Next Friday, June 7, 2013 is the last day to transfer your American Express Membership Reward points to British Airways Avios with a 35% bonus. In the past 12 months, a transfer bonus offer has been quite common. I personally transferred about half of my Amex point balance a year ago with the 50% transfer bonus, but unfortunately we haven’t seen the 50% bonus since then – it has been anywhere between 30-40%. There haven’t been too many transfer promotions with American Express Membership Rewards, so this is one of the better offers on the table. It has been close to two years now since we’ve seen a Delta transfer bonus and all of the other bonuses are no where as lucrative. I really really hope this British Airways promotion becomes a tradition with the American Express program. While There really is no way of knowing if a better transfer bonus will ever come back, so make the right decision based on your current needs and don’t get too greedy. With any other bonus opportunities, it is always like playing the lottery.
I personally like that my American Express Membership Reward points have the flexibility to be used for many programs, so I will not be transferring anymore points from my account since I already have a ton of BA Avios points. However, my husband has The Business Gold Rewards Card® from American Express OPEN and we are thinking about canceling it come November when the annual fee comes around. While it was a great card to open for the bonus points, we do not use it enough for the $175 annual fee to be worth it. This means we will need to transfer the points prior to canceling and I think British Airways will be the best option, even if it is speculatively transferring points.
Also, if you currently are short of American Express points you can actually do a Membership Rewards point advance. Depending on the card you have determines the amount you can advance in a calendar year: Amex Platinum = 60,000 points; Amex Gold = 15,000 points; Amex Green = 5,000 points. Even if you have multiple cards you can only cash advance to the amount of the highest card you have. You must earn the number of points advanced back within 12 months or you will be charged a purchase points transaction rate, which can be quite expensive. To do this though, you must have been a card member for at least 6 months and your account must be in good standing. Keep in mind though, American Express will be discontinuing this option starting June 30, 2013!
If you are not as aware of the British Airways Avios points, make sure to read these prior posts. It really can be a great program for many!
- 100,000 Avois Points for British Airways Credit Card
- Earning and Redeeming a British Airways Companion Ticket
- Creating a Household Account with British Airways
- Top 10 Redemption Opportunities for British Airways Avios Points
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