American Express is offering discounts off the typical cost of buying gift cards with Membership Rewards.
These brands give you roughly 1.07 cents per point value:
Apple
Nordstrom
Lululemon
Regal
These brands give you 1.25 cents per point value (20% discount):
Gap
Athleta
Fanatics
Bath & Body Works
Saks
Ruth’s
Airbnb and Target are also on sale, but those will still end up less than 1 cent-per-point after the discount.
By Chuck