American Express Reducing Transfer Rate To Emirates To 5:4 (Currently 1:1)

Update 9/15/25: Last chance to transfer. 

American Express has updated the transfer page to Emirates to state:

Effective Sept. 16, 2025, the ratio for transferring Membership Rewards points to Emirates Skywards Miles will be changed from: ‘1 Membership Rewards point = 1 Skywards mile’ to ‘5 Membership Rewards points = 4 Skywards miles.

Citi will also reduce the transfer rate to 1:0.8 on 7/27. Chase paused transfers at one stage, so did BILT.

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