Use Pay with Points on all or part of flights and prepaid hotel bookings including The Hotel Collection, when you book through AmexTravel.com.
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Award Flights and Upgrades. Award flights are the most valuable redemption option as 50,000 Amex points are worth $500 on trips you book through American Express Travel. Most domestic and international airlines participate, so it's easy to find a desirable flight.
While 200K Amex points will typically only give you about $2,000 in value when you shop for flights in the Amex travel portal, you can sometimes find Business or First Class flights — that can normally cost over $10,000 — for only 200K points, when transferred to a frequent flyer program.