20% Discount When Redeeming Membership Rewards Points for Pottery Barn, Neiman Marcus and Others (Possibly Targeted)

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Redeeming Membership Reward points for gift cards is pretty much never going to get you a great redemption value for your points.  Typically, when you redeem Membership Reward points for gift cards you get $0.01 value for each point redeemed.  However, right now select gift cards are available for 20% fewer points on some accounts.  That means you are getting $0.0125 value for each point.  Not great, but certainly better than the regular rate.  Currently I am seeing the discounted redemption rates on my account, which is a Platinum account, but not on my mom’s account, which is a Premier Rewards Gold account.  I also got this information via a reader who also has a Platinum account.  The wording in the offer says it is for “solicited” accounts only, so I don’t know how widespread the offer is or isn’t. 

The included retailers are:

 Berdorf Goodman, Neiman Marcus, Pottern Barn (and PB e-gift card), Saks Fifth Avenue, West Elm (and WE e-gift card), and Williams-Sonoma (and WS e-gift card). 

This discounted rate is available until March 31st.  Again, this is not a spectacular redemption value, but if you are points rich and have been eyeing these gift cards anyway, then this deal might make sense for you.  I won’t be getting in on this deal as I like to redeem my MR points for at least $0.02 each,  but I sure do love a bunch of Pottery Barn Kids stuff, so I can see how it is somewhat tempted.

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  1. Seems for most Platinum cardholders, their rebates get you back to just less that .01/point this month – Hotel Giftcards (%15% savings) Amex travelers checks and giftcards as well as branded travel essentials (40% points savings). National & Enterprise rental car certificates are the other product this month with a return of $.0125/point for most plat’s(may be targeted)

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