AMEX Membership Rewards is one of the best rewards programs available for members of the card companies. These cards offer cash rebates on the purchases you make at their pharmacies and on the services you use. There are also air miles associated with these cards. But, there are lots of disadvantages associated with these cards.
The biggest disadvantage of amex membership rewards is that it does not allow you to redeem your points towards air travel. You can only redeem your points for merchandise at a participating store. If you are lucky enough to get yourself an air mile card, then you will be able to redeem it towards a flight to Paris. However, you cannot redeem your points towards other destinations because they do not cover non-participating stores. It may seem difficult to redeem your points if you only have air miles to use. But, once you learn how to redeem your points, then you will find this program very useful.
The other major disadvantage of this program is that it does not allow you to transfer your points from different airlines to this program. It is not impossible however. You can transfer your points from other credit card companies that offer rewards such as Visa and MasterCard. If you have a lot of these points in your hands, you can use them together with the cash back cards from American Express, Discover and Chase to save some money on your travel expenses. On the other hand, if you only have twenty or thirty dollars worth of reward points, you will not be able to earn any significant amount of money.
You should consider checking whether you can take advantage of discounts when it comes to hotels, car rentals and other attractions included in the membership deals. Most of the time, the discount is not applicable to all the travel portals, which means that you might need to go through some restrictions before you can benefit from the discounts. This restriction may be found in the fine print of the contracts. It is therefore important to read through all the information provided in the fine print before signing up for an Amex Membership Rewards program.
Another disadvantage of this airline rewards program is that you will be required to pay a recurring fee every year. If you do not mind paying a few extra dollars every year, then you can get more benefits. On the other hand, if you are happy with paying fees for as long as you have enough points, you will have little competition among the offers of other cards in the same category. The points have been upgraded from original memberships so you will get better benefits. However, the upgrade will only be effective if you have enough loyalty points and not necessarily if you have paid regular annual fees.
If you do intend to use the points to redeem discounts on your purchases, you can use them for making purchases at selected retail outlets. On the other hand, you should check the terms and conditions of the cards to know if there are any additional fees or charges for using points to redeem discounts. There are some cards that require you to pay an application or membership fee for using points for purchases. These cards may also have restrictions on the amount of points that can be used for shopping.
American Express Membership Rewards Program Review – amex membership rewards | amex membership rewards
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