Unlock Hidden Travel Rewards: The August Credit Card Bonus You Can’t Afford to Miss!
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.
And we always recommend you ensure 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 use a partner program frequently or plan to redeem soon.
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