One of my readers email me a few days ago about this, I was in denial for a few days. But it is true. If you log into your RBC Rewards account, you will find the following wording:
- Please be advised of the upcoming changes to the conversion of RBC Rewards points to American Airlines AAdvantage miles through the RBC Rewards program. Effective May 2, 2017, for every 10 RBC Rewards points which is converted, you will receive 7 AAdvantage miles. A maximum of 500,000 points may be converted annually. A minimum conversion of 5,000 points continues to apply each time.
Normally, you can convert at a 1:1 ratio, with a minimum of 5,000 RBC Rewards points to American Airlines. It now drops to a 10:7 ratio, which is a 30% decrease. Imagine cutting your salaries by 30%. How would you feel about that? So much for waiting for a transfer bonus, they are going backwards instead. They also implementing an annual maximum as well. Which is pretty unnecessary because it will no longer valuable to transfer to AAdvantage anyway.
I do not have much more to say about this, because this stings too much (especially because RBC Rewards is one of my favourite rewards program). I just transferred my remaining RBC Reward points to American Airlines.