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Amex Reducing Points Transfer Rate to Cathay Pacific in 2026

This week, bad news started appearing on statements from American Express, alerting cardholders to an upcoming change. Starting March 1, 2026, the transfer rate from Amex Membership Rewards points to Cathay Pacific “Cathay,” the program formerly known as Asia Miles, will no longer be 1:1. Starting in March 2026, the transfer rate will lose 20% of its value, which is always a disappointing change. Here’s what you need to know about this upcoming …
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Frequent Miler broke the news in on Saturday, December 6, 2025.
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