American Express Membership Rewards points are best known for travel, airline transfers and other rewards, but many cardholders simply want money they can use toward everyday expenses. That leads to an important question: can you redeem Amex points for cash? In the United States, Membership Rewards points are not generally redeemed as physical cash handed directly to you. However, eligible cardholders have several cash-like redemption options, including statement credits and, for eligible accounts, other financial redemption choices offered through American Express. citeturn992671search1turn992671search2 The important question is whether those options provide good value compared with using your points elsewhere. Can You Redeem Amex Points for Cash Directly? Membership Rewards points are not ordinary cash and do not have a universal fixed dollar value. American Express does allow eligible cardholders to redeem points for a statement credit. You can choose a qualifyi...