Rewards are hard enough to come by these days so getting the most out of your redemptions should be at the top of your list. Naturally, transferable points will be your best bet thanks to their flexibility and versatility. But, there’s another reason to love these bank reward programs.
Each month, give or take, several of our favorite flexible-points currencies collaborate with their travel partners and offer bonus miles when you convert your points. And some of these bonuses are incredibly generous, ultimately allowing you to stretch your points further than ever.
Here are all of the current transfer bonuses available.
Transferable Bank Points
American Express Membership Rewards
- Amex is currently not offering any transfer bonuses.
Read more. American Express Membership Rewards: The Ultimate Guide
Capital One
- Currently Capital One is not offering any transfer bonuses for the month of June.
Read more. Capital One Rewards: The Ultimate Guide
Chase Ultimate Rewards
- Air Canada Aeroplan. Transfer your Ultimate Rewards to Air Canada’s Aeroplan and receive a 20% bonus on your miles. This offer is good through July 31, 2024.
- IHG One Rewards. Get an 80% bonus on your IHG One Rewards points when you transfer your Ultimate Rewards to your account through July 31, 2024.
Read more. Chase Ultimate Rewards: The Ultimate Guide
Featured Partner Offers For Travel Rewards Credit Cards
Citi ThankYou Points
- Cathay Pacific Asia Miles. Receive a 15% bonus on your Asia Miles when you transfer Citi ThankYou Points through July 20, 2024
Read more. Citi ThankYou Points: The Ultimate Guide
Should You Take Advantage Of a Transfer Bonus?
Before you send all of your points to an airline or hotel because of a seemingly lucrative and limited time transfer bonus, there are a few things to remember. First, make sure you have a booking in mind or are certain you will be using those miles sooner than later.
And even then, this can still be risky business because loyalty programs are known to devalue at any time, with no notice. These transfers are irreversible, so if you send all of your Ultimate Rewards to United MileagePlus, for example, and the program devalues, you’re out of luck.
The moral of this story is don’t jump on a transfer bonus just because it’s available so you don’t end up with a bunch of points you may not be able to redeem.
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How Often Do Transfer Bonuses Happen?
There isn’t much rhyme or reason as to when transfer bonuses will pop up. Generally, you will see at least a handful of offers at a time, but they will vary from one month to the next. A few airlines seem to come around with offers more frequently than others. British Airways and all of the International Airlines Group members that use Avios as their currency, for example, are seen somewhat frequently. Other common loyalty programs that offer bonuses at least a few times a year include Virgin Atlantic Virgin Points and Avianca LifeMiles.
Bottom Line
Get even more out of your points and miles by taking advantage of transfer bonuses. Sometimes you can get as much as a 50% bonus on your miles. Just make sure you have a plan to use them rather than speculatively converting your points.
