HSBC has devalued point transfers and now most transfers at a rate of 1.25 HSBC point to 1 travel partner point. Previously the rate was 1:1. For most people this won’t matter as the cards have been discontinued/bonuses haven’t been offered for some time but some readers will have existing points/cards. There is currently a 25% transfer bonus for the Avios programs bringing it to the 1:1 rate.
Hat tip to TravelinSperry
