moderateDecember 28, 2025American Express · Membership Rewards → Cathay Pacific Asia MilesHigh RiskTransfer ratio cut

Amex announces Cathay Asia Miles reduction

Announced reduction to the Asia Miles transfer ratio, effective 2026.

🛡 Now protect what you have

Points Guard alerts you the moment any of your programs devalues — free, instant, from the team behind the Devaluation Tracker. Get alerts for your programs →

Source· verified Aug 9, 2026

Related changes

October 2, 2026FedEx removed from Business Gold $20 monthly Flexible Business Credit · American Express
October 1, 2026Lufthansa lounge access removed from Platinum and Centurion cards · American Express
September 15, 2026Resy credit expands to eligible Tock restaurants, wineries and experiences · American Express

← Back to the full Devaluation Tracker