New: AMEX Membership Rewards Points to Pay at Bestbuy.com

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

New: AMEX Membership Rewards Points to Pay at Bestbuy.com

Million Mile SecretsNew: AMEX Membership Rewards Points to Pay at Bestbuy.comMillion Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

New AMEX Membership Rewards Points To Pay At Bestbuy.com
Starting Today, You Can Use AMEX Membership Rewards Points at Bestbuy.com to Pay for All or Part of Your Purchase – but It’s NOT a Good Idea!

There’s a new way to use your American Express Membership Rewards points.  But it’s NOT a good deal.

Starting today, July 30, 2015, folks can use their AMEX Membership Rewards points to pay for purchases at Bestbuy.com.

You can use points to pay for all or part of your purchase by entering your American Express card number at checkout.

While this is a convenient way to use American Express Membership Rewards points, it’s a very poor value.  I’ll explain!

How Does It Work?

Link:   American Express & Best Buy Press Release

Link:   American Express Membership Rewards

Link:   Bestbuy.com Pay With Points

You can use American Express Membership Rewards points to pay for all or part of your Bestbuy.com purchase.

To pay with points, enter your eligible American Express card number at checkout.  Or use a stored AMEX card from your Bestbuy.com account.

Cards that earn AMEX Membership Rewards points include:

Personal CardsBusiness Cards
Premier Rewards Gold Card From American ExpressThe Business Gold Rewards Card from American Express OPEN
The Platinum Card® from American ExpressThe Blue Business℠ Plus Credit Card from American Express
Amex EveryDay® Preferred Credit CardThe Business Platinum® Card from American Express OPEN
AMEX EveryDay® Credit Card from American Express


Business Green Rewards Card from American Express OPEN

Once your card is entered or selected, you’ll have an option to view your points balance.

New AMEX Membership Rewards Points To Pay At Bestbuy.com
Click “See Points Balance” to See How Many Points You Have Available

You’ll see the number of points in your card account, and have the option to pay for all or part of your purchase with points.

New AMEX Membership Rewards Points To Pay At Bestbuy.com
You Can Use Points to Pay for Your Entire Purchase, or Part of It

Your card will be charged for the full amount, and you’ll get a statement credit in ~2 days for the value of the points you redeem.

But your points are only worth ~0.7 cents each when used this way.  That’s a terrible deal.

New AMEX Membership Rewards Points To Pay At Bestbuy.com
I Hope She’s Thinking of ALL the Better Ways to Use Her AMEX Membership Rewards Points!

For example, American Express Membership Rewards points are worth more when you use them for:

New AMEX Membership Rewards Points To Pay At Bestbuy.com
Get More From Your AMEX Membership Rewards Points When You Use Them to Pay for Flights Through American Express Travel

And you’ll usually get the best deal by transferring your points to airline and hotel partners, like Delta, Air Canada, or Hilton.

New AMEX Membership Rewards Points To Pay At Bestbuy.com
The Best Way to Use AMEX Membership Rewards Points Is Transferring Them to Airline and Hotel Partners for Big Travel

For example, you could transfer 25,000 AMEX Membership Rewards points to Delta or Air Canada.  That’s enough for a round-trip coach ticket within the continental US or Canada.

Depending on the route, a flight could be worth $500 or more!

New AMEX Membership Rewards Points To Pay At Bestbuy.com
I’d Rather Take a Flight Than Spend My Points at Bestbuy.com!

The same 25,000 American Express Membership Rewards points are worth ~$175 if you use them at Bestbuy.com.

I’d much rather use my points for Big Travel with Small Money!

That said, if you have no other use for your points, or have a small points balance you want to get rid of, this is a quick and convenient way to dispose of them!

Note:   You can still shop through a shopping portal to earn bonus points or cash back, or use promotion codes and coupons for discounts.  Paying with AMEX Membership Rewards points makes no difference.

Remember, you can save $25 on a $250+ Best Buy purchase with AMEX Offers until September 30, 2015.

Bottom Line

Starting today, June 30, 2015, you can use American Express Membership Rewards points to pay for part or all of your purchases at Bestbuy.com.

But this is NOT a good deal!  Your points are only worth ~0.7 cents each when used this way.  You’ll get more value by using points towards airfare at American Express Travel, for Uber rides, or for gift cards.

And the best way to use AMEX Membership Rewards points is to transfer them to airline and hotel partners for Big Travel!

What’s your favorite way to use American Express Membership Rewards points?

If you liked this post, why don’t you join the 25,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!

2comments

by Newest
by Best by Newest by Oldest

First of all I want to say wonderful blog! I had a quick question which I’d like to ask

if you do not mind. I was interested to find out how you center yourself and clear your head

before writing. I have had a hard time clearing my mind in getting my ideas out there.

I do take pleasure in writing but it just seems like the first 10 to 15 minutes tend to be wasted just trying to figure out how to begin.

Any suggestions or tips? Thanks!


Starting Today, You Can Use AMEX Membership Rewards Points at Bestbuy.com to Pay for All or Part of Your Purchase – but It’s NOT a Good Idea”
I disagree, look at http://www.forbes.com/sites/larrydownes/2012/01/02/why-best-buy-is-going-out-of-business-gradually/

Vertie