2025 Amex Membership Rewards Devaluation

[shuuy]

Huh? Where are you getting the 2:1 option from, or indeed, the notion of MR to Atmos in Australia? Alaska Airlines yoinked Hawaiian out of the Membership Rewards program internationally as Alaska has its own preferred banking partnership, and it's not with AMEX. There was the loophole for a while to convert from MR to Hawaiian and onto Alaska, but that's closed. Expecting Atmos to become available, or that it'd be 2:1 unlike the other international partners, is a bit of a daydream, unfortunately. I'd be happy to be proven wrong, of course, but...

?? HA and AS programs now combined into one

 

[FlyingKangaroo]

View attachment 474587?? HA and AS programs now combined into one

You've successfully found a website error. The website should have been updated and clearly has not been. They were only very briefly a partner and it ended 30 June.

Click on the logo and it will take you to an updated screen whereon Hawaiian has disappeared.

 

[StayGoldPonyboy]

From 20 October 2025 to 2 November 2025, earn 10,000 bonus KrisFlyer miles when you transfer over 200,000 Amex Membership Rewards points to KrisFlyer.

https://www.singaporeair.com/en_UK/au/plan-travel/promotions/kf-promotions/american-express--australia/

Haven't read the whole thread, hope this hasn't been posted already. My maths is atrocious, is this 15% ?

 

[FlyingKangaroo]

Haven't read the whole thread, hope this hasn't been posted already. My maths is atrocious, is this 15% ?

Yep. One would hope they'd transferred the bulk of their existing points to SQ before the devaluation if that's where they wanted them, but if not and/or for points earned since, an improvement on current rates. A bonus is always better than no bonus.

Whether this is better value than transferring elsewhere while still 2:1 a subjective decision, of course.

 

[andye]

Yep. One would hope they'd transferred the bulk of their existing points to SQ before the devaluation if that's where they wanted them, but if not and/or for points earned since, an improvement on current rates. A bonus is always better than no bonus.

Whether this is better value than transferring elsewhere while still 2:1 a subjective decision, of course.

I tend to wait for a Amex:VA bonus. You then have miles in a non-expiring account that you can use on SQ/VA/QR or transfer to SQ if there is different availability

 

[daft009]

I tend to wait for a Amex:VA bonus. You then have miles in a non-expiring account that you can use on SQ/VA/QR or transfer to SQ if there is different availability

From my quick calculation....

200,000 becomes 66,666 + bonus 10,000.
Same 200,000 Going to VFF during a 20% bonus and then to KF is ~77419 so slightly better off.

Also in this special offer, can't tell if you transfer 2x 200k MR then do you get 2x 10k KF bonus

 

[kash_0]

They just get worse and worse it seems

 

[Jstr]

They just get worse and worse it seems

Yep.

I have been an avid points collector/spender for the last 8 years. I have referred many of my friends and colleagues to Amex for the game. I have flown myself and partner on J to Europe yearly with it.

But this has caused me to pause all my referral activities. The issue isn't just the lowered value, it's the overall reduced earning ability - clearly one cannot increase one's spending by 50% just to offset the 33% reduction in total points earned.

Even though my annual expenditure isn't exactly small, this still feels like the end of the party. Clearly there is no way to justify recommending Amex to any average salaried middle class employee now.

 

[burneracc]

Clearly there is no way to justify recommending Amex to any average salaried middle class employee now.

Definitely not the platinum but the qf ult is still an all round great offering imho

 

[Bell21]

Yep.

I have been an avid points collector/spender for the last 8 years. I have referred many of my friends and colleagues to Amex for the game. I have flown myself and partner on J to Europe yearly with it.

But this has caused me to pause all my referral activities. The issue isn't just the lowered value, it's the overall reduced earning ability - clearly one cannot increase one's spending by 50% just to offset the 33% reduction in total points earned.

Even though my annual expenditure isn't exactly small, this still feels like the end of the party. Clearly there is no way to justify recommending Amex to any average salaried middle class employee now.

I don't know how I felt about this - on one sense, you're right re the annoying points devaluation, but then again, it's about adjusting to the changes and working out if it's still valuable earning points to use on these partner airlines - however, wrt to the AMEX specifically, I'm keeping it b/c of the value i get out of its perks, rather than points earnings per se (and it still gives me 1:1 for QFF/VFF) - so overall, yes, bloody annoying, but for me, not the end of the party, just a less opulent party for a while...