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Redeem on travel only. All else is wasted money.
Keep the points OP. And never pay for travel with $, as travel is the best redemption for MRP.
The money you save on travel, is your amex benefit, instead of a standard 2% cash back card. Remember, per TPG you can get lucky and get 10 cents a point, on the right travel redemptions. Needs planning, and research before redemption.
Do you have the Platinum? If yes, then apply for the Charles Schwab version of the Amex Platinum, cancel your current Platinum, and cash out the MR points into your Charles Schwab brokerage account for 1.1X.
With the Schwab methods I’ve outlined, you’d get $2,200 for 200K points.
If you don’t have the Platinum and don’t want a Platinum, then just use the points for travel.
Yes I have the platinum - going to go with this, thank you!
F