Amex Devaluation?

[elogic]

Not sure if this has been posted or anyone has more info

Australian Amex Membership Rewards Devaluation Incoming? — The Modern Day Lifestyle

Post by The Modern Day Lifestyle

buymeacoffee.com

 

[levelnine]

Being discussed here: Credit Card Offers - Amex Platinum Card Benefits, Offers & Discussion

 

[MathNerd]

If VA stays at 2:1 then that's great.

However, its value proposition only remains competitive if Amex continue their half-yearly transfer bonuses to VA, as that's how you can unlock a little extra with KF (as MR -> KF is 3:1 but MR -> VA can be 2:1.15 (or 4:2.3) and then VA -> KF will be 2.3:1.48, meaning 4 MR becomes 1.48 KF as opposed to the direct getting only 1.33 KF.

Let's see what's happening overall, but all these devaluations are making the points game harder and harder, especially for average Joes who will have no hope of getting much value out of the systems (especially with low to medium spends).

The RBA has a lot to answer for!