What Are Transfer Bonuses?
A transfer bonus is a limited-time promotion offered by banks that lets you move your points to an airline or hotel loyalty program and receive extra points in return. Normally, these transfers happen at a 1:1 ratio—but during a bonus period, you can get a percentage boost, stretching your points even further.
For example, I once took advantage of a Chase-to-Flying Blue while planning a family trip from Lagos to Washington DC in August 2024. Thanks to that promotion, I received a 1:2.5 ratio instead of the standard 1:1—allowing me to redeem far fewer points to book flights for four people. (Note: That particular bonus is no longer available.)
Active Transfer Bonuses – May 2025
Here are the current transfer bonuses worth exploring this month:
Capital One Miles
- 20% bonus when transferring to Qantas Airways – valid through May 31, 2025
American Express Membership Rewards®
- No active bonuses at this time
Chase Ultimate Rewards®
- 25% bonus to Flying Blue (Air France/KLM) – through May 31, 2025
- 25% bonus to Virgin Atlantic – available until June 15, 2025
Citi ThankYou® Points
- 30% bonus to Virgin Atlantic – valid through May 17, 2025
- 30% bonus to Qatar Airways – valid through May 31, 2025
(Note: Qatar will issue the bonus miles, which may take until June 30, 2025, to post.)
Key Tips Before Transferring Points
- Always Have a Redemption Plan
Once you move your points to a travel partner, the transaction is final—you can’t move them back. Make sure you know how and when you’ll use the points. Some loyalty programs also impose expiration dates, which makes advance planning even more important. - Confirm Award Availability First
Only transfer points if you’ve already found the flight or hotel you want to book. Ideally, you should make the transfer and complete your booking the same day to avoid losing award space—availability changes rapidly. - Evaluate the True Value of the Transfer
Just because the bonus is high doesn’t mean the redemption value is. Personally, I often use Chase points for Hyatt stays due to their strong redemption rates.
Bonus Tip: Use a Points Transfer Calculator
If you’re unsure how many points you’ll need after a bonus is applied, don’t worry—there are tools for that. The Upgraded Points Transfer Bonus Calculator is a handy resource that does the math for you.
Final Thoughts
Monthly transfer bonuses are smart ways to increase the value of your points—especially if they align with your travel plans. For families or frequent travelers, these promotions can make a significant difference. I always look forward to the start of a new month to check what new opportunities are on the table. With a little planning, you can turn fewer points into much more travel.
