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American Express is targeting cardholders for Amex Offers with retailer The RealReal. Eligible American Express cardholders can receive $40 off or 4,000 Amex Membership Rewards points after spending $200 or more with luxury consignment retailer The RealReal.

In order to get the savings on your purchase or bonus Membership Rewards points, you must add the offer to your card and meet the minimum spend either in-store or online at therealreal.com.

Here’s the $40 back offer:

… And the 4,000 Membership Rewards offer:

So, if you were targeted for both, which is the better deal? Based on TPG’s most recent valuations, the 4,000 Membership Rewards points are worth $76, which represents a better value than if you were to take the $40 off your purchase.

Keep in mind that this particular offer expires on June 30, 2018.

Featured image by JGI/Tom Grill/Getty Images.

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