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Most transfer bonuses start on the first of a month, but Chase has decided to get in there a little early by launching a new 30% bonus from Ultimate Rewards to Avios today.
The Deal
- Get a 30% bonus when transferring from Chase Ultimate Rewards to Avios.
Key Terms
- Expires September 22, 2023.
- Bonus Avios will be awarded by British Airways, Iberia or Aer Lingus in your Aer Lingus AerClub account when your transfer is complete.
Quick Thoughts
This is a pretty good offer, but if you’re swimming in Membership Rewards points and would prefer to keep your Ultimate Rewards for Hyatt stays, remember that there’s a similar 30% transfer bonus from Amex to Avios which is around until August 31.
If you’re interested in booking with Qatar Airways Avios, you can transfer from Chase to British Airways, then from British Airways to Qatar.
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Here is a brutal topic. I am in SF and have 700k amex rewards points I’m going to transfer out before a personal bankruptcy. Any transfer recommendations? The snarky business recommendations can stay on mute.
Personally I’d probably transfer to Aeroplan since they have the most partners, by far. If Air France or KLM flies out of your local airport, though, consider taking advantage of the current transfer bonus to them. Finally if you can wait for another transfer bonus from Amex to Avios, I think that’s a decent third option.
I know the general rule is don’t transfer points unless you have a need for them right way but considering that now soon there will be 5 airlines that use Avios I am highly considering dumping my Chase points (75k) into Avios and taking the 30% discount now. If I were to do the norm and wait until I need to book something there may not be a transfer bonus at that time. I don’t stay at Hyatt or fly on United or Southwest. I have a lot of Amex and Citi points so this is probably the best of the Chase points for me so I might as well take advantage of the bonus.
if you have lots of amex points, I’d use that as your transfer partner of choice. Chase should be converted to Hyatt and used for stays – there are some incredible stays at hyatt resorts world wide, including some all-inclusive.
I don’t stay at Hyatt and I am not a fan of all inclusive resorts, I travel solo and only drink beer, they have a minimal selection of beer but as a solo traveler I prefer bar style seating but in most cases you can’t take the food from the restaurant and goto the bar. You shouldn’t tell people what to do with their points, it is their decision to make. They are my points and I am going to do whateva the heck I want to do with them.
Shoulda called him a FM’er, am I right?! For the mods, this doesn’t seem like board decorum, anyway we can ban this guy?
I did the same thing with Citi Thank U with a 30% bonus to Qatar. I found Citi points to be redundant to other programs. Nothing special about them to me and so I dumped about 100,000 with a 30% bonus and did not regret it all.
I transferred all of my P2’s MR points into avios resulting in more than 500k avios. I may not redeem them in a couple of months but I have a bunch of potential usages in mind.
I tell you what– stacking the 30% Avios transfer bonus onto those distance-based sweet spots on domestic AA flights has been magic. Sent the fam to Boston in F for less than the coach price most days.
If you don’t have another use for them in mind and you know you’ll use Avios in the near future that doesn’t seem unreasonable.
Yeah the general recommendation is to not to transfer without a need but there’s an interesting cat and mouse game to be played with transfer bonuses to point currencies you use often. Even if you don’t yet have a specific booking to make but have a high degree of confidence that you’ll use the points in a short enough timeframe they won’t devalue (6 months? 1 year?) then it can be a gamble worth taking. To me it’s analogous to topping up point balances with IHG or Hilton when the points go on sale for half a cent each and you’ll likely book a rewards stay sometime that year.
With 5 airlines on Avios I suppose you could start to view it as a transferrable currency of sorts.