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.
Elina Geller
By Elina Geller 
Updated
Edited by Meg Lee

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If you have a credit card that earns Chase Ultimate Rewards®, American Express Membership Rewards, Capital One, Citi ThankYou or Bilt Rewards 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. The best time to move over those points is when the credit cards run transfer bonuses.

Although most point transfers are at a 1:1 ratio, when there's a transfer bonus, you can get much more out of your points. If you have a redemption in mind and there’s a transfer bonus happening, you could book an award for even less that what it usually costs.

We’ve put together a list of current and past transfer bonuses (since 2017) 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.

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AmEx transfer bonus history

American Express Membership Rewards can be transferred to 18 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).

  • Avianca (1:1 ratio).

  • British Airways (1:1 ratio).

  • Cathay Pacific (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).

  • Qatar Airways (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

  • August 2023: 30%.

  • September 2022: 25%.

  • September 2021: 40%.

  • October 2019: 40%.

Aeromexico Club Premier

  • September 2022: 20%.

  • September 2021: 25%

  • February 2019: 25%.

  • November 2018: 25%.

Air Canada Aeroplan

  • September 2022: 15%.

  • 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 2023: 25%.

  • May 2023: 25%.

  • November 2022: 25%.

  • September 2022: 25%.

  • September 2021: 25%.

  • December 2020: 30%.

  • November 2019: 25%.

  • April 2019: 25%.

  • June 2018: 25%.

Avianca LifeMiles

  • March 2024: 15%.

  • December 2023: 15%.

  • August 2023: 15%.

  • May 2023: 15%.

  • November 2022: 15%.

  • September 2022: 15%.

  • September 2021: 15%.

  • May 2021: 15%.

  • December 2020: 15%.

  • October 2019: 10-15%.

  • April 2019: 15%.

British Airways Executive Club

  • August 2023: 30%.

  • September 2022: 25%.

  • May 2022: 40%.

  • September 2021: 40%.

  • October 2019: 40%.

  • August 2019: 40-50%.

  • November 2018: 40%.

  • September 2017: 40%.

Cathay Pacific Asia Miles

  • March 2024: 10%.

  • August 2022: 20%.

  • December 2020: 25%.

  • January 2020: 10%.

  • March 2019: 10-30%.

  • September 2018: 10-30%.

Choice Privileges

  • October 2022: 25%.

Emirates Skywards

  • November 2018: 25%.

Etihad Guest

  • April 2024: 20%.

  • July 2022: 20%.

Hawaiian Airlines HawaiianMiles

  • January 2023: 20%.

  • September 2022: 20%.

  • March 2022: 20%.

  • September 2021: 25%.

  • June 2021: 25%.

  • June 2018: 25%.

  • June 2017: 25%.

Hilton Honors

  • December 2023: 30%.

  • August 2023: 25%.

  • September 2022: 30%.

  • March 2022: 30%.

  • September 2021: 30%.

  • June 2021: 40%.

  • January 2021: 40%.

  • October 2020: 40%.

  • December 2019: 50%.

Iberia Plus

  • August 2023: 30%.

  • September 2021: 40%.

  • October 2019: 40%.

  • November 2018: 40%.

JetBlue TrueBlue

  • November 2023: 25%.

  • December 2019: 25%.

  • June 2019: 40%.

  • October 2018: 25%.

  • March 2018: 10-30%.

  • November 2017: 25%.

  • May 2017: 25%.

Marriott Bonvoy

  • November 2023: 20%.

  • September 2022: 20%.

  • 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

  • September 2022: 20%.

  • December 2021: 20%.

  • September 2021: 20%.

  • February 2020: 20%.

  • June 2019: 20%.

Qatar Airways Privilege Club

  • December 2023: 10%.

Singapore KrisFlyer

  • December 2021: 20%.

Virgin Atlantic Flying Club

  • May 2024: 30%.

  • December 2023: 30%.

  • June 2023: 30%.

  • September 2022: 30%.

  • 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.

Here's a sampling of two personal and two business cards that earn Membership Rewards points.

The Platinum Card® from American Express
The Platinum Card® from American Express
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on American Express' website

Rates & Fees
American Express® Gold Card
American Express® Gold Card
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on American Express' website

Rates & Fees
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express
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on American Express' website

Rates & Fees
The Blue Business® Plus Credit Card from American Express
The Blue Business® Plus Credit Card from American Express
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on American Express' website

Rates & Fees
Annual fee

$695.

$250.

$695.

$0.

Earn rate on travel

• 5 points per $1 on flights booked directly with airlines or with American Express Travel, on up to $500,000 spent per year.

• 5 points per $1 on prepaid hotels booked with American Express Travel.

• 1 point per $1 on other eligible purchases.

Terms apply.

• 4 points per $1 at restaurants plus takeout and delivery in the U.S.

• 4 points per $1 at U.S. supermarkets (on up to $25,000 in purchases per year).

• 3 points per $1 on flights booked directly with airlines or with American Express Travel.

• 1 point per $1 on other eligible purchases.

Terms apply.

• 5 points per $1 on flights and prepaid hotels booked American Express Travel.

• 1.5 points per $1 in key business categories and eligible purchases of $5,000 or more (on up to $2,000,000 in purchases per year).

• 1 point per $1 on other eligible purchases.

Terms apply.

• 2 points per $1 on the first $50,000 in purchases each calendar year.

• 1 point per $1 on purchases above $50,000 in a calendar year.

Terms apply.

Welcome offer

Earn 80,000 Membership Rewards® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Terms Apply.

Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership. Terms Apply.

Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership. Terms Apply.

Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership. Terms Apply.

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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

Aer Lingus

  • September 2023: 30%.

  • September 2021: 30%.

Air Canada Aeroplan

  • January 2024: 20%.

  • July 2023: 20%.

  • December 2022: 30%.

Air France-KLM Flying Blue

  • April 2024: 25%.

  • November 2023: 25%.

  • May 2023: 15%.

  • May 2022: 25%.

British Airways Executive Club

  • September 2023: 30%.

  • July 2022: 30%.

  • September 2021: 30%.

  • December 2020: 30%.

  • June 2019: 30%.

Iberia Plus

  • September 2023: 30%.

  • September 2021: 30%.

IHG One Rewards

  • February 2024: 60%.

  • July 2023: 70%.

  • August 2022: 50%.

  • December 2020: 30%.

  • August 2020: 60%.

JetBlue TrueBlue

  • January 2024: 25%.

Marriott Bonvoy

  • September 2023: 50%.

  • May 2023: 50%.

  • March 2023: 50%.

  • November 2022: 40%.

  • August 2022: 50%.

  • November 2021: 50%.

  • July 2021: 50%.

Southwest

  • October 2020: 20%.

Virgin Atlantic

  • March 2024: 30%.

  • November 2023: 30%.

  • June 2023: 30%.

  • October 2022: 30%.

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. There are multiple personal and business cards that earn Ultimate Rewards® points, ranging from cards with no annual fees to those with high fees but lots of travel perks.

Here's a selection of popular Chase cards that earn Ultimate Rewards® points.

Chase Sapphire Preferred Credit Card
Chase Sapphire Preferred® Card
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on Chase's website

Chase Sapphire Reserve Credit Card
Chase Sapphire Reserve®
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on Chase's website

Chase Freedom Unlimited Credit Card
Chase Freedom Unlimited®
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on Chase's website

Chase Freedom Flex
Chase Freedom Flex℠
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on Chase's website

Annual fee

$95.

$550.

$0.

$0.

Rewards

• 5 points per $1 on travel booked through Chase.

• 3 points per $1 on dining (including eligible delivery services and takeout), select streaming services and online grocery purchases (not including Target, Walmart and wholesale clubs).

• 2 points per $1 on other travel.

• 1 point per $1 on other purchases.

Point value in the travel portal: 1.25 cents apiece.

• 10 points per $1 on Chase Dining, hotel stays and car rentals purchased through Chase.

• 5 points per $1 on air travel purchased through Chase.

• 3 points per $1 on other travel and dining not booked with Chase.

• 1 point per $1 on other purchases.

Point value in the travel portal: 1.5 cents apiece.

• In the first year, 6.5% cash back on travel purchased through Chase, 4.5% cash back on drugstores and restaurants, and 3% on all other purchases on up to $20,000 in spending.

• After that, 5% cash back on travel purchased through Chase, 3% cash back at drugstores and restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.

Point value in the travel portal: 1 cent apiece.

• 5% cash back on rotating categories and travel purchased through Chase.

Point value in Chase travel portal: 1 cent apiece.

New cardholder bonus offer

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.

Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!

Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.

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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 14 airlines, four hotels and Shop Your Way.

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 (1:1 or 1:0.8 ratio, depending on which card you have).

  • 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

  • Accor Live Limitless (2:1 ratio).

  • Choice Hotels (1:2 or 1:1.5 ratio, depending on which card you have).

  • The Leading Hotels of the World (5:1 ratio).

  • Wyndham (1:1 ratio or 1:0.8 ratio, depending on which card you have).

Retail

  • Shop Your Way (1:10 ratio).

Citi transfer bonuses are offered frequently, particularly to AirFrance-KLM and Avianca.

Citi transfer partner

Bonus end date and bonus percentage

Accor Live Limitless

  • May 2024: 50%.

  • November 2023: 50%.

Air France-KLM Flying Blue

  • June 2023: 25%.

  • May 2022: 25%.

  • April 2021: 25%.

  • July 2019: 25%.

  • August 2018: 30%.

Avianca LifeMiles

  • April 2024: 25%.

  • November 2023: 25%.

  • June 2023: 25%.

  • March 2023: 10-20%.

  • August 2022: 25.

  • April 2022: 25%.

  • August 2021: 25%.

  • February 2021: 25%.

  • July 2020: 25%.

  • July 2019: 25%.

  • December 2018: 25%.

Cathay Pacific Asia Miles

  • March 2024: 10%.

  • July 2023: 15%.

  • November 2022: 10-15%.

  • January 2020: 15%.

  • July 2018: 15%.

  • September 2017: 20%.

Etihad Guest

  • July 2017: 10%.

JetBlue TrueBlue

  • May 2019: 30%.

  • May 2018: 30%.

  • October 2017: 25%.

  • April 2017: 50%.

Qatar Airways Privilege Club

  • November 2023: 25-30%.

  • June 2023: 30%.

  • November 2022: 20-30%.

  • June 2022: 20-40%.

  • November 2021: 20%.

Turkish Airlines Miles & Smiles

  • February 2019: 25%.

Virgin Atlantic Flying Club

  • March 2024: 30%.

  • September 2023: 30%.

  • March 2023: 30%.

  • June 2019: 30%.

  • October 2018: 30%.

  • March 2017: 25%

  • April 2016: 25%.

  • August 2015: 25%.

Wyndham Rewards

  • September 2023: 20%.

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 or the Sears Mastercard credit card, you can only transfer your points to Choice Privileges, TrueBlue and Wyndham Rewards.

Citibank Strata Premier Card
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However, if you have the Citi Strata Premier℠ Card ($95 annual fee) or the Citi Prestige® Card ($495 annual fee), 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 Strata 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

Accor Live Limitless

  • November 2022: 20%.

Aeromexico Club Premier

  • March 2022: 20%.

  • August 2021: 25%.

Air France-KLM Flying Blue

  • July 2023: 20%.

  • August 2022: 20%.

  • December 2021: 20%.

  • September 2021: 30%.

  • June 2019: 20%.

Avianca LifeMiles

  • September 2023: 15%.

  • April 2023: 10%.

  • March 2022: 20%.

  • July 2021: 25%.

  • December 2020: 15%.

  • July 2019: 25%.

  • June 2019: 15%.

British Airways Executive Club

  • November 2022: 20%.

  • August 2022: 20%.

  • August 2021: 33%.

Cathay Pacific Asia Miles

  • March 2024: 10%.

  • November 2022: 10-15%.

Emirates Skywards

  • March 2019: 100%.

Etihad Guest

  • March 2024: 40%.

  • April 2023: 15-30%.

JetBlue TrueBlue

  • May 2019: 50%.

TAP Air Portugal Miles & Go

  • June 2023: 15%.

  • July 2022: 25%.

Virgin Red

  • April 2024: 30%.

  • March 2023: 30%.

  • October 2022: 30%.

Wyndham Rewards

  • March 2022: 20%.

Credit cards that earn Capital One miles

To earn miles with Capital One, you have a choice of four personal credit cards, including two that do not charge an annual fee and two business cards, one of which doesn't charge a 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.

Here's a selection of popular credit cards that earn Capital One miles.

Cards that earn Capital One miles
Capital One Venture X Rewards Credit Card
Capital One Venture X Rewards Credit Card
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Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
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Capital One VentureOne Rewards Credit Card
Capital One VentureOne Rewards Credit Card
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Capital One Spark Miles Credit Card
Capital One Spark Miles for Business
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Annual fee

$395.

$95.

$0.

$0 intro for the first year, then $95.

Earn rate

• 10 miles per $1 on hotels and rental cars through Capital One Travel.

• 5 miles per $1 on flights through Capital One Travel.

• 2 miles per $1 on everything else.

• 5 miles per $1 on hotels and rental cars booked through Capital One Travel.

• 2 miles per $1 on all other purchases.

• 5 miles per $1 on hotels and car rentals booked through Capital One Travel.

• 1.25 miles per $1 on all purchases.

• 5 miles per $1 on hotels and rental cars through Capital One Travel.

• 2 miles per $1 on everything else.

Welcome offer

Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.

Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.

Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel.

Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.

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Bilt Rewards transfer bonus history

Bilt Rewards is one of the newer rewards programs out there and can be a valuable program for those who want to pay rent using a credit card. Bilt Rewards points can be transferred to 14 airlines and three hotels.

In its short time-span, Bilt has offered several transfer bonuses. The best value though can come from Bilt's runs "rent day" promotions, which offer high transfer bonuses for just one day. For example, on May 1, 2023, Bilt offered a 100% transfer bonus to Air-France KLM Flying Blue. If you collect Bilt Rewards points, check the app on the first of every month for any transfer bonuses.

Bilt Rewards transfer partner

Bonus end date and bonus percentage

Air Canada Aeroplan

  • February 2024: 75-150%.

Air France-KLM Flying Blue

  • May 2023: 100%.

Cathay Pacific Asia Miles

  • March 2024: 10%.

  • November 2022: 10-15%.

Emirates Skywards

  • November 2023: 75-150%.

Hawaiian Airlines

  • February 2023: 100%.

IHG One Rewards

  • December 2022: 100%.

Virgin Atlantic Flying Club

  • August 2023: 75-150%.

Bilt World Elite Mastercard Credit Card
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Credit cards that earn Bilt Rewards

Although you don't need to have a credit card with Bilt to earn Bilt points, you can maximize the points you earn by holding the Bilt World Elite Mastercard® Credit Card. Although the card doesn't offer a welcome bonus, there is no annual fee, and it is truly the only way to earn points for paying your rent.

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

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.

To view rates and fees of The Platinum Card® from American Express, see this page.
To view rates and fees of the American Express® Gold Card, see this page.
To view rates and fees of The Business Platinum Card® from American Express, see this page.
To view rates and fees of The Blue Business® Plus Credit Card from American Express, see this page.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are some of the best travel credit cards of 2024:

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