Originally Posted by
Demagere
On another facebook group ("Business Class & First Class Flights. Deals & More) I have been following the discussions/observations of other people who are faced with the same - call it "dilemma" - in that they now have to do something to continue to save miles with the BA Amex upcoming phase out. Other commentators also appear not to be too "enthusiatic" about the upcoming Beobank M&M Mastercard (as I and others had already tried to warn you in advance), - and another person was commenting there there might even be a 40K limit/cap per year (comparable with their other "Elite" cards offers).
While Beobank limits the potential cashback on their "Extra" or "Elite Travel" cards, they currently don't cap their mile-earning Flying Blue
cards:
Par année calendrier, il est possible d’épargner sans limite grâce aux cartes Beobank Flying Blue World Mastercard.
Per kalenderjaar kan onbeperkt gespaard worden dankzij de Beobank Flying Blue World Mastercard kaarten.
And amex will also cap the booster earnings. See the
Belgian MR T&C's:
De hogere Verdienratio geldt tot er een uitgavenplafond van 50.000 euro bereikt wordt binnen een termijn van 1 kalenderjaar (van januari tot december). Daarna wordt de Verdienratio teruggebracht naar de standaard verdienratio van het Membership Rewards Programma.
Le Taux de gain supérieur s’applique jusqu’à ce que le plafond des dépenses de 50.000 euros pour un délai d’1 an calendrier (Janvier à Décembre) soit atteint. Au-delà, le Taux de gain est ensuite ramené au Taux de gain habituel établi sous le Programme Membership Rewards.
Originally Posted by
Demagere
And on a last note, I visited a website called "cashformymiles.com" and apparently, some entities are offering usd937 for 100 000 Amex membership rewards. But I'm quite skeptical - I guess it's against the rules of Amex ( to exchange these rewards with non-recognized partners) - and it would almost amount to a whopping 3pct cash equivalent cashback. Membership rewards can be exchanged for other things, except air miles with the various airlines, The economics do not support 3pct cash back, so this is certainly something that looks suspicious...
Not commenting on the legality, but the value one can put on MR differs from country to country, so beware of "US valuation".
Transfer ratio varies (for instance, 1 Belgian MR = 2/3 British Airways avios or 2/3 Delta Skymiles while 1 Dutch MR = 0.8 British Airways avios or 1/3 Delta Skymiles) as well as the range of partners: for instance, Miles and More is a partner in BE but not in the NL.