Credit card transfer bonuses (December): 40% bonus to Virgin Atlantic and more

Transfer bonuses can offer lucrative opportunities to maximize your points and miles and work your way toward fantastic award redemptions. You can sometimes get significantly more value from your rewards by transferring them to an airline or hotel partner during one of these bonus periods.

Remember, though, that these are limited-time offers, so you’ll need to act fast if you find one that suits your travel plans.

We’ve compiled transfer bonus updates for most major programs with transferable rewards to make tracking these offers easier. Just note that transfer bonuses are sometimes targeted, so some may not be available.

Active credit card transfer bonuses

We’re currently seeing transfer bonuses from:

Transfer from	Transfer to	Bonus details	End date	Transfer ratio
American Express Membership Rewards	Virgin Atlantic Flying Club	40%	Dec. 31, 2025	1,000 points equals 1,400 points
Chase Ultimate Rewards	Air Canada Aeroplan	25%	Jan. 5, 2026	1,000 points equals 1,250 points
Chase Ultimate Rewards	IHG One Rewards	70%	Jan. 15, 2026	1,000 points equals 1,700 points
Rove Miles	Finnair Plus	20%	Dec. 31, 2025	1,000 miles equals 1,200 Avios

American Express Membership Rewards transfer bonuses

American Express Membership Rewards is currently offering two transfer bonuses. Through Dec. 31, you can transfer your Amex points to the Virgin Atlantic Flying Club program with a 40% bonus — which means that for every 1,000 points you transfer, you’ll receive 1,400 Flying Club points.

This is an amazing deal, as you could potentially book a lie-flat, business-class, Saver-level award seat to Europe by transferring just 21,000 Membership Rewards points. Note that Flying Club does charge additional taxes, fees and surcharges on Saver redemptions.

How to earn American Express Membership Rewards points

If you’re looking to earn more of these valuable points, the following American Express cards could prove useful additions to your wallet:

American Express® Gold Card: Find out your offer and see if you are eligible for as high as 100,000 Membership Rewards points after spending $6,000 on purchases within the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.
American Express Platinum Card®: Find out your offer and see if you are eligible for as high as 175,000 Membership Rewards points after spending $8,000 on purchases in the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.

Capital One transfer bonuses

Capital One is not offering any transfer bonuses at this time.

How to earn Capital One miles

If you’re looking to earn more transferable miles, the following Capital One cards are solid options to consider:

Capital One Spark Miles for Business: Earn 50,000 bonus miles after spending $4,500 on purchases in the first three months from account opening.
Capital One Venture Rewards Credit Card: Earn 75,000 bonus miles after spending $4,000 on purchases within the first three months from account opening.
Capital One Venture X Rewards Credit Card: Earn 100,000 bonus miles after spending $10,000 on purchases in the first six months from account opening.

TPG’s December 2025 valuations peg Capital One miles at 1.85 cents each, and most transfers from Capital One will process instantly. For more details, read our guides to Capital One transfer partners and how to transfer Capital One miles.

Chase Ultimate Rewards transfer bonuses

Chase is currently offering two transfer bonuses. From now through Jan. 5, 2026, you can transfer Chase Ultimate Rewards points to Air Canada Aeroplan with a 25% bonus. Therefore, when you transfer 1,000 Chase points, you’ll receive 1,250 Aeroplan points.

This can be a beneficial bonus, especially if you’re looking to save on partner award flights. You could book select United Airlines flights through Aeroplan using your points.

Additionally, through Jan. 15, 2026, you could transfer your Chase points to IHG One Rewards with a 70% bonus. So, when you transfer 1,000 Chase points, you’ll receive 1,700 IHG points.

Since TPG values Chase points at 2.05 cents apiece and IHG points at 0.5 cents apiece, per our December 2025 valuations, you may not be maximizing your points if you act on this transfer bonus. For example, 10,000 Chase points are worth $205, while 17,000 IHG points (Chase points plus a 70% transfer bonus) are worth $85, according to our valuations.

However, if you need to top off your IHG account to book a hotel stay, utilizing this transfer bonus could be a good option.

How to earn Chase Ultimate Rewards points

If you want to earn more Chase Ultimate Rewards points, the following Chase cards could make good additions to your wallet:

Chase Sapphire Preferred® Card (see rates and fees): Earn 75,000 bonus points after spending $5,000 on purchases in the first three months from account opening.
Chase Sapphire Reserve® (see rates and fees): Earn 125,000 bonus points after spending $6,000 on purchases in the first three months from account opening.
Ink Business Preferred® Credit Card: Earn 90,000 bonus points after spending $8,000 on purchases in the first three months from account opening.

The information for the Ink Business Preferred has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Citi ThankYou Rewards transfer bonuses

Citi ThankYou Rewards is not currently offering any transfer bonuses.

It’s important to note for the next time Citi offers a transfer bonus that you’ll only unlock the bonus in its entirety if you hold the Citi Strata Elite℠ Card, the Citi Strata Premier® Card (see rates and fees) or the Citi Prestige® Card (no longer available to new applicants). Other Citi cards do not unlock the full 1:1 transfer ratio, so the transfers aren’t as valuable.

The information for the Citi Strata Elite and Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

How to earn Citi ThankYou Rewards points

To earn more ThankYou Rewards points, consider these Citi credit cards:

Citi Strata Elite Card: For a limited time, earn 100,000 bonus points after spending $6,000 on purchases in the first three months from account opening.
Citi Strata Premier Card: Earn 60,000 bonus points after spending $4,000 on purchases in the first three months from account opening.

TPG values Citi ThankYou Rewards points at 1.9 cents each, per our December 2025 valuations, and most transfers happen instantly.

Marriott Bonvoy transfer bonuses

Although you can transfer Marriott Bonvoy points to various airlines, the program does not currently offer any transfer bonuses from Marriott Bonvoy to airline partners.

How to earn Marriott Bonvoy points

If you’re looking to earn Marriott Bonvoy points, the following Marriott cards may be of interest:

Marriott Bonvoy Bold® Credit Card (see rates and fees): Earn 30,000 bonus points after spending $1,000 on purchases in the first three months from account opening.
Marriott Bonvoy Boundless® Credit Card (see rates and fees): Earn three free night awards (valued at up to 50,000 points each) after spending $3,000 on purchases in the first three months from account opening. Certain hotels have resort fees.
Marriott Bonvoy Brilliant® American Express® Card: Earn 100,000 bonus points after spending $6,000 on purchases within the first six months of card membership.
Marriott Bonvoy Business® American Express® Card: Earn up to 125,000 bonus points: 75,000 bonus points after spending $6,000 on purchases in the first six months of card membership and an additional 50,000 bonus points after spending an additional $3,000 in the first six months of card membership.

According to TPG’s December 2025 valuations, Marriott Bonvoy points are worth 0.7 cents each. Some airlines take a few days (or even weeks) to receive the points.

Rove Miles transfer bonuses

We’re excited about the new “no credit card required” rewards program, Rove Miles. You can book hotels and flights and shop online through the Rove Miles portal, earning incredible amounts of transferable miles, such as up to 54 miles per dollar spent on hotels.

Rove Miles is rapidly adding transfer partners, including Lufthansa Miles & More, a program that has traditionally been difficult to earn miles in. This opens up the ability to book Lufthansa’s incredible first-class product in advance with miles.

The new program is already offering a 20% transfer bonus to Finnair Plus until Dec. 31. Remember, you can transfer Avios between accounts at a 1:1 ratio in any direction as many times as you like at no cost, so Rove Miles is essentially a 1:1 transfer partner of The British Airways Club, Qatar Airways Privilege Club and more, even before factoring in the 20% transfer bonus offered right now.

If you don’t have any Rove miles, you can earn 1,000 miles at no cost right now just by signing up through TPG’s exclusive offer.

Should you transfer points and miles?

We only recommend transferring points or miles if you have a short-term plan to use them. Transfers are irreversible, and you don’t want to be stuck with thousands of points or miles in a program you have little use for.

If you don’t have a specific redemption in mind but still want to earn points or miles, you’re likely better off earning rewards through card welcome bonuses and everyday spending.

We always recommend verifying award availability before transferring your rewards.

Bottom line

When a program with a transferable currency offers a transfer bonus, it’s important to run the numbers to determine whether it is worthwhile.

Generally, you won’t want to transfer your points or miles without a specific redemption in mind. After all, a large part of the value of transferable points and miles comes from their flexibility, which you’ll give up when you convert them to a partner’s currency. However, a transfer bonus can help you get more value from your points and miles if you frequently use a partner program or plan to redeem them soon.

Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.