When should you transfer points?
Transfers unlock the biggest value — but they're usually one-way. Here's how to do it right.
Only transfer with a plan
Transfers from a bank program (like Chase or Amex) to an airline or hotel are almost always one-way and can't be reversed. Never transfer speculatively 'just in case.'
Confirm the award you want is actually available before you move a single point.
Watch for transfer bonuses
Programs regularly run limited-time transfer bonuses (e.g. 20–30% extra points to a partner). If you were going to transfer anyway, a bonus is free extra value.
Look for sweet spots
The best transfer value tends to come from a handful of 'sweet spot' redemptions — specific routes or hotels where the award price is unusually low relative to the cash price. A little research goes a long way.
Takeaway
Transfer only when you've confirmed a specific, high-value redemption — and grab transfer bonuses when they line up.