In the 2026 rewards landscape, Amex Membership Rewards (MR) points are generally considered superior because of their extreme flexibility. Amex points act as a "universal currency" that can be transferred to over 20 different partners, including Avios (British Airways/Qatar Airways), Delta, and Marriott. This means you are never locked into one airline. Conversely, Avios are a specific "loyalty currency" used primarily by International Airlines Group (IAG) carriers. While Avios are incredibly valuable for short-haul flights in Europe or booking "Qsuite" on Qatar Airways, they are subject to the specific devaluations of those airlines. If you hold Amex points, you can wait for a "Transfer Bonus" (often 20–30% extra) to move them to Avios, effectively making 100,000 Amex points worth 130,000 Avios. Therefore, unless you are an exclusive British Airways flyer with high-tier status, it is always better to earn Amex points first and only convert them to Avios when you have a specific, high-value flight in mind. Amex points provide a "safety net" against airline-specific devaluations that Avios cannot offer.