To the point
From May 17 to May 30, 2021, you'll be able to use fewer points when shopping at Amazon.ca or getting prepaid cards.
The American Express Membership Rewards program is running a promotion from May 17 to May 30, 2021 to redeem your points:
- For prepaid cards
- For purchases on amazon.ca
Fewer points for prepaid cards
For a limited time, you can redeem fewer points for prepaid cards:
| Prepaid Card | Regular | Promo |
| $25 | 3,125 points | 2,500 points |
| $50 | 6,250 points | 5,000 points |
| $100 | 12,500 points | 10,000 points |
| $200 | 25,000 points | 20,000 points |
| $500 | 62,500 points | 50,000 points |
| $1,000 | 125,000 points | 100,000 points |
These are American Express prepaid cards.
For example, if you have earned 50,000 points with the American Express Cobalt™ Card in the past few months, you could redeem them for a $500 prepaid card.
Conclusion
In both cases, the redemption rate is the same as what you would get by using your points for travel purchases made with your Card: 1 cent per point.
However, this is less than you could get by transferring your points to a program like Marriott Bonvoy (or Aeroplan for eligible cards).
But at a time when travel is scarce, one of these two options may be of interest to you! Here are the eligible American Express cards:
