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MR (USA) to BA/IB Avois reduced transfer ratio 1000:800 effective 10/01/2015

MR (USA) to BA/IB Avois reduced transfer ratio 1000:800 effective 10/01/2015

Old Jun 3, 15, 10:16 pm
  #1  
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Join Date: Aug 2013
Location: DFW
Programs: AA, UA, SPG, BA, HH
Posts: 81
Exclamation MR (USA) to BA/IB Avois reduced transfer ratio 1000:800 effective 10/01/2015

http://travelwithgrant.boardingarea....nti-transfers/

1000 reward ->800 BA Avios.

very bad
facehu is offline  
Old Jun 3, 15, 11:09 pm
  #2  
 
Join Date: Oct 2005
Location: SF
Programs: UA, VX, QF, EY, VA
Posts: 756
Hmmm... Is UR being devalued against Avios too?
patrick.barnes is offline  
Old Jun 3, 15, 11:27 pm
  #3  
 
Join Date: Feb 2005
Location: a hotel room, somewhere...
Posts: 958
the one thing that is predictable in this game is that if 1 airline/hotel tests the water, the others follow like sheep. thus, i fear this is only the beginning. a year from now i predict others will be below 1:1 with MR and also other currencies.

odd that it's BA leading though, as they are the airline known for outsized transfer bonuses. i've done 50% before. i've never done a tfr at 1:1- always wait for a bonus. sure i'm not alone there. so, 1.5 to .8 is quite the drop if they kill the bonuses too.
uncommonsensical is offline  
Old Jun 4, 15, 1:42 am
  #4  
 
Join Date: Jun 2011
Programs: AA EXP, SPG Plat, HH GLD (thanks Citi), former DL silver
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Originally Posted by patrick.barnes View Post
Hmmm... Is UR being devalued against Avios too?
Chase and BA just recently renewed their agreement, maybe this was forced by Chase?
nall is offline  
Old Jun 4, 15, 1:54 am
  #5  
 
Join Date: Nov 2011
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Wonder if this is US AMEX only?
yerffej201 is offline  
Old Jun 4, 15, 5:31 am
  #6  
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Wonder if AMEX is trying to clear out MR point hoarders?
TMM1982 is offline  
Old Jun 4, 15, 6:49 am
  #7  
 
Join Date: Apr 2011
Location: Texas
Posts: 242
I think after 33 years of having an AMEX they have finally broken the camels back. I will not re-new next year.
wesheltonj is offline  
Old Jun 4, 15, 7:16 am
  #8  
 
Join Date: Apr 2011
Location: SMF
Programs: Hilton Gold-Marriott Gold
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MR (USA) 1000 to 800 Avios (BA/IB) effective 10/01/2015

What's left that's above 1:1 except Hilton and maybe that will drop too
mike2200 is offline  
Old Jun 4, 15, 7:26 am
  #9  
mia
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Join Date: Jun 2003
Location: Miami & London
Programs: AA & Marriott Perpetual Platinum; HH Gold
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Originally Posted by mike2200 View Post
What's left that's above 1:1 except Hilton and maybe that will drop too
The numerical transfer ratio is unimportant, only the value matters. 1000:1500 HH is already poor if compared to the HHonors credit cards issued by both American Express and Cit,i which earn 3 points per dollar for general spending, and more in bonus categories.

It is evident that BA is trying to undo the problem they created by flooding the USA market with Avois over the past half-dozen years. They started by lowering the Chase BA VISA base earning rate from 1.25 to 1.00 point per dollar. It will be interesting to see if this spreads to Chase Ultimate Rewards, Diners Club Rewards, HSBC Premier, and Starwood Preferred Guest. Some of these companies have a poor track record of announcing changes before they are effective.
mia is offline  
Old Jun 4, 15, 8:32 am
  #10  
 
Join Date: Sep 2011
Posts: 22
At this point I have to seriously wonder why I keep paying for my Platinum Card. Amex is doing everything they can to get me to cancel the card
red grenadine is offline  
Old Jun 4, 15, 8:35 am
  #11  
 
Join Date: Apr 2011
Location: Texas
Posts: 242
Originally Posted by mia View Post
It is evident that BA is trying to undo the problem they created by flooding the USA market with Avois over the past half-dozen years. They started by lowering the Chase BA VISA base earning rate from 1.25 to 1.00 point per dollar.
They flooded the market with their own product the Chase BA card, not AMEX. I find it hard to believe that all the AMEX changes are being imposed on them by their vendors. I suspect AMEX just not want to pay the new going rate.

I also suspect that more folks are going to see there is little value left with AMEX or reason to have/use AMEX. Back in the pre-ATM days, pre-email, pre-cell phones, when they actually had offices everywhere and could walk in and cash a check or get an advance, they were useful, but now?
wesheltonj is offline  
Old Jun 4, 15, 8:46 am
  #12  
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
 
Join Date: Jun 2003
Location: Miami & London
Programs: AA & Marriott Perpetual Platinum; HH Gold
Posts: 38,586
Originally Posted by wesheltonj View Post
They flooded the market with their own product
I do not care if BA raised the price of Avois and Amex decided to buy fewer, or if BA imposed the new transfer ratio. The reality is that BA has partnered with nearly every mileage transfer program in the USA, and it has become more difficult to find award seats.

  • American Express Membership Rewards
  • Bank of America Merrill+
  • Chase BA VISA
  • Chase Ultimate Rewards
  • Diners Club Rewards
  • HSBC Premier
  • Starwood Preferred Guest

I have cards tied to all of these programs, and in some BAEC is the only partner of current interest. I suppose I should transfer now rather than wait for the additional shoes to drop.
mia is offline  
Old Jun 4, 15, 8:55 am
  #13  
 
Join Date: Nov 2014
Location: NYC
Posts: 581
Originally Posted by nall View Post
Chase and BA just recently renewed their agreement, maybe this was forced by Chase?
That's my guess. Especially with the Chase BA card dropping Avios awarded on everyday purchases from 1.25 Avios per dollar to 1.
NYCRuss is offline  
Old Jun 4, 15, 10:29 am
  #14  
 
Join Date: Feb 2005
Location: Marin County, California
Programs: Amex Centurion
Posts: 375
I believe this is just the latest ploy by Executive Club to continue cash flow coming into it's ever-devaluing currency.

They see MR as cash coming in and by making it appear that they are increasing the value of Avios and get yet another surge of cash from MR members thinking they'd better transfer now before "the next shoe drops". Plus with this latest surge they'll be pulling it in at a much better exchange rate (for them).

My guess is after October they'll soon run another bonus to keep the MR cash flowing. It's in effect, the usual Ponzi scheme run by Private Equity.
TravelStar is offline  
Old Jun 4, 15, 12:12 pm
  #15  
 
Join Date: Aug 2011
Location: DC
Posts: 133
Final straw for me. First time in 15 years I won't have a gold or platinum card.
nestafaria is offline  

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