American Express is offering a terrific 40% transfer bonus from Membership Rewards to British Airways or Iberia Avios. With this bonus, 1,000 Membership Rewards points will get you 1,400 Avios, which could make for some great value redemptions – including transatlantic business class for less than 25,000 Membership Rewards points each way (though keep in mind that you must transfer in increments of 1K).
- 40% transfer bonus when transferring Amex Membership Rewards points to British Airways or Iberia Avios (1:1.4 transfer ratio)
- Transfer by November 15, 2018
- Must transfer in 1,000 point increments
This is an awesome bonus for anyone with a halfway decent redemption in mind. Earlier this week, we reported on better-than-average availability in Iberia business class from New York or Chicago to Madrid, which costs just 34,000 Avios one-way during off-peak times in Iberia’s program (note: Boston is the same price but showed less availability, Miami costs a bit more but is still very reasonable). With the transfer bonus, that’s the equivalent of just under 24,300 Membership Rewards points each way. That’s a great deal for transatlantic business class travel with low fuel surcharges (~$100 total ex-US and around $135 ex-Spain).
Shorthaul flights can also be an outstanding bargain with this transfer bonus. The British Airways chart starts at 4500 miles each way for flights under 650 miles, which would amount to ~3200 Membership Rewards points before the bonus. Unfortunately, that’s only valid outside of the US — within the US, the shortest band is 7500 miles each way, which amounts to around 5400 Membership Rewards points. Those who fly with connections can do better with Iberia, as the shortest round trip itineraries can cost as few as 11,000 Iberia Avios, though note that you will have to book round trip if booking American Airlines flights (and AA flights booked with Iberia Avios are totally nonrefundable and non-changeable, so you’ll want to book with British Airways if you need flexibility).
Of course, some routes aren’t a deal and if you intend to fly through London on BA, fuel surcharges can be ridiculous. But there is definite value to be had in this bonus. As always, we have added it to our list of Current point transfer bonuses.
For some inspiration as to how to use your Avios, see these posts:
- From 11K RT on American: A sweet spot for North American flight redemptions
- Hacking Avios
- Searching for business class sweet-spots in Iberia’s OneWorld award chart
H/T: One Mile at a Time