YES transfers are free - it was me who mentioned the charge earlier - I was passing on info supplied to me from DJs reps - they were wrong.
No cap on earning - no cap on transfers to airline partners.
The fee to transfer is if you GIFT to someone else - $5 / 1,000pts - max 50K GIFTING pa.
Sounds like it is very tricky!!!
Damn right - if it confused a rocket scientist like myself what chance do you mere mortals have?to me this is intentionally confusing
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Definitions used in this post:
Rewards point (RP) = no more than a measure of accrual/spend per month, these are directed to one of the below monthly:
DJ Membership Rewards (DJMR) = a parallel scheme to the standard direct Amex Ascent Membership rewards run by Amex for accumulation of DJMR points
Amex Ascent Membership Rewards (AAMR)= The standard MR scheme we are mostly used to which accumulates AAMR points.
Options:
- Transfer direct sweep to QFF at 1x RP : 0.75 QFF points
- Conversion to DJMR at 1 : 1 for accumulation in the DJMR scheme. This is free of charge. DJMR points are transferred to partners at varying rates, but most airlines are 2:1
- DJMR points may be moved, or 'gifted' to other people, but this method also allows one to gift to ones own AAMR account. The cost is $5 / 1000 points. AAMR allows transfer to most partner airlines at 1:1. Aside from the cost involved there is also a 50,000 DJMR point cap per year (on transfers).
Good summary.
Note that if you use your points for mileage transfers to a FFP,
there is no need to move your points from DJMR to AAMR,
just transfer directly to the FFP.
You can choose to transfer direct to a FF program at 2:1 _or_ transfer up to 50,000 DJMR points per year to AAMR and then transfer those to a FF program at 1:1, but at an additional cost of 0.5c / point.
Hope this post: http://www.australianfrequentflyer....ican-express-platinum-37805-7.html#post682505
goes some way to showing that transferring to Ascent and copping the 0.5c is probably the cheapest per point option (for non QF airlines) until one spends more than $5000 a year at DJ (including the 30K free points). QFF direct earn appears to offer the cheapest cost per point.