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Forums Payment cards American Express Amex points transfer bonus to Virgin Atlantic?

  • lovehfp 16 posts

    Recently AMEX of USA has additional 30% transfer bonus toward virgin atlantic, sadly it doesn’t apply to the UK.
    Does anyone know how often this offer appears in the UK? or it never happen before?

    Thanks

    executiveclubber 303 posts

    Transfer bonuses only seem to happen with HSBC here. Never seen an Amex one, presumably as they face basically 0 competition vs US

    Rob
    HfP Staff
    2,299 posts

    Won’t happen. Amex is desperate to stop people redeeming for airline miles (for which they pay a crazily high price) and to take gift cards or statement credit instead (0.5p cost to Amex).

    anuj 101 posts

    Why do they have so many in the US then?

    strickers 723 posts

    @anuj It’s a completely different market and much more profitable, just look at some the sign up bonuses on US cards.


    @Rob
    You have contradicted yourself here slightly, in the article on Qatar transfers you talk about bonuses but then say here that it would never happen. That said, apart from the odd transfer bonus from the HSBC WE card I can’t remember seeing anything for years.

    BBbetter 764 posts



    @Rob
    You have contradicted yourself here slightly, in the article on Qatar transfers you talk about bonuses but then say here that it would never happen. That said, apart from the odd transfer bonus from the HSBC WE card I can’t remember seeing anything for years.

    The difference is Qatar will be paying for it, and it’s most likely a one off, while in US, Amex pays most of it out of its own marketing budget.

    BBbetter 764 posts

    Why do they have so many in the US then?

    Simple economics. Interchange fees can go up to 2-3% in US while it’s less than 0.5% here. Plus competition between card providers.

    strickers 723 posts

    @BBbetter Qatar will pay for the bonus but Amex will stay have to pay for the main part which Rob says they are reluctant to do?

    BBbetter 764 posts

    @BBbetter Qatar will pay for the bonus but Amex will stay have to pay for the main part which Rob says they are reluctant to do?

    But that’ll be common for both US and UK. We are talking about the differences here – which is the incremental bonus.

    Even in the US, Amex would prefer that points are redeemed for credit or gift cards, but due to competition, they are forced to offer bonuses.

    Really hope Chase shakes things up.

    And more products like Revolut ultra.

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