What is the value of American Express points for shopping?

When applied to earn account credit on purchases, American Express Membership Rewards points are generally worth 1 cent per point, or 1000 points = $10. This value is lower than the one we can get for travel, which can reach 2 cents or more per point.

Can I use my American Express points at Amazon?

Yes, you can link your American Express account to Amazon.ca to use your points at checkout, but that's not the most advantageous way to use your points. The conversion rate on Amazon is 1,000 points = $7, whereas if you wait to use your Membership Rewards points to obtain a Statement credit on the same purchase, you'll get a conversion rate of 1,000 points = $10, a more advantageous option.

What are the best ways to use American Express points?

American Express Membership Rewards points offer the best value when transferred to partner travel programs such as Aeroplan, Marriott Bonvoy, Hilton Honors Flying Blue or others, and then used for more than 1 cent per point. For purchases, give preference to statement discounts over using them on Amazon.