I canceled my Amex paid membership as we aren’t traveling for work yet. Have 100k points to redeem in 2 days. Don’t want to waste it on target or Walmart gift cards as they have terrible conversion rate. Any suggestions? May be transfer to Emirates points as I will travel to Dubai in a year?

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Transfer to airline & book a award ticket for end of year/early 2022 to be safe in the event Covid isn’t 100% resolved.

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Why not open a no annual fee Every Day card? It would allow you to sit on the points until you really want to use to use them. You could also get the sign up bonus.

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The only redemption as good or better than travel point transfer is if u get the Schwab personal platinum card (steep annual fee but potential signup bonus). You could then exchange 100k points for $1250 straight cash

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Finding a store gift card with 1 cent conversion rate isn’t too bad. Find a store that offers that (BBB, Home Depot, etc). I had no clue when I wanted to travel again and already had tons of travel points elsewhere, so I just did the gift card route.

If you do gift cards, make sure you write down your codes/pins before you cancel your card. Otherwise you lose access to the portal once you cancel and can’t access the cards.

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I redeemed for Home Depot at $100 for each card at sold my gift cards at raise.com. I lost about 10-15% per card once they sold due to discounting the card and raise fees but wanted cash so it worked out in the end. I’m sure there are other ways to get better cash but this worked for me and was the simplest for me

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I signed up for the free personal Amex card. All points transferred there automatically.
Thanks to the McK FB group for the tip

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If you like steak, capital grille and Ruth’s chris have good conversion rates.

Home depot is the best reward

They have lots of stuff on there website. I bought a cigar humidor

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