The current transfer bonuses for May 2026 include seven active promotions across Rove, Bilt, Chase, Citi, Capital One, and Amex.
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.
Below is everything live right now, plus a quick verdict on whether each one is actually worth using.
Current Transfer Bonuses Ending Soon
Which Ones Are Actually Worth It
Rove Miles to Air Canada Aeroplan (25% Bonus)
Rove just launched Aeroplan as its 18th transfer partner, and they’re sweetening the debut with a 25% bonus through June 6 at 11:59 PM EST. Every 1,000 Rove Miles becomes 1,250 Aeroplan points.
Verdict: take it if you have a redemption in mind. Rove Miles are worth roughly 1.5 to 2.2 cents each on direct hotel bookings through the Rove platform, so transferring isn’t a default move. But Aeroplan is one of the few programs where the math flips fast. Business class to Europe starts at 60,000 Aeroplan points one-way, which means 48,000 Rove Miles after the bonus for a seat that often sells for $3,000 or more. Add a stopover for just 5,000 extra points. Lap infants on awards for 2,500 points. The redemption ceiling here is high enough that the transfer math works in ways the Chase to Marriott deal doesn’t.
Chase Ultimate Rewards to Marriott Bonvoy (65% Bonus, then 55%)
Chase is running a tiered promo this month. Through May 15, you’ll get a 65% Early Bird bonus — 1,000 Chase points becomes 1,650 Marriott points. From May 16 through June 30, the bonus drops to 55%, which still beats the 50% bonus Chase ran in February.
Verdict: skip unless you’re closing a specific gap. Chase points are worth roughly 2 cents each in flexible value. Marriott points trade at about 0.7 cents. Even with a 65% boost, you’re converting 2-cent points into 1.16-cent points. That math only works if you’ve found a Marriott property where the cash rate is so high that the points redemption breaks even. Top off an account for a fifth-night-free booking, sure. Bulk transfer? No.
Citi ThankYou to Leaders Club (25% Bonus)
Citi to Leading Hotels of the World’s Leaders Club program at a 1,000:250 ratio through May 16. Leaders Club covers 400+ independent luxury properties globally, and redemptions can start as low as 4,000 points per night at certain hotels.
Verdict: niche but useful for the right person. If you’re already eyeing a luxury independent hotel — think Belmond, small European boutiques, or off-the-beaten-path resorts that don’t fit Marriott or Hyatt — Leaders Club can pull off some unusually good redemptions. For everyone else, this isn’t the bonus that’s going to change your travel plans.
Chase Ultimate Rewards to Flying Blue (20% Bonus)
Chase to Air France-KLM Flying Blue at a 1:1.2 ratio through May 27. Flying Blue is one of the better SkyTeam programs for transatlantic redemptions, especially with their Promo Rewards that drop pricing by 25-50% on rotating routes each month.
Verdict: worth it if Flying Blue’s May Promo Rewards align with your dates. Flying Blue posts a fresh batch of promo routes on the first of each month with steep discounts. Cross-reference those routes against this transfer bonus and you can sometimes book business class to Europe for under 40,000 Chase points one-way. That’s where the value lives.
Capital One to Qantas (20% Bonus)
Capital One miles to Qantas Frequent Flyer at a 1:1.2 ratio through May 31. Qantas isn’t most people’s first thought for redemptions, but the program has a few sneaky uses.
Verdict: only for specific sweet spots. Qantas’s distance-based award chart can produce some of the cheapest short-haul American Airlines redemptions in the entire points world — domestic flights under 600 miles cost just 8,000 Qantas points each way (about 6,700 Capital One miles with this bonus). It’s also one of the better programs for booking Emirates flights without paying Skywards’ inflated rates. Outside those use cases, Qantas’s pricing is unremarkable and the carrier-imposed surcharges add up fast.
Amex Membership Rewards to Hilton Honors (20% Bonus)
Amex to Hilton at a 1:2.4 ratio through May 31, up from the standard 1:2.
Verdict: pass for almost everyone. Hilton points are valued around 0.5 cents each. Amex points are worth roughly 2 cents. Even at 1:2.4, you’re converting 2-cent points into 1.2-cent points and locking yourself into a single hotel chain. The only scenario where this works is if you’ve found a Hilton aspirational property (Maldives, Bora Bora, Tahiti) with a sky-high cash rate, and you’re topping off an existing balance to lock it in.
Should You Transfer Speculatively?
Almost never. Programs devalue without warning — Avianca LifeMiles devalued for the third time in just over a year in April. Virgin Atlantic has changed pricing on ANA awards overnight. Once your points are in an airline or hotel program, they’re stuck there.
The right approach is to find an award seat or hotel night you actually want, confirm availability, then transfer. Transfer bonuses make a confirmed redemption cheaper. They don’t turn unused points into a magical investment.
How Often Do Transfer Bonuses Come Around?
Most major issuers run two to four transfer bonuses per year per partner. Chase to Marriott alone has run six bonuses in the last 18 months ranging from 40% to 75%. Amex runs Hilton bonuses every few months. Capital One to Qantas has now run twice. Bilt’s monthly Rent Day promo is the only reliable recurring bonus on the calendar.
Bookmark this page. The current transfer bonuses update at the start of every month and sometimes mid-month when banks launch surprise promos. If you’re sitting on a points balance and a trip you’ve been putting off, this is the kind of post that pays off when you check it before booking instead of after.
Cloud9Club Frequent Flyers and First Class members can always access a live list of current bonuses here.
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