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It has been a little while since I was legitimately excited about an Amex transfer bonus, but I think I am actually excited about one that was just launched today! As you may have already noticed, late last week Amex quietly bumped the everyday transfer rate to British Airways up from a 5 Membership Reward points = 4 British Airways Avios ratio to an even 1:1 ratio. This 1:1 ratio is where it has been until late in 2015, but it was quite nice to see it return to parity.
I was happy that it returned to 1:1, but the reality is that the ratio positioned it to be in a much better spot for when a periodic transfer returned. This has now happened as Amex just launched a limited time 40% transfer bonus from Membership Rewards to both the British Airways and Iberia Avios programs!
With this bonus it means that 250 Membership Reward points = 350 Avios! To put it into some larger and more relatable numbers, if you wanted to book a 12,500 Avios flight on Alaska or American Airlines from the West Coast to Hawaii it would effectively only cost you about 9,000 Membership Reward points transferred during the 40% bonus to make that happen!
When you take that a step further and remember that you can earn 2x on pretty much everything with The Blue Business℠ Plus Credit Card from American Express, that is like earning a one-way flight to or from Hawaii (from the West Coast) with just $4,500 in spending, which is pretty much unmatched by any other program.
This 40% transfer bonus will run until September 17, 2017, so you have a couple of months to put this bonus to good use if you have any interest in flying British Airways or even their partners using the distance based award chart.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.