I signed up for an American Express Premier Rewards Gold card recently to get the sign up points.
Their Membership Rewards program has various ways to redeem your points. One option is to get gift cards from a variety of merchants. The redemption varies from around 0.7¢ to 1¢ per point. Theres no simple way to get a complete list on the Amex site and you have to click on each merchant to see the dollar value. So I created a table for reference.
Most cards have multiple redemption options such as options to get $25, $50 or $100 gift cards. I'm only listing the minimum redemption option and the higher value cards are just multiples. Note Mercedes Benz offers maintenance and some movie theatres offer movie tickets Those gift cards have variable dollar value and I estimated typical market value
Keep in mind : The table below is going to change over time and I don't plan to update it.
Here are the gift card choices and the dollar value / point spent. (I haven't listed some theme parks and snow lodges)
| points | card value | value/points | |
| Aria hotel | 10000 | $100 | $0.0100 |
| Bellagio hotel | 10000 | $100 | $0.0100 |
| Best Western Hotels | 5882 | $50 | $0.0085 |
| Delta airlines | 7143 | $50 | $0.0070 |
| Fairmont hotel | 50000 | $50 | $0.0010 |
| Four Seasons | 14286 | $100 | $0.0070 |
| Hilton | 3571 | $25 | $0.0070 |
| Hotels.com | 7143 | $50 | $0.0070 |
| Hyatt | 5000 | $50 | $0.0100 |
| Mandalay Bay | 10000 | $100 | $0.0100 |
| Mandarin Oriental | 5882 | $50 | $0.0085 |
| Marriott | 7143 | $50 | $0.0070 |
| MGM Grand | 10000 | $100 | $0.0100 |
| MGM Resorts | 10000 | $100 | $0.0100 |
| Ritz Carlton | 14286 | $100 | $0.0070 |
| Amtrak | 5000 | $50 | $0.0100 |
| Avis | 5000 | $50 | $0.0100 |
| Enterprise | 5000 | $50 | $0.0100 |
| Hertz | 5000 | $50 | $0.0100 |
| Mercedez Benz | 100000 | $1,000 | $0.0100 |
| Mercedez Benz service A | 26000 | service A | $0.0077 |
| Mercedez Benz service B | 58000 | service B | $0.0100 |
| Benihana | 5000 | $50 | $0.0100 |
| Bonefish Grill | 2500 | $25 | $0.0100 |
| California Pizza Kitchen | 2500 | $25 | $0.0100 |
| Chilis | 2500 | $25 | $0.0100 |
| Flemings Prime Steakhouse | 5000 | $50 | $0.0100 |
| Legal Sea Foods | 5000 | $50 | $0.0100 |
| Lettuce Entertain you | 5000 | $50 | $0.0100 |
| Maggiano's Little Italy | 2500 | $25 | $0.0100 |
| Morton's The Steakhouse | 10000 | $100 | $0.0100 |
| OpenTable | 3751 | $25 | $0.0067 |
| PF Changs | 2500 | $25 | $0.0100 |
| Ruth's Chris | 5000 | $50 | $0.0100 |
| Seamless.com | 1000 | $10 | $0.0100 |
| Seasons 52 | 5000 | $50 | $0.0100 |
| Starbucks card | 3571 | $25 | $0.0070 |
| The Capital Grille | 5000 | $50 | $0.0100 |
| The Cheesecake Factory | 2941 | $25 | $0.0085 |
| AMC | 1200 | 1 ticket | $0.0083 |
| Cinemark | 1125 | 1 ticket | $0.0089 |
| Facebook games | 588 | $5 | $0.0085 |
| Regal | 1200 | 1 ticket | $0.0083 |
| Showcase cinemas | 3600 | 2 ticket + consession | $0.0028 |
| Athleta | 2500 | $25 | $0.0100 |
| Banana Republic | 2500 | $25 | $0.0100 |
| Barnes & Noble | 5000 | $50 | $0.0100 |
| Bath & Body works | 1000 | $10 | $0.0100 |
| Bergdorf Goodman | 5000 | $50 | $0.0100 |
| Brooks Brothers | 5000 | $50 | $0.0100 |
| Coach | 5000 | $50 | $0.0100 |
| Cole Haan | 5000 | $50 | $0.0100 |
| Crate and Barrel | 5000 | $50 | $0.0100 |
| Gap | 1000 | $10 | $0.0100 |
| Gap Brands | 2500 | $25 | $0.0100 |
| Groupon | 1500 | $15 | $0.0100 |
| Intermix | 5000 | $50 | $0.0100 |
| itunes | 1176 | $10 | $0.0085 |
| J Crew | 5000 | $50 | $0.0100 |
| Neiman Marcus | 5000 | $50 | $0.0100 |
| Nike | 2500 | $25 | $0.0100 |
| Old Navy | 1000 | $10 | $0.0100 |
| PB Teen | 5000 | $50 | $0.0100 |
| Pottery Barn | 5000 | $50 | $0.0100 |
| Pottery Barn Kids | 5000 | $50 | $0.0100 |
| Ralph Lauren | 5000 | $50 | $0.0100 |
| REI | 5000 | $50 | $0.0100 |
| Restoration hardware | 5000 | $50 | $0.0100 |
| Saks Fifth Avenue | 5000 | $50 | $0.0100 |
| Spafinder | 2500 | $25 | $0.0100 |
| Staples | 2500 | $25 | $0.0100 |
| Target | 7143 | $50 | $0.0070 |
| The Home Depot | 2500 | $25 | $0.0100 |
| Tiffany & Co | 25000 | $250 | $0.0100 |
| Victorias secret | 2500 | $25 | $0.0100 |
| west elm | 5000 | $50 | $0.0100 |
| Williams-Sonoma | 5000 | $50 | $0.0100 |
| Zappos.com | 5000 | $50 | $0.0100 |
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