A few weeks ago American Express announced a great bonus offer when transferring Membership Reward points to British Airways Avios points. From now until June 7, 2013 you will receive a 35% bonus for all transfers. The last time Amex offered a BA Avios transfer bonus was over the winter and it was at 30%.
I personally transferred about half of my Amex point balance a year ago with the 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 two years or so since we’ve seen a Delta transfer bonus and all of the other bonuses are no where as lucrative. While I personally would suggest 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. A 35% bonus is pretty good as well though!
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.
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! 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.
- 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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