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I normally am not personally a big fan of redeeming credit card miles and points for anything other than travel, but this is actually a decent redemption value if you are need of some clothes for yourself or your kiddos. Until January 29th (or while supplies last), you can redeem 1,250 American Expres Membership Reward points for a $25 Gap gift card. Those gift cards would normally require 2,500 points, so this is effectively a 50% off sale. That is a $.02 per point value which isn’t great, but it certainly isn’t bad either. The deal doesn’t seem to transfer to different denomination gift cards – just the $25 version.
Gap Giftcards are pre-loaded electronic gift cards that can be used at all Gap, Old Navy, Banana Republic and Athleta stores in the US, Canada and Puerto Rico, including Outlet and Factory Stores, and online at gap.com, oldnavy.com, bananarepublic.com, athleta.com and piperlime.com.
Since supplies are limited, I wouldn’t delay if you are interested in getting a couple $25 Gap gift cards. It’s always good to have lots of different options when it comes time for redeeming points. 😉
Thanks to mindbowels on Flyertalk for sharing this info.