Minimum Reward Redemption Amounts by Card Issuer
The information related to the American Express Cash Magnet® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
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Have you tried to redeem rewards points or cash back earned through your credit card, but were disappointed to learn you don’t have enough accumulated to meet your reward program’s minimum redemption limit?
The most common minimum redemption limit is $25, and is often a requirement for cash back, a statement credit, direct deposit, a gift card, or to offset travel expenses charged to your card. However, when redeeming points for merchandise or upcoming travel, such as flights and hotel stays, the minimum redemption value is often much higher and varies based on the cost of the trip and merchandise.
And if you have multiple credit cards, it can be confusing to keep track of the minimum redemption amounts for each card.
We’ve put together a list of the minimum redemption amounts for major issuers so you have a one-stop guide for when to redeem credit card rewards. Just know, since redemption minimums for travel and merchandise vary, they, along with issuer co-branded cards, aren’t included below. And, the redemption options listed below may vary and are subject to change without notice.
Beware: Redemptions for statement credit cannot be used to pay the minimum due on your account. For example, if your minimum due is $25 and you redeem $25 in rewards as a statement credit, you will still need to make the minimum $25 payment.
American Express minimum reward redemption amounts
Cashback credit cards have the following minimums:
- Statement credit: $25 in Rewards Dollars
- Gift cards: $25 in Rewards Dollars
Membership Rewards credit cards have the following minimums:
- Statement credit: $25 in Rewards Dollars
- Gift cards: 1,000 Membership Rewards points
There’s also a minimum amount of points required for some Pay with Points rewards, listed below:
- AMEX Travel: 5,000 points
- AXS (Amex presale and reserved tickets): 2,000 points
- Ticketmaster: 2,000 points
- JustGiving: 1,000 points
Terms apply to American Express credit card offers. See americanexpress.com for more information.
Popular American Express cards
- Blue Cash Everyday® Card from American Express
- Blue Cash Preferred® Card from American Express
- American Express Cash Magnet® Card
- American Express® Gold Card
- The Platinum Card® from American Express
Bank of America minimum reward redemption amounts
The Bank of America® Customized Cash Rewards credit card has the following minimums:
- Statement credit: $0
- Deposit into your Bank of America checking or savings account: $0
- Credit to an eligible account with Merrill: $0
With the Bank of America® Customized Cash Rewards credit card, you can set up automatic redemptions into an eligible Bank of America, Merrill account starting at $25. Note, statement credits, checks and contributions into a qualifying 529 account are not eligible for automatic redemption enrollment.
The Bank of America® Travel Rewards credit card and Bank of America® Premium Rewards® credit card have the following minimums:
- Statement credit: 2,500 points
- Deposit into your bank account: 2,500 points
- Gift cards: 3,125 points
The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card has the following minimums:
- Statement credit: $25
- Deposit into your bank account: $25
The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has the following minimums:
- Statement credit: 2,500 points
- Deposit into your bank account: 2,500 point
- Gift cards: 3,500 points
Popular Bank of America credit cards
- Bank of America® Customized Cash Rewards credit card
- Bank of America® Travel Rewards credit card
- Bank of America® Premium Rewards® credit card
Barclays minimum reward redemption amounts
Travel statement credit: 10,000 miles (toward a qualifying travel purchase of $100 or more made within the last 120 days)
- Cashback statement credit: 5,000 miles for $25
- Account annual fee: 2,500 miles for $25
- Gift cards: 5,000 miles for $25
Popular Barclays credit card
- Barclaycard Arrival Plus® World Elite Mastercard®
Capital One minimum reward redemption amounts
- Statement credit: No minimum
- Check: No minimum
- Gift cards: $25
Popular Capital One credit cards
- Capital One Quicksilver Cash Rewards Credit Card
- Capital One SavorOne Cash Rewards Credit Card
- Capital One Venture Rewards Credit Card
Chase minimum reward redemption amounts
- Statement credit: No minimum
- Deposit into your bank account: No minimum
- Gift cards: $25
Popular Chase credit cards
Citibank minimum reward redemption amounts
- Statement credit: $25
- Deposit into your bank account: $25
- Gift cards: $25
Popular Citibank credit cards
Discover minimum reward redemption amounts
Discover it® cashback credit cards minimum redemption amounts:
- Statement credit: $0.01
- Deposit into your bank account: $0.01
- Partner gift cards: $5
- Pay with cash back directly at Amazon.com: No minimum
- Charity donation: $0.01
Discover it® Miles minimum redemption:
- Statement credit towards travel purchases: $0.01
- Deposit into your bank account: $0.01
Popular Discover credit cards
- Discover it® Cash Back
- Discover it® Miles
- Discover it® Student Cash Back
- Discover it® Secured Credit Card
Wells Fargo minimum reward redemption amounts
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- Statement credit: $25/2,500 points
- Deposit into an eligible Wells Fargo account: $25/2,500 points
- Gift cards: $25/2,500 points
Popular Wells Fargo credit cards
- Wells Fargo Active Cash® Card
- Wells Fargo Rewards Visa® Credit Card
- Wells Fargo Visa Signature® Card
*To see rates & fees for Blue Cash Everyday® Card from American Express, please click here.
*To see rates & fees for Blue Cash Preferred® Card from American Express, please click here.
*To see rates & fees for American Express® Gold Card, please click here.
*To see rates & fees for The Platinum Card® from American Express, please click here.
The information related to the Chase Freedom Flex℠, American Express Cash Magnet® Card, the Barclaycard Arrival Plus® World Elite Mastercard®, the Wells Fargo Rewards Visa® Credit Card, the Wells Fargo Visa Signature® Card, and the Wells Fargo Cash Wise Visa® card has been independently collected by LendingTree and has not been reviewed or provided by the issuers of these cards prior to publication.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.