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For fliers who earn their miles using American Express and are frequent users of British Airways or its partners, you might want to transfer your points ASAP.
A statement has been released saying the transfer rate will decrease by 20% – from 1:1 to 1:0.8. This means that if you have 1,000 American Express points, you will only be able to get 800 British Avios miles, which is a significant devaluation in my opinion. This comes as a surprise as the companies encouraged transfers before by giving bonuses. It’s such a shame because British Avios miles are so useful for redeeming short haul flights.
The devaluation will take effect starting October 1, 2015. If you use a lot of British Avios miles, or if you’re sure that you’re going to use them in the future, I highly suggest you transfer your American Express points before then.
