Yes, in 2026, using American Express Membership Rewards points for airline tickets is one of the most flexible ways to travel. You have two primary methods: "Pay with Points" or "Point Transfers." With "Pay with Points," you book directly through Amex Travel at a fixed rate of 1 cent per point (e.g., 50,000 points = $500 ticket). However, the peer-to-peer "pro-tip" for maximum value is to transfer your points to one of Amex's 20+ airline partners like Delta, British Airways, or Emirates. By transferring points during a "transfer bonus" window or booking a "Sweet Spot" award (like a business class seat to Europe), you can often achieve a value of 2 to 4 cents per point. In 2026, the Amex app has a "Points Value Calculator" that helps you decide which method gives you the best "bang for your buck" before you click "purchase."