Don’t miss out! Join the thousands of people who subscribe to our once-daily email with all the best travel news. Some links on this page may pay me a commission – as always, thanks for your support if you use them
One of the powers of the so-called “transferrable” currencies like American Express Membership Rewards, Chase Ultimate Rewards or Citi ThankYou points is that you can transfer your points to several different currencies at different rates (or, in most cases, redeem them for cash).
Because you can transfer them to a variety of hotel and airline partners, it helps to insulate you from devaluations – since if one program devalues, you can always transfer them to another program.
American Express upping the transfer bonus for Avios
Many currencies transfer to hotel and airline partners at 1:1, which makes sense since many airline miles have roughly equivalent value. About two years ago, American Express changed the rate for British Airways to 1000:800, meaning…