We've got good news for you to begin your Friday with today! American Express Membership Rewards now transfer to British Airways and Iberia Avios at an improved rate of 250:250.

Previously, the transfer rate was 250 Memberships to 200 Avios (1:0.8). Personally I'm quite excited about the change in ratio. I love distance-based Avios for booking short hops that otherwise wouldn't make sense to redeem miles for, but also for sweetspots like Iberia Business Class between Brazil and Spain that I flew at the end of May for just 42,500 points.

“Redeeming American Airlines Miles” Series Index

Part 1 — 5 Ways to Stretch American Airlines Miles on Economy Redemptions
Part 2 — 6 Ultra-Luxurious First Classes to Book with American Airlines Miles (this post)
Part 3 — Where to Search Award Space for All Partners
Part 4 — Award Rules and How Many Miles You Need
Part 5 — Taxes, Fees, and Fuel Surcharges
Part 6 — Redeeming for Domestic Awards
Part 7 — Redeeming for Hawaii
Part 8 — Redeeming for East and Southeast Asia
Part 9 — Redeeming for Middle East and Indian Subcontinent
Part 10 — Redeeming

There are lots of obvious reasons why miles are better than cash, like the ability they give us to book mini palaces on planes that look like this...

...or the loose routing/stopover/open jaw rules of some programs that allow us to see more places on one trip.

But what about the smaller perks we often overlook? Like free or nearly free change and cancellation fees?

Nothing cries out for a BIG trip idea like a few weeks with nowhere to be.

I'm considering going from Hawaii to Croatia from mid-February to mid-March.

Prior to this weekend, American Airlines classified the premium cabin on all domestic flights (domestic First Class) as First Class, whether or not the plane had two cabins or three. It was distinguished with fare code F, A, or P.

The Citi® / AAdvantage® Executive World Elite™ MasterCard® 60,000 mile offer has expired. Check out the current best credit card offers here.

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Let’s talk about how to use American Airlines miles for awards to Europe. This is not the best use of American Airlines miles because award space isn't great, and American collects fuel surcharges on two partners to Europe.

One of the main reasons why people who don't know how miles work think that miles are a scam is because they searched award space in the wrong place! For instance, they wanted to use American Airlines miles and searched AA.com. While that sounds logical, that's often the wrong place to search. BA.com is often the better place to search.

Knowing how to use BA.com is crucial for making award bookings with British Airways Avios and American Airlines AAdvantage miles.

According to Airline Route, British Airways has begun operating its 787-9 Dreamliner on three routes from London-Heathrow:

Delhi
Abu Dhabi/Muscat
Kuala Lumpur

In 2016, it adds a ton of 787-9 destinations including several in the United States:

Austin from February 1
Newark from April 2
Philadelphia from April 9
San Jose from May 4
Houston from August 1
Boston from October 1

The British Airways 787-9 Dreamliner is exciting both because it is a brand new plane and because British Airways features First Class on the plane, which the British Airways 787-8 doesn't have.

These flights have fuel surcharges, but

Effective this Thursday, October 1, 2015, 250 Membership Rewards will transfer to 200 British Airways or Iberia Avios. That's a 20% reduction of the current 1,000 Membership Rewards to 1,000 Avios transfers.

This is a huge blow to Membership Rewards. It still has great 1:1 transfer partners like Delta, ANA, Aeroplan, and Singapore, but this majorly hurts the value of its best oneworld transfer partner.

In the past we've seen transfer bonuses from Membership Rewards to Avios like this year's 40% bonus.

British Airways is launching a new route from San Jose to London on May 4, 2016.

The new route will be flown by a 787-9 Dreamliner with flat beds in Business and First Classes.