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American Express Membership Rewards points are already one of the most valuable transferable currencies in TPG valuations due to the wide range of valuable transfer partners. And now, MR points just got a little more valuable with the addition of a new 1:1 airline transfer partner: Qantas.

As discovered Friday morning by Dan’s Deals, the Oneworld airline was added to the list of transfer partners on the Membership Rewards website:

While Membership Rewards typically requires members to transfer points to partners in increments of 1,000 MR points, you can transfer points from Membership Rewards to Qantas in increments of 500 points. That can be especially helpful for when you need to top off your Qantas account for a redemption.

Even better, in TPG testing, the points are transferring immediately from Membership Rewards to Qantas.

This addition makes 22 transfer partners of American Express Membership Rewards — 19 airline programs and 3 hotel programs. TPG currently values Membership Rewards points at 2 cents apiece, but he doesn’t have a valuation of Qantas Points (yet).

This adds a fourth option for accumulating or topping off your Qantas account. Membership Rewards joins Citi ThankYou Points (1:1 ratio, 2-day transfer), Marriott Bonvoy (3:1 ratio, <48-hour transfer time) and Capital One (2:1.5 ratio, 24-hour transfer time).

How to Transfer Miles

As noted above, you can transfer Membership Rewards points to Qantas in increments of 500 points at a 1:1 rate. But first, you’ll need to link your Qantas account to Membership Rewards before you can transfer. I was able to instantly link my accounts.

For the test, I chose the minimum transfer of 500 points:

When I initiated the transfer, I received the following message:

We are processing your points transfer to Qantas Frequent Flyer. For Qantas, transfers normally occur immediately, but please allow up to 48 hours.

By the time that I logged out of my Qantas loyalty account and logged back in, the points had already posted — confirming that the transfer was indeed immediate:

How to Earn Membership Rewards Points

If you’re excited about this new transfer partner, there are currently some lucrative ways of earning Membership Rewards points:

  • The Platinum Card® from American Express: 60,000 Membership Rewards points welcome bonus for spending $5,000 in the first three months of card membership. Plus, earn 5x points on flights booked directly with airlines or with American Express Travel and prepaid hotels booked on amextravel.com.
  • American Express® Gold Card: 35,000 Membership Rewards points welcome bonus for spending $2,000 in the first three months of card membership. Plus earn 4x points at restaurants and at US supermarkets (on up to $25,000 per year in purchases; then 1x) and 3x points on flights booked directly with airlines or on amextravel.com.
  • The Business Platinum® Card from American Express: Earn up to 75,000 Membership Rewards points: 50k after spending $10,000 and another 25k after spending an additional $10,000 all in the first three months of card membership. Plus earn 5x points on flights and prepaid hotels on amextravel.com.

Featured photo by Ryan Patterson / The Points Guy

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The Platinum Card® from American Express

WELCOME OFFER: 60,000 Points Terms Apply.

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: Delta Sky Club and Centurion lounge access, $200 annual airline fee credit and up to $200 in Uber credits annually

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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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.

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