AMEX Points Will No Longer Transfer To El Al Matmid Points In 2021

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El Al’s Matmid loyalty program is nothing short of a dumpster fire.

The points system used makes comparing the requirements to any other airline a massive headache. You need a PhD to understand the intricacies of the program, likely to hide how poorly it stacks up to the competition. There are fuel surcharges to redeem for awards. Points expire without any ability to extend them. There is no co-brand credit card for North American users. The latest website redesign removed the ability to easily search for classic award tickets. Etc, etc…

Typically it’s better to book El Al awards via partner airlines, though El Al blocks a lot of their award space from partners. Here is a comparison of how El Al stacks up with Qantas for booking El Al flights.

And now comes word that AMEX points will no longer transfer to El Al after 12/31/20. You can still transfer points to Qantas to book award travel on El Al.

The value from transferring points to El Al is rarely very good, but there can be some uses that are decent. North American members can also attain El Al Executive status by transferring over 5,000 AMEX points, which converts into 100 Matmid points.

That option will be gone as of 1/1/21.

When Marriott merged with Starwood they said they would be able to transfer points to El Al, but that never materialized.

As no other North American banks or hotels can transfer points to El Al, Matmid will pretty much cease to be relevant to anyone on this side of the pond.

Considering how lucrative loyalty programs have become to North American carriers, with the only profitable part of the airline coming from loyalty, that’s a big blow to El Al.

Will you transfer any AMEX points to El Al Matmid before it’s too late?

HT: tavster, via DDF and Grant

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25 Comments On "AMEX Points Will No Longer Transfer To El Al Matmid Points In 2021"

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Shaul

Hopefully new management will fix this. Hope they bring you on as a consultant.

Abey

While I’d be very happy to see a lucrative points program IMHO you need an airline that stands on its feet before you do that and there should be a lot of other priorities ahead, not saying that a good program is not a pillar of a good airline it’s just that LY is not much of an airline at this point

Glushtygiz

What’s happening with Rozenberg

r

Horrible conversion rates

Yakov

I still have the HAS card that transfers to El Al

Moshe

Is executive status really worth anything? For how do you have this status?

Isaac

The US bank card was a replacement to the Has card what was also original by US bank partnered with Fas

Yakov

No, I keep on transferring, I believe I transferred last time beginning of this year right before COVID at a rate of 40-1

yitz

Who cares. Did anyone really even use Matmid anyway?

CtownBin

For the most part, of course not. But every so often they would run specials, 50% off points flights. So it would be 700 ElAl points- or 35k MR- for a round-trip from the East Coast DIRECT. Those were the days… but those deals are probably long gone anyhow.

rob

The fact that they don’t partner with any airlines in North America is a far bigger problem than them not partnering with any banks

El Al was already useless to the 90% of the country that doesn’t live near an airport served by El Al. Because why give the 30 million people in Texas the option to fly your airline? Or the 40 million people on the west coast who don’t live near LAX/SFO?

Hey, it’s not like Israel was one of the fastest growing tourist destinations until COVID hit. Why would El Al want to have a piece of that pie? Codeshares and interline agreements are for losers.

moe8555

Are we sure they aren’t moving to a new issuer? Or issuing a cobrand card? Rumor has it Chase is announcing changes to the CSR today – maybe El Al will move to Chase? (Half-joking)

I think I may have beaten tavster to the news (I posted in the credit card forum), but I will graciously withdraw my claim to the HT 🙂

Arley Loafer

Is executive status worth the transfer now?

moe8555

Only if you anticipate redeeming Matmid points for a flight within the next 12 months.

Mark Fish

Dan or JJ: Do you know if El Al is flying to NY this Saturday night? I have a ticket and an assigned seat on a scheduled flight (001) but El Al’s customer service has been disconnected … I have no one else to ask

Mark Fish

Sorry, I meant Sunday night. October 11 (technically October 12)

davidmal

My guess Rozenberg will try to fix the points program with new transfer partners over the next year

Isaac

see the message I just received from them:
We would like to inform you that ELAL will no longer be listed under Points subsection of the use Points section under AME’X Membership Rewards points program. Effective January 1, 2021, Matmid Members that holds an AMEX credit card will not able to transfer points to ELAL Israel Airlines. We would like to thank you for your loyalty and inform you that we will launch an all new credit card that will enable you to earn award travel faster on ELAL Airlines.

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