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American Express has increased the transfer ratio of British Airways and Iberia Avios from 5:4 to 1:1 which is an improvement of 20%. Transfers were dropped from 1:1 to 5:4 in 2015 but are now back at that 1:1 ratio.
Key Changes
- Changes affect Iberia and British Airways
- This is not a promotional offer but rather a permanent change to the transfer ratio
- New ratio is 1:1
Overall
This is great news and the fact that it is permanent means you can take your time and plan the best strategy for you. You do not have to rush and make a speculative transfer just to take advantage of the improved ratio.
Source: Miles To Memories
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I assume this is in US as I always get a 1:1 rate in UK.
That is correct.
Great to see that they have resumed using a 1:1 rate. In the era of constant devaluing of miles and points, it is nice to see them gain value back.
Great to see the change. Really a much better transfer rate. IMO AMEX has been getting competitive every since losing Costco & Jetblue. new exclusive Hilton is good example of them taking an account from Citi since they took Costco
Wow! Lately I’ve seen a ton of promos and changes Amex is doing. I wonder the uptick in these actions? I wonder if they have lost other accounts to Citi or to another credit card company or maybe threats of dropping them? I’ve looked into the Blue card with them. I was looking around where they transfer on their pages and on the blogs I’ve seen here and it doesn’t seem worth it to me, when they are not readily accepted everywhere.
Surprising that they brought it back up, just glad that they did!
I would think this is down to how much the GB Pound has dropped against the US Dollar since the UK voted to leave the EU.
This might be the reason I need to get an AMEX card.