Thursday, June 4th, 2015, 12:06 am
Grant reports that in his latest AMEX Platinum card statement it states that the transfer ratio from American Express Membership Rewards to British Airways Avios will be devalued.
I jumped onto AMEX chat to confirm the news and unfortunately the rep confirmed that information to me,
“Effective October 1, 2015, for every 250 Membership Rewards points that Card Members transfer to the British Airways Executive Club and Iberia Plus programs, they will receive 200 Avios. Card Members must transfer points to these loyalty programs in increments of 250. Refer to Changes to the Card Member Agreement – June 2015.”
It’s an odd change. After all, transfers to Avios have been bonused relatively frequently.
Unlike Grant, I do still think we’ll see bonus promotions in the future, but a 25% bonus will only bring the transfer back to parity. A 40% bonus will mean that 1,000 AMEX points will net 1,120 Avios instead of 1,400.
This comes on the heels on the Chase British Airways card dropping the earn per spend on the BA Avios card from 1.25 Avios per dollar to just 1 per dollar.
Transfers from Starwood Starpoints to British Airways Avios remains 20K to 25K, so purchases on the Starwood card can continue to earn 1.25 Avios per dollar spent.
Transfers from Chase to British Airways Avios remain 1K to 1K.
But in 4 months from now (barring any bonuses or further changes), 1K AMEX points will only yield 800 Avios.
How will this change what credit card you use? Will you spend more on your Starwood or Chase Sapphire Preferred/Freedom/Ink card? Will you still take advantage of 1.5 points per dollar everywhere on Everyday Preferred and keep holding off for transfer bonuses? Will you transfer lots of points from AMEX to British Airways before October? Sound off in the comments!