Cashing Out Membership Reward Points for British Airways Avios
Last February, my mother and father both signed up for the American Express Premier Reward Gold (PRG) credit card since it had a sweet sign up bonus: 50,000 Membership Reward Points after spending $1,000 in 3 months, with no annual fee the first year.
The Membership Reward Points posted after 2 months and then sat in their account. And sat. And sat some more. Until yesterday.
Since neither of them have any plans to use the Membership Reward Points, I decided to cash out their Membership Reward balance and take advantage of the 20% transfer bonus to British Airways Avios (link) before the December 31, 2013 deadline.
The Membership Reward Points were immediately deducted from my parents’ accounts and credit to their British Airways accounts.
- Mother: 22,000 Membership Reward Points x 1.20 = 26,400 British Airways Avios
- Father: 51,000 Membership Reward Points x 1.20 = 61,200 British Airways Avios
Good thing for me, we all belong to the same British Airways Household account.
Anyone have an ideas on what to do with 1 Membership Reward Point?
Since both of their Premier Reward Gold credit cards will have an annual fee coming up in February, the 20% transfer bonus was as good as any. I would have transferred the points to my SPG account, but 3 Membership Reward Points = 1 SPG Point is too hard to stomach. If you annual fee is coming due in the next few months, you may want to look into transferring some/all of your Membership Reward Points to British Airways, especially if you have a Household account.
If you have any questions, please leave a comment below. Happy holidays!