Amex to Devalue Transfers to Cathay Pacific Asia Miles in Early 2026 — Here’s the Timeline Amex to Devalue Transfers to Cathay Pacific Asia Miles in Early 2026 — Here’s the Timeline

Amex to Devalue Transfers to Cathay Pacific Asia Miles in Early 2026 — Here’s the Timeline

Amex Membership Rewards is one of a handful of programs that offers transfers to Cathay Pacific's loyalty program -- known as Asia Miles -- at a 1:1 ratio. That rate will be changing, but luckily not for a few months. Effective March 1, 2026, the transfer rate will change to 5:4, dropping the rate by 20%. Here's what to know.