Bad news ANA transfer from AMEX is paused till March 2, 2026. No devaluation will come likely as ANA and AMEX are strong partners as shown here:
Also it is not a devaluation because for Emirates this card died or Citi would still have been 1:1:
Now Citi transferring to Wyndham at 1:1.25 is okay but Wyndham is now useless and sometimes sells at 0.7 cpp.That is all for today.