Get more from your points with these 5 transfer bonuses

Jun 3, 2022

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Editor’s note: This post has been updated with new information.


If you truly want to maximize your miles, periodic transfer bonuses can offer lucrative opportunities for fantastic points redemptions. You can sometimes get up to 50% more value from your points by transferring them to a specific airline or hotel partner during one of these bonuses.

To help make it easier for you to track these offers, we’ve compiled all of the current transfer bonuses for the major transferable rewards programs in this article.

Let’s look at the offerings. Just note that transfer bonuses are sometimes targeted, so not all bonuses may be available to you.

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In This Post

American Express Membership Rewards

Partner program Transfer bonus Transfer ratio End date Note
Air France-KLM Flying Blue 25% 1:1.25 June 15, 2022. Great for booking Promo Rewards at a discount.

Cards that earn Amex points

If you want to take advantage of future transfer bonus offers with American Express, you’ll need Membership Rewards points. And, if you’re looking to earn Membership Rewards points, the following Amex cards could be useful additions to your wallet:

Card Welcome offer Bonus category earning rates Annual fee
The Platinum Card® from American Express 100,000 Membership Rewards Points after spending $6,000 on your new card in your first six months of card membership. Terms apply. 5 points per dollar on flights booked directly with airlines or with American Express Travel (earn 5 points per dollar on up to $500,000 on these purchases per calendar year)

5 points per dollar on prepaid hotels booked with American Express Travel

$695 (see rates & fees)
American Express® Gold Card 60,000 Membership Rewards points after you spend $4,000 in your first six months of card membership. Terms apply. 4 points per dollar at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1 point per dollar) and on dining at restaurants

3 points per dollar on flights booked directly with airlines or through Amex Travel

$250 (see rates and fees)
The Business Platinum Card® from American Express Earn 120,000 Membership Rewards points after you spend $15,000 on eligible purchases with your card within the first three months of card membership. Terms apply 5 points per dollar on flights and prepaid hotels booked through Amex Travel

1.5 points per dollar on eligible purchases in select business categories and eligible purchases of $5,000 or more; on up to $2 million of these purchases per calendar year (then 1 point per dollar)

$695 (rates and fees)

You may even be targeted for a higher welcome offer (recently as high as 125,000 points) through the CardMatch tool. Keep in mind that CardMatch offers are subject to change at any time.

(Photo by Isabelle Raphael for The Points Guy)

Other ways to earn Amex points

You can also earn extra Membership Rewards when you enroll in Amex Offers and by shopping with Rakuten. You can even earn Amex points when buying or selling a home with RBN. Based on TPG valuations, Membership Rewards points are worth 2 cents each.

Most Membership Rewards transfer instantly to most programs.

Keeping track of transfer partners can feel like waiting in airport security. Fast-track your way to smarter points transfers with the free TPG App!

Related: Redeeming American Express Membership Rewards points for maximum value

Chase Ultimate Rewards

Partner program Transfer bonus Transfer ratio End date Note
Virgin Atlantic Flying Club 30% 1:1.3 June 15, 2022. Great for booking ANA flights to Japan and Delta tickets to Europe.
British Airways Executive Club 30% 1:1.3 July 31, 2022. British Airways is great for booking short and medium-haul domestic AA awards.
Marriott Bonvoy 50% 1:1.5 August 19, 2022. Award nights are now priced dynamically.

Cards that earn Chase Ultimate Rewards

If you want to utilize future bonus offers with Chase, the following cards could make good additions to your wallet.

  • Chase Sapphire Reserve: 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. Earn 3 points per dollar on travel and dining purchases.
  • Chase Sapphire Preferred Card: 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. Earn 3 points per dollar on dining purchases and select streaming services and online grocery purchases (excluding Target, Walmart and wholesale clubs), 5 points per dollar on travel purchased through Chase Ultimate Rewards (excluding hotel purchases that qualify for the $50 annual Ultimate Rewards hotel credit) and 2 points per dollar on all other travel.
  • Ink Business Preferred Credit Card: 100,000 bonus points after you spend $15,000 on purchases in the first three months of account opening. Earn 3 points per dollar on the first $150,000 spent in combined purchases in travel and select business categories each account anniversary year.
(Photo by John Gribben for The Points Guy)

Other ways to earn Chase Ultimate Rewards points

However, if you have one (or more) of the above cards, you can combine your Ultimate Rewards points into a single account. Then, you can effectively convert the cash-back earnings on the following cards into fully transferable Ultimate Rewards points:

  • Chase Freedom Flex: $200 bonus after spending $500 on purchases in the first three months of account opening. Finally, earn 5% cash back on up to $1,500 in combined purchases in rotating bonus categories each quarter you activate, 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and 3% at drugstores and 1% back on other eligible purchases.
  • Chase Freedom Unlimited: Earn an additional 1.5% on all categories on up to $20,000 spent in the first year. That’s a value of up to $300 cash back. Earn 6.5%  on travel purchased through Chase Ultimate Rewards, 4.5% on dining at restaurants, 4.5% at drugstores and 3% on other eligible purchases.
  • Ink Business Cash Credit Card: $750 bonus after spending $7,500 on purchases in the first three months of account opening. Earn 5% cash back on up to $25,000 in combined purchases at office supply stores and telecommunications providers each account anniversary year. And earn 2% cash back on up to $25,000 in combined purchases at restaurants and gas stations each account anniversary year.
  • Ink Business Unlimited Credit Card: $750 bonus after spending $7,500 on purchases in the first three months of account opening. Earn 1.5% cash back on all other eligible purchases.

To truly maximize your earnings with Chase, consider making the Chase trifecta (or quartet) a part of your card strategy. According to TPG valuations, Chase Ultimate Rewards points are worth 2 cents each when maximized with travel partners. Most Ultimate Rewards transfers will process instantly.

Related: How to maximize your Chase Ultimate Rewards points

Capital One

There are no currently active Capital One transfer bonuses. Of course, we’ll update this page if there’s a new transfer bonus.

How to earn Capital One miles

If you want to utilize a future transfer bonus offer, the following Capital One cards could make good additions to your wallet:

TPG’s valuations peg the value of Capital One miles at 1.85 cents each. For more details, check out our guide to all of the Capital One transfer partners, as well as how to transfer Capital One miles to airline partners. Finally, note that most transfers from Capital One will process instantly.

Related: Best ways to maximize Capital One miles

Citi ThankYou Rewards

Partner program Transfer bonus Transfer ratio End date Note
Qatar Airways Privilege Club Up to 40% 1:1.2 when transferring fewer than 20,000 points.

1:1.4 when transferring 20,000+ points.

June 30, 2022. You can transfer Qatar Avios to other Avios programs, like British Airways Executive Club.

How to earn Citi ThankYou points

If you don’t want to miss out on a future bonus offer, these Citi credit cards could make useful additions to your wallet:

  • Citi Premier® Card: Earn 80,000 ThankYou bonus points after you spend $4,000 on purchases in the first three months of account opening. You’ll earn 3 ThankYou points per dollar on air travel, hotels, restaurants, supermarkets and gas stations, as well as 1 ThankYou point per dollar on all other purchases.
  • Citi Rewards+® Card: Earn 20,000 ThankYou bonus points after you spend $1,500 on purchases with your card within the first three months of account opening. For a limited time, earn 5 ThankYou points per dollar on air travel and hotels up to $6,000 in the first 12 months; then 1 point per dollar spent thereafter. Earn 2 ThankYou points per dollar at supermarkets and gas stations for the first $6,000 per year and then 1 point per dollar after that. Earn 1 ThankYou point per dollar on all other purchases. Finally, the points earned on each purchase are rounded up to the nearest 10 points. However, note that you must pair this card with a premium Citi ThankYou card such as the Citi Premier to access a full-fledged, transferable ThankYou points account.

Based on TPG’s valuations, Citi ThankYou points are worth about 1.7 cents each. However, note that some Citi transfers will not process instantly. So, be sure to factor in the transfer time if you’re trying to book an award with scarce availability.

Related: Is Citi ThankYou Rewards the most underappreciated and misunderstood program?

Marriott Bonvoy

Marriott is not running any transfer bonuses at this time.  However, Marriott Bonvoy points convert to more than 40 airline partners at a 3:1 ratio. And, you’ll receive 5,000 bonus miles for every 60,000 points transferred. TPG’s valuations peg the value of Marriott Bonvoy points at 0.8 cents each.

How to earn Marriott Bonvoy points

If you’re looking to earn more Marriott Bonvoy points, the following Marriott Bonvoy cards may be of interest:

Be sure to review our tests of Marriott transfer times. After all, some airlines take a few days (or even weeks) to receive the miles.

Related: How to redeem points with the Marriott Bonvoy program

Should you transfer points now?

We only recommend transferring points if you have a short-term plan to use them. With the travel industry turning to rewards programs to drum up cash, promotions like these could spell out devaluations in the future. Transfers are irreversible, so you don’t want to be stuck with thousands of points in a program you have little use for.

If you don’t have a specific redemption in mind but still want to earn miles, you’re likely better off earning points and miles through credit card welcome bonuses and everyday spending.

Bottom line

When a transferable currency program offers a transfer bonus, it’s important to run the numbers to see whether the bonus is worthwhile. Generally, you won’t want to transfer your points without a specific redemption in mind. After all, transferable points are usually more valuable when they remain transferable. If you use the program frequently or plan to make a redemption soon, utilizing a transfer bonus can help you get more value from your points.

Did we miss any? Feel free to let us know by emailing tips@thepointsguy.com.

For rates and fees of the Amex Platinum Card, please click here.
For rates and fees of the Amex Gold Card, please click here.
For rates and fees of the Amex Business Platinum Card, please click here.
For rates and fees of the Marriott Bonvoy Brilliant Card, please click here.
For rates and fees of the Marriott Bonvoy Business Card, please click here.

Additional reporting by Andrew Kunesh, Katie Genter, Joseph Hostetler, Summer Hull, Liz Hund, Jason Stauffer and Kyle Olsen.

Featured photo by Zach Griff/The Points Guy.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.