Thanks for sharing this, Ben. Got it on my Amex Platinum, which is nice for the 5x MR as well, but I also have the Barclays jetBlue Plus card, which earns 6x B6 points on B6 purchases (as I'm sure you're well aware). Of course, in most cases, that $40 statement credit on a $400+ spend beats the 1% net difference if valued at 1 cpp each (since Platinum earns 5x MR and B6+ earns 6x B6).
Where this gets even more interesting is to consider the relative valuations (of MR and B6 points), and when there could be a breaking point. While OMAAT officially values MR at 1.7 cents per point and B6 at 1.3 cpp, if you look at a MR 1.1 cpp Schwab cash-out baseline, you'd likely have to spend over $1,740 on jetBlue Plus before you overcome Platinum 5x + $40 discount. Of course, if you take Ben at his 1.7 cpp MR valuation, Platinum always wins, and this Amex Offer makes it even better.
Got it on Citi Merchant Offers too
