In this section, we will look at how you earn and redeem points in greater detail.
As we mentioned in our introduction, card members will earn one point for every dollar that you spend on the card. You can earn unlimited points. We also highlighted a few ways which you can redeem your points. The main purpose of this card is to use them for travel.
- How To Redeem Points For Travel? - Unlike the old rewards cards, you do not need to call anyone from the issuer to book your travel tickets. In fact, with this card, you have to book the tickets yourself. But you are free to choose who you want to do business with. So if you want to use travelocity, expedia or any online booking sites, you are free to do so. If you want to book directly with airlines and hotels, you can do so. If you know an offline travel agent, you can also do that.
The freedom to choose anyone to book your travel means you are free to chose the best deal.
Once you have booked your travel plans, you have 60 days to use your points. You can do so by calling 1-866-891-2244 or by going to www.americanexpress.com/blueskyredeem.
The value of Blue Sky Reward Points is actually worth 1.33%. The reason is because 7,500 points will get you $100 in statement credit if you redeem them for travel. Their (as we will see later) is worth more than other similar rewards cards.
- Redeem Points for Gift Cards - Recently, American Express have expanded the use of your points by allowing you to redeem points for gift cards. However, the exchange rate is not exactly favorable. For example, you need 3,250 points to get $25 value in gift cards and 6,500 points to get $50 in value. Therefore, the value of one point is worth less than 1% if you exchange them for Amex gift cards. Below is a screenshot of their exchange value.
- Exchange Points For Cash Back - You can also exchange points you have earned for cash back. 6,500 points gets you $50 in cash back. But this means that the payout is less than 1% if you use your points this way and we do not recommend it.