Originally Posted by
memanny
Another question that props to mind is with BA, IB, QR and in near future AY all dealing with Avios, is there an arbitrage opportunity. As in would it better to accumulate miles in one program and spend it in another.
I am finding out i do not know much about IB, AY and QR FFP's.
If you have frequent-flyer accounts open and funded in each of those FFPs for at least 90 days, you should be able to transfer Avios between programs. You can fund an account by a transfer in from a credit-card program; you can also earn a few miles with BA or IB by taking a survey.
Each program has its own rules and fees. For example, a BA redemption on an AA domestic flight can be cancelled -- and your Avios refunded -- merely by forfeiting the $5.60 September 11 Security Fee paid when the award was booked; by contrast IB redemptions on AA are non-changeable/non-refundable.