Maximize your transferable rewards with up to 40% bonus points

Jan 28, 2021

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Editor’s note: This is a recurring post, regularly updated with new information.

If you truly want to maximize your miles, periodic transfer bonuses offer some of the most lucrative opportunities for fantastic points redemptions. Specifically, you can often get up to 40% more for your points by transferring them at the right moment. And we’ve seen a rise of such offers recently as travel ramps back up.

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.

To give you an idea of the value of these bonuses, let’s say you transfer 70,000 Citi ThankYou points to Avianca LifeMiles with a 25% bonus. This would give you 87,500 Avianca LifeMiles – enough to book a Lufthansa first-class ticket from the U.S. to Europe. These flights often cost around $4,500 each way, so you could get a value of more than 6 cents per point.

Now that you have an idea of why you should care about transfer bonuses, let’s take a look at the current offerings. Note that some transfer bonuses are targeted, so not all bonuses noted will necessarily be available to you.

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In This Post

American Express Membership Rewards

Partner program Transfer bonus End date Note
Hilton Honors 40% Jan. 31, 2021 Hilton recently announced significant loyalty changes for 2021.

Cards that earn Amex points

If you want to take advantage of 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 bonus Bonus category earning rates Annual fee
The Platinum Card® from American Express 75,000 Membership Rewards® Points after you spend $5,000 on your new card in your first 6 months of card membership. 10x points on eligible purchases on your new card at U.S. gas stations and U.S. supermarkets, on up to $15,000 in combined purchases, during your first 6 months of account opening. 5x points on flights booked directly with airlines or through amextravel.com (starting Jan. 1, 2021, earn 5x points on up to $500,000 on these purchases per calendar year)

5x points on prepaid hotels booked through amextravel.com

$550 (see rates & fees)
American Express® Gold Card 60,000 Membership Rewards points after you spend $4,000 in your first six months of account opening.

Terms apply.

4x points on dining worldwide and at U.S. supermarkets (on up to $25,000 per calendar year in purchases; then 1x)

4x points on takeout and delivery

3x points on flights booked directly with airlines or through amextravel.com

$250 (see rates & fees)
The Business Platinum Card® from American Express 85,000 Membership Rewards points after you spend $15,000 on eligible purchases within the first three months of account opening.

Terms apply.

Earn 5x points on eligible purchases in 5 select business categories, up to 80,000 bonus points per category in the first three months of account opening.

5x points on flights and prepaid hotels booked through amextravel.com

1.5x points on each eligible purchase of $5,000 or more (on up to 1 million additional points per calendar year)

$595 (see rates & fees)
American Express® Green Card 30,000 Membership Rewards points after you spend $2,000 in your first three months of account opening.

Terms apply.

3x points on takeout and delivery, transit and travel $150 (see rates & fees)

The information for the Amex Green Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

You may even be targeted for a higher bonus through the CardMatch Tool. Keep in mind that CardMatch offers are subject to change at any time.

Other ways to earn Amex points

You can also earn extra Membership Rewards points through Amex Offers and by shopping with Rakuten. Based on TPG valuations, Membership Rewards points are worth about two cents each.

Most Membership Rewards transfer instantly to most programs.

Related: Redeeming American Express Membership Rewards points for maximum value

Chase Ultimate Rewards

Chase doesn’t run transfer bonuses very often. It offered its first transfer bonus to British Airways Avios back in 2019, then a 60% bonus on IHG Rewards Club transfers in August 2020 and then another 30% transfer bonus to Avios at the end of the year.

Unfortunately, it isn’t offering any transfer bonuses at the moment. We’ll update this page when there’s a new bonus.

Cards that earn Chase Ultimate Rewards

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

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 in the first three months of account opening. Finally, earn 5% cash back on rotating bonus categories on up to $1,500 in combined purchases each quarter you activate, 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and 3% at drugstores.
  • Chase Freedom Unlimited: $200 bonus after spending $500 in the first three months. Earn 5% cash back on travel purchased through Chase Ultimate Rewards, 3% on dining, 3% at drugstores and 1.5% on everything else.
  • Ink Business Cash Credit Card: $750 bonus after spending $7,500 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. Finally, earn 2% cash back on up to $25,000 in combined purchases at restaurants and gas stations each account anniversary.
  • Ink Business Unlimited Credit Card: $750 bonus after spending $7,500 in the first three months of account opening. Earn 1.5% cash back on all purchases.

To truly maximize your earnings with Chase, consider making the Chase quartet or Chase trifecta a part of your card strategy. According to TPG’s valuations, Chase Ultimate Rewards points are worth two cents each. And, most Ultimate Rewards transfers will process instantly.

Related: How to maximize your Chase Ultimate Rewards points

Citi ThankYou Rewards

Partner program Transfer bonus End date Note
Avianca LifeMiles 25% Feb. 25, 2021 With this offer, you can fly business class to Europe on carriers such as Swiss for as low as 50,400 miles.

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:

The information for the Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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?

Capital One

Unfortunately, Capital One isn’t currently offering any transfer bonuses. But, we’ll update this page if there’s a new transfer bonus.

How to earn Capital One miles

There aren’t any transfer bonuses currently. But, 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 1.4 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

Marriott Bonvoy

Marriott Bonvoy isn’t currently offering any limited-time transfer bonuses. But, 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 credit cards may be of interest:

  • Marriott Bonvoy Brilliant™ American Express® Card: Earn 75,000 bonus points after spending $3,000 on purchases in the first three months of account opening.  Earn 6x points at participating Marriott hotels, 3x points at U.S. restaurants and on flights booked directly with airlines and 2x points on all other purchases. However, this card has an annual fee of $450 (see rates and fees). Terms apply.
  • Marriott Bonvoy Boundless Credit Card: Earn 75,000 bonus points after you spend $3,000 on purchases in the first 3 months from account opening. Earn 6x points at participating Marriott hotels and 2x points on everything else. However, this card has a $95 annual fee.
  • Marriott Bonvoy Business™ American Express® Card: Earn 75,000 bonus Marriott Bonvoy points after using your new card to make $3,000 in eligible purchases within the first three months of account opening. Plus, earn up to $150 back in statement credits on eligible purchases made on your new card within the first three months of account opening. Earn 6x points at participating Marriott hotels and 4x points at U.S. restaurants, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping. Finally, earn 2x points on all other eligible purchases. However, this card has an annual fee of $125 (see rates and fees). Terms apply.
  • Marriott Bonvoy Bold Credit Card: 30,000 bonus points after you spend $1,000 in your first three months of account opening. Earn 3x points at participating Marriott hotels, 2x points on other travel purchases and 1x points on everything else. However, this card has no annual fee.

But, 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 generally only recommend transferring points if you have an immediate 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 worth considering 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 Amex Green 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 Carissa Rawson, Katie Genter, Joseph Hostetler, Summer Hull, Liz Hund and Jason Stauffer.

Featured photo by Markus Mainka/Shutterstock

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.