The current transfer bonuses for July 2026 include six active promotions across Chase, Amex, Capital One, Citi, and Rove, and four of them expire within the next eight days.
Transfer bonuses are how you turn a good redemption into a great one, but only when you have a specific booking in mind. Speculative transfers almost always backfire when programs devalue overnight or when you realize the math never worked in the first place.
This month’s headline number is the biggest one Chase has ever offered to IHG, and it is also the one you are most likely to regret. Below is everything live right now, plus a verdict on whether each one is actually worth using.
Current Transfer Bonuses Ending Soon
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Always confirm the bonus rate and end date in the issuer’s transfer portal before moving points. Transfers are final and cannot be reversed.
Which Ones Are Actually Worth It
I have ordered these by how fast they disappear, not by how good they are. The best deal on the list has the longest runway, which is unusual and worth noting.
Chase Ultimate Rewards To IHG One Rewards (100% Through July 30, Then 70%)
Chase is running a two-tier promo, and the tiers matter more than usual here. The 100% Early Bird bonus runs through 11:59 PM ET on July 30, turning 1,000 Chase points into 2,000 IHG points. From July 31 through August 31, the bonus drops to 70%, or 1,700 IHG points per 1,000 Chase points. This is the largest bonus Chase has ever run to IHG.
Verdict: skip unless you have a specific booking that clears a high bar. Chase points are worth roughly 2 cents each in flexible value. IHG points trade around 0.5 cents. Even at 1:2, you are converting $20 of flexible currency into $10 of hotel points locked to one chain. The comparison that kills it is simpler than the valuation argument: IHG runs points sales that put its own points in the 0.5 to 0.6 cent range several times a year, so you can often just buy what you need with cash instead of burning transferable points.
There is one scenario where the math flips. If you hold an IHG co-branded card, you get a fourth night free on award stays. A four-night booking at a 22,000-point property runs 66,000 IHG points after the free night, which is 33,000 Chase points at the 100% rate. That works out to 8,250 Chase points per night, or about $165 of Chase value. If the cash rate on that room is meaningfully above $165 a night, you win. If it is not, you just lit money on fire in a very organized way.
Run the numbers on the exact property before you transfer, not after. And if you are going to do it, do it before July 30, because the 70% tier makes the same booking cost 38,824 Chase points instead of 33,000.
Capital One To EVA Air Infinity MileageLands (30% Bonus, Ends July 31)
This one is widely misreported, so read the ratio carefully. Capital One transfers to EVA at a standard 1,000:750, meaning you normally lose a quarter of your miles on the way in. With this bonus the ratio becomes 1,000:975, which brings it near parity rather than making it 1:1.3.
Verdict: worth it if EVA is genuinely your booking. EVA business class between the US and Asia runs roughly 75,000 to 80,000 miles each way. At 80,000 EVA miles, this bonus costs you about 82,100 Capital One miles versus roughly 106,700 at the standard ratio. That is a swing of nearly 25,000 miles on a single one-way, which is real money on a product that consistently ranks among the better business class hard products flying transpacific.
The caveat that keeps this from being a slam dunk: Citi Strata Elite cardmembers transfer to EVA at 1:1 all the time, no promo required. If you hold that card, this bonus is irrelevant to you and you should be transferring from Citi instead. Also note EVA miles expire after 36 months and the extension option is limited, so this is not a currency to stockpile.
Amex Membership Rewards To Virgin Atlantic Flying Club (30% Bonus, Ends July 31)
Amex to Virgin Atlantic at 1:1.3 through July 31. A 30% bonus is above the historical average for this pairing but below the 40% Amex has run to Virgin in the past, so this is good rather than exceptional.
Verdict: take it only with a confirmed award and a surcharge check first. Virgin’s value has always lived in its partners rather than its own metal. ANA awards, Delta One space, and Air France and KLM redemptions are where the program earns its reputation, while Virgin’s own transatlantic flights carry carrier-imposed surcharges that can run several hundred dollars per person in a premium cabin. That is the number that decides whether this bonus is a deal or a trap, and it varies wildly by route.
One underrated angle: Flying Club points move into Virgin Red for hotel, lifestyle, and cruise redemptions, which makes this effectively a 30% bonus to Virgin Red as well. If you have been eyeing something on that side, this is your window.
Search the award before you move anything. If you do not have a Virgin Atlantic or partner seat already located and priced, this bonus is not for you.
Rove Miles To Frontier Miles (25% Bonus, Ends July 31)
Rove added Frontier as its 19th transfer partner on July 1 and launched with a 25% bonus running through 11:59 PM EDT on July 31. Every 1,000 Rove Miles becomes 1,250 Frontier miles.
Verdict: pass. This is the clearest skip on the list and the math is not close. Rove Miles are valued around 1.5 cents each based on what they deliver on direct hotel bookings through the Rove platform. Frontier miles land closer to 1.1 cents, and that is being generous given how hard the program is to redeem at above-average value. Even with the 25% boost you are turning 1.5 cents into roughly 1.4 cents, and you are trading a flexible currency for one airline with a thin route network and aggressive award pricing.
If you want a Frontier flight, buy the ticket or book it through Rove and keep your miles flexible. There is no version of this where the transfer is the smart move.
Rove Miles To Qantas Frequent Flyer (50% Bonus, Ends August 14)
Rove added Qantas as its 20th transfer partner on July 15 and launched with the most aggressive bonus of the month. Every 1,000 Rove Miles becomes 1,500 Qantas Points through August 14, 2026 at 11:59 p.m., with a 2,000-mile minimum transfer.
Verdict: the best bonus on this list. For context on how unusual 50% is, the best transfer bonuses previously seen to Qantas from other transferable currencies were a 33% bonus from Capital One in 2019 and a targeted 30% from Amex the same year, with everything else landing at 20% or 25%.
Two things to know before you move. Qantas has devalued its award pricing more than once in recent years, and its longer-haul premium cabin awards carry meaningful carrier-imposed fees. And if you want Emirates first class through Qantas, availability is limited and you need Qantas Silver status to be eligible. If you are new to Rove, our link gets you started with a signup bonus and code CLOUD9.
Citi ThankYou To Air France-KLM Flying Blue (20% Bonus, Ends August 22)
Citi to Flying Blue at 1:1.2 through August 22, 2026. This is the longest runway on the list and the lowest urgency, which is convenient because Flying Blue rewards patience.
Verdict: worth it if you time it against Promo Rewards. Flying Blue posts a fresh batch of discounted routes on the first of every month, cutting award pricing by 25 to 50% on rotating city pairs. Stack a Promo Reward against this transfer bonus and transatlantic business class can land in a range that no other SkyTeam program touches. Because the bonus runs through August 22, you get a look at the August Promo Rewards list on August 1 with three full weeks left to act. That is the play.
The risk with Flying Blue is dynamic pricing. Award costs climb as seats sell, and taxes and surcharges on Air France and KLM metal are not trivial. Confirm the exact price on the exact date before transferring, because the number you saw last week may not be the number you get today.
What Just Expired This Month
If you arrived here looking for a bonus you read about a few weeks ago, it is probably on this list. July had heavy turnover in the first half of the month.
Chase ran a 30% bonus to Virgin Atlantic that ended July 14, which is why the Amex version above is now the only route to Flying Club at an elevated rate. Amex’s 20% bonus to Hilton Honors also closed July 14. Amex’s 15% bonus to Avianca LifeMiles ended July 15 and was never visible in the Amex portal because it lived on the LifeMiles side. Citi’s 50% bonus to Accor Live Limitless, one of the stronger offers of the month, ended July 18. And Bilt’s July Rent Day promo came and went on July 1, as it always does.
Should You Transfer Speculatively?
Almost never, and the IHG bonus this month is a good illustration of why the size of the number tells you nothing about the quality of the deal. A 100% bonus into a currency worth a quarter of what you are giving up is still a bad trade. A 50% bonus into a program with genuine sweet spots and exclusive award space is a good one. The percentage is the least useful piece of information in the offer.
Programs also devalue without warning. Once your points sit in an airline or hotel program, they are stuck there, and no amount of bonus percentage protects you from a repricing three weeks later.
The right sequence is the same every time. Find the award seat or hotel night you actually want. Confirm it is bookable at the price you expect using Seats.aero. Transfer only what that booking requires. Then book immediately, because award space disappears faster than transfer bonuses do.
How Often Do Transfer Bonuses Come Around?
Most major issuers run two to four bonuses per year per partner. Amex and Chase run them roughly twice as often as Capital One and Citi, which is worth knowing if you are deciding where to concentrate spend. Flying Blue and Virgin Atlantic get bonused more frequently than any other partners, and 20 to 30% is the standard range, which makes anything above 30% genuinely above average.
Chase to IHG is a useful case study. It ran a 70% bonus ending January 15, another 70% ending April 30, and now this 100% and 70% pair through August. If you miss one, another is coming. That is precisely why speculative transfers make so little sense.
Bookmark this page. The current transfer bonuses update at the start of every month and sometimes mid-month when banks launch surprise promos, and July had three separate mid-month launches. If you are sitting on a points balance and a trip you have been putting off, check here before you book rather than after.
Best Offers
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Chase Sapphire Preferred® Card
Welcome Offer 75,000 bonus points
- Transferable points
- $100 hotel credit
Annual fee $95 Learn More -
Atmos™ Rewards Ascent Visa Signature® Credit Card
Limited-time online offer – 50,000 bonus points plus a $99 Companion Fare
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Capital One Venture Rewards Credit Card
Welcome Offer Earn 75,000 miles
- 2x on everything
- 15+ transfer partners
Annual fee $95 Learn More -
Chase Sapphire Reserve®
Welcome Offer 100,000 bonus points
- Lounge access
- $300 travel credit
Annual fee $795 Learn More
Welcome offers are subject to change. Valid as of October 1, 2026. Terms apply. See footer for advertiser disclosure.
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