There are four major transferrable point currencies: American Express Membership Rewards, Citi ThankYou Points, Capital One miles, and Chase Ultimate Rewards. The first three types of points periodically run transfer bonuses to airline mileage partners. Chase Ultimate Rewards recently offered their first transfer bonus ever in May to British Airways Avios.

Why You Should Care

If you have the flexibility to wait to book your award, and you have an idea of when the next transfer bonus is, you could wait to save points.

UPDATE 12/10/18: Capital One has officially added the ability to transfer Capital One miles earned by the Capital One®Venture® Rewards Credit Card, Capital One® Venture® Rewards Credit Card, and the Capital One® VentureOne® Rewards Card to 12 different airline partners like Flying Blue, Aeroplan, Etihad, and Avianca to redeem as airline miles, instead of just 1 cent a piece. This is great news for those who hold those cards and Capital One miles as it significantly increases their value and options.