AMEX - SPG Transfer option after August 2018

[rock86]

Hopefully they realised they screwed the rate up and improve it asap

Doubt it

 

[andye]

I think it very unlikely that it will go back to the transfer rate of old which was reasonably generous. However Amex and SPG/Marriott must be noticing that what was once a busy trade between the 2 companies has dwindled. I'd imagine it would make business sense to get sonething that was at least a consideration rather than outright dud

 

[potm]

Considering the US Amex transfer rate is 1:1 and the exchange rate, we are not far off at 3:2.
As much as I would love it to go back to the old rate, I don’t see any chance of it happening.
At most it would be a 1:1 rate which is still not great and wouldn’t result in much transfers.

 

[Kremmen]

What I wonder most about, apart from the outright lies and deception, is why they decided to screw over Australian cardholders. If we look at Canada, whose currency is of very similar value to ours, we see their Amex cards went from 1000 MR->1500 Marriott to 1000 MR->1200 Marriott. Ours went from 1000 MR->1500 Marriott to 1000 MR-> 667 Marriott.

I also wonder: Those who said they received notification, what card(s) was that for? I have a Platinum Edge and there was no notification at all on any statement.

 

[andye]

UK Amex MR transfer rate maintained their status quo at 2 MR:3 Marriott (previously 2 MR:1 SPG)
So has gone from being less generous tha Australia to more
Admittedly there isn't the equivalent of the Edge supermarket/ petrol bonus there.

 

[potm]

The UK is in pounds so their earning rate is a lot worse than ours and their credit card sign on bonuses are no where near as generous.

We had it bloody good before and now we are in the usual position of being disadvantaged for being Australian.

We still do very well on Krisflyer and Asia miles transfers so there is that.

By the time the notification came in the statement, there was already a halt on transfers in process as SPG was switching over to Marriott so there was no chance to make a transfer.

I had already transferred a lot of my points over preemptively but would have done more if I could before the cutoff.

 

[kkl]

I have prempted and transferred most points. I had close to another 1mil amex MR to transfer between the early cut off date. that pissed me right off

 

[andye]

The UK is in pounds so their earning rate is a lot worse than ours and their credit card sign on bonuses are no where near as generous.

We had it bloody good before and now we are in the usual position of being disadvantaged for being Australian.

We still do very well on Krisflyer and Asia miles transfers so there is that.

By the time the notification came in the statement, there was already a halt on transfers in process as SPG was switching over to Marriott so there was no chance to make a transfer.

I had already transferred a lot of my points over preemptively but would have done more if I could before the cutoff.

Agree we have historically done well on transfer rates if you adjust them for currency. KF remains excellent value. Asia Miles was outstanding until the availability tightened. SPG offered so many options which makes it such a loss
(I stand by my maths )

 

[potm]

Agree we have historically done well on transfer rates if you adjust them for currency. KF remains excellent value. Asia Miles was outstanding until the availability tightened. SPG offered so many options which makes it such a loss
(I stand by my maths )

Yes I agree with you. Especially with the transfers to Marriott and travel packages, the opportunities opened up to Australians was huge. It was a golden period of value, especially before the UA devaluaion.
I’m still using my stash of AA, BA, UA, AS and Marriott points. The game will be a lot less exciting after that with only Krisflyer and Asia miles redemptions to ponder over.

 

[HTG2016]

. The game will be a lot less exciting after that with only Krisflyer and Asia miles redemptions to ponder over.

Beside SQ and CX , my last 2 redemption via Etihad Miles with VA and PG is pretty good value in my book .

 

[potm]

Beside SQ and CX , my last 2 redemption via Etihad Miles with VA and PG is pretty good value in my book .

Yes, good point. There can be some niche good value uses of Ethiad, Virgin Atlantic and even Thai points.

 

[HTG2016]

It would appear that they are making Marriott wear the cost of the change as they have been working with Marriott to credit the points manually. So far they have been doing it in blocks and

So you need to call them up and do it manually for now ? i try to transfer some points over online but unsuccessful