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Amex Membership Rewards Changes Australia 2025 – Sell Points for Cash

If you use American Express Membership Rewards (MR) points in Australia, the landscape has officially changed. As of December 15, 2025, Amex has rolled out new airline transfer ratios across several major frequent flyer programs. These changes significantly reduce the value of MR points when converting them to airline miles—especially for premium international travel. For many cardholders, this update isn’t just a tweak. It’s a clear signal to reassess whether holding onto points still makes sense, or if selling Amex points for cash is now the smarter option. New Amex Membership Rewards......

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