Consumer Payment Card News

Easy Points

Credit card issuers are beginning to pump more value into their credit card reward programs. This week American Express has jazzed-up its “Membership Rewards” with two new features, one enabling cardholders to redeem points for “everyday” type charges and the other for “special,” frequently changing redemptions. The “everyday” redemptions start at 1,000 points and may be used for groceries, gas, electric, phone, bills, office supplies, transit, mailing/shipping bills, etc. Cardholders can redeem by clicking on the “Use Points for Everyday Charges” link on their online statement. The new “Membership Rewards Specials” program offers limited time or limited supplies great deals. For example, 50% more transferred points to Starpoints through September 22nd and 40% when they redeem for a Garmin “nuvi 550,” while supplies last. AmEx also added new program partners to the “Membership Rewards” including Zappos.com, Chili’s Grill & Bar, Maggiano’s Little Italy and Bonefish Grill. For more information visit: membershiprewards.com/everydaycharges

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