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Transferring to airlines. Basically everything else is awful value
Ditch the Amex, get a CSR. You can thank me now :P
I did amazon recently. Bought a yeti hard cooler for about 60% of the price it was selling for if purchasing through Amex.
But seriously, out of the "easy" ways to redeem, I usually go with transferring to Delta or redeem for gift cards
Home Depot gift cards when it's on sale for 20% off. I've gotten $5k over the years.
Value is relative. It was very valuable to me to cash out on an international biz class ticket for a well deserved vacation — no cost to me and earned a crap ton of miles. Many say that’s poor “value”. But how many Home Depot gift cards can you really use? That would be poor “value” to me. YMMV
When ever you redeem value should be at least 1% of you total points. Ex 10,000 should equal at least $1,000 redemption. I found you have to do gift cards to place me to get most value. If I use at amazon or points directly anywhere else it’s about .07%
C'mon! A basic analytical problem. No one on FB should ever be asking questions like this!