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.
Devaluation is one thing, but isn’t it better than disappearance?
Chase is simply doing away with Emirates transfers:
https://www.doctorofcredit.com/chase-to-end-access-to-emirates-transfers-on-10-16-25/
It’s over Johnny, It’s Over ! DEVALUATION over and over again 😜
damn, that EWR -> ATH route has been treating me good, just went up 20%
DL, UA, AA, and Norse also fly nonstop (to Athens), but, yeah, EK was best. It’s a loss.
Next month Amex Travel rolls out “sit on 80% of an airline seat when you redeem Membership Rewards for free travel”. Then they’ll offer an Amex Rewards for $5 off of $500 in spend at MyFatOozesUnderTheArmRest.com
Synergy!
Not great, not terrible.
…0.8 roentgen
You get a nerf! And you get a nerf! Nerfs for everyone!
Higher annual fees and now they’re starting lower transfer rates