Amex Membership Rewards devalues Emirates Skywards point transfers - The Points Guy

Amex Membership Rewards devalues Emirates Skywards point transfers - The Points Guy

The Emirates Skywards frequent flyer program has taken another hit. American Express Membership Rewards members are seeing a notice on their transfer pages about a change in the transfer ratio to Emirates miles … and it is not for the better. Effective Sept. 16, the Emirates Skywards transfer ratio will drop from 1:1 to 5:4. This means that for every 5 Amex points you transfer, you’ll get only 4 Emirates miles. That represents a 20% loss of valu…

Amex reducing Emirates transfer ratio to 5:4

Towards the end of April, Citi announced that from July 27, 2025, they’d be reducing the transfer ratio to Emirates Skywards from 1,000:1,000 to 1,000:800. Since then, Emirates’s relationship with transferable currencies has been in flux. They’re a transfer partner of Amex, Chase, Citi, Capital One and Bilt and one-by-one, each of those transferable currencies announced that transfers to Emirates would be paused. Some gave a specific timeline fo…

Amex Membership Rewards Devalues Emirates Skywards Transfer Ratio

The Amex Membership Rewards program has just revealed a devaluation to the transfer ratio for one of its partners. This follows a similar move from Citi ThankYou, and I sure don’t love the precedent that this sets.Amex to Emirates transfers devalued to 5:4 ratioThe Amex Membership Rewards program has roughly 20 airline and hotel transfer partners, and currently, transfers to nearly all airline partners (except JetBlue TrueBlue) are at a 1:1 rati…

Transfer Rate From Amex to Emirates Will Drop in September

Bad news, Emirates fans. On September 16, 2025, American Express transfers to Emirates Skywards will devalue, losing their current 1:1 transfer rate. This follows other oddities with points transfers to Emirates Skywards. For example, Citi will soon drop its transfer rate, and other transferable points programs temporarily paused transfers earlier this year. Here’s what you need to know about this upcoming change. Amex Transfer Rate to Emirates …