What is American Express Membership Rewards's devaluation history?
No recorded changes for American Express Membership Rewards since tracking began 2024-01. Notable stability. See every programme's timeline.
Value of 100,000 American Express Membership Rewards points in USD
Valuations: Miles Mosaic reference table, snapshotted monthly. Points with no snapshot are estimated from recorded events and labelled as estimates (dashed).
Full history
Announced 18 Sep 2025 · 18 Sep 2025
American Express refreshed the Platinum Card, raising the annual fee to $895 while adding roughly $3,500 in credits
Source: CNBC, verified 7 Aug 2026
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