Wow: 40% Transfer Bonus from American Express to British Airways, Iberia

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American Express is offering a 40% bonus on transfers from Membership Rewards to British Airways or Iberia, their two Avios partners, through November 15.

I do not see the offer going straight to the British Airways transfer page,

When I log in, though, the offer appears.

The offer is available on my account (I have The Platinum Card® from American Express) and also on my wife’s account (she has Premier Rewards Gold Card from American Express and The Business Gold Rewards Card from American Express OPEN, and is an authorized user on my Platinum card account).

After Chase renewed its deal to issue the British Airways Visa Signature® Card (which offers an initial bonus that lets you earn up to 100,000 Avios, and isn’t currently subject to 5/24), American Express reduced its transfer ratio from Membership Rewards to British Airways and to Iberia. Then last summer one-to-one transfers were restored which they highlighted by launching a 40% transfer bonus.

Well that 40% bonus is back to both British Airways and Iberia. There’s no limit to your taking advantage of this bonus, and the bonus points instantly included in the transfer.

Bear in mind that British Airways adds fuel surcharges to awards where those are a part of a paid ticket, however those miles are still useful for short haul awards (including short haul business class). And I love them for upgrading business class stackable sale fares to first class although some people call and get told no — over and over — I’ve not had a problem doing this myself.

Iberia offers great deals on transatlantic business class for fewer miles and very low fuel surcharges.

This offer is available for two whole months, so there’s plenty of time to take advantage of it. And of course Chase points transfer to British Airways and to Iberia also so there’s additional opportunities to top off an account with points from a Chase Sapphire Preferred Card or Ink Business Preferred℠ Credit Card.

(HT: One Mile at a Time)

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.


  1. @ Gary — Wow? Your valuations don’t support “Wow”. You value Avios at 1.2 cpp and MR at 1.8 cpp. Wouldn’t those valuations require at least a 50% bonus to break even?

  2. @Gene no matter what someone values Avios at, I get a much higher value when I use Amex points, especially in a bonus situation like this, than I could transferring points to any other airline. I transfer to BA but book on Aer Lingus.

    Chicago to Dublin, 13,000 points and $33. You can’t book any other airline for that. With the bonus, you use less than 10,000 Amex points.

  3. Does a transfer restart the 18 month clock on qualified activity on you BA account as I no longer have the BA card? thanks

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