Capital One, Citi, Chase and AmEx Transfer Bonus History

There’s no way to predict when a transfer bonus will happen, but looking at the history can give us some insight.
Aug 24, 2022

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If you have a credit card that earns Chase Ultimate Rewards®, American Express Membership Rewards, Capital One or Citi ThankYou points, you hold valuable travel rewards because the points can be transferred to airline and hotel partners. Once transferred, those points can be used to book award flights and hotel nights.

Although most point transfers are at a 1:1 ratio, sometimes the credit card program will offer a transfer bonus to a specific airline or hotel to sweeten the deal. If you have a redemption in mind and there’s a transfer bonus happening, you could end up booking an award for even less.

We’ve put together a list of current and past transfer bonuses (since 2015) to give you an idea of which partners offer bonuses most often, and when they happen. Although there’s no way of knowing when the next transfer bonus will be, looking at the transfer bonus history could provide some insight.

AmEx transfer bonus history

American Express Membership Rewards can be transferred to 17 airlines and three hotels.

Airlines

  • Aer Lingus (1:1 ratio).

  • AeroMexico (1:1.6 ratio).

  • Air Canada. (1:1 ratio).

  • Air France/KLM (1:1 ratio).

  • ANA (1:1 ratio).

  • Asia Miles (1:1 ratio).

  • Avianca (1:1 ratio).

  • British Airways (1:1 ratio).

  • Delta Air Lines (1:1 ratio).

  • Emirates (1:1 ratio).

  • Etihad Airways (1:1 ratio).

  • Hawaiian Airlines (1:1 ratio).

  • Iberia Plus (1:1 ratio).

  • JetBlue Airways (2.5:2 ratio).

  • Qantas (1:1 ratio).

  • Singapore Airlines (1:1 ratio).

  • Virgin Atlantic Airways (1:1 ratio).

Hotels

  • Choice Hotels (1:1 ratio).

  • Hilton Hotels & Resorts (1:2 ratio).

  • Marriott Hotels & Resorts (1:1 ratio).

For details on transfer ratios, see AmEx's website.

AmEx has more airline and hotel partners than Chase, Citi and Capital One. In addition, AmEx has typically offered more transfer bonuses than all the other programs. There is no way to predict that this will continue into the future, but AmEx does consistently offer transfer bonuses to its partners.

AmEx transfer partner

Bonus end date and bonus percentage

Aer Lingus Aer Club

  • September 2021: 40%.

  • October 2019: 40%.

Aeromexico Club Premier

  • September 2021: 25%

  • February 2019: 25%.

  • November 2018: 25%.

  • March 2015: 20%.

Air Canada Aeroplan

  • September 2021: 20%.

  • December 2019: 10-20%.

  • May 2019: 10-20%.

  • November 2018: 10 - 20%.

  • December 2017: 10-20%.

Air France-KLM Flying Blue

  • September 2021: 25%.

  • December 2020: 30%.

  • November 2019: 25%.

  • April 2019: 25%.

  • June 2018: 25%.

Avianca LifeMiles

  • September 2021: 15%.

  • May 2021: 15%.

  • December 2020: 15%.

  • October 2019: 10-15%.

  • April 2019: 15%.

British Airways Executive Club

  • May 2022: 40%.

  • September 2021: 40%.

  • October 2019: 40%.

  • August 2019: 40-50%.

  • November 2018: 40%.

  • September 2017: 40%.

  • October 2016: 50%.

Cathay Pacific Asia Miles

  • August 2022: 20%.

  • December 2020: 25%.

  • January 2020: 10%.

  • March 2019: 10-30%.

  • September 2018: 10-30%.

Emirates Skywards

  • November 2018: 25%.

Etihad Guest

  • July 2022: 20%.

  • June 2015: 20%.

Hawaiian Airlines HawaiianMiles

  • March 2022: 20%.

  • September 2021: 25%.

  • June 2021: 25%.

  • June 2018: 25%.

  • June 2017: 25%.

  • June 2016: 25%.

  • December 2015: 25%.

Hilton Honors

  • March 2022: 30%.

  • September 2021: 30%.

  • June 2021: 40%.

  • January 2021: 40%.

  • October 2020: 40%.

  • December 2019: 50%.

Iberia Plus

  • September 2021: 40%.

  • October 2019: 40%.

  • November 2018: 40%.

  • December 2016: 50%.

  • December 2015: 25%.

JetBlue TrueBlue

  • December 2019: 25%.

  • June 2019: 40%.

  • October 2018: 25%.

  • March 2018: 10-30%.

  • November 2017: 25%.

  • May 2017: 25%.

Marriott Bonvoy

  • May 2022: 25%.

  • September 2021: 30%.

  • June 2021: 40%.

  • December 2020: 30%.

  • October 2020: 40%.

  • February 2020: 30%.

  • June 2019: 40-50%.

Qantas Frequent Flyer

  • December 2021: 20%.

  • September 2021: 20%.

  • February 2020: 20%.

  • June 2019: 20%.

Singapore KrisFlyer

  • December 2021: 20%.

Virgin Atlantic Flying Club

  • March 2022: 30%.

  • December 2021: 30%.

  • September 2021: 30%.

  • December 2019: 30%.

  • July 2019: 30%.

  • December 2018: 30%.

  • November 2018: 10-30%.

  • September 2018: 30%.

  • November 2017: 30%.

  • May 2017: 30%.

  • May 2016: 30%.

  • April 2015: 25%.

Cards that earn American Express Membership Rewards points

If you’d like to take advantage of these transfer bonuses, you’ll first need to get a credit card that earns AmEx Membership Rewards points. American Express offers numerous personal and business cards, including those without an annual fee that accumulate these valuable points.

Those who already have some points and are looking for suggestions should be happy knowing that American Express has some excellent transfer partners, including Air France-KLM, ANA, Air Canada and many others.

Chase transfer bonus history

Chase Ultimate Rewards® points can be transferred to 11 airlines and three hotels.

Airlines

  • Aer Lingus (1:1 ratio).

  • Air Canada (1:1 ratio).

  • Air France-KLM (1:1 ratio).

  • British Airways (1:1 ratio).

  • Emirates (1:1 ratio).

  • Iberia (1:1 ratio).

  • JetBlue (1:1 ratio).

  • Singapore (1:1 ratio).

  • Southwest (1:1 ratio).

  • United (1:1 ratio).

  • Virgin Atlantic (1:1 ratio).

Hotels

  • Hyatt (1:1 ratio).

  • InterContinental Hotels Group (1:1 ratio).

  • Marriott (1:1 ratio).

Chase doesn’t offer transfer bonuses very often, and only a few of its programs have participated, with British Airways bonuses offered most frequently.

Chase transfer partner

Bonus end date and bonus percentage

Air France-KLM Flying Blue

  • May 2022: 25%.

British Airways Executive Club

  • July 2022: 30%.

  • September 2021: 30%.

  • December 2020: 30%.

  • June 2019: 30%.

IHG

  • August 2020: 60%

Marriott Bonvoy

  • August 2022: 50%.

  • November 2021: 50%.

  • July 2021: 50%.

Southwest

  • October 2020: 20%.

Credit cards that earn Chase Ultimate Rewards® points

If you want to start earning Chase Ultimate Rewards® points, you’ll need to get a credit card from Chase that earns these points. Unfortunately, you cannot earn Chase Ultimate Rewards® points if you only have a card without an annual fee. You’ll need to get a card like the Chase Sapphire Preferred® Card to start earning points.

However, if you plan on traveling, the benefits provided by the card will more than offset that fee. In addition, once you have a card that earns Chase Ultimate Rewards® points, and you get a no fee card like the Chase Freedom Unlimited®, instead of earning cash back, you’ll be able to earn Chase Ultimate Rewards® points.

Chase has a solid list of airline and hotel partners and is the only one of the four programs that offers transfers to Southwest Airlines and United Airlines.

Citi ThankYou transfer bonus history

Citi ThankYou is partnered with 15 airlines, two hotels and Sears.

Airlines

  • Aeromexico (1:1 ratio).

  • Air France/KLM (1:1 ratio).

  • Asia Miles (1:1 ratio).

  • Avianca (1:1 ratio).

  • Emirates (1:1 ratio).

  • Etihad (1:1 ratio).

  • Eva Air (1:1 ratio).

  • JetBlue (see below).

  • Qantas (1:1 ratio).

  • Qatar Airways (1:1 ratio).

  • Singapore Airlines (1:1 ratio).

  • Thai Airways (1:1 ratio).

  • Turkish Airlines (1:1 ratio).

  • Virgin Atlantic (1:1 ratio).

Hotels

  • Choice Hotels (1:1 ratio).

  • Wyndham (1:1 ratio).

Retail

  • Sears (1:10 ratio).

Citi offers transfer bonuses pretty frequently, particularly to AirFrance-KLM and Avianca.

Citi transfer partner

Bonus end date and bonus percentage

Air France-KLM Flying Blue

  • May 2022: 25%.

  • April 2021: 25%.

  • July 2019: 25%.

  • August 2018: 30%.

Avianca LifeMiles

  • April 2022: 25%.

  • August 2021: 25%.

  • February 2021: 25%.

  • July 2020: 25%.

  • July 2019: 25%.

  • December 2018: 25%.

Cathay Pacific Asia Miles

  • January 2020: 15%.

  • July 2018: 15%.

  • September 2017: 20%.

Etihad Guest

  • July 2017: 10%.

  • July 2016: 25%.

  • December 2015: 25%.

  • May 2015: 25%.

JetBlue TrueBlue

  • May 2019: 30%.

  • May 2018: 30%.

  • October 2017: 25%.

  • April 2017: 50%.

Qantas Frequent Flyer

  • February 2020: 25%.

  • April 2019: 25%.

  • June 2016: 30%.

Qatar

  • November 2021: 20%.

Turkish Airlines Miles & Smiles

  • February 2019: 25%.

Virgin Atlantic Flying Club

  • June 2019: 30%.

  • October 2018: 30%.

  • March 2017: 25%

  • April 2016: 25%.

  • August 2015: 25%.

Credit cards that earn Citi ThankYou points

Similar to the other programs, if you want to take advantage of Citi’s transfer partners, you’ll need to get a credit card from Citi that earns ThankYou points. Unfortunately, not all ThankYou point earning cards will give access to all the transfer partners, and so you’ll need to evaluate which partners are most important for you.

If you hold the Citi ThankYou Preferred Card, Citi Rewards+® Card, Citi® Double Cash Card – 18 month BT offer or the Sears Mastercard credit card, you can only transfer your points to Choice Privileges, TrueBlue and Wyndham Rewards.

However, if you have the Citi Premier® Card or the Citi Prestige® Card, you can take advantage of all the transfer partners. In addition, holders of these two cards can transfer points to Choice and Wyndham at more favorable transfer ratios.

Air France-KLM, Avianca, Singapore Airlines and Turkish Airlines are Citi’s strongest transfer partners, but you’ll need to hold the Citi Premier® Card or the Citi Prestige® Card to take advantage of these partnerships.

Capital One transfer bonus history

Capital One has 14 airlines and three hotel transfer partners.

Airlines

  • Aeromexico (1:1 ratio).

  • Air Canada (1:1 ratio).

  • Air France-KLM (1:1 ratio).

  • Avianca (1:1 ratio).

  • British Airways (1:1 ratio).

  • Cathay Pacific (1:1 ratio).

  • Emirates (1:1 ratio).

  • Etihad (1:1 ratio).

  • EVA (2:1.5 ratio).

  • Finnair (1:1 ratio).

  • Qantas (1:1 ratio).

  • Singapore Airlines (1:1 ratio).

  • TAP Air Portugal (1:1 ratio).

  • Turkish Airlines (1:1 ratio).

Hotels

  • Accor (2:1 ratio).

  • Choice Privileges Hotels (1:1 ratio).

  • Wyndham Rewards (1:1 ratio).

Capital One is the newest program and it used to have terrible transfer rates. However over the last few years, Capital One has significantly invested in the program, and now most partners transfer at a 1:1 ratio.

Capital One transfer partner

Bonus end date and bonus percentage

Aeromexico Club Premier

  • March 2022: 20%.

  • August 2021: 25%.

Air France-KLM Flying Blue

  • December 2021: 20%.

  • September 2021: 30%.

  • June 2019: 20%.

Avianca LifeMiles

  • March 2022: 20%.

  • July 2021: 25%.

  • December 2020: 15%.

  • July 2019: 25%.

  • June 2019: 15%.

British Airways Executive Club

  • August 2021: 33%.

Emirates Skywards

  • March 2019: 100%.

JetBlue TrueBlue

  • May 2019: 50%.

TAP Air Portugal Miles & Go

  • July 2022: 25%.

Wyndham Rewards

  • March 2022: 20%.

Credit cards that earn Capital One miles

To earn miles with Capital One, you have a choice of four credit cards, including two that do not charge an annual fee. Capital One has several good transfer partners so getting one of the no fee cards can be an easy way to start earning miles.

Final thoughts on the transfer bonus history of Capital One, Citi, Chase and AmEx

Although it's impossible to predict when a transfer bonus will be announced or how long it will last, looking over the bonus history of these four transferable point programs can offer some guidance.


How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022, including those best for:

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