{"id":97758,"date":"2023-03-11T00:00:29","date_gmt":"2023-03-11T00:00:29","guid":{"rendered":"https:\/\/awardwallet.com\/blog\/?p=97758"},"modified":"2026-04-08T13:46:03","modified_gmt":"2026-04-08T13:46:03","slug":"brex-rewards-point-devaluation-airline-transfers","status":"publish","type":"post","link":"https:\/\/awardwallet.com\/news\/credit-cards\/brex-rewards-point-devaluation-airline-transfers\/","title":{"rendered":"Brex Makes No-Notice Devaluation to Cash Redemptions, Airline Point Transfers"},"content":{"rendered":"

Update: Since this post was originally published, Brex slightly improved transfer rates. You'll now get 1,000 airline miles for every 1,500 Brex points transferred. That's a slightly better 3:2 transfer ratio — but still a 33% devaluation from the previous 1:1 transfer rate. See our full Brex Rewards guide<\/a> for more details.<\/strong><\/p>\n

With the failure of Silicon Valley Bank on Friday, billions of dollars of deposits<\/a> have reportedly been flooding into Brex. And Brex has quickly acted… to devalue its Brex Rewards points. Effective immediately, Brex devalued cash and crypto redemptions by 40% and slashed Brex Rewards point transfer rates to airline partners by over 40%.<\/p>\n

Here are the details of yet another no-notice devaluation<\/a> this week.<\/p>\n

Who is Brex?<\/span><\/h2>\n

In early 2021, Brex made a name for itself in the points and miles world when it offered small businesses an incredible 110,000-point sign-on bonus<\/a> for opening a new small business checking account and meeting a couple of achievable onboarding tasks and card spending requirements.<\/p>\n

Even better, Brex offers a no-annual-fee rewards card linked to the checking account that offers lucrative bonus categories — including 8x points on rideshare, 5x on travel, and 4x on restaurants.<\/p>\n

If that all seems too good to be true, well, maybe it was. In August 2022, Brex decided to close all small business accounts. Instead, Brex is now focusing on larger businesses and funded startups. That pivot seems to have been timely, given Silicon Valley Bank's failure<\/a> today, March 10, 2023.<\/p>\n

Brex Rewards Point Redemption Rates<\/span><\/h2>\n

For years, Brex Rewards<\/a> points could be redeemed for cash back, travel, gift cards, or cryptocurrency at 1\u00a2 each. Or, Brex Rewards points could be transferred to one of several airline partners at a 1:1 transfer ratio (1 Brex Rewards point = 1 airline mile). Mileage redemptions require a minimum transfer of 500 points.<\/p>\n

\"Screenshot
Brex Rewards point redemption options.<\/em><\/enter><\/figure>\n

After losing JetBlue as a transfer partner in October 2021<\/a>, Brex Rewards members can now transfer points to seven airline mileage programs across all three major airline alliances:<\/p>\n