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Amex Membership Rewards Changes in 2026: What It Means for Points Value and Selling Miles

American Express Membership Rewards (MR) remains one of the most powerful and flexible points currencies in the world. But as we move into 2026, subtle but important changes to transfer ratios and partners are reshaping how valuable these points really are—especially for travelers, resellers, and anyone considering selling airline miles or points. While there’s no new regulation in 2026 that directly bans or restricts selling Amex points, program-level changes are having a real impact on value, demand, and resale attractiveness. Here’s what you need to know. No New Regulations — But Real......

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