mean?
Well, what do you want?
It’s not really that many points but 45,000 Avios can get you 3 medium haul flights for just the taxes (usually about $14) Check our Avios page on that but a couple of examples are Detroit to NYC or Philadelphia or Charlotte or even as far as Dallas.
That’s pretty good.
It can also get you 3 short haul flights on Aeroplan plus the taxes (usually $100-$175)
I’ve never been a fan of Aeroplan just for that reason – taxes on their flights.
It can also get you anywhere from 1-7 free hotel nights in the SPG/Marriott chain – depending on the category of hotel.
So, when you start collecting these points give that some thought – “do I want flights/hotels or both?”
And always remember, you can refer people and pick up extra Amex points for yourself as well.