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Intermediate Guide

Points Programs Explained

Understand transferable points, major programs, and how to get 5-10x more value from your rewards

📚 18 min read • Updated November 2025
What Are Transferable Points?

Transferable points are the most valuable type of credit card rewards because they can be converted to airline miles or hotel points at various loyalty programs. This flexibility often multiplies their value 5-10x compared to cash back!

Why Transferable Points Are Powerful

Instead of being locked into one airline or hotel, transferable points can move to 10+ different partners. You keep your options open until you're ready to book.

Flexibility: Transfer to whichever partner offers the best deal for your trip
Value: Often worth 1.5-10¢ per point vs 1¢ for cash back
Safety: Points stay with the bank until you transfer - no risk of airline devaluation

Real Example: 100,000 Points

Cash back redemption: $1,000
Economy flight NYC → Paris: $1,200
Business class NYC → Tokyo via transfer partner: $5,000+

Same 100k points, 5x more value by transferring to the right partner!

The Big 4 Transferable Points Programs

These are the most popular and valuable points programs in the US

Most Popular
Chase Ultimate Rewards (UR)

Best all-around program with excellent partners and easy redemptions

Popular Cards:
  • • Sapphire Preferred ($95/year)
  • • Sapphire Reserve ($795/year)
  • • Freedom Unlimited (no fee)
  • • Freedom Flex (no fee)
Best For:
  • • Beginners to points
  • • Flexible travel planning
  • • Hyatt hotel stays

Key Transfer Partners (1:1 ratio):

United Airlines Excellent
Hyatt Best Value
Southwest Great
Air France/KLM Good

+ 10 more partners including British Airways, Emirates, Virgin Atlantic, Marriott

Pro Tip: Hyatt transfers are consistently the best value. 50k Chase points = 5+ nights at excellent properties!

Most Partners
Amex Membership Rewards (MR)

Largest transfer network with premium airline partners

Popular Cards:
  • • Gold Card ($250/year)
  • • Platinum Card ($695/year)
  • • Green Card ($150/year)
  • • Blue Business Plus (no fee)
Best For:
  • • International business class
  • • Maximum flexibility
  • • Premium travel experiences

Key Transfer Partners (1:1 ratio):

ANA (All Nippon Airways) Best Value
Delta Airlines Excellent
Air Canada Aeroplan Great
Hilton (1:2 ratio) Good

+ 20 more partners including British Airways, Virgin Atlantic, Air France/KLM, Marriott

Pro Tip: ANA transfers are legendary for round-the-world business class tickets. 180k MR = business class around the world!

Underrated
Citi ThankYou Points

Smaller network but excellent airline options

Popular Cards:
  • • Premier Card ($95/year)
  • • Prestige Card ($495/year)
  • • Rewards+ Card (no fee)
Best For:
  • • Asia travel
  • • Turkish Airlines
  • • Wyndham hotels

Key Transfer Partners (1:1 ratio):

Turkish Airlines Best Value
Singapore Airlines Excellent
Wyndham Great
Avianca LifeMiles Good

+ 11 more partners including Virgin Atlantic, Cathay Pacific, Qantas

Pro Tip: Turkish Airlines has one of the best Star Alliance award charts. Great for Europe and Asia travel!

Simplest
Capital One Miles

Fixed-value miles with transfer options - easiest to use

Popular Cards:
  • • Venture X Card ($395/year)
  • • Venture Card ($95/year)
  • • VentureOne (no fee)
Best For:
  • • Simplicity (1¢ = 1 mile)
  • • Travel statement credits
  • • Some transfer bonuses

Unique Feature: Fixed Value

Unlike other programs, Capital One miles are always worth 1¢ each when redeemed for travel through their portal. This makes them easier to understand and plan with!

Key Transfer Partners (1:1 ratio):

Turkish Airlines Great
Air Canada Aeroplan Good
Wyndham (1:2 ratio) Excellent
British Airways Good

+ 15 more partners including Air France/KLM, Singapore Airlines, Cathay Pacific

Pro Tip: Wyndham transfers at 2:1 and Wyndham points are valuable. 30k Cap One miles = 60k Wyndham = 4+ free nights!

How Transfer Partners Work

Understanding the mechanics of transferring points

1

Choose Your Destination & Search Award Availability

Before transferring, check if the flight/hotel you want is available using points. Search directly on the airline/hotel website or use award search tools.

2

Find the Best Partner for Your Route

Different transfer partners have different award charts and availability. NYC to Paris might be cheaper with Air France while Tokyo might be better with ANA.

3

Transfer Your Points

Log into your Chase/Amex/Citi account and initiate the transfer. Most transfers are instant, some take 1-2 days. Transfers are usually at 1:1 ratio.

4

Book Your Award Travel

Once points appear in your airline/hotel account, book your award! You'll typically pay taxes and fees (varies by route, usually $50-300).

Important Warning

Always search availability BEFORE transferring! Transfers are usually one-way and irreversible. Make sure the award is bookable before you move your points.

When to Transfer vs Cash Out

Maximizing value based on your situation

When to Transfer to Partners

  • • Booking international business/first class
  • • Premium hotel stays (luxury properties)
  • • Routes with poor cash prices but good award availability
  • • When you can get 2¢+ per point in value
  • • Taking advantage of transfer bonuses

When to Use Cash/Portal

  • • Booking economy domestic flights
  • • Budget hotels or Airbnb
  • • When award availability is poor
  • • When you need cash for bills/expenses
  • • When cash prices are exceptionally low

The "Cents Per Point" Rule

Calculate: (Cash price of flight) ÷ (Points needed) = Value per point

Below 1.5¢ per point: Consider cash instead
1.5-2.5¢ per point: Good value, probably transfer
2.5¢+ per point: Excellent value, definitely transfer!
Transfer Bonuses: Free Extra Points

How to get 20-50% more value from your transfers

Several times per year, credit card issuers offer transfer bonuses where you get extra points when transferring to certain partners. These bonuses typically range from 20-50% and last 2-5 days.

Example: 30% Hyatt Transfer Bonus

Transfer 100,000 Chase points: Receive 130,000 Hyatt points
That's: 30,000 free Hyatt points!
Enough for: 2-3 extra free hotel nights

How to Take Advantage:

Subscribe to alerts - Card Curator automatically emails you when bonuses go live (no setup needed!)

Keep flexible points - Don't transfer points until you need them, so you can capitalize on bonuses

Act fast - Bonuses typically last 2-5 days, so be ready to transfer when a good one appears

Card Curator tip: We track all transfer bonuses and send personalized alerts explaining how each bonus helps YOUR specific goals. You'll never miss a valuable opportunity!

Key Takeaways

Transferable points (Chase UR, Amex MR, Citi TYP, Capital One) offer 5-10x more value than cash

The Big 4 programs have 10-20+ airline and hotel transfer partners each

Always check award availability BEFORE transferring - transfers are usually irreversible

Transfer bonuses (20-50% extra) can multiply your rewards value even further

Best for international business class, premium hotels, and routes with poor cash prices

Ready to Start Optimizing?

Let Card Curator Help You Maximize Points

Track your points across all programs, get transfer bonus alerts, and use our AI assistant to plan your best redemptions

Questions? for personalized advice!