The U.S. American Express Membership Rewards program is offering a 20% bonus on transfers to British Airways through the end of the year.
To understand the opportunities and limitations of the British Airways program, see Unlocking the Value of British Airways Points.
So this is hardly one of the best deals they’ve offered. Nonetheless, transfer bonuses this year have been relatively sparse compared to recent years. And having a transfer bonus is a whole lot better than not having a transfer bonus. But this bonus doesn’t seem like a once in a lifetime opportunity that will get me to proactively transfer points to British Airways without a specific use for them.
If you’re cancelling an American Express card with Membership Rewards, you do want to get them out of the account if it’s your only card with Membership Rewards. And if the opportunities that tier to British Airways points work for you then this is a good deal.
Ultimately it’s a nice bonus, but it’s not a hugely exciting one in my book.