Should You Transfer Your American Express Membership Rewards Points to Eurostar?

Aug 29, 2019

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There are plenty of different uses for valuable Membership Rewards points in the UK. They are what we call a ‘transferable currency’, meaning you can choose when, where and how you transfer them to different programmes — airlines, hotels and more.

We are big fans of transferring to both airline and hotel programmes where you will receive the following:

Programme Ratio Transfer Time
Air France-KLM Flying Blue 1:1 4 working days
Alitalia MilleMiglia 1:1 3 working days
British Airways Executive Club 1:1 3 working days
Cathay Pacific Asia Miles 1:1 3 working days
Delta SkyMiles 1:1 up to 30 minutes
Emirates Skywards 1:1 2 working days
Etihad Guest 1:1 5 working days
Finnair Plus 1:1 3 working days
Iberia Plus 1:1 4 working days
SAS EuroBonus 1:1 5 working days
Singapore KrisFlyer 1:1 3 working days
Virgin Atlantic Flying Club 1:1 usually 30 minutes
Hilton Honors 1:2 5 working days
Marriott Bonvoy 2:3 5 working days
Radisson Rewards 1:3 10 working days

But there are is another transfer partner that you might now know about — Club Eurostar. So what are the values you can obtain from this partner, and does it make sense to choose Eurostar over airline and hotel partners?

Club Eurostar

The conversion rate for Club Eurostar is 1,500 Membership Rewards points become 100 Club Eurostar points. While this might seem like terrible value compared to 1,500 Avios, be aware that Club Eurostar points are valued very differently.

You can redeem your points for return Eurostar tickets from London to all destinations at the following amounts:

  • Standard — Value ticket: 1,000 points; Anytime ticket: 1,500 points
  • Standard Premier — Value ticket: 2,000 points; Anytime ticket: 2,500 points
  • Business Premier — Anytime ticket: 3,000 points

There are no blackout dates or pesky fees, taxes and surcharges, but do note there are a limited number of Value tickets on each service. After they’re sold out, all other spare seats are available as Anytime returns.

So, if you can book a Standard value ticket from London to Paris return, this would cost you 1,000 points, or 15,000 Membership Rewards points. The cost of cash fares on this route can vary enormously. Looking at this weekend, the cheapest return is £209.

This would mean you would get £209 from 15,000 Membership Rewards points, or around 1.4p value from each point. This is higher than TPG UK’s valuation of Avios or Flying Club miles. So, if you are using them for this purpose it would be a great transfer option.

That being said, if you’re booking in advance (and not travelling on peak times), the tickets can be much cheaper. Here are the prices for Tuesdays in November — very reasonable.

Using 15,000 Membership Rewards points would give you a value of only 0.4p value from each point — one of the lowest value uses you can obtain (even gift vouchers would give you more value!).

If you’re able to find Value seats at times where cash fares are high they can be a great value — if not, consider airline or hotel redemptions instead.

You can also use your Eurostar points for discounts on paid fares, such as 200 points for a £10 discount. 200 Eurostar points would be 3,000 Membership Rewards points, so only a 0.3p per points value — not a good redemption option.

The great thing is you can keep your points in your Membership Rewards account until you decide when, how or where to use them.

Featured photo by Kathleen Porter Christiansen / The Points Guy

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