American Express (Amex) will devalue the rate at which Australians’ Membership Rewards points transfer to seven airline partner programs this December. The biggest shift affects international airline transfer partners, with British Airways, Cathay, Etihad, Malaysia Airlines, Qatar Airways, and Virgin Atlantic all moving from the current 2:1 transfer rate to a much less favorable 3:1 ratio. Recent changes to Emirates’ program brings its redemption ratio to 4:1.
Not all transfer options are impacted. Popular....