Go Back   FlyerTalk Forums > Miles&Points > Credit, Debit and Prepaid Card Programs > American Express | Membership Rewards
Sign in using an external account

Reply
 
Thread Tools Search this Thread
Old Mar 18, 11, 8:17 pm   #1
 
Join Date: Mar 2011
Posts: 23
Where to transfer my Amex rewards

Hey everyone - this may have already been answered a million times, but I'm getting about 100K points from a relative, and I'm trying to figure out the best bang for the buck.

I have a CO OnePass account with about 240K that I could transfer into, or I could go with a hotel partner (Hilton, Starwood, etc.), or I could get a gift card, or I could just use it to buy a flight.

Any thoughts?

Thx!
nyfirefly11 is offline   Reply With Quote
Old Mar 18, 11, 9:27 pm   #2
 
Join Date: Jun 2009
Location: LAX
Programs: AA EXP
Posts: 6,573
Quote:
Originally Posted by nyfirefly11 View Post
Hey everyone - this may have already been answered a million times, but I'm getting about 100K points from a relative, and I'm trying to figure out the best bang for the buck.

I have a CO OnePass account with about 240K that I could transfer into, or I could go with a hotel partner (Hilton, Starwood, etc.), or I could get a gift card, or I could just use it to buy a flight.

Any thoughts?

Thx!
You're right. There is a post right below yours that asks the same question with almost the same words.
FlyMeToTheLooneyBin is offline   Reply With Quote
Old Mar 19, 11, 9:04 am   #3
 
Join Date: Mar 2011
Posts: 23
True, but it's talking specifically about the different airline rewards - my question is broader.
nyfirefly11 is offline   Reply With Quote
Old Mar 19, 11, 1:47 pm   #4
mia
FlyerTalk Evangelist, Moderator: American Express, Diners Club
 
Join Date: Jun 2003
Location: Miami & London
Programs: AA 2MM Perpetual Platinum; HH & SPG Gold
Posts: 19,389
Welcome to Flyertalk. No Membership Rewards redemption option even approaches the value of transferring to an airline frequent flyer program IF you subsequently redeem the miles for otherwise expensive tickets, such as international business or first class. Economy class airline tickets may also deliver good value if you redeem on a route with high fares due to insufficient competition.

Used for airline tickets you should return more than $0.02 per point. The Pay with Points program values points at $0.01 ($0.0125 for Platinum and Centurion cardholders.) Merchant gift cards offer $0.01. American Express gift cards offer $0.005. (Except during temporary promotions.).

Transfers to hotel programs are more difficult to value because hotel rates vary widely by location and date, but American Express sets the transfer rates low to protect their own hotel brand affinity cards.

Last edited by mia; Mar 20, 11 at 11:09 am..
mia is offline   Reply With Quote
Old Mar 19, 11, 9:45 pm   #5
FlyerTalk Evangelist
 
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 18,294
http://www.flyertalk.com/forum/ameri...ex-points.html
__________________
Special Credit Card Offers
UA Fan is offline   Reply With Quote
Old Mar 20, 11, 7:26 pm   #6
 
Join Date: Mar 2011
Posts: 23
Mia - thanks for the math - very helpful. OK, so I'll probably transfer to CO, unless another airline is offering major bonuses and looks good.
nyfirefly11 is offline   Reply With Quote
Old Mar 20, 11, 7:39 pm   #7
 
Join Date: Aug 2001
Location: DALLAS,TX AA EXP-3MM, HYT PLAT, SPG PLAT,HLT GLD,LEADERS CLUB
Posts: 1,170
welcome to flertalk! you may want to do a seach before asking a broad ranged question. How ever that depends on what you want to do with the points. Biggest bang for the buck well it is an airline award of course in a premium class. How ever knowing what Airline program to put them in is the real question need answerd. That acorse depends on where you want to go.
With a little more info it would help in giving you the answer you are looking for.
PETEFLYS is offline   Reply With Quote
Old Mar 21, 11, 9:30 am   #8
 
Join Date: Sep 2002
Posts: 175
I agree with most that Airline transfers are generally the best conversion, especially with the current 50% Delta and 40% BA bonus promotions. Since you mention that you have ~240K CO, the current promos may not be of interest. Unless there is a reason that you need to spend the points right away I would just bank them for now and wait for a promo that fits your needs better.
fstop75 is offline   Reply With Quote
 
 
Reply

Bookmarks


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off
Forum Jump


All times are GMT -6. The time now is 12:10 am.




SEO by vBSEO ©2011, Crawlability, Inc.