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American Express Membership Rewards are one of the most valuable transferable points currency (tied near the top at 2 cents each with Chase Ultimate Rewards). Amex also frequently offers transfer bonuses that give your points a nice multiplier.

Amex is back with its latest bonus, offering an extra 25% on transfers to Aeromexico through Feb. 14, 2019. This bonus is not targeted, and you should see the elevated transfer rate automatically reflected in your Amex account.

Membership Rewards normally transfer to Aeromexico Club Premier at a 1:1.6 rate, so with the current bonus, you’ll earn 2,000 Premier Points for every 1,000 Membership Rewards points you transfer. Aeromexico’s award chart, both for flights on their own metal and for SkyTeam partner flights, is fairly average. Not overpriced, but not many sweet spots to take advantage of either. But there’s one key reason you won’t want to overlook this transfer bonus, and that’s Club Premier’s SkyTeam “Go Round The World Pass.”

Around The World In One Ticket

Around the world award tickets used to be much more popular, but over the years we’ve seen many airlines discontinue them entirely or make the terms so burdensome and restrictive as to essentially ruin the program. Aeromexico Club Premier continues to offer one of the best Round The World (RTW) passes available. Here are the terms and conditions you need to know:

  • Valid only for travel on SkyTeam airlines.
  • RTW awards cost 224,000 miles in economy and 352,000 in business class. With the current transfer bonus, that comes out to just 112,000 Membership Rewards points in economy, and 176,000 in business class.
  • Travel must continue in the same direction, east or west (although there are some reports that Aeromexico is flexible on this if you’re backtracking to connect through a SkyTeam hub city).
  • Travel must begin and end in the same country.
  • You can have a minimum of three or a maximum of 15 stopovers, with no more than five per continent. A stopover is defined as any city where you remain for 24 hours before continuing your travel.
  • All flights must be booked in the same class of service.
  • Pass is valid for one year from the date of issue.

That’s barely any fine print for anywhere from four to 16 flights (since your origin/destination do not count as a stopover), and it leaves a lot of room for your wanderlust to plan the ultimate trip unimpeded.

Let’s Get Creative

The possibilities are literally endless here, but I’ll share two examples I came up with to demonstrate the incredible value you can get out of your Membership Rewards points this way.

The first one is a shorter trip, with six stops and seven total flight segments across Europe and Asia.

 

You could fly this route east or west, whichever you prefer, but let’s take a look at how it would break down:

Segment (Airline) Approximate cost in economy Approximate cost in business
1. New York (JFK) to Seoul (ICN) on Korean Air $1,000 $3,500
2. Seoul (ICN) to Shanghai (PVG) on Korean Air or China Eastern $200 $300
3. Shanghai (PVG) to Guangzhou (CAN) on China Eastern or China Southern $250 $500
4. Guangzhou (CAN) to Singapore (SIN) on China Southern $150 $1,000
5. Singapore (SIN) to Amsterdam (AMS) on KLM $1,300 $4,000
6. Amsterdam (AMS) to Paris (CDG) on KLM or Air France $200 $700
7. Paris (CDG) to New York (JFK) on Air France or Delta $2,500 $5,500

And now I’ll wave a magic wand and make some math happen:

Total cost of seven flights: Number of Amex points needed Value of MR points
Economy: $5,600 112,000 5 cents per point
Business: $15,500 176,000 8.8 cents per point

These numbers are just a sampling of what’s possible for one itinerary, but relative to TPG’s valuation of Membership Rewards points at 2 cents each, you’re getting an absolute steal by jumping on one of these RTW passes.

If you think that was exciting, good! But something is still missing from this map, namely the entire continent of Africa. Let’s see if we can’t fix that:

The 12 flights shown above would still qualify for an RTW award. We added stops in Hanoi (HAN), Moscow (SVO), Nairobi (NBO) and Madrid (MAD), as well as a few connecting flights through Cairo (CAI) and Jeddah (JED). While Jeddah is technically slightly east of Moscow, Aeromexico would likely still allow this booking if you don’t treat Jeddah as a stopover, but instead have a <24 hour connection on your way to Nairobi.

A good rule of thumb to follow when building an RTW itinerary is to make sure that you’re always flying to or from (or both) a SkyTeam hub city. In the above example, actually, all the destinations other than Cairo and Madrid are SkyTeam hubs. This guarantees that you’ll have ample flight options to choose from. Remember, while you’re likely to have more flexibility with a grand trip like this than you do with a short weekend vacation, you do still need to find award space for every segment of your trip.

Bottom Line

Aeromexico Club Premier has flown under the radar for a long time, but hopefully this limited time Amex transfer bonus will help give it the attention it deserves. If you’re looking to jump on this deal and take a long, slow, round the world trip at a fraction of the cost, just make sure to transfer your Membership Rewards points before the promo expires on February 14th. You don’t have to actually book by then, you only need to transfer your points by then to lock in the deal.

If you don’t have any Membership Rewards points now but want to take advantage of a future transfer bonus, you can earn them with a welcome bonus on an Amex card. Here are some of the best current public offers:

Featured image by John Gress/Corbis via Getty Images.

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The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), up to a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at Marriott and Hilton. Combined with the 60,000 point welcome offer -- worth $1,200 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the annual fee makes sense for you.

Apply Now
More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$550
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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