Which credit card points transfer to which airlines?

The five US transferable currencies — Chase, Bilt, Amex, Capital One, Citi — reach 36 airline and hotel programs between them across 91 published routes. The matrix at the top of this page shows every one, with the ratio each bank publishes and what one point is worth after the conversion at our valuations. Most routes are 1:1; the exceptions are where readers lose money.

Can a points transfer be reversed?

No. No bank and no airline has ever reversed a completed points transfer, including transfers made within minutes of the mistake, to the wrong program, or to the wrong account. This is the single most consequential fact on this page: confirm the award seat is bookable in the destination program before you move anything.

Is a 2:1 transfer ever worth doing?

Almost never, and the arithmetic is the reason. A ratio below 1:1 has to be paid back by the destination currency being worth more than double the source, and no destination in our model clears that bar from any bank currency. The exceptions worth knowing are ratios above 1:1 into weak currencies, which look generous and usually are not — the matrix resolves both cases into a single value-after-transfer figure so the comparison is not left to the reader.

How long do transfers take?

It ranges from instant to several days, and the difference matters more than it looks: transfer time is your exposure window if the award space disappears. Chase Ultimate Rewards posts 11 of its 14 partners instantly. The transfer time for every route on this page is published in the per-bank tables below, sourced from each bank's own disclosure rather than from anecdote.

Do transfer bonuses make a bad transfer good?

Rarely. A bonus multiplies the number of points you receive, not the value of each one, so a bonus into a program with poor award pricing still lands you in a program with poor award pricing. The exception is a bonus into a program you had already decided to book, where it is a straight discount. Treat a bonus as a reason to accelerate a plan, never as a reason to form one.

Should I transfer points to top up a balance I already have?

That is the one case where a poor ratio can still be correct. Finishing an award you can book today recovers more value than protecting points for an award you might book later. The test is whether the redemption is confirmed and priced, not whether the ratio looks acceptable in isolation.

Reference

Credit card transfer partners: every ratio, every route

The 5 US transferable currencies reach 36 airline and hotel programs across 91 published routes. Most are 1:1. The matrix below gives every ratio, the transfer time, and — the column nobody else publishes — what one point is actually worth once it lands, at our Q3 2026 valuations.

By Nicholas MilesEditor, Award Rate

Personally earns, tracks and redeems points and miles across ten loyalty programs

Earns, tracks and redeems points across ten loyalty programs for real family travel — most recently a Korea–Japan–Hawaii itinerary flown mostly on points

Published August 6, 2026

Updated August 6, 2026Card terms modeled, not yet reconciled against issuer disclosures — what that means

91 routes · 36 destination programs · every ratio, transfer time and value after the transfer · how we value points

Key takeaways

A transfer is one-way, permanent and has never been reversed by any bank or airline. Confirm the award seat is bookable before you move a single point.
Of the 91 published routes on this page, 89 lose value at our valuations. A partner list is not a menu of good ideas — it is a list of what is possible.
The ratio alone tells you nothing. A route above 1:1 into a weak currency can be worth less than a 1:1 into a strong one, which is why every row here resolves the ratio into a value-after-transfer figure.
Transfer time is your exposure window. Instant routes give you minutes of risk; routes that take days give you days, and speculative transfers on those routes are how readers lose balances.
Ratios and partner lists were last reconciled against each bank's own published transfer page on August 6, 2026. Partners are added and dropped without notice, so check the bank before you move.

The complete transfer matrix

Every destination reachable from a US transferable currency, with the ratio each bank publishes. Filter by source to see one bank's list on its own, or leave it on all sources to see which destinations are reachable from more than one place — that overlap is what makes a destination safe to plan around, because a partner dropped by one bank is often still reachable from another.

Show partners reachable from

Transfer matrix: 36 destinations, 91 routes, 5 source currenciesRatios are as each bank publishes them. “Best route in” resolves every available ratio against our Q3 2026 valuation of the destination currency and names the source that produces the most value per point transferred — how we value points. Verified August 6, 2026.
Destination program	Our value	Chase	Bilt	Amex	Capital One	Citi	Best route in
Accor Live Limitless	2.0¢	—	—	—	2:1 (2,000 miles become 1,000 Accor points, worth €20)Instant to 48 hours	2:1 (2,000 points become 1,000 Accor points, worth €20)Instant to 48 hours	1.0¢ per point transferredvia Capital One at 2:1 (2,000 miles become 1,000 Accor points, worth €20)
World of Hyatt	1.9¢	4:3Instant to 1 hour	1:1Instant to 2 hours	—	—	—	1.9¢ per point transferredvia Bilt at 1:1
ANA Mileage Club	1.6¢	—	—	1:12–3 days	—	—	1.6¢ per point transferredvia Amex at 1:1
Turkish Airlines Miles&Smiles	1.6¢	—	1:1Instant to 48 hours	—	1:1Instant to 48 hours	1:1Instant to 24 hours	1.6¢ per point transferredvia Bilt at 1:1
Air Canada Aeroplan	1.5¢	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	—	1.5¢ per point transferredvia Chase at 1:1
Alaska Atmos Rewards	1.5¢	—	1:1Instant to 24 hours	—	—	—	1.5¢ per point transferredvia Bilt at 1:1
American Airlines AAdvantage	1.45¢	—	1:1Instant to 24 hours	—	—	—	1.45¢ per point transferredvia Bilt at 1:1
Avianca LifeMiles	1.4¢	—	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1.4¢ per point transferredvia Bilt at 1:1
Qatar Airways Privilege Club	1.4¢	—	—	1:1Instant to 24 hours	—	1:1Instant to 24 hours	1.4¢ per point transferredvia Amex at 1:1
Singapore Airlines KrisFlyer	1.4¢	1:112–48 hours	—	1:112–48 hours	2:1.5 (1,000 miles become 750 KrisFlyer miles — a 25% haircut)12–48 hours	1:112–48 hours	1.4¢ per point transferredvia Chase at 1:1
Virgin Atlantic Flying Club	1.4¢	1:1Instant	1:1Instant	1:1Instant	—	1:1Instant	1.4¢ per point transferredvia Chase at 1:1
Virgin Red (Virgin Points)	1.4¢	—	—	—	1:1 (Virgin Red points are Virgin Points — the same balance Flying Club uses)Instant to 24 hours	—	1.4¢ per point transferredvia Capital One at 1:1 (Virgin Red points are Virgin Points — the same balance Flying Club uses)
British Airways Executive Club	1.35¢	1:1Instant	1:1Instant	1:1Instant	1:1Instant	—	1.35¢ per point transferredvia Chase at 1:1
Iberia Plus	1.35¢	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	—	1.35¢ per point transferredvia Chase at 1:1
Southwest Rapid Rewards	1.35¢	1:1Instant	—	—	—	—	1.35¢ per point transferredvia Chase at 1:1
United MileagePlus	1.35¢	1:1Instant	1:1Instant	—	—	—	1.35¢ per point transferredvia Chase at 1:1
Aer Lingus AerClub	1.3¢	1:1Instant	1:1Instant	1:1Instant	1:1Instant	—	1.3¢ per point transferredvia Chase at 1:1
Air France-KLM Flying Blue	1.3¢	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1.3¢ per point transferredvia Chase at 1:1
Cathay Pacific Asia Miles	1.3¢	—	1:1Instant to 48 hours	1:1Instant to 24 hours	1:1Instant to 48 hours	1:1Instant to 48 hours	1.3¢ per point transferredvia Bilt at 1:1
EVA Air Infinity MileageLands	1.3¢	—	—	—	2:1.5 (1,000 miles become 750 EVA miles — a 25% haircut)2–7 days	1:12–7 days	1.3¢ per point transferredvia Citi at 1:1
Hawaiian Airlines HawaiianMiles	1.3¢	—	1:1Instant to 48 hours	1:1Instant to 48 hours	—	—	1.3¢ per point transferredvia Bilt at 1:1
JetBlue TrueBlue	1.3¢	1:1Instant	—	250:200 (an effective 1.25:1 penalty)Instant	1:1Instant	1:1Instant	1.3¢ per point transferredvia Chase at 1:1
Qantas Frequent Flyer	1.3¢	—	—	1:124–48 hours	1:124–48 hours	1:124–48 hours	1.3¢ per point transferredvia Amex at 1:1
Delta SkyMiles	1.2¢	—	—	1:1Instant	—	—	1.2¢ per point transferredvia Amex at 1:1
Etihad Guest	1.2¢	—	—	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1.2¢ per point transferredvia Amex at 1:1
Malaysia Airlines Enrich	1.2¢	—	—	—	—	1:11–3 days	1.2¢ per point transferredvia Citi at 1:1
TAP Miles&Go	1.2¢	—	—	—	1:124–72 hours	—	1.2¢ per point transferredvia Capital One at 1:1
Aeroméxico Club Premier	1.1¢	—	—	1:1.6 (1,000 points become 1,600 Premier Points)Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1.76¢ per point transferredvia Amex at 1:1.6 (1,000 points become 1,600 Premier Points)
Emirates Skywards	1.1¢	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1:1Instant to 24 hours	1.1¢ per point transferredvia Chase at 1:1
Thai Royal Orchid Plus	1.1¢	—	—	—	—	1:12–5 days	1.1¢ per point transferredvia Citi at 1:1
Finnair Plus	1.0¢	—	—	—	1:1Instant to 48 hours	—	1.0¢ per point transferredvia Capital One at 1:1
Wyndham Rewards	0.9¢	—	—	—	1:1Instant to 24 hours	1:1Instant to 24 hours	0.9¢ per point transferredvia Capital One at 1:1
Marriott Bonvoy	0.7¢	1:124–48 hours	1:124–48 hours	1:124–48 hours	—	—	0.7¢ per point transferredvia Chase at 1:1
Choice Privileges	0.6¢	—	—	1:1Instant to 24 hours	1:2 (1,000 miles become 2,000 Choice points)Instant to 24 hours	1:2 (1,000 points become 2,000 Choice points)Instant to 24 hours	1.2¢ per point transferredvia Capital One at 1:2 (1,000 miles become 2,000 Choice points)
IHG One Rewards	0.6¢	1:124 hours	1:124 hours	—	—	—	0.6¢ per point transferredvia Chase at 1:1
Hilton Honors	0.5¢	—	—	1:2 (1,000 points become 2,000 Hilton points)Instant to 24 hours	—	—	1.0¢ per point transferredvia Amex at 1:2 (1,000 points become 2,000 Hilton points)

A dash means the bank does not publish that partner — not that we omitted it. Where a destination has its own page on this site, the program name links to it: expiration policy, award pricing and the redemptions worth transferring for are all there.

Where the real value is

Ranked by what one source point becomes after the transfer, which is the only ordering that answers the question a reader is actually asking. A route earns its place here by landing in a currency that prices awards off something other than the cash fare — every entry in the top of this list is a transfer into a program with a published chart.

The 12 highest-value transfer routes, Q3 2026“One point becomes” is the transfer ratio applied to our valuation of the destination currency. “Versus keeping it” compares that against the source currency's own valuation — a positive number means the transfer creates value, a negative one means it destroys value even though the redemption itself may still be worth making.
#	Route	Ratio	One point becomes	Vs. keeping it	What it buys
1	BilttoWorld of Hyatt	1:1	1.9¢	+0.05¢	Category 1–4 standard rooms off Hyatt’s fixed chart, where a points price that does not follow the cash rate is worth the most. Bilt and Chase are the only two currencies that reach Hyatt.
2	AmextoAeroméxico Club Premier	1:1.6 (1,000 points become 1,600 Premier Points)	1.76¢	−0.04¢	Delta-operated flights between the US and Mexico or within the US, priced in Premier Points. The 1.6x ratio does most of the work here — it is the only above-parity airline ratio on the Amex list.
3	Capital OnetoTurkish Airlines Miles&Smiles	1:1	1.6¢	−0.10¢	Star Alliance business class to Europe and United-operated domestic and Hawaii awards, both priced off a fixed chart. Expect to complete the booking by phone or email rather than online.
4	CititoTurkish Airlines Miles&Smiles	1:1	1.6¢	−0.10¢	Star Alliance business class between North America and Europe, priced off one of the last genuinely fixed partner charts. United-operated domestic and Hawaii awards also price well below what United charges for the identical seat. Find the space on Aeroplan or united.com first, then transfer.
5	AmextoANA Mileage Club	1:1	1.6¢	−0.20¢	ANA’s own round-trip business class between the US and Japan, priced off a fixed seasonal chart that remains one of the cheapest premium-cabin redemptions in the world. Amex is the only bank currency that reaches ANA Mileage Club directly.
6	BilttoTurkish Airlines Miles&Smiles	1:1	1.6¢	−0.25¢	Star Alliance business class to Europe and United-operated domestic and Hawaii awards off Turkish’s fixed chart.
7	Capital OnetoAir Canada Aeroplan	1:1	1.5¢	−0.20¢	Star Alliance business class to Europe off Aeroplan’s published distance table, plus a stopover anywhere on a one-way for 5,000 points. For most Capital One holders this is the highest-value transfer on the list.
8	AmextoAir Canada Aeroplan	1:1	1.5¢	−0.30¢	Star Alliance business class to Europe off Aeroplan’s published distance table, with a 5,000-point stopover attached to a one-way.
9	BilttoAir Canada Aeroplan	1:1	1.5¢	−0.35¢	Star Alliance business class to Europe off the published distance table, with a 5,000-point stopover on the one-way.
10	BilttoAlaska Atmos Rewards	1:1	1.5¢	−0.35¢	A one-way partner award with a free stopover — a single redemption to Asia that includes several days in a partner hub for no extra miles. Bilt is the only bank currency that reaches Mileage Plan.
11	ChasetoAir Canada Aeroplan	1:1	1.5¢	−0.40¢	Star Alliance business class from North America to Europe, priced off Aeroplan’s published distance-and-region table, with a stopover added anywhere on a one-way for 5,000 points.
12	BilttoAmerican Airlines AAdvantage	1:1	1.45¢	−0.40¢	AAdvantage Web Specials, which discount business class below the standard award level, and Qatar Qsuite awards priced at a fixed level. Bilt is the only transferable currency in the United States that reaches AAdvantage at all — that single relationship is the strongest argument for the program.

The transfers that lose money

Every partner list contains routes that should almost never be used, and no bank marks them. These are the 10 worst on our numbers — the transfers where the destination currency is worth so much less than the source that the conversion destroys value on contact. They exist for topping up a balance you are a few points short on, and for nothing else.

The worst transfer routes we publishRanked by value destroyed per point transferred. Of 91 published routes, 89 lose value against holding the source currency. Including them is the point: a partner list that hides its bad entries cannot be used to make a decision.
Route	Ratio	One point becomes	Value lost	The only reason to do it anyway
ChasetoIHG One Rewards	1:1	0.6¢	−1.30¢	A four-night InterContinental stay for a Premier cardholder, where the fourth night is free — that discount is the only thing that makes a 1.9¢-to-0.6¢ conversion defensible, and only when the cash rate is unusually high.
BilttoIHG One Rewards	1:1	0.6¢	−1.25¢	A four-night InterContinental stay for an IHG Premier cardholder, where the fourth night is free. Outside that, IHG’s own points sales are a cheaper way to top up.
ChasetoMarriott Bonvoy	1:1	0.7¢	−1.20¢	There isn’t one worth naming. A 1.9¢ point becoming a 0.7¢ point destroys nearly two-thirds of the value; use it only to complete a Bonvoy balance you are a few thousand points short on.
AmextoChoice Privileges	1:1	0.6¢	−1.20¢	Nothing at 1:1. Citi and Capital One both transfer to Choice at 1:2, which is the ratio that makes Choice interesting — Amex’s does not.
BilttoMarriott Bonvoy	1:1	0.7¢	−1.15¢	None worth naming — a 1.85¢ point becoming a 0.7¢ point. Use only to complete a Bonvoy balance for a booking you have already found.
AmextoMarriott Bonvoy	1:1	0.7¢	−1.10¢	None worth naming at 1:1 — a 1.8¢ point becoming a 0.7¢ point. Use it only to top up a Bonvoy balance you are short on for a specific booking.
ChasetoEmirates Skywards	1:1	1.1¢	−0.80¢	Emirates first class on routes departing Asia, where the carrier surcharge is a fraction of what it is out of the US or Europe. Everywhere else the surcharge makes this a poor transfer.
AmextoHilton Honors	1:2 (1,000 points become 2,000 Hilton points)	1.0¢	−0.80¢	A five-night stay at a Waldorf Astoria or Conrad where the fifth night is free and the cash rate has spiked — the 1:2 ratio plus the night-free benefit is the only combination that gets this transfer above parity.
Capital OnetoWyndham Rewards	1:1	0.9¢	−0.80¢	Vacasa vacation rentals at a flat points price per bedroom per night, independent of the cash rate — a whole house in peak season for a fixed number of points.
CititoWyndham Rewards	1:1	0.9¢	−0.80¢	Vacasa vacation rentals, which Wyndham prices at a flat rate per bedroom per night regardless of the cash rate. A whole house on the Oregon coast in August for a fixed number of points is the single highest-value hotel redemption reachable from a bank currency.

How long does a points transfer take?

Between instant and about three days, depending on the bank and the partner. Speed is not a convenience feature: it is the length of time you are exposed if the award space you found disappears while the points are in flight. On an instant route that window is a few minutes. On a route that takes days, you can transfer against a seat that is gone by the time the points land, and there is no way back.

Transfer speed and partner quality by source currency“Instant” counts partners each bank states post immediately or within the hour. “Creates value” counts partners where one point is worth more after the transfer than before it, at our valuations — a better measure of a partner list than its length.
Source currency	Partners	Instant	A day or more	Our value
Chase Ultimate Rewards	14	11	2	1.9¢
Bilt Rewards	17	15	1	1.85¢
American Express Membership Rewards	21	17	4	1.8¢
Capital One Miles	21	17	4	1.7¢
Citi ThankYou Points	18	13	5	1.7¢

Read the “create value” column rather than the partner count. A long list is worth less than a short one with the right destinations on it, which is why the currency with the fewest partners in this table is not the least valuable one.

Chase Ultimate Rewards transfer partners

All 14 partners Chase Ultimate Rewards publishes, ranked by what one point is worth after the transfer, with the redemption that justifies each route and the transfer-bonus history where there is one worth waiting for. Ratios reconciled against Chase Ultimate Rewards's own transfer page on August 6, 2026.

Chase Ultimate Rewards transfer partners, ranked by what a point is worth after the transferAll 14 published partners. “One point becomes” applies the transfer ratio to our published valuation of the destination currency. Gain and loss are measured against **keeping the points as Chase Ultimate Rewards** at 1.9¢ per point, which is what these points are worth if you do nothing — how we value points. Ratios and partner list verified August 6, 2026.
		Transfer timeTypical, not guaranteed		Sweet spot — what to actually book
World of HyattWe value this currency at 1.9¢ per point	4:3fewer points out than inReduced from 1:1 on June 15, 2026. The 4:3 ratio applies immediately to Sapphire Preferred and Ink Business Preferred cardholders approved on or after that date, and from October 1, 2026 to everyone approved before it. Sapphire Reserve and Sapphire Reserve for Business keep 1:1.	Instant to 1 hour	1.42¢Loses value−0.48¢ vs. keeping the points as Chase Ultimate Rewards	Category 1–4 standard rooms, where the fixed chart still means a 12,000-point night at a hotel selling for $400 during a conference. At 4:3 that night now costs 16,000 Chase points rather than 12,000, so the redemption survives the cut — it still returns roughly 1.42¢ per Chase point against the 1.0¢ Chase Travel floor, a real gain — but the margin is a third of what it was, so it now has to be justified by a specific booking rather than assumed, and anyone whose Chase strategy is mostly Hyatt should be holding a Sapphire Reserve instead, which kept the 1:1 ratio.Transfer bonuses: Chase has never run a transfer bonus to Hyatt. It has now run a devaluation instead: anyone who wants 1:1 from a Chase card needs a Sapphire Reserve.
Air Canada AeroplanWe value this currency at 1.5¢ per point	1:1	Instant to 24 hours	1.5¢Loses value−0.40¢ vs. keeping the points as Chase Ultimate Rewards	Star Alliance business class from North America to Europe, priced off Aeroplan’s published distance-and-region table, with a stopover added anywhere on a one-way for 5,000 points.Transfer bonuses: Occasional — Chase has run bonuses of 25–30% to Aeroplan roughly once a year since 2023. Not frequent enough to plan around.
Singapore Airlines KrisFlyerWe value this currency at 1.4¢ per point	1:1	12–48 hours	1.4¢Loses value−0.50¢ vs. keeping the points as Chase Ultimate Rewards	Saver awards in Singapore Suites and Singapore long-haul business class — seats the airline releases to its own members and almost never to Star Alliance partners.Transfer bonuses: Rare from Chase. Note that KrisFlyer miles carry a hard three-year expiry from the date they land, so speculative transfers here are riskier than anywhere else on this list.
Virgin Atlantic Flying ClubWe value this currency at 1.4¢ per point	1:1	Instant	1.4¢Loses value−0.50¢ vs. keeping the points as Chase Ultimate Rewards	ANA round-trip business class between the US and Japan, priced off a fixed partner table and unavailable through any other transferable currency at that rate.Transfer bonuses: Chase runs a Virgin Atlantic bonus of 25–30% roughly once a year; Amex and Citi bonus it more often.
British Airways Executive ClubWe value this currency at 1.35¢ per point	1:1	Instant	1.35¢Loses value−0.55¢ vs. keeping the points as Chase Ultimate Rewards	Short-haul American and Alaska segments priced by distance band — the cheapest way to buy a domestic hop with points. Avoid BA’s own long-haul metal, where surcharges swallow the value.Transfer bonuses: The most frequently bonused Chase partner: 25–50% bonuses to British Airways, Iberia and Aer Lingus have run roughly twice a year since 2023.
Iberia PlusWe value this currency at 1.35¢ per point	1:1	Instant to 24 hours	1.35¢Loses value−0.55¢ vs. keeping the points as Chase Ultimate Rewards	Off-peak transatlantic business class on Iberia’s own metal between Madrid and the US East Coast, at a fraction of British Airways pricing on the same alliance and with far lower surcharges.Transfer bonuses: Bonused alongside British Airways and Aer Lingus in the periodic IAG promotions, typically 25–50%.
Southwest Rapid RewardsWe value this currency at 1.35¢ per point	1:1	Instant	1.35¢Loses value−0.55¢ vs. keeping the points as Chase Ultimate Rewards	Any Southwest flight while you hold the Companion Pass — the companion flies for taxes only, so every transferred point effectively buys two seats.Transfer bonuses: Chase has never bonused Southwest. Points transferred in do not count toward Companion Pass qualification.
United MileagePlusWe value this currency at 1.35¢ per point	1:1	Instant	1.35¢Loses value−0.55¢ vs. keeping the points as Chase Ultimate Rewards	Multi-city Star Alliance awards that trigger the Excursionist Perk, where a whole segment in a second region prices at zero miles. Partner business class to Europe also prices off a semi-fixed table rather than the cash fare.Transfer bonuses: Chase has never run a public transfer bonus to United. Assume 1:1 permanently.
Aer Lingus AerClubWe value this currency at 1.3¢ per point	1:1	Instant	1.3¢Loses value−0.60¢ vs. keeping the points as Chase Ultimate Rewards	Off-peak transatlantic business class from Dublin to the US East Coast, which prices below BA for the same crossing and carries materially smaller surcharges.Transfer bonuses: Included in the periodic IAG (BA/Iberia/Aer Lingus) bonuses, 25–50%.
Air France-KLM Flying BlueWe value this currency at 1.3¢ per point	1:1	Instant to 24 hours	1.3¢Loses value−0.60¢ vs. keeping the points as Chase Ultimate Rewards	The monthly Promo Rewards list, which discounts selected Air France and KLM routes by 25–50% in business class. Transfer only after you have confirmed the award prices at the promo level.Transfer bonuses: Occasional from Chase, typically 20–25%. Amex and Citi bonus Flying Blue far more often, so compare before you move Chase points.
JetBlue TrueBlueWe value this currency at 1.3¢ per point	1:1	Instant	1.3¢Loses value−0.60¢ vs. keeping the points as Chase Ultimate Rewards	Mint transcontinental seats during ordinary (non-peak) pricing, when TrueBlue’s revenue-based formula happens to lag the cash fare. Check the cash price first; often it does not.Transfer bonuses: None from Chase.
Emirates SkywardsWe value this currency at 1.1¢ per point	1:1	Instant to 24 hours	1.1¢Loses value−0.80¢ vs. keeping the points as Chase Ultimate Rewards	Emirates first class on routes departing Asia, where the carrier surcharge is a fraction of what it is out of the US or Europe. Everywhere else the surcharge makes this a poor transfer.Transfer bonuses: Occasional, typically 20–30%, and usually timed to an Emirates route launch.
Marriott BonvoyWe value this currency at 0.7¢ per point	1:1	24–48 hours	0.7¢Loses value−1.20¢ vs. keeping the points as Chase Ultimate Rewards	There isn’t one worth naming. A 1.9¢ point becoming a 0.7¢ point destroys nearly two-thirds of the value; use it only to complete a Bonvoy balance you are a few thousand points short on.Transfer bonuses: Chase has run occasional Bonvoy bonuses of 25–30%. Even at 30% the transfer loses money against our valuations.
IHG One RewardsWe value this currency at 0.6¢ per point	1:1	24 hours	0.6¢Loses value−1.30¢ vs. keeping the points as Chase Ultimate Rewards	A four-night InterContinental stay for a Premier cardholder, where the fourth night is free — that discount is the only thing that makes a 1.9¢-to-0.6¢ conversion defensible, and only when the cash rate is unusually high.Transfer bonuses: Rare. IHG runs its own points sales near 0.5¢, which is usually a better way to top up than transferring.

Transfers are one-way and permanent. No bank has ever reversed one. Confirm the ratio on Chase Ultimate Rewards’s own transfer page and find award space in the partner’s program before you move a single point — a transfer made against space that turns out not to exist cannot be undone. Points do not expire while you hold at least one open Ultimate Rewards-earning account in good standing. Closing your last such account forfeits the balance immediately, so transfer out before you close a Sapphire or Ink card. Points are also forfeited if Chase closes the account for cause, and they cannot be inherited or transferred to another person’s account except to a household member of the same address.

Bilt Rewards transfer partners

All 17 partners Bilt Rewards publishes, ranked by what one point is worth after the transfer, with the redemption that justifies each route and the transfer-bonus history where there is one worth waiting for. Ratios reconciled against Bilt Rewards's own transfer page on July 20, 2026.

Bilt Rewards transfer partners, ranked by what a point is worth after the transferAll 17 published partners. “One point becomes” applies the transfer ratio to our published valuation of the destination currency. Gain and loss are measured against **keeping the points as Bilt Rewards** at 1.85¢ per point, which is what these points are worth if you do nothing — how we value points. Ratios and partner list verified July 20, 2026.
		Transfer timeTypical, not guaranteed		Sweet spot — what to actually book
World of HyattWe value this currency at 1.9¢ per point	1:1	Instant to 2 hours	1.9¢About even+0.05¢ vs. keeping the points as Bilt Rewards	Category 1–4 standard rooms off Hyatt’s fixed chart, where a points price that does not follow the cash rate is worth the most. Bilt and Chase are the only two currencies that reach Hyatt.Transfer bonuses: Appears in Rent Day promotions periodically, which is more than Chase has ever offered on Hyatt.
Turkish Airlines Miles&SmilesWe value this currency at 1.6¢ per point	1:1	Instant to 48 hours	1.6¢Loses value−0.25¢ vs. keeping the points as Bilt Rewards	Star Alliance business class to Europe and United-operated domestic and Hawaii awards off Turkish’s fixed chart.Transfer bonuses: Featured on Rent Day periodically. Turkish miles hard-expire three years from the date earned.
Air Canada AeroplanWe value this currency at 1.5¢ per point	1:1	Instant to 24 hours	1.5¢Loses value−0.35¢ vs. keeping the points as Bilt Rewards	Star Alliance business class to Europe off the published distance table, with a 5,000-point stopover on the one-way.Transfer bonuses: A recurring Rent Day partner, typically 20–100% on the first of the month.
Alaska Atmos RewardsWe value this currency at 1.5¢ per point	1:1	Instant to 24 hours	1.5¢Loses value−0.35¢ vs. keeping the points as Bilt Rewards	A one-way partner award with a free stopover — a single redemption to Asia that includes several days in a partner hub for no extra miles. Bilt is the only bank currency that reaches Mileage Plan.Transfer bonuses: Featured in Rent Day bonuses, occasionally at 100%.
American Airlines AAdvantageWe value this currency at 1.45¢ per point	1:1	Instant to 24 hours	1.45¢Loses value−0.40¢ vs. keeping the points as Bilt Rewards	AAdvantage Web Specials, which discount business class below the standard award level, and Qatar Qsuite awards priced at a fixed level. Bilt is the only transferable currency in the United States that reaches AAdvantage at all — that single relationship is the strongest argument for the program.Transfer bonuses: Featured in Rent Day bonuses. American has never allowed a bank transfer bonus larger than the Rent Day promotions, and the partnership itself is the benefit.
Avianca LifeMilesWe value this currency at 1.4¢ per point	1:1	Instant to 24 hours	1.4¢Loses value−0.45¢ vs. keeping the points as Bilt Rewards	Lufthansa and Swiss business class with no carrier surcharges — an award that settles for under $100 in cash.Transfer bonuses: A recurring Rent Day partner at 20–50%.
Virgin Atlantic Flying ClubWe value this currency at 1.4¢ per point	1:1	Instant	1.4¢Loses value−0.45¢ vs. keeping the points as Bilt Rewards	ANA round-trip business class between the US and Japan off Virgin’s fixed partner table.Transfer bonuses: Featured on Rent Day several times a year.
British Airways Executive ClubWe value this currency at 1.35¢ per point	1:1	Instant	1.35¢Loses value−0.50¢ vs. keeping the points as Bilt Rewards	Short-haul American and Alaska segments priced by distance band. Bilt reaches both AAdvantage and Avios, so you can price the same domestic hop two ways and take the cheaper.Transfer bonuses: Featured on Rent Day periodically.
Iberia PlusWe value this currency at 1.35¢ per point	1:1	Instant to 24 hours	1.35¢Loses value−0.50¢ vs. keeping the points as Bilt Rewards	Off-peak Madrid–US business class on Iberia metal with modest surcharges.Transfer bonuses: Featured with the other Avios programs on Rent Day.
United MileagePlusWe value this currency at 1.35¢ per point	1:1	Instant	1.35¢Loses value−0.50¢ vs. keeping the points as Bilt Rewards	Excursionist Perk itineraries, where an entire segment in a second region prices at zero miles.Transfer bonuses: Occasionally featured on Rent Day.
Aer Lingus AerClubWe value this currency at 1.3¢ per point	1:1	Instant	1.3¢Loses value−0.55¢ vs. keeping the points as Bilt Rewards	Off-peak Dublin–US business class, the cheapest low-surcharge transatlantic Avios award.Transfer bonuses: Featured with the other Avios programs.
Air France-KLM Flying BlueWe value this currency at 1.3¢ per point	1:1	Instant to 24 hours	1.3¢Loses value−0.55¢ vs. keeping the points as Bilt Rewards	Monthly Promo Rewards on Air France and KLM business class, discounted 25–50%.Transfer bonuses: Regularly featured on Rent Day.
Cathay Pacific Asia MilesWe value this currency at 1.3¢ per point	1:1	Instant to 48 hours	1.3¢Loses value−0.55¢ vs. keeping the points as Bilt Rewards	Cathay business class to Hong Kong on a distance chart, with member-only space.Transfer bonuses: Occasionally featured on Rent Day.
Hawaiian Airlines HawaiianMilesWe value this currency at 1.3¢ per point	1:1	Instant to 48 hours	1.3¢Loses value−0.55¢ vs. keeping the points as Bilt Rewards	A second route into the Alaska ecosystem via HawaiianMiles conversion. Since Bilt also transfers to Alaska Mileage Plan directly at 1:1, this is worth using only if a bonus makes it cheaper. Confirm current conversion terms first.Transfer bonuses: Occasionally featured on Rent Day.
Emirates SkywardsWe value this currency at 1.1¢ per point	1:1	Instant to 24 hours	1.1¢Loses value−0.75¢ vs. keeping the points as Bilt Rewards	Emirates first class departing Asia, where surcharges are lowest.Transfer bonuses: Occasionally featured on Rent Day.
Marriott BonvoyWe value this currency at 0.7¢ per point	1:1	24–48 hours	0.7¢Loses value−1.15¢ vs. keeping the points as Bilt Rewards	None worth naming — a 1.85¢ point becoming a 0.7¢ point. Use only to complete a Bonvoy balance for a booking you have already found.Transfer bonuses: Occasionally featured on Rent Day, which still does not make the maths work.
IHG One RewardsWe value this currency at 0.6¢ per point	1:1	24 hours	0.6¢Loses value−1.25¢ vs. keeping the points as Bilt Rewards	A four-night InterContinental stay for an IHG Premier cardholder, where the fourth night is free. Outside that, IHG’s own points sales are a cheaper way to top up.Transfer bonuses: Occasionally featured on Rent Day.

Transfers are one-way and permanent. No bank has ever reversed one. Confirm the ratio on Bilt Rewards’s own transfer page and find award space in the partner’s program before you move a single point — a transfer made against space that turns out not to exist cannot be undone. Points expire after 24 months with no qualifying earning or redeeming activity. Paying rent through the Bilt app, any card transaction, a dining-program purchase or a transfer out all count as activity, so an account in ordinary use never approaches expiration. Closing the Bilt card does not immediately forfeit the balance, but it removes the main way of generating the activity that keeps it alive.

American Express Membership Rewards transfer partners

All 21 partners American Express Membership Rewards publishes, ranked by what one point is worth after the transfer, with the redemption that justifies each route and the transfer-bonus history where there is one worth waiting for. Ratios reconciled against American Express Membership Rewards's own transfer page on July 20, 2026.

American Express Membership Rewards transfer partners, ranked by what a point is worth after the transferAll 21 published partners. “One point becomes” applies the transfer ratio to our published valuation of the destination currency. Gain and loss are measured against **keeping the points as American Express Membership Rewards** at 1.8¢ per point, which is what these points are worth if you do nothing — how we value points. Ratios and partner list verified July 20, 2026.
		Transfer timeTypical, not guaranteed		Sweet spot — what to actually book
ANA Mileage ClubWe value this currency at 1.6¢ per point	1:1	2–3 days	1.6¢Loses value−0.20¢ vs. keeping the points as American Express Membership Rewards	ANA’s own round-trip business class between the US and Japan, priced off a fixed seasonal chart that remains one of the cheapest premium-cabin redemptions in the world. Amex is the only bank currency that reaches ANA Mileage Club directly.Transfer bonuses: ANA has never been bonused and never will be — Amex excludes it from every promotion. Budget three days for the transfer; ANA is the slowest partner on the list.
Air Canada AeroplanWe value this currency at 1.5¢ per point	1:1	Instant to 24 hours	1.5¢Loses value−0.30¢ vs. keeping the points as American Express Membership Rewards	Star Alliance business class to Europe off Aeroplan’s published distance table, with a 5,000-point stopover attached to a one-way.Transfer bonuses: Bonused every year or two at 20–30%; less frequent than the European partners.
Avianca LifeMilesWe value this currency at 1.4¢ per point	1:1	Instant to 24 hours	1.4¢Loses value−0.40¢ vs. keeping the points as American Express Membership Rewards	Lufthansa and Swiss business class to Europe with no carrier surcharges — LifeMiles is the only Star Alliance program that does not pass them through, so the award settles for under $100 in cash.Transfer bonuses: One of the most frequently bonused partners: 15–40% bonuses run several times a year.
Qatar Airways Privilege ClubWe value this currency at 1.4¢ per point	1:1	Instant to 24 hours	1.4¢Loses value−0.40¢ vs. keeping the points as American Express Membership Rewards	Qsuite business class from the US to Doha and onward into South Asia or Africa, priced in Avios off a fixed table — the best business-class hard product in the world at a knowable price.Transfer bonuses: Bonused occasionally at 20–30% since Qatar joined the Avios family.
Singapore Airlines KrisFlyerWe value this currency at 1.4¢ per point	1:1	12–48 hours	1.4¢Loses value−0.40¢ vs. keeping the points as American Express Membership Rewards	Saver awards in Singapore Suites and long-haul business class, which Singapore releases to KrisFlyer members and effectively no one else.Transfer bonuses: Rare. Remember that KrisFlyer miles hard-expire three years from the date they are earned, so do not transfer speculatively.
Virgin Atlantic Flying ClubWe value this currency at 1.4¢ per point	1:1	Instant	1.4¢Loses value−0.40¢ vs. keeping the points as American Express Membership Rewards	ANA round-trip business and first class between the US and Japan — cheaper in Virgin Points than in ANA’s own miles on many dates, and Virgin transfers instantly where ANA takes three days.Transfer bonuses: Bonused regularly at 20–30%, several times a year.
British Airways Executive ClubWe value this currency at 1.35¢ per point	1:1	Instant	1.35¢Loses value−0.45¢ vs. keeping the points as American Express Membership Rewards	Short-haul distance-band awards on American and Alaska, where a sub-650-mile segment costs a small fixed number of Avios.Transfer bonuses: Bonused at 30–40% roughly twice a year, usually alongside Iberia and Aer Lingus.
Iberia PlusWe value this currency at 1.35¢ per point	1:1	Instant to 24 hours	1.35¢Loses value−0.45¢ vs. keeping the points as American Express Membership Rewards	Off-peak Madrid–US business class on Iberia metal, which prices below British Airways for the same crossing and carries a fraction of the surcharge.Transfer bonuses: Bonused alongside British Airways and Aer Lingus, typically 30–40%.
Aer Lingus AerClubWe value this currency at 1.3¢ per point	1:1	Instant	1.3¢Loses value−0.50¢ vs. keeping the points as American Express Membership Rewards	Off-peak Dublin–US business class, the cheapest transatlantic business Avios redemption with genuinely modest surcharges.Transfer bonuses: Bonused with the other Avios programs at 30–40%.
Air France-KLM Flying BlueWe value this currency at 1.3¢ per point	1:1	Instant to 24 hours	1.3¢Loses value−0.50¢ vs. keeping the points as American Express Membership Rewards	The monthly Promo Rewards list, which discounts selected Air France and KLM business-class routes by 25–50%. Stack a Promo Reward with an Amex transfer bonus and the effective cost drops by more than half.Transfer bonuses: The most frequently bonused Amex partner. A 20–30% Flying Blue bonus runs multiple times a year, often for a full month.
Cathay Pacific Asia MilesWe value this currency at 1.3¢ per point	1:1	Instant to 24 hours	1.3¢Loses value−0.50¢ vs. keeping the points as American Express Membership Rewards	Cathay’s own business class to Hong Kong, priced off a distance table, with the airline releasing space to its own members that oneworld partners never see.Transfer bonuses: Occasional, typically 20–25%.
Hawaiian Airlines HawaiianMilesWe value this currency at 1.3¢ per point	1:1	Instant to 48 hours	1.3¢Loses value−0.50¢ vs. keeping the points as American Express Membership Rewards	HawaiianMiles convert into Alaska Mileage Plan, which makes this the only indirect route from Membership Rewards into a program with published partner award bands and a free one-way stopover. Confirm the conversion terms before transferring — this pathway has changed twice since the Alaska–Hawaiian merger.Transfer bonuses: Rarely bonused. Amex charges its excise-tax offset fee on transfers to Hawaiian, as it does for all US carriers.
Qantas Frequent FlyerWe value this currency at 1.3¢ per point	1:1	24–48 hours	1.3¢Loses value−0.50¢ vs. keeping the points as American Express Membership Rewards	Qantas business class across the Pacific and Qantas’ own oneworld partner awards, which price off a published distance table.Transfer bonuses: Bonused roughly annually at 20–30%.
JetBlue TrueBlueWe value this currency at 1.3¢ per point	250:200 (an effective 1.25:1 penalty)fewer points out than in	Instant	1.04¢Loses value−0.76¢ vs. keeping the points as American Express Membership Rewards	Nothing that justifies the ratio. A 20% haircut into a revenue-based currency valued below Membership Rewards is a losing transfer on every route we have priced.Transfer bonuses: Occasionally bonused, which merely restores the ratio to something close to parity.
Delta SkyMilesWe value this currency at 1.2¢ per point	1:1	Instant	1.2¢Loses value−0.60¢ vs. keeping the points as American Express Membership Rewards	Occasional Delta flash sales on transatlantic economy, and Delta-operated seats during periods when the fare-linked price happens to dip. Outside those windows, a Membership Rewards point is worth more almost anywhere else.Transfer bonuses: Effectively never bonused. Amex also charges an excise-tax offset fee on Delta transfers, so the true cost is above 1:1.
Etihad GuestWe value this currency at 1.2¢ per point	1:1	Instant to 24 hours	1.2¢Loses value−0.60¢ vs. keeping the points as American Express Membership Rewards	Etihad business class between the US and Abu Dhabi, and Etihad’s own regional awards within the Gulf and South Asia at fixed prices.Transfer bonuses: Bonused a few times a year at 20–30%.
Aeroméxico Club PremierWe value this currency at 1.1¢ per point	1:1.6 (1,000 points become 1,600 Premier Points)more points out than in	Instant to 24 hours	1.76¢About even−0.04¢ vs. keeping the points as American Express Membership Rewards	Delta-operated flights between the US and Mexico or within the US, priced in Premier Points. The 1.6x ratio does most of the work here — it is the only above-parity airline ratio on the Amex list.Transfer bonuses: Bonused occasionally, which pushes an already favorable ratio further.
Emirates SkywardsWe value this currency at 1.1¢ per point	1:1	Instant to 24 hours	1.1¢Loses value−0.70¢ vs. keeping the points as American Express Membership Rewards	Emirates first class on routes originating in Asia, where surcharges are far lower than on US or European departures.Transfer bonuses: Bonused occasionally at 20–30%.
Marriott BonvoyWe value this currency at 0.7¢ per point	1:1	24–48 hours	0.7¢Loses value−1.10¢ vs. keeping the points as American Express Membership Rewards	None worth naming at 1:1 — a 1.8¢ point becoming a 0.7¢ point. Use it only to top up a Bonvoy balance you are short on for a specific booking.Transfer bonuses: Occasionally bonused at 20–30%; even then the conversion loses value.
Choice PrivilegesWe value this currency at 0.6¢ per point	1:1	Instant to 24 hours	0.6¢Loses value−1.20¢ vs. keeping the points as American Express Membership Rewards	Nothing at 1:1. Citi and Capital One both transfer to Choice at 1:2, which is the ratio that makes Choice interesting — Amex’s does not.Transfer bonuses: Rarely bonused.
Hilton HonorsWe value this currency at 0.5¢ per point	1:2 (1,000 points become 2,000 Hilton points)more points out than in	Instant to 24 hours	1.0¢Loses value−0.80¢ vs. keeping the points as American Express Membership Rewards	A five-night stay at a Waldorf Astoria or Conrad where the fifth night is free and the cash rate has spiked — the 1:2 ratio plus the night-free benefit is the only combination that gets this transfer above parity.Transfer bonuses: Bonused several times a year, sometimes at 100%, which briefly turns the ratio into 1:4 and makes it one of the better uses of Membership Rewards.

Transfers are one-way and permanent. No bank has ever reversed one. Confirm the ratio on American Express Membership Rewards’s own transfer page and find award space in the partner’s program before you move a single point — a transfer made against space that turns out not to exist cannot be undone. Points do not expire while you hold at least one open Membership Rewards-earning card in good standing. Closing every such card forfeits the balance, so transfer out before you cancel your last eligible card. Amex may also forfeit points on an account that is significantly past due or closed for cause, and points cannot be transferred to another person’s Membership Rewards account.

Capital One Miles transfer partners

All 21 partners Capital One Miles publishes, ranked by what one point is worth after the transfer, with the redemption that justifies each route and the transfer-bonus history where there is one worth waiting for. Ratios reconciled against Capital One Miles's own transfer page on July 20, 2026.

Capital One Miles transfer partners, ranked by what a point is worth after the transferAll 21 published partners. “One point becomes” applies the transfer ratio to our published valuation of the destination currency. Gain and loss are measured against **keeping the points as Capital One Miles** at 1.7¢ per point, which is what these points are worth if you do nothing — how we value points. Ratios and partner list verified July 20, 2026.
		Transfer timeTypical, not guaranteed		Sweet spot — what to actually book
Accor Live LimitlessWe value this currency at 2.0¢ per point	2:1 (2,000 miles become 1,000 Accor points, worth €20)fewer points out than in	Instant to 48 hours	1.0¢Loses value−0.70¢ vs. keeping the points as Capital One Miles	None. Accor points are pegged at €0.02, so this converts a 1.7¢ mile into about 1¢ of hotel credit — no better than erasing a travel purchase, and less flexible.Transfer bonuses: Rarely bonused.
Turkish Airlines Miles&SmilesWe value this currency at 1.6¢ per point	1:1	Instant to 48 hours	1.6¢Loses value−0.10¢ vs. keeping the points as Capital One Miles	Star Alliance business class to Europe and United-operated domestic and Hawaii awards, both priced off a fixed chart. Expect to complete the booking by phone or email rather than online.Transfer bonuses: Bonused occasionally at 20–30%. Turkish miles hard-expire three years from the date earned.
Air Canada AeroplanWe value this currency at 1.5¢ per point	1:1	Instant to 24 hours	1.5¢Loses value−0.20¢ vs. keeping the points as Capital One Miles	Star Alliance business class to Europe off Aeroplan’s published distance table, plus a stopover anywhere on a one-way for 5,000 points. For most Capital One holders this is the highest-value transfer on the list.Transfer bonuses: Bonused occasionally at 20–30%, roughly once a year.
Avianca LifeMilesWe value this currency at 1.4¢ per point	1:1	Instant to 24 hours	1.4¢Loses value−0.30¢ vs. keeping the points as Capital One Miles	Lufthansa and Swiss business class to Europe with zero carrier surcharges — the same seat Aeroplan would sell you with $600 attached.Transfer bonuses: Among Capital One’s more frequently bonused partners, typically 20–30%.
Virgin Red (Virgin Points)We value this currency at 1.4¢ per point	1:1 (Virgin Red points are Virgin Points — the same balance Flying Club uses)	Instant to 24 hours	1.4¢Loses value−0.30¢ vs. keeping the points as Capital One Miles	ANA round-trip business class between the US and Japan. Virgin Red is the back door that gives Capital One access to the single best fixed-price premium redemption in the transferable-points world.Transfer bonuses: Bonused occasionally at 20–30%.
Singapore Airlines KrisFlyerWe value this currency at 1.4¢ per point	2:1.5 (1,000 miles become 750 KrisFlyer miles — a 25% haircut)fewer points out than in	12–48 hours	1.05¢Loses value−0.65¢ vs. keeping the points as Capital One Miles	Singapore Suites and long-haul Saver business class are unreachable elsewhere, which is the only reason to accept a 25% penalty. If you hold Chase, Amex or Citi points, transfer those instead.Transfer bonuses: Rarely bonused. KrisFlyer miles hard-expire three years from the date earned.
British Airways Executive ClubWe value this currency at 1.35¢ per point	1:1	Instant	1.35¢Loses value−0.35¢ vs. keeping the points as Capital One Miles	Short-haul American and Alaska segments priced by distance band, which is the cheapest domestic redemption reachable from Capital One given the absence of a US airline partner.Transfer bonuses: Bonused with the other Avios programs at 20–30%.
Iberia PlusWe value this currency at 1.35¢ per point	1:1	Instant to 24 hours	1.35¢Loses value−0.35¢ vs. keeping the points as Capital One Miles	Off-peak Madrid–US business class on Iberia metal, at a fraction of the surcharge British Airways would levy on the same crossing.Transfer bonuses: Bonused with British Airways and Aer Lingus.
Aer Lingus AerClubWe value this currency at 1.3¢ per point	1:1	Instant	1.3¢Loses value−0.40¢ vs. keeping the points as Capital One Miles	Off-peak Dublin–US business class, the least surcharge-heavy transatlantic Avios redemption available.Transfer bonuses: Bonused with the other Avios programs.
Air France-KLM Flying BlueWe value this currency at 1.3¢ per point	1:1	Instant to 24 hours	1.3¢Loses value−0.40¢ vs. keeping the points as Capital One Miles	Monthly Promo Rewards, which cut selected Air France and KLM business-class routes by 25–50%.Transfer bonuses: Bonused a couple of times a year at 20–25%.
Cathay Pacific Asia MilesWe value this currency at 1.3¢ per point	1:1	Instant to 48 hours	1.3¢Loses value−0.40¢ vs. keeping the points as Capital One Miles	Cathay’s own business class to Hong Kong on a distance chart, with space the airline holds back from oneworld partners.Transfer bonuses: Occasional, 15–25%.
JetBlue TrueBlueWe value this currency at 1.3¢ per point	1:1	Instant	1.3¢Loses value−0.40¢ vs. keeping the points as Capital One Miles	Mint transcontinental seats during ordinary pricing. Capital One’s clean 1:1 makes this the best bank route into TrueBlue.Transfer bonuses: Occasional.
Qantas Frequent FlyerWe value this currency at 1.3¢ per point	1:1	24–48 hours	1.3¢Loses value−0.40¢ vs. keeping the points as Capital One Miles	Qantas business class across the Pacific, and Emirates-operated awards priced through Qantas rather than Skywards.Transfer bonuses: Occasional, 20–30%.
EVA Air Infinity MileageLandsWe value this currency at 1.3¢ per point	2:1.5 (1,000 miles become 750 EVA miles — a 25% haircut)fewer points out than in	2–7 days	0.98¢Loses value−0.72¢ vs. keeping the points as Capital One Miles	EVA’s Royal Laurel business class to Taipei on a fixed round-trip chart. Citi transfers to the same program at 1:1, so use Citi points if you have them.Transfer bonuses: Rarely bonused.
Etihad GuestWe value this currency at 1.2¢ per point	1:1	Instant to 24 hours	1.2¢Loses value−0.50¢ vs. keeping the points as Capital One Miles	Etihad business class to Abu Dhabi and Etihad’s fixed-price regional awards.Transfer bonuses: Occasional, 20–30%.
TAP Miles&GoWe value this currency at 1.2¢ per point	1:1	24–72 hours	1.2¢Loses value−0.50¢ vs. keeping the points as Capital One Miles	TAP business class between the US East Coast and Lisbon, with a free stopover in Portugal — a cheap way to turn one transatlantic award into two destinations.Transfer bonuses: Rarely bonused. TAP’s booking engine and customer service are unreliable; budget time and confirm ticketing before you count on it.
Aeroméxico Club PremierWe value this currency at 1.1¢ per point	1:1	Instant to 24 hours	1.1¢Loses value−0.60¢ vs. keeping the points as Capital One Miles	Delta-operated US–Mexico flights priced in Premier Points, usually below the SkyMiles price for the identical seat.Transfer bonuses: Occasional.
Emirates SkywardsWe value this currency at 1.1¢ per point	1:1	Instant to 24 hours	1.1¢Loses value−0.60¢ vs. keeping the points as Capital One Miles	Emirates first class departing Asia, where the surcharge is lowest.Transfer bonuses: Occasional, 20–30%.
Finnair PlusWe value this currency at 1.0¢ per point	1:1	Instant to 48 hours	1.0¢Loses value−0.70¢ vs. keeping the points as Capital One Miles	Thin. Finnair Plus moved to demand-based pricing in 2024 and rarely beats booking the same oneworld seat through Avios or Asia Miles. Transfer here only when you have priced the alternatives and Finnair genuinely wins.Transfer bonuses: Rarely bonused.
Wyndham RewardsWe value this currency at 0.9¢ per point	1:1	Instant to 24 hours	0.9¢Loses value−0.80¢ vs. keeping the points as Capital One Miles	Vacasa vacation rentals at a flat points price per bedroom per night, independent of the cash rate — a whole house in peak season for a fixed number of points.Transfer bonuses: Occasionally bonused. Verify current Vacasa redemption rules before transferring.
Choice PrivilegesWe value this currency at 0.6¢ per point	1:2 (1,000 miles become 2,000 Choice points)more points out than in	Instant to 24 hours	1.2¢Loses value−0.50¢ vs. keeping the points as Capital One Miles	Preferred Hotels & Resorts properties in Europe at fixed points prices. Doubling into a low-value currency is the whole trick here, and it works.Transfer bonuses: Occasionally bonused on top of the 1:2 ratio.

Transfers are one-way and permanent. No bank has ever reversed one. Confirm the ratio on Capital One Miles’s own transfer page and find award space in the partner’s program before you move a single point — a transfer made against space that turns out not to exist cannot be undone. Miles do not expire for the life of the account. There is no inactivity clock and no earning requirement. Closing the account forfeits any remaining balance, so transfer miles out to a partner before you close a Venture, VentureOne or Spark card. Miles cannot be moved between two different people’s Capital One accounts.

Citi ThankYou Points transfer partners

All 18 partners Citi ThankYou Points publishes, ranked by what one point is worth after the transfer, with the redemption that justifies each route and the transfer-bonus history where there is one worth waiting for. Ratios reconciled against Citi ThankYou Points's own transfer page on July 20, 2026.

Citi ThankYou Points transfer partners, ranked by what a point is worth after the transferAll 18 published partners. “One point becomes” applies the transfer ratio to our published valuation of the destination currency. Gain and loss are measured against **keeping the points as Citi ThankYou Points** at 1.7¢ per point, which is what these points are worth if you do nothing — how we value points. Ratios and partner list verified July 20, 2026.
		Transfer timeTypical, not guaranteed		Sweet spot — what to actually book
Accor Live LimitlessWe value this currency at 2.0¢ per point	2:1 (2,000 points become 1,000 Accor points, worth €20)fewer points out than in	Instant to 48 hours	1.0¢Loses value−0.70¢ vs. keeping the points as Citi ThankYou Points	None. Accor points are fixed at €0.02 each, so this transfer converts a 1.7¢ point into roughly 1¢ of hotel credit. The only argument for it is that Accor credit never devalues.Transfer bonuses: Rarely bonused. The ratio has not moved.
Turkish Airlines Miles&SmilesWe value this currency at 1.6¢ per point	1:1	Instant to 24 hours	1.6¢Loses value−0.10¢ vs. keeping the points as Citi ThankYou Points	Star Alliance business class between North America and Europe, priced off one of the last genuinely fixed partner charts. United-operated domestic and Hawaii awards also price well below what United charges for the identical seat. Find the space on Aeroplan or united.com first, then transfer.Transfer bonuses: Bonused occasionally at 15–25%. Miles&Smiles miles hard-expire three years from the date earned, so transfer only against a confirmed award.
Avianca LifeMilesWe value this currency at 1.4¢ per point	1:1	Instant to 24 hours	1.4¢Loses value−0.30¢ vs. keeping the points as Citi ThankYou Points	Lufthansa and Swiss business class to Europe with no carrier surcharges at all — an award that settles for under $100 in cash rather than $600.Transfer bonuses: One of Citi’s more frequently bonused partners, typically 15–25%, a few times a year.
Qatar Airways Privilege ClubWe value this currency at 1.4¢ per point	1:1	Instant to 24 hours	1.4¢Loses value−0.30¢ vs. keeping the points as Citi ThankYou Points	Qsuite business class from the US to Doha and beyond, priced in Avios off a fixed table. Qatar releases more of its own Qsuite space to Privilege Club than it does to AAdvantage.Transfer bonuses: Bonused occasionally at 20–30% since Qatar adopted Avios.
Singapore Airlines KrisFlyerWe value this currency at 1.4¢ per point	1:1	12–48 hours	1.4¢Loses value−0.30¢ vs. keeping the points as Citi ThankYou Points	Saver awards in Singapore Suites and Singapore long-haul business, which the airline does not release to Star Alliance partners.Transfer bonuses: Rare. KrisFlyer miles hard-expire three years from the date earned.
Virgin Atlantic Flying ClubWe value this currency at 1.4¢ per point	1:1	Instant	1.4¢Loses value−0.30¢ vs. keeping the points as Citi ThankYou Points	ANA round-trip business class between the US and Japan, off Virgin’s fixed partner table.Transfer bonuses: Bonused occasionally at 20–30%.
Air France-KLM Flying BlueWe value this currency at 1.3¢ per point	1:1	Instant to 24 hours	1.3¢Loses value−0.40¢ vs. keeping the points as Citi ThankYou Points	The monthly Promo Rewards list, which cuts selected Air France and KLM business-class routes by 25–50%.Transfer bonuses: Bonused two or three times a year at 20–25%.
Cathay Pacific Asia MilesWe value this currency at 1.3¢ per point	1:1	Instant to 48 hours	1.3¢Loses value−0.40¢ vs. keeping the points as Citi ThankYou Points	Cathay business class to Hong Kong on a distance-based chart, plus oneworld partner awards that Asia Miles prices better than British Airways on long sectors.Transfer bonuses: Occasional, 15–25%.
EVA Air Infinity MileageLandsWe value this currency at 1.3¢ per point	1:1	2–7 days	1.3¢Loses value−0.40¢ vs. keeping the points as Citi ThankYou Points	EVA Air’s Royal Laurel business class between the US and Taipei on a fixed round-trip chart — one of the better business-class products in Star Alliance at a knowable price.Transfer bonuses: Rarely bonused. Transfers are the slowest on Citi’s list and the account must be open at least a week before it can receive points.
JetBlue TrueBlueWe value this currency at 1.3¢ per point	1:1	Instant	1.3¢Loses value−0.40¢ vs. keeping the points as Citi ThankYou Points	Mint transcontinental seats during off-peak pricing. Citi’s 1:1 ratio makes this a materially better route into TrueBlue than Amex’s 250:200.Transfer bonuses: Occasional.
Qantas Frequent FlyerWe value this currency at 1.3¢ per point	1:1	24–48 hours	1.3¢Loses value−0.40¢ vs. keeping the points as Citi ThankYou Points	Qantas business class across the Pacific and Emirates-operated awards booked through Qantas, which prices some Emirates routes below Skywards.Transfer bonuses: Occasional, 15–25%.
Etihad GuestWe value this currency at 1.2¢ per point	1:1	Instant to 24 hours	1.2¢Loses value−0.50¢ vs. keeping the points as Citi ThankYou Points	Etihad business class to Abu Dhabi and Etihad’s own regional and South Asian awards at fixed prices.Transfer bonuses: Occasional, 20–30%.
Malaysia Airlines EnrichWe value this currency at 1.2¢ per point	1:1	1–3 days	1.2¢Loses value−0.50¢ vs. keeping the points as Citi ThankYou Points	Qatar Qsuite and Japan Airlines business class booked through Enrich, which prices several oneworld partners below what the partners’ own programs charge.Transfer bonuses: Rarely bonused. Enrich ticketing frequently requires a phone call.
Aeroméxico Club PremierWe value this currency at 1.1¢ per point	1:1	Instant to 24 hours	1.1¢Loses value−0.60¢ vs. keeping the points as Citi ThankYou Points	Delta-operated flights between the US and Mexico priced in Premier Points, which is frequently cheaper than the same seat in SkyMiles.Transfer bonuses: Occasional.
Emirates SkywardsWe value this currency at 1.1¢ per point	1:1	Instant to 24 hours	1.1¢Loses value−0.60¢ vs. keeping the points as Citi ThankYou Points	Emirates first class departing Asia, where surcharges are a fraction of the US and European levels.Transfer bonuses: Occasional, 20–30%.
Thai Royal Orchid PlusWe value this currency at 1.1¢ per point	1:1	2–5 days	1.1¢Loses value−0.60¢ vs. keeping the points as Citi ThankYou Points	Thai Airways business class within Asia and between Europe and Bangkok, priced off a fixed regional chart.Transfer bonuses: Rarely bonused. Ticketing generally requires contacting Thai directly.
Wyndham RewardsWe value this currency at 0.9¢ per point	1:1	Instant to 24 hours	0.9¢Loses value−0.80¢ vs. keeping the points as Citi ThankYou Points	Vacasa vacation rentals, which Wyndham prices at a flat rate per bedroom per night regardless of the cash rate. A whole house on the Oregon coast in August for a fixed number of points is the single highest-value hotel redemption reachable from a bank currency.Transfer bonuses: Bonused occasionally at 15–25%. Vacasa inventory and pricing rules have changed more than once — verify before transferring.
Choice PrivilegesWe value this currency at 0.6¢ per point	1:2 (1,000 points become 2,000 Choice points)more points out than in	Instant to 24 hours	1.2¢Loses value−0.50¢ vs. keeping the points as Citi ThankYou Points	Preferred Hotels & Resorts properties in Europe bookable through Choice at a fixed points price — the 1:2 ratio turns a low-value hotel currency into a competitive one.Transfer bonuses: Bonused occasionally, which pushes an already good ratio to 1:2.5 or better.

Transfers are one-way and permanent. No bank has ever reversed one. Confirm the ratio on Citi ThankYou Points’s own transfer page and find award space in the partner’s program before you move a single point — a transfer made against space that turns out not to exist cannot be undone. Points do not expire while you hold an open, eligible ThankYou account. When your last eligible account closes you have 90 days to use the remaining balance before it is forfeited. Citi also forfeits points on accounts more than 60 days past due, and points earned on a closed product are pooled into your remaining accounts rather than lost, provided one remains open.

Hotel points into airline miles: the one conversion worth understanding

Transfers do not only run from banks outward. Marriott Bonvoy converts to airline programs, and it is the only hotel-to-airline conversion large enough to matter — which does not make it a good idea. The ratio is punitive and the bonus at the top of each increment is the only thing that makes it arithmetically survivable.

Marriott Bonvoy to airline miles, ranked by what one Bonvoy point is worth after conversionAll 12 published partners. “One point becomes” applies the transfer ratio to our published valuation of the destination currency. Gain and loss are measured against **keeping the points as Marriott Bonvoy** at 0.7¢ per point, which is what these points are worth if you do nothing — how we value points. Ratios and partner list verified July 15, 2026.
		Transfer timeTypical, not guaranteed		Sweet spot — what to actually book
Air Canada AeroplanWe value this currency at 1.5¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.63¢Loses value−0.07¢ vs. keeping the points as Marriott Bonvoy	Aeroplan’s distance-based partner chart gives converted points a fixed ceiling, and the 5,000-point stopover means one converted balance can cover two cities.Transfer bonuses: No transfer bonuses.
Alaska Atmos RewardsWe value this currency at 1.5¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.63¢Loses value−0.07¢ vs. keeping the points as Marriott Bonvoy	The best of a weak set: Mileage Plan partner awards price off published bands, so 60,000 Bonvoy points becoming 25,000 miles can still reach a one-way Japan Airlines or Cathay Pacific business seat with a free stopover.Transfer bonuses: Marriott has not varied the airline conversion ratio in years and does not run transfer bonuses on it. Treat the ratio as permanent.
American Airlines AAdvantageWe value this currency at 1.45¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.6¢Loses value−0.10¢ vs. keeping the points as Marriott Bonvoy	Worth considering only to top up an AAdvantage balance for a Web Special or a Qatar Qsuite award you have already found — never as a way to build one from scratch.Transfer bonuses: No transfer bonuses. The ratio has been unchanged since the 2018 program merger.
Avianca LifeMilesWe value this currency at 1.4¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.58¢Loses value−0.12¢ vs. keeping the points as Marriott Bonvoy	LifeMiles charges no carrier surcharges, so converted points buy a Lufthansa or Swiss business seat with under $100 of cash attached.Transfer bonuses: No transfer bonuses.
JAL Mileage BankWe value this currency at 1.4¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.58¢Loses value−0.12¢ vs. keeping the points as Marriott Bonvoy	JAL’s round-trip oneworld chart is one of the last genuinely cheap first-class charts anywhere, and Bonvoy is one of very few ways a US member can feed it.Transfer bonuses: No transfer bonuses.
Qatar Airways Privilege ClubWe value this currency at 1.4¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.58¢Loses value−0.12¢ vs. keeping the points as Marriott Bonvoy	Qsuite business class to Doha and onward to South Asia or Africa, priced in Avios off a fixed table.Transfer bonuses: No transfer bonuses.
Singapore Airlines KrisFlyerWe value this currency at 1.4¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.58¢Loses value−0.12¢ vs. keeping the points as Marriott Bonvoy	A Saver seat in Singapore Suites is unreachable with any other hotel currency, so a converted Bonvoy balance is a legitimate last resort if you have found the space.Transfer bonuses: No transfer bonuses. KrisFlyer’s three-year hard expiry applies to converted miles from the date they land.
Virgin Atlantic Flying ClubWe value this currency at 1.4¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.58¢Loses value−0.12¢ vs. keeping the points as Marriott Bonvoy	Topping up for the ANA round-trip business award, which is fixed-priced and therefore the redemption least damaged by a 3:1 conversion.Transfer bonuses: No transfer bonuses.
British Airways Executive ClubWe value this currency at 1.35¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.56¢Loses value−0.14¢ vs. keeping the points as Marriott Bonvoy	Short-haul distance-band awards on American or Alaska, where a small number of Avios buys a domestic segment — the one place a 3:1 conversion still leaves you ahead.Transfer bonuses: No transfer bonuses.
United MileagePlusWe value this currency at 1.35¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.56¢Loses value−0.14¢ vs. keeping the points as Marriott Bonvoy	Topping up for an Excursionist Perk itinerary where you are a few thousand miles short. The conversion loses value; finishing the award recovers it.Transfer bonuses: No transfer bonuses.
Air France-KLM Flying BlueWe value this currency at 1.3¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.54¢Loses value−0.16¢ vs. keeping the points as Marriott Bonvoy	Only when a Promo Reward has already discounted the route you want by 25–50%; at standard Flying Blue pricing the conversion is not defensible.Transfer bonuses: No transfer bonuses.
Cathay Pacific Asia MilesWe value this currency at 1.3¢ per point	3:1, plus 5,000 bonus miles per 60,000 points transferred (2.4:1 at that increment)fewer points out than in	24–72 hours	0.54¢Loses value−0.16¢ vs. keeping the points as Marriott Bonvoy	Asia Miles prices oneworld partners off a distance table, and Cathay releases its own long-haul business space to its members first.Transfer bonuses: No transfer bonuses.

Transfers are one-way and permanent. No bank has ever reversed one. Confirm the ratio on Marriott Bonvoy’s own transfer page and find award space in the partner’s program before you move a single point — a transfer made against space that turns out not to exist cannot be undone. Points expire after 24 months with no qualifying earning or redeeming activity. Any stay, co-brand card purchase, points purchase or transfer in resets the clock. US Bonvoy cardholders who use the card at all are effectively exempt, because card spend counts as qualifying activity.

The rules that apply to every transfer

Six mechanics apply nearly everywhere, and each one has cost somebody a balance.

Transfers are irreversible. Not "difficult to reverse" — never reversed. Wrong program, wrong account, wrong direction, ten seconds after clicking: the points are gone. This is the only rule on the page that has no exception.
The names must match. Most banks will only transfer into a loyalty account in the cardholder's own name, and several verify it. Transfers into a spouse's or a parent's account are permitted by some programs and blocked by others, and the block usually appears after you have committed.
Transfers post in increments. Usually thousand-point blocks, occasionally larger. You cannot move an exact award price if the award price is not a round number, so the remainder strands in the destination program until you find a second use for it.
The destination's expiry clock starts on arrival. Points that were safe in a bank account inherit the destination program's expiration policy the moment they land. A few programs run hard expiries rather than inactivity clocks, and those are the ones where a speculative transfer can quietly cost you everything.
Some transfers carry a fee. One US issuer charges a small excise-tax offset on transfers to domestic airline programs, calculated per thousand points and capped. It is small, but it makes topping up a domestic balance in several small transfers worse than doing it once.
Transferred points usually do not count for status. They almost never earn elite qualifying credit, and in one program they explicitly do not count toward the companion benefit that is the main reason to hold the currency at all.

Frequently asked questions

Which credit card points transfer to which airlines?
The five US transferable currencies — Chase, Bilt, Amex, Capital One, Citi — reach 36 airline and hotel programs between them across 91 published routes. The matrix at the top of this page shows every one, with the ratio each bank publishes and what one point is worth after the conversion at our valuations. Most routes are 1:1; the exceptions are where readers lose money.
Can a points transfer be reversed?
No. No bank and no airline has ever reversed a completed points transfer, including transfers made within minutes of the mistake, to the wrong program, or to the wrong account. This is the single most consequential fact on this page: confirm the award seat is bookable in the destination program before you move anything.
Is a 2:1 transfer ever worth doing?
Almost never, and the arithmetic is the reason. A ratio below 1:1 has to be paid back by the destination currency being worth more than double the source, and no destination in our model clears that bar from any bank currency. The exceptions worth knowing are ratios above 1:1 into weak currencies, which look generous and usually are not — the matrix resolves both cases into a single value-after-transfer figure so the comparison is not left to the reader.
How long do transfers take?
It ranges from instant to several days, and the difference matters more than it looks: transfer time is your exposure window if the award space disappears. Chase Ultimate Rewards posts 11 of its 14 partners instantly. The transfer time for every route on this page is published in the per-bank tables below, sourced from each bank's own disclosure rather than from anecdote.
Do transfer bonuses make a bad transfer good?
Rarely. A bonus multiplies the number of points you receive, not the value of each one, so a bonus into a program with poor award pricing still lands you in a program with poor award pricing. The exception is a bonus into a program you had already decided to book, where it is a straight discount. Treat a bonus as a reason to accelerate a plan, never as a reason to form one.
Should I transfer points to top up a balance I already have?
That is the one case where a poor ratio can still be correct. Finishing an award you can book today recovers more value than protecting points for an award you might book later. The test is whether the redemption is confirmed and priced, not whether the ratio looks acceptable in isolation.

About the author

Nicholas MilesEditor, Award Rate

Nicholas Miles writes and maintains every page on Award Rate, and the site is built so that none of those pages has to be taken on faith: every card figure is rendered from a structured record that is checked against the issuer’s own pricing-and-terms disclosure, and the build fails if a number appears in prose instead. The points side of the site is lived-in rather than theoretical — Nicholas holds and tracks balances across ten loyalty programs — transferable bank currencies and the airline and hotel programs they feed — and recently took the family on a multi-stop award trip across Korea, Japan and Hawaii, flown mostly on points — the multi-seat, fixed-dates redemption problem most points advice quietly ignores. The conflicts that come with that are disclosed rather than hidden: the editor personally collects and redeems points in programs this site covers, the site is funded by affiliate commission disclosed on every offer page, and no issuer, airline or hotel group has any other relationship with it.

Personally earns, tracks and redeems points and miles across ten loyalty programs
Built the Award Rate card-data model and the verification gates every published figure must pass
Booked and flew a multi-stop family award trip across Korea, Japan and Hawaii, mostly on points

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