New amex MRP user, and finding that most points are worth disappointingly 1 cent. How are they valued at 2 cents usually?

Is 2c/MRP possible only if redeemed with a airline transfer partner, and get discounts on expensive flights?

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Correct. MRP to Aeroplan as an example. 0.02 is common in economy and business class can be worth 0.04+

e.g., 100k Aeroplan points for a $4k international business class pod.

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ThePointsGuy and a few others have amazing writeups on Aeroplan’s booking system. With the layover tool, you can string together wild itineraries for extremely cheap (points-wise).

Airfare is almost the only thing Amex MR are good for.

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You get those 0.02+ values when you redeem points for first class flights.

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