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Points, Miles & Credit Cards

Credit Card Transfer Bonuses in July 2024

Going

Going

December 12, 2023

3 min read

Going has partnered with CardRatings for our coverage of credit card products. Going and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses, and recommendations are the author's alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of all of the card offers that appear on this page are from advertisers; compensation may affect how and where the cards appear on the site; and Going does not include all card companies are all available card offers.

Table of Contents

Credit card transfer bonuses are limited-time offers that allow you to squeeze more value out of your points. Every month or so, banks work with travel partners to offer an extra bonus when you transfer points to a particular airline partner. 

Taking advantage of a transfer bonus means you will need to transfer fewer credit card points to the airline partner in order to redeem for a free flight. Transfer bonuses can range from 10% to 30% or more, but they are typically only available for about a month. 

Credit card transfer bonuses:

Here are all of the current transfer bonuses available:

Credit card Transfer bonusPartnerEnd date
Citi ThankYou Points15%Cathay Pacific7/20/24
Chase Ultimate Rewards20%Air Canada Aeroplan®7/31/24

Amex transfer bonuses

None at this time. 

Read more: Amex transfer partners and how to transfer your Membership Rewards points

How to earn American Express Membership Rewards:

Bilt transfer bonuses 

None at this time. 

Read more: Bilt transfer partners guide and how to transfer points

How to earn Bilt points: 

Capital One transfer bonuses

None at this time. 

Read more: Capital One transfer partners and how to transfer your Capital One miles

How to earn Capital One Miles:

Capital One Miles is the issuer's term for points.

Chase transfer bonuses 

Airline PartnerTransfer BonusEnding dateTransfer ratio
Air Canada Aeroplan20%7/31/241:1.2

With this transfer bonus, 1,000 points become 1,200 Aeroplan miles.

Read more: Chase transfer partners and how to transfer your Chase Ultimate Rewards points

How to earn Chase Ultimate Rewards points:

If you have one of the cards above, you can also convert cash-back rewards from the following Chase cards to Ultimate Rewards points. This extra step nets you more points to redeem with travel partners.

Citi transfer bonuses

Airline PartnerTransfer BonusEnding dateTransfer ratio
Cathay Pacific15%7/20/241:1.15

With this transfer bonus, 1,000 points become 1,150 Cathay Pacific Asia miles.

Read more: Citi transfer partners guide and how to transfer ThankYou points

How to earn Citi ThankYou points:

Should you transfer points when there are transfer bonuses? 

While we all love a deal, only transfer points when you have an immediate plan to use them. Transferring points to a partner is a one-way street, so once you convert credit card points into airline miles, you can’t change them back.

Over the years, many airlines have devalued their miles, meaning it costs you more miles to redeem for an award flight. The last thing you want is to transfer your points to airline miles and have them sit in the account losing value, all because you transferred without a specific flight redemption in mind.

Frequently asked questions about transfer bonuses

How often do transfer bonuses happen?
Banks tend to announce transfer bonuses at the start of a new month. Bonuses to a specific partner often last about a month, but some may extend a bit longer.
Which transfer partners are targeted for bonuses?
There’s no real science to which airline partners offer transfer bonuses or when they will happen. That said, it appears some airlines do offer transfer bonuses more frequently than others. British Airways, Virgin Atlantic, Avianca LifeMiles, and Air France/KLM are some of the more common transfer bonuses you may see pop up.
What are transfer partners?
Transfer partners are often the best way to maximize value from your points. Each bank has about a dozen airline and hotel travel partners that you can transfer your credit card points to directly. To transfer points to a partner, you link your airline loyalty account number to your credit card profile. If you don’t have one with a specific airline, you can create one for free. Then, you’ll transfer credit card points in increments of 1,000 to the airline partner. Most of the points transfer at a ratio of 1:1, but that can vary. Your credit card issuer will display the transfer ratio for each partner.

Going has partnered with CardRatings for our coverage of credit card products. Going and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses, and recommendations are the author's alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of all of the card offers that appear on this page are from advertisers; compensation may affect how and where the cards appear on the site; and Going does not include all card companies are all available card offers.


Published December 12, 2023

Last updated July 8, 2024

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