American Express To Lower Transfer Rate To Cathay Pacific To 5:4 (From 1:1)

American Express has announced that from March 1, 2026 the transfer rate to Cathay Pacific Asia Miles will be reduced from 1:1 to 5:4. 

Effective March 1, 2026, the ratio for transferring Membership Rewards points to Cathay Pacific Asia Miles will be changed from: “1 Membership Rewards point = 1 Asia Mile” to “5 Membership Rewards points = 4 Asia Miles”.

It’s nice to see some advanced warning but it’s also troubling to see more and more transfer partners drop from 1:1 to lower rates (e.g Capital One to Emirates and American Express to Emirates). 

Hat tip to BuyerCompetitive6425 & DDG

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