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The pros and cons of Amex's Auto Purchasing Program

The article from MSN Money discusses the pros and cons of American Express's Auto Purchasing Program, which allows cardholders to use their Membership Rewards points to buy a new car. Pros include the ability to leverage points for a significant purchase, potentially saving thousands of dollars, and the convenience of a streamlined car buying process through a network of dealerships. This program can be particularly beneficial for those with a large number of points looking to make a big-ticket purchase. Cons highlighted are that the program might not offer the best value for points compared to other redemption options like travel or transferring to airline partners. Additionally, the selection of vehicles might be limited, and there could be restrictions or less favorable terms when using points for the purchase. The article also notes that not all American Express cards are eligible for this program, and the process might not be as straightforward as other redemption methods, potentially involving additional steps or negotiations at the dealership.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/the-pros-and-cons-of-amex-s-auto-purchasing-program/ar-BB1rfMJD ]