Transfer bonuses temporarily increase the value of transferable points when you move them into airline or hotel loyalty programs. These offers are time-limited and sometimes targeted, so check your account and act quickly if a bonus matches a near-term award you plan to book.
Active transfer bonuses (high-level)
– Capital One → Japan Airlines Mileage Bank: 30% bonus, through April 30. Listed transfer info: 1,000 Capital One miles → 975 JAL miles (confirm the exact rate in your account).
– Chase Ultimate Rewards → Air Canada Aeroplan: 20% bonus, through April 30. Transfer: 1,000 Chase points → 1,200 Aeroplan points.
– Chase Ultimate Rewards → IHG One Rewards: 70% bonus, through April 30. Transfer: 1,000 Chase points → 1,700 IHG points.
– Citi ThankYou Rewards → Avianca LifeMiles: 25% bonus, through April 18. With a Citi card that unlocks the full ratio: 1,000 TY → 1,250 LifeMiles; without such a card: 1,000 → 875.
– Citi ThankYou Rewards → Virgin Atlantic Flying Club: 30% bonus, through April 18. With an eligible Citi card: 1,000 TY → 1,300 Virgin points; without: 1,000 → 910.
– Rove Miles → SAS EuroBonus: 20% bonus, through April 8. Transfer: 1,000 Rove miles → 1,200 EuroBonus points.
American Express Membership Rewards
– There are no Amex Membership Rewards transfer bonuses currently running.
How to earn the transferable currencies (examples)
– Membership Rewards: American Express Gold Card; American Express Platinum Card (welcome offers vary).
– Capital One miles: Capital One Spark Miles for Business; Capital One Venture Rewards; Capital One Venture X.
– Chase Ultimate Rewards: Chase Sapphire Preferred; Chase Sapphire Reserve; Ink Business Preferred.
– Citi ThankYou Rewards: Citi Strata Elite card; Citi Strata Premier card (welcome offers may vary).
– Marriott Bonvoy: Marriott Bonvoy Bold; Marriott Bonvoy Boundless; Marriott Bonvoy Brilliant American Express.
– Rove Miles: Earn through qualifying hotel bookings, flight-linked activity, and partner offers (Rove is a newer program that does not require a credit card to join).
Program-specific notes
– Capital One: The current JAL offer runs through April 30. Always confirm the precise transfer rate shown in your account before moving points. TPG values Capital One miles at 1.85 cents each (April 2026). Most Capital One transfers are instant.
– Chase Ultimate Rewards: Two Chase bonuses run through April 30 (Aeroplan 20% and IHG 70%). Because transfers are final and award space can change quickly, only transfer when you’re ready to use the partner currency.
– Citi ThankYou Rewards: The Virgin Atlantic and Avianca bonuses expire April 18. The full advertised ratios apply only if you hold a Citi product that unlocks the enhanced transfer ratio (Citi Strata Elite, Citi Strata Premier, or the legacy Citi Prestige). TPG values ThankYou points at 1.9 cents each (April 2026). Most transfers are instant.
– Marriott Bonvoy: No current transfer bonuses to airline partners. TPG values Marriott points at 0.75 cents each (April 2026). Note that Marriott’s transfers to airlines can take several days or longer, unlike many instant bank-to-program transfers.
– Rove Miles: Rove is offering a 20% bump to SAS EuroBonus through April 8 (1,000 → 1,200). Rove allows earning transferable miles via bookings and partner promotions; new users can sometimes pick up small signup or partner bonuses.
Should you transfer points?
– Transfer only when you have a specific short-term redemption in mind. Transfers are irreversible; moving points into a partner program you won’t use can reduce the overall value compared with keeping flexible transferable currency.
– Confirm award availability and the exact, account-specific transfer ratio before initiating a transfer.
– If you don’t yet have a clear redemption, it’s often better to continue earning points through welcome bonuses and everyday spending rather than locking them into a partner.
Bottom line
– April’s limited-time transfer bonuses can add meaningful value if you plan to redeem with the partner soon. Double-check award space, confirm the transfer rates shown in your account, and only move points when you’re prepared to book. That preserves the flexibility that makes transferable currencies valuable in the first place.