What Amex Membership Rewards Are Worth (September 2026)

Cash floor: 0.6¢ — Statement credit, the easy exit

Issuer travel portal: 1.0¢ · Transfer target: 1.7¢ · Peak: 4.0¢

Why we use 1.7¢

The airline partner list is the deepest of the four, and ordinary partner economy and business awards land near 1.7¢ without hunting for a rare seat.

Where owners lose value

The statement-credit rate is 0.6¢. Cashing out 150,000 points returns about $900 when a routine transfer is worth roughly $2,550 — a $1,650 decision made by clicking the easier button.

Where the peak number comes from

Business cards that earn Amex Membership Rewards

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