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Old Dec 9, 2025 | 11:14 am
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Gongzuokuang
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Unhappy Cathay / AMEX Membership Miles devaluation
A number of sources are reporting that effective March 1, 2026, American Express is devaluating transfer miles. They have been including the announcement in statements.

It's been 1:1 forever.

Now it will be 5:4 (1000 MR to 800 Asia Miles)

Changes to Membership Rewards® Points Transfer Ratio for Cathay Pacific
Effective March 1, 2026 , the ratio for transferring Membership Rewards points to Cathay Pacific Asia Miles TM will be changed from:
“1 Membership Rewards point = 1 Asia Mile” to “5 Membership Rewards points = 4 Asia Miles”. You can review the current point
transfer ratio anytime athttps://global.americanexpress.com/rewards/transfer .
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