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Through June 15, 2018, the US American Express Membership Rewards program is offering a 25% bonus when you convert points into Air France KLM Flying Blue miles. Points ordinarily convert at a 1:1 ratio, though during this promotion you can convert 1,000 Amex points into 1,250 FlyingBlue miles.
There’s no limit to how often you can take advantage of this promotion, and the bonus is hard coded into the transfer ratio, meaning that you can earn the bonus on multiple transactions.
This type of transfer bonus is actually quite rare. With some frequency we see Amex transfer bonuses to British Airways Executive Club and Virgin Atlantic Flying Club, though it has been a while since we’ve seen a transfer bonus to Air France KLM Flying Blue.
There are so many great cards that accrue Membership Rewards points, and when you consider that some cards earn up to 2x points per dollar spent, you’re looking at quite a good return when you stack with a transfer bonus.
This promotion comes at an interesting time, as Flying Blue will have new award pricing as of June 1, 2018. They’re switching to a dynamic pricing model, though fortunately they’ll continue to have “saver” level award space, with reasonable business class pricing.
The great thing about Flying Blue is that it gives you access to more award availability on Air France and KLM than if you’re booking through a partner program. For example, a business class ticket from the US to Europe presently costs 62,500 Flying Blue miles, so you could transfer over just 50,000 Amex points and have enough miles for a one-way ticket. That’s a great deal, even with their (fairly mild) carrier imposed surcharges.
You could also leverage this bonus to score a deal on a Delta ticket. For example, a Delta ticket from the US to Europe costs 62,500 Flying Blue miles without any carrier imposed surcharges (though there are surcharges if originating in Europe), so you could redeem just 50,000 Amex points for that. As a point of comparison, SkyMiles directly would charge 70,000 miles for the same ticket.
There’s potentially a ton of value to be had from this promotion. That’s true regardless of whether you’re trying to redeem directly on Air France or KLM, or whether you’re trying to redeem on a SkyTeam partner, where a 25% bonus could represent an excellent value.
That being said, personally I wouldn’t speculatively transfer points to take advantage of this. The promotion is around for over six weeks, and I’d only transfer points with a short term use in mind. Typically points transfers from Amex to Flying Blue should be instant.
Do you plan on transferring Amex points to Flying Blue with a 25% bonus?
(Tip of the hat to @IadisGr8)