Travis is my first new contributor to the blog, who will be posting a couple of times per week. The idea behind adding guest contributors is to add different perspectives to the blog. Travis has a unique approach towards travel, given that he travels almost exclusively with his wife and young children, which is in stark contrast to my travels, which are usually alone.
Back in December American Express announced a new Membership Rewards relationship with Airbnb “the world’s leading community-driven hospitality company where people can list, discover, and book unique accommodations around the world.”
The net effect of this relationship is that members were now able to redeem Membership Rewards points for Airbnb e-gift cards. The gift cards come in denominations of $100 or $250 and require 10,000 or 25,000 Membership Rewards points, respectively.
While more partners are better than fewer partners, redeeming for gift cards is rarely a good idea since it is a 1 cent per point redemption. So there really hasn’t been that much to get excited about.
Perhaps to build some buzz around the new partnership, however, American Express is currently offering the equivalent of a 25% transfer bonus with Airbnb. Though March 31, you can redeem 10,000 Membership Rewards points for $125. This improves the redemption to 1.25 cents per point. As with most Membership Rewards promotions, the bonus is coded into the transaction automatically.
I’ve used Airbnb a few times and have had decent results. That said, since I value Membership Rewards points at around 1.6 cents each, I don’t see myself redeeming for any Airbnb gift cards during this promotion.
But if you use Airbnb and are flush with Membership Rewards points, this could be a decent deal.
Are you excited about the new partnership? Ever used Airbnb? Will you be taking advantage of this promotion?