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American Express just announced a 40% transfer bonus to British Airways until March 31, 2011, which is a pretty phenomenal deal. The T&C say you can only receive the bonus once, but I’m not sure if thats true since the bonus is hard-coded on membershiprewards.com, so every time you transfer it has a ratio of 1,400 BA miles = 1,000 Amex. This isn’t a promo that you need to register for and wait for the miles to appear – the 40% bonus is included in the transfer. A Flyertalker reported transferring twice at the increased ratio and both transfers going through. Granted, I suppose Amex/BA could go back and take away the bonuses for any repeat transfers, but I think that would be unlikely. If you don’t have one already, you can get a Platinum card with 50,000 point sign up bonus when you spend $1,000 in three months.
BA has a pretty good award program that lets you redeem on all Oneworld carriers (like American, Qantas, LAN, Cathay Pacific, and JAL) and BA also allows one-way awards for half the price of a round-trip, with very flexible routing and stopovers.
The only thing that kills me about BA is the insane surcharges and fees. I booked clients from Toronto to Nairobi in First/Business and fees were about $1,250 per person. Granted, thats still better than paying the $15,000 asking price for the tickets, but BA is definitely on the high side when it comes to award fees. Also, BA’s Executive Club customer service is a bit annoying since there are usually 20 minute waits for the US line and it isn’t open 24/7.
Overall, I think this transfer bonus is a really good value, especially if you get to redeem for one of my favorite first class products- BA New First
Terms & Conditions:
Tip of the Hat to View from the Wing blog for finding this promo.
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The Platinum Card® from American Express
|Intro APR||Regular APR||Annual Fee||Balance Transfer||Credit Rating|
|N/A||N/A||$450||See Terms||Excellent Credit|