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

  • Aeromexico Rewards. Get a 20% bonus when you transfer your Membership Rewards to Aeromexico. This offer ends May 31, 2024.
  • Virgin Atlantic Flying Club. Receive 30% more Virgin Points when you transfer your Membership Rewards to Virgin Atlantic Flying Club. This offer goes until May 31, 2024.

Read more. American Express Membership Rewards: The Ultimate Guide

Capital One

  • Currently Capital One is not offering any transfer bonuses for the month of May.

Read more. Capital One Rewards: The Ultimate Guide

Chase Ultimate Rewards

  • Marriott Bonvoy. Chase is offering a 40% bonus when you transfer your Ultimate Rewards points to Marriott Bonvoy. This offer is valid until June 15, 2024.
  • Virgin Atlantic Flying Club. Get 30% bonus Virgin Points when you transfer your Ultimate Rewards to Virgin Atlantic Flying Club. This offer ends June 15, 2024.

Read more. Chase Ultimate Rewards: The Ultimate Guide

Featured Partner Offers For Travel Rewards Credit Cards

Chase Sapphire Reserve®
Chase Sapphire Reserve®Apply Now →
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On Chase Bank USA, NA's Website
Welcome Bonus
75,000 bonus points
Annual Fee
$550
Credit Score
Excellent
Regular APR
22.49%-29.49% Variable
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.
Chase Freedom Flex℠
Chase Freedom Flex℠Apply Now →
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On Chase Bank USA, NA's Website
Welcome Bonus
$200 bonus
Annual Fee
$0
Credit Score
Excellent, Good
Regular APR
20.49%-29.24% Variable
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening!
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® CardApply Now →
Apply Now
On Chase Bank USA, NA's Website
Welcome Bonus
75,000 bonus points
Annual Fee
$95
Credit Score
Excellent, Good
Regular APR
21.49%-28.49% Variable
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.

Citi ThankYou Points

  • ALL-Accor Live Limitless. Transfer your Citi ThankYou Points to ALL-Accor Live Limitless and get a 50% bonus on your ALL points. This offer ends May 11, 2024.  
  • Qatar Privilege Club. Receive 30% more Avios when you transfer your Citi ThankYou Points to Qatar Privilege Club through May 31, 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.