American Express Membership Rewards Double Points (until Jan 31, 2008)

Check your emails and your snail mail! American Express has a new promotion for double points! That's right you will earn double points, which means you can get 2% on items that usually get you 1% on just about every credit card out there! So this could be huge!

Here are some details from the American Express email:

As a special Cardmember, you have the opportunity to earn double Membership Rewards points on virtually every dollar you spend each month, from November 1, 2007 through January 31, 2008 (up to the maximum allowed). The Membership Rewards program offers exceptional rewards and experiences, and now more of them can be within your reach.

You have to enroll by December 15, 2007, although it's probably a good idea to enroll right away and starting earning 2% where you could have been earning 1%!

And here is some of the fineprint:

Beginning 11/01/2007 and for each calendar month through 1/31/2008, you can earn one point and one bonus point for every eligible dollar of purchases charged during that month to any personal or small business Card linked to your Membership Rewards account. *Total bonus points earned each calendar month are subject to maximum monthly limit of 5,000 points. Corporate Card purchases are excluded. This promotion cannot be combined with any other bonus points offers. Bonus points will be credited to your Membership Rewards account approximately 12–14 weeks after charges appear on your billing statement.

And one more thing, if you are not familiar with the American Express rewards options, be sure to go check them out first. If the items they have there do not itnerest you, then perhaps you are better off using your 1% credit cards for rewards (or cash) that you might be interested in. But the AMEX rewards program is faily flexible, you can get gift cards as well, or even buy stuff online by paying with your points.

And the other cool thing they have, if you already know how many bonus points you are going to get, you don't have to wait for them to post to your account, you can take a Points Advance and get your rewards right away!