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For about two months now, American Express Membership Rewards has been offering a 50% bonus on points transfers to British Airways Executive Club. In reality that’s not quite as lucrative as it may sound, given that Amex points typically convert to British Airways at a 250:200 ratio, rather than a 1:1 ratio (this transfer ratio was devalued last October).
British Airways 747
That means during this promotion, Amex points convert into British Airways Avios at a 250:300 promotion. Given the already accelerated speed at which you can earn points with the Amex EveryDay® Preferred Credit Card, Premier Rewards Gold Card from American Express, The Platinum Card® from American Express, etc., this is a very nice way to increase the rate at which you can earn Avios even further.
Well, if you’ve been considering taking advantage of this promotion, this is your last chance. The 50% bonus on points transfers from American Express Membership Rewards to British Airways Avios ends tomorrow, Monday, October 10, 2016.
For what it’s worth, British Airways is also transfer partners with Chase Ultimate Rewards, except with them points ordinarily convert at a 1:1 ratio.
Given that I value Amex Membership Rewards and Chase Ultimate Rewards points roughly equally, I’d certainly choose to convert Amex points to BA at a 1.2:1 ratio, over converting Chase points to BA at a 1:1 ratio.
While I wouldn’t make a huge speculative points transfer, there’s certainly value to be had here. British Airways has a distance based award chart, making those points extremely valuable for shorthaul travel, especially within the US.
As another example, for 37,500 Avios one-way you can book Aer Lingus business class from Boston to Dublin. So when you factor in the bonus, that’s like paying only 31,250 Membership Rewards points each way, which is a great deal.
If you want to transfer Amex points to British Airways at a favorable ratio, you have just over 24 hours left to do so. In general I’d recommend speculatively transferring some points if you have a big balance of Amex points and not a big balance of Chase points, given that the current rate is 50% better than you’ll usually get.
However, if you also have a big balance of Chase points, the savings aren’t quite as extreme, since you’re doing 20% better than you usually would.
Do you plan on (or have you) transferred Amex points to British Airways with this offer?
Non-Affiliate Product Disclaimer: The information for the AmEx Everyday Preferred has been collected independently by One Mile At A Time. The card details on this page have not been reviewed or provided by the card issuer.