American Express just announced a bonus offer for transferring Membership Reward points to British Airways Avios points. From now until December 31, 2013 you will receive a 20% bonus for all transfers. The last time Amex offered a BA Avios transfer bonus last spring it was a 35% bonus.
I personally transferred about half of my Amex point balance a year and a half ago when there was a 50% transfer bonus. There haven’t been too many transfer promotions, so this is one of the better offers on the table. It has been three years or so since we’ve seen a Delta transfer bonus and all of the other loyalty partner bonuses are no where as lucrative. While I would prefer transferring during a 50% bonus offer, there really is no way of knowing if that will ever come back. 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. 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. The annual fee is in November so 20% bonus is the best option we have right now.
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! This series was also written when the BA credit card was at a 100,000 bonus offer for new card applicants, but has since been downgraded to 50,000 bonus points.
- Earn Avois Points for the 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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