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American Express just announced that it will be launching two simultaneous transfer bonuses starting tomorrow, October 15, 2013.
From tomorrow through December 31, 2013, Amex will be offering a 20% bonus on points transfers to partner British Airways. Also starting tomorrow and running just through November 30, 2013, Amex will be offering a 30% transfer bonus to Virgin Atlantic.
While these aren’t the most lucrative Amex transfer bonuses that we’ve seen, even recently, they’re still something to consider if you were already thinking about transferring your points to either airline, or if you were instead going to transfer Chase Ultimate Rewards from your Sapphire Preferred, Ink Bold or Ink Plus accounts at a mere 1:1 ratio to either program.
I’m on a plane at the moment heading back from a busy weekend at the Chicago Seminars, but wanted to get this out there in case anyone was considering a transfer since you should wait until these go into effect and maybe even wait and see if Amex offers any other partner transfer bonuses in the near future.
I’ll write up some more detailed posts in the coming days on these transfer bonuses along with ideas on when they could be worth taking advantage of, but in the meantime, for more information, also be sure to check out these posts:
The Business Gold Rewards Card from American Express OPEN
|Intro APR||Regular APR||Annual Fee||Foreign Transaction Fee||Credit Rating|
|N/A||N/A||$0 introductory annual fee for the first year, then $175||2.70%||Excellent Credit|