The best transfer bonus offers live right now are all ending within days, and four of them are worth knowing about before they disappear. Amex, Capital One, Chase, and Rove all have active promotions that close between May 30 and June 6, which means anyone sitting on a stash of points has a narrow window to act. Some of these are very useful. One of them is rare enough that it might not return for years. And at least one comes with a hidden deadline that makes it even more time-sensitive than the expiration date suggests.
Here is the full breakdown.
Amex To Hilton Honors: 20% Bonus, Ends May 30
American Express Membership Rewards points normally transfer to Hilton Honors at a 1:2 ratio. With this bonus, every 1,000 Membership Rewards points becomes 2,400 Hilton Honors points through 11:59 PM ET on May 30, 2026.
This is the lower end of what Amex typically offers to Hilton. Historical bonuses have ranged from 20 to 40 percent, so 20 is not the time to clear out your Membership Rewards balance speculatively.
Where it can work: topping off an account for a specific Hilton stay you have already priced out, especially at Conrad, Waldorf Astoria, or one of Hilton’s Small Luxury Hotel properties. The fifth-night-free benefit for Hilton Silver elites and above can stretch this further.
Who should skip: anyone moving points without a redemption in mind. Hilton points have been devalued repeatedly, with peak nightly rates reaching 250,000 points at top properties. Transfers are one-way, and Membership Rewards have far more flexible uses elsewhere.
Capital One To Qantas Frequent Flyer: 20% Bonus, Ends May 31
Capital One miles ordinarily transfer to Qantas at a 1:1 ratio. With this bonus, 1,000 Capital One miles becomes 1,200 Qantas points through 11:59 PM ET on May 31, 2026.
Capital One runs transfer bonuses far less often than Amex or Chase, so this one is rarer than it looks on paper. Qantas uses a distance-based award chart, which makes it interesting for very specific routes rather than across-the-board redemptions.
Where it can work: short-haul American Airlines awards within the US, flights to French Polynesia, and oneworld partner redemptions where Qantas pricing comes in cheaper than American AAdvantage or British Airways Avios. Qantas is also one of the few programs that still allows round-the-world tickets.
Rove To Air Canada Aeroplan: 25% Bonus, Ends June 6 (With A Hidden Deadline)
Rove added Aeroplan as its newest transfer partner in May, and is celebrating with a 25% launch bonus. Through 11:59 PM ET on June 6, 2026, every 1,000 Rove Miles becomes 1,250 Aeroplan points.
Here is what makes this one urgent beyond the bonus expiration: Aeroplan is raising award prices starting June 1, 2026. Roughly 85 percent of redemptions are going up, with the biggest increases hitting premium cabins. Popular routes between North America and Europe or Asia are rising by 5,000 to 25,000 points. That means the real deadline for locking in current Aeroplan pricing with the Rove bonus is May 31, not June 6.
Where it works: Aeroplan is one of the strongest Star Alliance programs for booking long-haul business class, particularly on United, Lufthansa, Swiss, and ANA. The lap infant policy on award tickets is also more generous than most programs.
Who should skip: anyone who has not yet found Aeroplan award space they actually want to book. Transferring speculatively right before a devaluation is the wrong move if you do not have a redemption in hand.
For new Rove signups, the platform offers a sign-up bonus that can help close the gap toward a meaningful Aeroplan redemption. You can sign up through this referral link for 1,500 bonus miles instantly.
Chase To Southwest Rapid Rewards: 30% Bonus, Ends June 5
Chase Ultimate Rewards normally transfers to Southwest Rapid Rewards at 1:1. With this bonus, 1,000 Chase points becomes 1,300 Rapid Rewards points through 11:59 PM ET on June 5, 2026.
This is only the second Chase-to-Southwest transfer bonus in over five years, and at 30 percent it is more generous than the 25 percent version that ran in late 2025. There is no cap, and transfers are typically instant.
Where it works: domestic Southwest flights where the cash-to-points ratio is already strong, topping off for a known redemption, or extending Companion Pass value indirectly. Note that bonus points do not count toward Companion Pass qualification or A-List status.
Where the math gets ugly: Chase Ultimate Rewards points are typically valued around 2 cents each, and Southwest Rapid Rewards are valued around 1.1 to 1.3 cents. Even with the 30 percent bump, you are usually getting less value than if you had used Chase points through the travel portal or transferred to Hyatt, Air Canada Aeroplan, or another higher-value partner.
What This Means Practically
The two with hard urgency are Amex to Hilton (May 30) and Capital One to Qantas (May 31). After that, Aeroplan effectively closes on May 31 because of the June 1 devaluation, even though the Rove bonus technically runs through June 6. Chase to Southwest has the most runway at June 5, but also the weakest math.
The bigger principle: do not transfer points speculatively because of any bonus, no matter how rare. Transfers are one-way, and a 30 percent bonus on the wrong currency is still a loss compared to keeping points flexible. Price the redemption first, then move the points.
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