This’ll be a short post, but as I’m trying to dig deeper on various credit cards, I happened to find the following statement, which to me, seems like a red flag.
If you’re looking for the URL, I found it here
I’m no expert, but it seems to me like this significantly devalues the benefits for the few U.S. Airline frequent flier transfer programs, which are listed below.
So if I read the terms correctly, that means that for transferring American Express Membership Rewards to Delta Skymiles, Frontier, JetBlue, or Virgin America’s Elevate. You run the risk of incurring up to a $99 fee.
Update: As many folks have commented (thanks to everyone by the way), this has been in place for quite some time. Still something to remember when transferring Membership Rewards points though!