Transferring points between programmes is a key skill for advanced loyalty users. The framework below covers the major transfers.
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The major transferable currencies
Chase Ultimate Rewards
Transfers to: Hyatt (1:1), United (1:1), Southwest (1:1), Marriott (1:1), British Airways (1:1).
The Hyatt transfer is the strongest hotel option (Hyatt points value is 2-2.5 cents).
AmEx Membership Rewards
Transfers to: Hilton (1:2, mediocre), Marriott (1:1), Choice (1:1), Delta (1:1), British Airways (1:1).
The Hilton transfer is poor; the Marriott transfer is reasonable.
Citi ThankYou Points
Transfers to: Choice Hotels (1:2), Wyndham (1:1), several airlines.
Less useful for hotel transfers due to limited high-value partners.
Capital One Venture Miles
Transfers to: Choice Hotels (1:1), Wyndham (1:1), several airlines.
Limited hotel transfer value.
How to use transfers strategically
Three rules:
Rule 1: transfer for specific redemptions, not speculatively
Transferring without a specific redemption locks the points into a less-flexible currency.
Rule 2: verify transfer ratios
Some transfers have promotions (5-30% bonus). Watch for these.
Rule 3: Chase + Hyatt is the strongest combination
The Chase Ultimate Rewards to Hyatt 1:1 transfer is the strongest hotel transfer in the major programmes.
When NOT to transfer
Three scenarios:
- Transferring AmEx to Hilton (1:2 ratio is poor)
- Transferring without a specific redemption identified
- Transferring during devaluation periods
Five rules
- Chase + Hyatt is the gold standard
- Verify ratios before transferring
- Transfer for specific redemptions only
- Watch for transfer bonus promotions
- Avoid AmEx-to-Hilton transfers
For more, see the combos pillar.