Maximise your Avios, air miles and hotel points

Should you convert Amex, Heathrow Rewards or HSBC points to Avios on receipt?

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A regular question I receive from readers is about ‘convertible’ points.  There is a psychological desire to move, say, your Tesco Clubcard points to Avios as soon as you receive them, perhaps because you like to see your Avios balance increasing.

Is this the right approach, or should you leave your points where they are for as long as you can?

(As Tesco and Avios are parting company on 18th January 2021, of course, this question will soon be academic.  It remains relevant for holders of Amex Membership Rewards, Heathrow Rewards or HSBC points.)

Heathrow Rewards

Why ‘convertible’ points are more valuable than all other points

Let’s recap why you should value ‘convertible’ points more highly than other points, and why you definitely should not rush to convert them.

In general, you should value ‘convertible’ points more highly than a point which has no other use.  It is therefore worth choosing ‘convertible’ points when given the choice, and you should keep your points unconverted for as long as possible.

There are a number of ‘convertible’ currencies you will come across.  The main one is American Express Membership Rewards points, but Tesco Clubcard points, Heathrow Rewards points, HSBC Premier Mastercard points and most hotel scheme points are also, to a lesser or greater extent, convertible.

There is one thing you need to remember

This is the key point I want to make:

If you have 1 American Express Membership Rewards point, it has more value than 1 Avios point even though the former converts into the latter

There are various reasons for this:

An Amex point will hold its value better.   If you transfer them to Avios and Avios devalues, you have lost out – you can’t convert them back.  Keeping them as Amex points means that you have alternative options.

American Express or British Airways may decide to run a conversion bonus at some point for moving your points across to Avios.  If this happened, 1 Amex point would be worth more than 1 Avios.  (The possibility of a conversion bonus is why I NEVER recommend auto-converting Tesco points to Avios or Virgin Points, even if you are 100% sure that is what you will spend them on.)  Whilst I admit that Amex and Clubcard bonuses are rare, Heathrow Rewards and HSBC Premier HAVE been running them in recent years.

Amex may run a great promotion with another partner which allows you to get far more value from a point than you would get from 1 Avios.

Your personal priorities may change and you may decide that you would prefer to redeem your Amex points for something else other than Avios.  By not converting, you retain the flexibility. 

Should you convert Tesco Clubcard points to Avios?

I have written on HfP before that I do not convert my Tesco Clubcard points into Avios.  For years I used them for Safestore as we have some furniture with them and Safestore accepted Clubcard vouchers at 3 x face value. 

When that deal ended, we switched to Uber credit at 3 x face value.  My choice was to use 100 Clubcard points for either £3 off my Uber bills or receive 240 Avios.  If I took Avios I would be valuing them at 1.25p each – and I don’t.  Unfortunately the Uber deal has also ended now, leaving me looking for a new home for my Clubcard points.

Fast transfers are another reason to leave points where they are

There is another reason why keeping Amex and Tesco points in their ‘original’ form as long as possible makes sense.  Both convert to Avios points within 24 hours of a transfer being initiated. 

If a reward seat opened up and I didn’t have enough Avios, I would be confident enough to assume that the seat would still be there tomorrow morning when I could have converted points across.

Some American Express Membership Rewards transfers are INSTANT – Virgin Atlantic, Delta Air Lines and Emirates – as long as you have already linked your accounts.  There is absolutely no reason whatsoever, except for a conversion bonus, why you should move points to those airlines before you need them.

Some transfers, admittedly, are not instant.  Slow transfers are one reason why you may want to move across hotel points before you need them.  The last time I moved some Starwood (now Marriott Bonvoy) points to Lufthansa it took 28 days!  I was lucky that the redemption I wanted was still available.  You shouldn’t rely on a hotel scheme moving your points across to British Airways in a hurry.  If you will be totally reliant on a hotel transfer to make a redemption you have planned, you may want to move them in advance.


In general, if you want to maximise the value of your points then you want to maximise their flexibility.  For ‘convertible’ currencies, this means keeping them in their original form as long as possible.

PS.  If you are planning to cancel an Amex Platinum or Amex Gold card but don’t want to empty out your Membership Rewards account, there is a solution.  Get the Amex Rewards Credit Card, which is FREE and allows you to keep your Membership Rewards account open.  This article explains why the Amex Rewards Credit Card is an easy way to save your Membership Rewards points.

Amex Reward Credit Card ARCC

American Express Rewards

The only ‘free for life’ Amex card which earns Membership Rewards Read our full review

How to earn Avios points from UK credit cards

How to earn Avios from UK credit cards (November 2021)

As a reminder, there are various ways of earning Avios points from UK credit cards.  Many cards also have generous sign-up bonuses!

There are two official British Airways American Express cards with attractive sign-up bonuses:

British Airways BA Amex American Express card

British Airways American Express

5,000 Avios for signing up, no annual fee and an Economy 2-4-1 voucher for spending ….. Read our full review

British Airways BA Premium Plus American Express Amex credit card

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review

You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:

Nectar American Express

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

American Express Platinum card Amex

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Run your own business?

We recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, along with a sign-up bonus worth 10,500 Avios:

Capital On Tap Business Rewards Visa

The most generous Avios Visa or Mastercard for a limited company Read our full review

You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies and has a 30,000 Avios sign-up bonus:

British Airways Accelerating Business American Express card

British Airways Accelerating Business American Express

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review

Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.

(Want to earn more Avios?  Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)

Comments (16)

  • Scott says:

    I doubt there will be any sort of conversion bonus from clubcard points to Avios this quarter or during the next one.
    It doesn’t seem to be in Tesco’s interest to perhaps purchase more from a company who has decided to leave them at fairly short notice.
    Better for Tesco that the points go direct to store.

    Not sure whether to hold onto my vouchers until mid-January or just convert them as soon as the next lot arrive. Never know if the scheme might end prematurely, or by some miracle, some sweetener does get offered.

  • Mike says:

    I would be very keen on a finale bonus Clubcard to AVIOS. I have been an avid TESCO Clubcard fanatic for years to build up my AVIOS stash – I can’t see myself using TESCO much post the split

    • Rob says:

      …. which is the reason why I don’t expect to see a bonus! People will empty out regardless.

    • flyforfun says:

      I think with the data mining Tesco has done on clubcard users they know the true value of the Avios brand – very little. I don’t use Tesco as my main shop just the occasional top up here and there. The bonus offers on my statements have been non-existent the past few years. I use to use them to maximum effect. My statement used to have a lot of spin on them, but now it’s like “Here’s your £1. Bugger off now.”

    • David says:

      How do I spend 54000 Avios points. Will never uses them for BA flights. Used to use them to purchase wine.
      Asking Tesco and Avios gets me nowhere

  • Paul says:

    Any idea when HSBC usually run conversion bonus offers? I joined in Jan this year and have a nice pile but don’t want to jump too soon if they usually have an annual offer.

    • memesweeper says:

      I’ve seen one every year since I joined. HSBC points do eventually expire, so I wait for the bonus to come around and mop up those points with less than a year to live. I’m holding back the rest for either a redemption on, or transfer bonus to, Asia Miles or maybe another partner.

    • Genghis says:

      Last year was Aug and Dec (to BAEC).

    • Andrew M says:

      I suspect BA may have been waiting until after the 50% discount Avios redemption sale before running any HSBC to Avios bonus. The ability to combine those two offers would have been too generous as far as BA is concerned. Fingers crossed for a November HSBC to Avios bonus – maybe even a 50% one which has been offered in the past (once?).

      • Ben says:

        How do you know when the HSBC offer is made available? Not sure how it is advertised and I have read in the past people with HSBC have completely missed it!

  • Keiths says:

    I am in the camp of instant transfers from Amex.
    This is to clear down the MR balance ASAP to reset my 2 year cycle (especially this year as I messed it up by going for gold instead of platinum so didn’t get the introductory bonus but did create an MR Balance, meaning I need another 2 years to qualify for the introductory bonus)

  • Nick says:

    My last redemption of Amex points (pre covid) was for a short notice flight on SQ. Great value with low taxes (intra Asia) and I’d have had to pay big cash rates if I hadn’t had the Amex points available. Keeping the flexibility is absolutely a big bonus.

  • flyforfun says:

    I think with the data mining Tesco has done on clubcard users they know the true value of the Avios brand – very little. I don’t use Tesco as my main shop just the occasional top up here and there. The bonus offers on my statements have been non-existent the past few years. I use to use them to maximum effect. My statement used to have a lot of spin on them, but now it’s like “Here’s your £1. Bugger off now.”

  • KBuffett says:

    I would have considered Rob to be more of then Waitrose type of person, rather than Tesco.

    • Polly says:

      Waitrose is 5 mins from his home …
      We moved easily between W and T for years, def got hundreds of 1000s of avios in T. Would love if W tied up with BA. Now it’s Morrisons or W in our town so easy decision to not go to T now. Shame really, as was very used to shopping there, and petrol too.

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