Amex points transfer advice

[mdc3663]

Hi All, looking for some advice. My parents have accumulated 112k Amex points on their gold cards – they are not really travelling anymore due to their age so they just want to redeem them against buying some electrical goods with an online retailer which I know is not a great way to use them. I have a BA Amex card and accumulate Avios which I frequently use (with companion voucher) for reward flights so I’m wondering if it would be a better idea for me to give my parents a cash sum to ‘purchase’ the Amex points at a better value than they would get by redeeming them with an online retailer? If so, what would be a fair value for them and what would be the most efficient way to transfer them or get access to them? Appreciate your help!

[rams]

They can transfer to their BA account. You would need the recipient to be in same household as you and then you can use them

[BA Flyer IHG Stayer]

Do they have BAC accounts?

If not they need to be created.

Then transfer the avios into their individual accounts from their individual cards.

Then you create a HHA which allows you to use them.

Best not to use words like “buy and sell” as that’s against the T&C but there’s nothing to stop a good son / daughter buying their parents a washing machine or groceries …

But a good son / daughter would use a rate like 1p per avios rather than lower rates from using the points for shopping.

[Scott]

1p per Avios when redeeming for flights is generally considered a fair, if rough & ready, estimate of value.

If redeeming for shops and suchlike, they usually convert at a rate of 0.5p per Avios (this is the same rate if they used them as a credit towards their balance on the Gold cards, could be another option.)

I think you can buy Avios for around 0.9p if you use Avios Boost (someone can confirm the exact price), so I wouldn’t be paying more than that for them.

[louie]

Split the difference between 1p and what they can get the way they planned to spend them?