Pay with Points is $0.01 for Green and Gold accounts, $0.0125 for Platinum and Centurion because American Express refunds 20% of the points.
Is this only for airfare? Because when I tried to book other travel...like hotels and a cruise, I wasn't getting $. 01... I was getting $.0075.
After I applied and started to use my MR points I was very disappointed! Switched over from SPG Am Ex and remember reading that I could use my MR points and transfer them to SPG and to other airlines.
Imagine my surprise when I realized I could only get 333 SPG points per 1000...and also to find out United/Continental were going away!
I need to burn through 66K MR points before I cancel in a few months. I plan to go back to my SPG card instead. I would love to be able to buy my Southwest tickets for this June now and apply my MR points but only if I get $ .01...