Particle.news
Download on the App Store

American Express Will Cut Asia Miles Transfer Ratio to 5:4 in March 2026

The cut reduces the value of Membership Rewards transfers, reflecting broader airline–bank renegotiations.

Overview

  • American Express has notified cardholders that transfers to Cathay Pacific Asia Miles will shift from 1:1 to 5:4 effective March 1, 2026.
  • At the new rate, 1,000 Membership Rewards points will convert to 800 Asia Miles.
  • The adjustment leaves Asia Miles award charts unchanged but increases the number of Amex points needed to book the same awards.
  • Frequent Miler highlights that Asia Miles still lists several 1:1 partners, including Bilt, Capital One, Citi, Mesa, and Rove.
  • Frequent Miler ties the move to similar changes involving Emirates Skywards and suggests other banks may lower Cathay transfer ratios as agreements renew.