One of the key ideas I push on Head for Points is that transferable, or convertible, points are better than non-transferable points.
You can transfer 1 American Express Membership Rewards point into 1 Avios. You might think, therefore, that 1 Amex point is worth the same as 1 Avios. IT ISN’T.
1 American Express Membership Rewards points is worth MORE than 1 Avios. This is because, as well as converting to 1 Avios, it will also convert into 1 Virgin Point, 1 Etihad mile, 1 Flying Blue mile, 2 Hilton points, 1.5 Marriott points, 3 Radisson points, 0.5p of shopping vouchers, 0.45p of statement credit etc etc.
As well as giving you more choice, transferable points are also defensive. Even if you intend to convert your Amex points to Avios, it makes sense to keep them with Amex until the last minute. If you move them to Avios and BA moves the goal posts in terms of points needed or availability then you’re stuffed.
Other convertible points currencies include:
- HSBC Premier credit card points (four airline partners plus shopping vouchers)
- Tesco Clubcard points (Virgin Points plus many non-travel partners)
- Heathrow Rewards (various airline partners as well as shopping discounts)
You could, arguably, include Marriott Bonvoy points in this list too. It is the only hotel scheme where you get genuine good value if you convert your points to airline miles. This article looks at the 41 Marriott Bonvoy airline partners.
I do NOT include Nectar on this list, because transfers between Nectar and Avios are 2-way. It doesn’t matter where your points sit, because you can move them in either direction.
So …. convertible points are worth more than non-convertible points.
That is stage one. There is a second stage however ….. INSTANTLY convertible points are worth more than all other convertible points.
One – sensible – argument against not converting your points until you need them is that the transfer takes time. Even transfers which are quick, such as American Express transfers to Avios, still require you to wait overnight. It is possible that the redemption seat you wanted may have gone when they arrive.
Some American Express Membership Rewards partners have INSTANT transfers, however. The only caveat is that you need to have already linked your accounts.
This is your dream result. You can look for the seat you want and, when you find it, move the points and immediately book without any risk of losing the seat.
There are no HSBC Premier, Tesco Clubcard or Heathrow Rewards miles partners which allow instant transfers. This is a unique Amex feature.
There is one other UK Avios partner which allows instant transfers – Capital On Tap, via their Business Rewards Visa card for SMEs. You can learn more about Capital On Tap’s Avios earning credit card here. There is a bonus worth 10,500 Avios for signing up.
Which American Express partners offer INSTANT transfers?
As far as I know, the list of Membership Rewards partners which transfer instantly is:
- Delta SkyMiles
- Emirates Skywards
- Virgin Atlantic Flying Club
- Marriott Bonvoy
The most common reason for me to take advantage of instant transfers is when some new VIP packages for Arsenal appear for redemption on the Emirates Skywards website. I accept that this is not for everyone, however.
Transferable points, such as American Express Membership Rewards and HSBC Premier points, are more valuable than non-transferable points such as Avios.
The most valuable transferable points of all are those that transfer instantly.
Want to earn more points from credit cards? – October 2022 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
EDIT: Until 25th October 2022, there is an exceptionally generous sign-up bonus on The Platinum Card. You will receive 60,000 Membership Rewards points – double the usual amount – and £200 to spend at Amex Travel. You need to spend £6,000 within six months to earn the bonus.
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review
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
The Platinum Card from American Express
60,000 points (SPECIAL OFFER), £200 travel credit and unbeatable benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and 1.5 points for every £1 you spend Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers:
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
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
Capital On Tap Business Rewards Visa
10,500 points bonus – the most generous Avios Visa for a limited company Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.