Originally Posted by nabeelj

I'm not suggesting this is a good idea for everyone, but an interesting idea for those who are flush with Amex Canada Membership Rewards points and have 15K SPG to "spare":

- Transfer 150K Amex into 75K SPG
- Transfer 90K SPG to 270K Marriott
- Redeem 270K Marriot for a Cat 1-5 Travel Package, resulting in a 7 night stay and 120K AA
- Current AA 25% bonus promo (thru June 15th) means you'd actually get 150K AA
- Call Marriott after a few months and ask them to refund the Cat 1-5 7 night cert, there have been reports of people getting 45K Marriott back, which can be transferred back to 15K SPG. However, YMMV. Regardless, I think a 7 night Cat 1-5 stay is worth more than 15K SPG, so I'll call this a wash.

So, ignoring the 15K SPG and 7 night Cat 1-5 cert, you would be to transfer Amex Canada MR to AA 1:1.