The biggest advantage of earning transferrable credit card points is the flexibility when you need to redeem them for travel. You can never know in advance which airline program will have availability on the flights you want to take. It’s impossible to put a value on being able to move points into whichever program you need at the exact moment you need them.
As a reminder, here are the transferrable point currencies from the major banks:
- American Express Membership Rewards
- Capital One Venture Rewards or Spark Miles
- Citi ThankYou points
- Chase Ultimate Rewards
You can also transfer points from the Marriott Bonvoy program to airline programs.
Occasionally, banks will offer bonuses to transfer points into a specific program. Most of these offers last for 1 to 2 months, so there’s not usually a need to jump into them right away.
While these promotions offer great value if you were planning on transferring points anyway, speculative usage of transfer bonuses isn’t a good idea for the average traveler.
Continue reading “Why You Shouldn’t Worry About Transfer Bonuses”
