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Transfer Amex Points to Domestic Airlines Without Fees

DDG
DDG

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Transfer Amex Points to Domestic Airlines Without Fees

American Express has announced some good news for its cardholders. If you have American Express cards that earn Membership Rewards points, you will no longer pay an excise tax when transferring those points to  U.S. airlines miles.

Before you get too excited, this is a temporary change due to the CARES Act that was passed earlier this year as the COVID-19 pandemic halted the economy and travel. American Express is waiving the excise tax fee for domestic airlines through December 31, 2020.

American Express, unlike other banks, charges an “Excise Tax Offset Fee” of 60¢ for every 1,000 points that you transfer to domestic airlines. Fees are limited to $99 per transfer. It’s not an outrageous fee, but it adds up for people who travel often, using Membership Rewards points.

Not only will fees be waived through the end of the year, but American Express is also reimbursing these fees retroactively, likely since the beginning of 2020.

Conclusion

Great news for people who are invested in the Membership Rewards program. You can definitely save a good amount of money if you are starting to plan travel once again. Just do not transfer points speculatively right now just because there is no fee.

HT: DansDeals

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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