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

As I predicted last week (I finally got a prediction right!) Amex is now 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 couple of years.

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 to 72 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):

• Enrollment in British Airways Executive Club is required (or Iberia/Aer Lingus)
• American Express is not responsible for availability of flight, accommodations, or any other rewards in the British Airways Executive Club program.
•  Once you have transferred Membership Rewards® points, they cannot be transferred back to your Membership Rewards account.
• Transfers are normally immediate, but please allow up to 48 hours for the transfer to be completed.
• Please note that no booking can be made until the Avios are credited to your British Airways Executive Club account.
• Taxes, fees, charges and surcharges, including airline surcharges, may apply on British Airways redemption flights and upgrades.
• All redemption bookings are subject to the terms and conditions of the British Airways Executive Club (or Iberia Plus or Aer Lingus AerClub)

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 June 2025, August 2024 and in July 2023, but it isn’t as good as the 40% offer we saw published in April 2022.

That being said, it’s probably safe to assume that the days of 40% bonuses for conversions to Avios are behind us (at least until the next event that puts huge 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

Related: Qatar Airways makes it a lot tougher to redeem Avios for others

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 back in 2024 and some devaluations we’ve seen since then, 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), and British Airways increased the surcharges it adds to its own Reward Flight Saver redemptions  in 2025 and 2026, so there has been quite a bit of bad news on the short-haul front.

All that being said and despite the waves 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 (although not as much as it once did), they can offer great value for someone with Avios to use.

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 6,500 Avios + ~US$40.00 and where Business Class flights start from just 14,000 Avios + ~US$40.00.

Considering a Business Class flight between Sydney and Melbourne can often cost at least AU$590/~US$415 (and sometimes more) …

… without the conversion bonus you can get at least 2.68 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 11,000 Amex points to generate enough Avios make this booking, and that would see you get at least 3.40 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.

Bottom line

The 30% bonus offer that’s ending on Monday 30 September, matches the offers we saw published in 2025, 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.