Transfer bonuses can offer lucrative opportunities to maximize your points and miles and work your way toward fantastic award redemptions. You can sometimes get significantly more value from your rewards by transferring them to an airline or hotel partner during one of these bonus periods.
Remember, though, that these are limited-time offers, so you’ll need to act fast if you find one that suits your travel plans.
We’ve compiled transfer bonus updates for most major programs with transferable rewards to make tracking these offers easier. Just note that transfer bonuses are sometimes targeted, so some may not be available.
Chase Sapphire Reserve®: Earn 100,000 bonus points plus a $500 Chase Travel℠ promo credit after spending $5,000 on purchases in the first three months from account opening (see rates and fees).
Active credit card transfer bonuses
We’re currently seeing multiple transfer bonuses from:
| Transfer from | Transfer to | Bonus details | End date |
|---|---|---|---|
| American Express Membership Rewards | Hilton Honors | up to 30%; targeted | Amex has not disclosed an expiration date for this offer. |
| Capital One miles | Avianca LifeMiles | 15% | Aug. 31 |
| Chase Ultimate Rewards | Marriott Bonvoy | 50% | Aug. 15 |
| Citi ThankYou Rewards | Leaders Club | 25% | Aug. 23 |
American Express Membership Rewards transfer bonus
American Express Membership Rewards is offering a targeted (up to) 30% transfer bonus to Hilton Honors. This targeted offer does not have a set expiration date, but check your accounts to see if you have access to this bonus.
Membership Rewards points typically transfer to Hilton at a 1:2 ratio. Several TPG staff members were targeted for the 30% transfer bonus, which means 1,000 American Express Membership Rewards points will turn into 2,600 Hilton points. Another TPG staffer was only targeted for a 25% transfer bonus, which means 1,000 American Express Membership Rewards points equate to 2,500 Hilton Honors points. Hilton uses dynamic pricing, so the number of points needed to book an award stay can vary depending on timing, seasonality and other factors.
How to earn American Express Membership Rewards points
If you’re looking to earn more of these valuable points, the following American Express cards could prove useful additions to your wallet:
- The Platinum Card® from American Express: Find out your offer and see if you are eligible for as high as 175,000 Membership Rewards points after spending $8,000 on purchases in the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.
- American Express® Gold Card: Find out your offer and see if you are eligible for as high as 100,000 Membership Rewards points after spending $6,000 on purchases within the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.
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Based on TPG’s August 2025 valuations, Membership Rewards points are worth 2 cents each, and our tests indicate that they transfer instantly to most of American Express’ transfer partners.
Related: How to redeem American Express Membership Rewards points for maximum value
Capital One transfer bonus
Capital One is offering a 15% transfer bonus to Avianca LifeMiles until Aug. 31.
LifeMiles can be a rewarding way to book premium cabin travel on Star Alliance partners like Lufthansa and United Airlines. With no fuel surcharges, frequent award sales and the ability to buy miles at a discount, LifeMiles can deliver surprisingly good value, especially for business- and first-class redemptions on long-haul routes.
How to earn Capital One miles
If you’re looking to earn more transferable miles, the following Capital One cards are solid options to consider:
TPG’s August 2025 valuations peg Capital One miles at 1.85 cents apiece, and most transfers from Capital One will process instantly. For more details, check out our guides to the Capital One transfer partners and how to transfer Capital One miles.
Chase Ultimate Rewards transfer bonus
Chase is currently offering a 50% bonus when you transfer Chase Ultimate Rewards points to Marriott Bonvoy by Aug. 15.
Since TPG values Marriott points at 0.7 cents apiece and Chase points at 2.05 cents per point, per our August 2025 valuations, we typically wouldn’t recommend transferring your Chase Ultimate Rewards points to Marriott Bonvoy, as you’ll most likely lose value. However, if you need to top off your account or find a really good redemption rate, transferring your points may make sense. As always, it’s best to crunch the numbers and find availability before transferring your points.
Remember, transfers are irreversible.
Related: When to transfer Chase points instead of booking a hotel through Chase Travel?
How to earn Chase Ultimate Rewards points
If you want to earn more Chase Ultimate Rewards points, the following Chase cards could make good additions to your wallet:
According to TPG’s August 2025 valuations, Chase Ultimate Rewards points are worth 2.05 cents each when maximized with travel partners. Most Ultimate Rewards points transfers will process instantly.
Related: Chase Ultimate Rewards points: How to redeem for maximum value
Citi ThankYou Rewards transfer bonus
Citi ThankYou Rewards is currently offering a 25% bonus to The Leading Hotels of the World’s Leaders Club program. Citi ThankYou Rewards points usually transfer to this partner at a 5:1 rate, but with the transfer bonus, the rate increases to 4:1.
While this might seem like a poor transfer rate, Leaders Club redemptions start from just 4,000 points and include luxury properties worldwide, so it could be worth a look.
How to earn Citi ThankYou Rewards points
To earn more ThankYou Rewards points, consider these Citi credit cards:
TPG values Citi ThankYou Rewards points at 1.9 cents each, per our August 2025 valuations, and most transfers happen instantly.
Related: Citi ThankYou Rewards transfer partners: Redeem your points with airlines and hotels
Marriott Bonvoy transfer bonus
Though you can transfer Marriott Bonvoy points to various airlines, the program is not currently offering any transfer bonuses.
How to earn Marriott Bonvoy points
If you’re looking to earn Marriott Bonvoy points, the following Marriott cards may be of interest:
According to TPG’s August 2025 valuations, Marriott Bonvoy points are worth 0.7 cents each. Some airlines take a few days (or even weeks) to receive the points.
Related: Marriott Bonvoy program: How to redeem points for hotel stays, airfare and more
Should you transfer points and miles?
We only recommend transferring points or miles if you have a short-term plan to use them. Many programs have implemented devaluations over the last few years, so speculative transfers could prove a losing proposition. Transfers are irreversible, and you don’t want to be stuck with thousands of points or miles in a program you have little use for.
If you don’t have a specific redemption in mind but still want to earn points or miles, you’re likely better off earning rewards through card welcome bonuses and everyday spending.
And we always recommend you ensure award availability before transferring your rewards.
Bottom line
When a program with a transferable currency offers a transfer bonus, it’s important to run the numbers to determine whether it is worthwhile.
Generally, you won’t want to transfer your points or miles without a specific redemption in mind. After all, a large part of the value of transferable points and miles comes from their flexibility, which you’ll give up when you convert them to a partner’s currency. However, a transfer bonus can help you get more value from your points and miles if you use a partner program frequently or plan to redeem soon.
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