Heads up to anyone who takes advantage of BA Avios. Amex is reducing transfer value, 250 membership rewards points will now be required in order to get 200 british airways avios. This reduces value by 20% making each membership rewards point worth 0.8 british airways avios.
For those of you who rely on this travel currency, it might be time to switch to a chase ultimate rewards card that transfers to BA at a 1:1 ratio, or to the BA card itself.
This change will take effect on October 1, 2015. I just transferred the last 1k points out to BA now, and my PRG will be closing in september when the AF is due.
Side note for those of you with a premier rewards gold card, if you haven't already pick your airline for the new $100 airline incidental credit, and you also just started earning 2 points/dollar on restaurants.