Here’s a shocker…we have a devaluation happening.
It’s the last day to get a 1-to-1 ratio on transfers from American Express Membership Rewards to British Airways Avios points.
Like many of you, I built up a nice pile of British points with transfer bonuses from American Express every few months. Those bonuses are about to get significantly less valuable. Starting tomorrow, 1,000 Amex points will be worth just 800 Avios.
Blah.
