Yes, you can transfer American Express Membership Rewards points to a wide array of airline and hotel partners, which is widely considered the best way to maximize their value. However, as of February 23, 2026, Amex implemented a significant devaluation in several markets (most notably Singapore and parts of Europe), increasing the number of points required to receive the same amount of airline miles. In the U.S. market, points typically transfer at a 1:1 ratio to partners like Delta, British Airways, and Hilton. A crucial rule to remember is that you can generally only transfer points to a loyalty account in your own name or the name of an authorized "Additional Card Member" who has been on your account for at least 90 days. Transfers are usually permanent; once you move points to an airline, you cannot move them back to Amex. Always check for "transfer bonuses," which Amex frequently offers, sometimes giving you 20% to 30% more miles for the same number of Membership Rewards points.