10,000 Membership Rewards points = AUD$100 equivalent of foreign currency

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futaris

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From the latest newsletter:

Membership Rewards Latest Offers - American Express Australia
American Express Australia – Membership Rewards – Foreign Exchange

Need Bangladesh Taka or perhaps Qatar Riyal? Visit an American Express® Foreign Exchange branch and see one of our specialists for guidance on which currencies you need for your trip. With over 60 currencies available you can increase your spending power, no matter where the destination. Redeem your Membership Rewards points for travel money.

10,000 Membership Rewards points = AUD$100 equivalent of foreign currency¹.

Redeeming your Membership Rewards points for foreign currency is only available in American Express Foreign Exchange branches².

Subject to the Terms and Conditions of the Membership Rewards program.

A Disclosure Document will be provided where Travellers Cheques are sold and is available on request. You should request an American Express Financial Services Guide and consider the appropriateness of Travellers Cheques in relation to your individual requirements. Travellers Cheques are issued under American Express International, Inc.
(ABN 15 000 618 208, AFSL No. 237996). Incorporated with limited liability in Delaware USA. ® Registered Trademark of American Express Company.

View Terms and Conditions
Photo identification is required for redemption.
1. Points are calculated on AUD equivalent.
2. Redemption of foreign currency only available in American Express Foreign Exchange branches listed above. List current as at April 2009.
Could be an interesting way to clean out your MR account after the next Amex stuff-up.
 
I think this is about equivalent to the same rate you get when buying gift voucher - DJ 110K = $10000

Not bad - I might burn some for flash cash for the UK in October...
 
Yeh that's how I used all my MR points before they took my RM card from me. Bit better than gift cards.
 
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