How and When Are Membership Rewards Points Credited to Your Account?

Jul 20, 2019

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Membership Rewards points, the currency of American Express UK, are one of the most valuable forms of points you can earn, as they’re very flexible — you can transfer them to a large list of airline or hotel programmes.

If you have a card that earns Membership Rewards (MR) points, such as The Preferred Rewards Gold Card from American Express UK, you will earn MR points for each purchase, usually at a standard rate of 1 MR per £1 spent. Your purchases will be calculated monthly at the end of your billing cycle, then you have up to 25 days from the end of this period interest free to pay the balance before interest is payable on these charges.

Though the MR points are calculated based on each purchase you make each month, you don’t technically ‘earn’ the points the day you make the purchase. Instead, you need to wait until your statement month has concluded and your monthly bill is produced with the payment due date stipulated. The period of time it takes from the end of your statement month varies from customer to customer — we surveyed the TPG UK team and the time taken to produce the statement ranged from 0 days (i.e. produced on the same day as the statement month finished), up to eight days after the statement month finished.

The good news is that the Membership Rewards points are usually credited to your MR account the same day as your statement is produced, rather than you having to wait until the end of the statement month or waiting until you have actually made payment. Once credited to your account with your statement, they will immediately be available for you to use by redeeming for things like using to pay ‘eligible charges’, for shopping on Amazon or for gift cards. Though keep in mind that you’ll typically get the most value by transferring them to airline and hotel partners. If you choose to do that, you’ll have to wait a little longer before you can use them.

You can read our full guide to using Membership Rewards, including published transfer times to airline and hotel partners here.

Featured image by Josh Gribben / The Points Guy

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.