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Old Mar 26, 2010 | 7:28 am
  #4  
mia
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
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Join Date: Jun 2003
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Welcome to Flyertalk.

As you have discovered, redeeming Membership Rewards point for merchandise is typically poor value.

I can get gift cards for 10 to 1
I think you mean 100:1. A $10 merchant giftcard requires 1,000 points.

In general, Membership Rewards points are worth:
  • $0.005 (200:1) if redeemed for American Express giftcards, travelers' cheques, or statement credit.
  • $0.01 (100:1) if redeemed for merchant giftcards.
  • $0.02+ ( 50:1) if transferred to airline frequent flyer program -and- subsequently
    redeemed for high value tickets (business or first class).

Is this the item you are considering? Amazon is offering it for $321.26 / 56,500 points = $0.0057 per point.

http://www.membershiprewards.com/cat...tail&aid=82436
mia is offline