American Express is running another Velocity Frequent Flyer transfer bonus until 15 March 2019. The promotion offers 15-25% bonus Velocity Points for each Membership Rewards transfer depending on how many points are transferred.
|Membership Rewards points||Bonus Velocity Points|
|Up to 250,000||15%|
|250,001 – 500,000||20%|
With the upcoming American Express devaluation occurring on 14 April 2019, now is an excellent time to transfer your points to keep their value. The transfer rate between Membership Rewards and Velocity Points will drop to 2:1 for many American Express credit cards instead of the current 1:1.