You can now convert Amex points to Avios with a 30% bonus (this can be good)

Other links to products and travel providers on this website will earn Traveling For Miles a commission that helps contribute to the running of the site. Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed, or approved by any of these entities. Terms apply to all credit card welcome offers, earning rates and benefits and some credit card benefits will require enrollment. For more details please see the disclosures found at the bottom of every page.

For the next six weeks, Amex is offering a 30% bonus to cardholders willing to convert Membership Rewards Points into Avios issued by three airlines, and in certain circumstances (discussed in this article), this bonus can be put to very good use despite some of the Avios devaluations we’ve endured in the past 12 months.

30% bonus for converting Amex points to Avios

Conversions from American Express Membership Rewards to Aer Lingus/BA/Iberia are usually instantaneous, but Amex warns that some conversions may take up to72 hours.

These are the key terms of the offer for conversions to British Airways Avios (conversions to the other two programs follow the same rules):

• You must be an eligible Membership Rewards Card Member enrolled in the British Airways Executive Club in order to participate in this offer.
• If American Express Rewards Checking and/or American Express Business Checking are your only Membership Rewards® Products, you are not eligible for this offer at this time.
• American Express is not responsible for availability of flight, accommodations or any other rewards in the British Airways Executive Club.
• Once you have transferred Membership Rewards points, they become subject to the Terms and Conditions of the British Airways Executive Club and cannot be transferred back to your Membership Rewards program account.
• Taxes, fees, charges, and surcharges, including airline surcharges, apply on British Airways redemption flights and upgrades.
• Minimum transfer is 1,000 Membership Rewards points.
• Redeem for this exclusive offer from 12:00 a.m. MT on 6/2/2025 to 11:59 p.m. MT on 7/15/2025 to receive 30% additional Avios.
• Additional Avios will be awarded at the time of transfer.
• Generally, transfers are immediate but please allow up to 72 hours for the transfer to be completed.

Full terms and conditions can be found on the Amex Membership Rewards transfer to partners page.

How does this compare to recent Avios conversion bonuses?

The 30% bonus offer that launched today matches the offer we saw published back in August 2024 and in July 2023, but it isn’t as good as the 40% offer we saw published in April 2022, but it’s probably safe to say that the days of 40% bonuses for conversions to Avios are behind us (at least until the next event that puts pressure on airlines and fares).

Should you convert to Avios?

Possibly.

We value Membership Rewards points at a conservative 1.5 cents each while we value Avios at just 1 cent each so, based that alone, a 30% bonus isn’t really worth considering.

Sometimes, however, the numbers don’t tell the whole story, and there will be times where you can get significantly more value out of Avios than the 1 cent at which we value them. That’s where this bonus may come in useful.

Key things to remember

Firstly, Aer Lingus, British Airways, and Iberia may all use Avios as their primary currency, but because they don’t all levy the same surcharges, it’s possible you’ll find that one program offers you a better deal than the other.

Secondly, Avios can be moved between Aer Lingus, British Airways, and Iberia free of charge (as long as your accounts are deemed to be active), so it doesn’t really matter in which airlines program you generate Avios from Membership Rewards points.

Thirdly, Aer Lingus, British Airways, and Iberia have been joined by Qatar Airways and Finnair as airlines that use Avios as their currency of choice, and they both offer different redemption options and attach different surcharges to their awards.

Avios can be moved from a British Airways account to a Finnair account or Qatar Airways account, so any Avios that you generate from an Amex conversion can also be used to book awards directly through Finnair or Qatar Airways.

Related: How to link Finnair Plus & British Airways Executive Club accounts

Short-haul bad news

Short-haul flights have almost always been where we’ve got most value out of the Avios that we use, but thanks to a string of devaluations in 2024, the number of Avios needed for short-haul bookings is now higher than it has been (historically).

The shortest flights on American Airlines & Alaska Airlines (up to 650 miles) now require 12,000 Avios for Economy Class (instead of 7,500 Avios), so while these routes once offered a great way to get good value out of Avios (especially when fares were high), now it may be more economical to use American Airlines miles or Alaska Airlines miles on these routes.

Short-haul flights on LATAM were also devalued in 2024, as were short-haul flights on Cathay Pacific and Japan Airlines (JAL), but despite this wave of bad news, there are still ways to get outsized value out of an Avios balance.

Short-haul good news

Generally, we consider Avios as a currency that we use to save us money rather than a currency with which we’re likely to book any truly aspirational short-haul awards, and if you look at it like that, things look a lot brighter.

Within Europe, for example, some routes can be stunningly expensive to book (especially when schools are out), and because British Airways limits the taxes & fees charged for Avios bookings on these routes, they can offer great value for someone with Avios to use.

Let’s say, for example, that we’d like to fly between London and Istanbul with British Airways this fall, we could find ourselves being asked to pay up to $615 for a hand baggage only round trip fare or $774 for a standard round trip fare (a ludicrous price for an intra-Europe route).

Using Avios, however, we can book the exact same flights for 18,500 Avios + £35 (~$47) in taxes/fees/surcharges.

Even without the conversion bonus we would be getting at least 3.0 cents of value out of each Membership Reward points or Avios we used to book this flight.

With the 30% bonus however, we would only need to use 15,000 Amex points to generate enough Avios to make this booking, and that would see us get at least 3.7 cents of value out of each Membership Reward point that we used.

That’s a very impressive return.

Sure, that could be viewed as an extreme example, but if you check pricing between London and destinations like the Canary Islands, Greece, and Cyprus during school vacations, you won’t find it too hard to replicate the example above.

Also, good short-haul deals aren’t limited to flights within Europe.

Australia is another country/region in which Avios can be put to great use on some of the shorter flights where pricing for Economy Class starts at just 6,000 Avios + ~US$37.00 and where Business Class flights start from just 12,500 Avios + ~US$37.00.

Considering a Business Class flight between Sydney and Melbourne can often cost at least AU$604/US$392 …

… without the conversion bonus you can get at least 2.8 cents of value out of each Membership Reward points or Avios used to book this flight.

With the 30% bonus, however, you would only need to use 10,000 Amex points to generate enough Avios make this booking, and that would see you get at least 3.5 cents of value out of each Membership Reward point used.

Even someone who values Membership Rewards points at 2.0 cents each would have to concede that this represents a great deal.

The Qatar Airways option

Historically (and with the exception of a few Iberia options), I haven’t ever really considered Avios to be a great currency when it comes to long-haul awards as often, the surcharges that come attached to such awards destroy any potential value.

With Qatar Airways Privilege Club, however, that’s not really the case.

With Qatar Airways charging from just 50,000 Avios (+ ~$159 in taxes/fees) for a one-way Business Class fare between Doha and Hong Kong (for example) …

… someone using this conversion offer would need just 39,000 Membership Rewards points to generate enough Avios to make that booking.

Also, with Qatar Airways charging from just 75,000 Avios (+ ~$159 in taxes/fees) for a one-way First Class fare on the same flight, someone using this conversion offer would need just 58,000 Membership Rewards points to generate enough Avios to make that booking.

Given that we value Amex points at 1.5 cents each, the cost of these two bookings (including taxes/fees) could be said to be $744 and $1,029 respectively.

Most people would probably agree that this is amazing value for a 8+ hour flight in Qatar Airways Business or First Class.

Note: You will require fewer American Airlines Miles and less cash to book these flights through AAdvantage, but as AAdvantage Miles are harder to generate than Membership Rewards points or Avios, this may or may not be important to you.

The Finnair option

Finnair’s Pinnar Plus program can be another good option when it comes to Avios bookings as it gives members another low surcharge option for long-haul bookings.

For example, Finnair Business Class awards from anywhere in the US to Helsinki start at just 62,500 Avios + surcharges.

Someone using the current Amex conversion bonus could book one of these Business Class awards by converting just 49,000 Membership Rewards points, so if you value Amex MR points at 1.5 cents each (as we do), you could say that the cost of booking these awards (including taxes/fees) would be ~$883 and ~$905 respectively.

Given the high cost of Business Class fares originating in the US, we consider both of these deals to be very good.

Bottom line

The 30% bonus offer that’s ending on Monday 30 September, matches the offers we saw published in 2024 and 2023, but isn’t as good as the 40% offer we saw published in April 2022, so it’s probably safe to say that the days of 40% bonuses for conversions to Avios are behind us (at least for the time being).

There can definitely be value in converting Membership Rewards points to Avios while there’s a 30% bonus on offer, but you should only be doing this when you have a plan for Avios you’ll be generating and when you can see that there are awards ready for you to book.

Nobody should be generating Avios in the hope of using them at some vague point down the line as there’s no knowing what will happen to the currency before the Avios get used.

If, however, you can see an award that you’d like to book and the numbers makes sense, converting Membership Rewards points to Avios to allow you to book that award could save you a lot of money and net you a great deal.