A new month, a new set of transfer bonuses. Let’s look at the current transfer bonuses for July 2026 and whether or not you should do it.

The good thing about earning miles and points in a bank’s currency is the flexibility it offers. You’ll generally find it’s preferred to keep miles in the bank until it comes time to redeem. At that point, you can transfer the miles to the best program to book the flight you want. What makes a program the best? It could be the price it charges, the ease of making the transaction, or the refundability if you need to change plans.

On top of that, these programs might also juice up rewards for members by increasing the transfer rate. And it could also change the calculus of which program is the best for the flight you want.

Let’s take a look at all current transfer bonuses in the month of June 2026.

Amex MR: 20% bonus to Hilton

Now through Tuesday, July 14, 2026 you can earn an extra 20% for any American Express Membership Rewards points you transfer over to Hilton Honors points. This transfer bonus is built into the rate automatically, so you’ll see the improved 1:2.4 rate before transferring.

Should you take advantage?

The transfer rate from Membership Rewards to Hilton Honors is normally 1:2. We value Hilton points at a rather low 0.4 cents each. Those numbers mean you normally expect 0.8 cents of value from each American Express Membership Rewards points. This transfer bonus pushes the expectation up to nearly a cent each (0.96 cents).

Can you find opportunities where you get more value than 0.4 cents per Hilton Honors point? Yes, but it requires you to hit the arbitrary points cap on luxury hotels. On top of that, if you have Hilton elite status, you can get the fifth night free on points awards. In other words, you’ll likely need to spend hundreds of thousands of Hilton points before the perceived value increases above this threshold.

If you don’t already have a stash of Hilton points, you’re going to need to transfer a lot of Membership Rewards points (also in the hundreds of thousands range) to take full advantage. That’s a big commitment.

Recall that Hilton Honors points sales regularly happen and you can buy Hilton points during those sales at 0.5 cents each. You might end up thinking it’s better to buy Hilton points to save your Membership Rewards points for a different partner.

Amex MR: 15% bonus to Avianca Lifemiles

Now through Wednesday, July 15, 2026, when you transfer American Express Membership Rewards points to Avianca Lifemiles, you can earn a 15% bonus. This transfer rate is hardcoded into Amex’s system, so you’ll see the 1:1.15 ratio before transferring.

Should you take advantage?

Avianca Lifemiles has a trio of sweet spots to consider:

• Mixed cabin awards that lower the price, strangely
• North America to Europe in business class on some routes
• Asia to Australia in business class

We’ve always viewed Lifemiles as the program that sells miles cheaply. Thus, a standard 1:1 transfer ratio never intrigued us all that much. I mean, why bother when you can get the points as cheaply as 1.3 cents each? A 15% bonus could make more sense, but it’s not enticing enough for us to transfer without a firm plan. Miles expire after 12 months but can be extended with mileage earning activity.

Amex MR & Chase UR: 30% bonus to Virgin Flying Club

Now through Tuesday, July 14, 2026, when you transfer Chase Ultimate Rewards points to Virgin Atlantic, you can earn a 30% bonus. This transfer rate is hardcoded into Chase’s system, so you’ll see the 1:1.3 ratio before transferring.

Alternatively, through Friday, July 31, 2026, when you transfer Amex MR points to Virgin Atlantic, you can earn the same 30% bonus.

Should you take advantage?

Virgin Atlantic has some pretty decent sweet spots, including:

• ANA First Class at an excellent price
• Excellent Air New Zealand business class pricing, if you can find the award space
• Great deals on Virgin Voyages
• Potential safari options with Virgin Red

A 30% bonus isn’t the best rate we’ve seen, but it’s certainly not bad. And Virgin points don’t expire, making it a promising safe harbor if you need to accrue points over time. That being said, they’ve devalued their points several times over the recent years and many don’t like the high fees that come with London travel.

If you have a need to travel on Virgin or its partners, go ahead and take advantage of this deal. We’d probably still hold off for a better deal for those looking to transfer prospectively.

Capital One: 30% bonus to EVA Air Infinity Mileagelands

Now through Friday, July 31, 2026, you can earn an extra 30% for any Capital One miless you transfer over to EVA Air. The transfer bonus is hardcoded into Capital One’s system, so you should see the 1:0.975 ratio before transferring.

Should you take advantage?

EVA Air Infinity Mileagelands (love the name) is somewhat thought of as a niche program. However, the real benefit is if you want to get to Asia flying EVA. These days, EVA Air releases fewer seats as awards to partner programs (aside from consistently dumping inventory at T-7 days). If you want to book something in advance, you’re going to need EVA miles.

Capital One’s transfer rate normally is 2:1.5, which means you lose 25% of your miles with each transferred point. This 30% bonus gets you to near parity, consistent with the rate found on most Citi ThankYou cards.

What are the sweet spots with Infinity Mileagelands?

• EVA business class from 75,000 miles one-way
• EVA intra-Asia premium economy for 20.000 miles one-way
• North America to Europe for 65,000 miles one-way on Star Alliance carriers in business
  • Make it a roundtrip and you can also get two free stopovers on Star Alliance carriers

A 1:1 ratio (or near 1:1 in this case) makes sense. If you have any plans of flying EVA, we highly recommend considering this transfer. However, keep in mind miles expire in 36 months and you can only pay to extend them once.

Citi TY: 50% bonus to Accor Live Limitless ALL

Now through Saturday, July 18, 2026, you can earn an extra 50% for any Citi ThankYou miles you transfer over to the Accor Live Limitless (ALL) program. This transfer rate is hardcoded into Citi’s system, so you’ll see the 1:1.5 ratio before transferring.

Should you take advantage?

Accor’s ALL loyalty program tends not to be quite as talked about. We don’t know if that’s because it’s a foreign program or if it’s because it’s simply overlooked. One possible reason is because the program is truly one that bases award prices on the cash price. Each ALL point is worth €0.02. That’s somewhere in the range of 2.3 US cents each.

Some of the better ALL brands include the Fairmont, Raffles, Sofitel, and Banyan Tree.

Toss a 50% transfer bonus on top and you get incredible value–well over 3 cents each Citi TY point. If there’s one transfer you might think to take speculatively, this is it. We might even do it because this transfer rate is simply too good to pass up.

Rove: 25% bonus to Frontier Miles

Now through Friday, July 31, 2026, you can an extra 25% bonus for Rove miles transferred over to Frontier Miles. This transfer rate is hardcoded into Rove’s system, so you’ll see the 1:1.25 ratio before transferring.

Should you take advantage?

We haven’t talked much about Frontier simply because you’re not going to find aspirational travel with Frontier. You might argue the same for Southwest, but Southwest still has its Companion Pass offering BOGO travel for up to two years. With Frontier, they don’t have anything equivalent. You take Frontier because you care more about the destination than the journey.

That said, there’s a decent chance you have spare miles lying around, especially if you focus on the cheapest price from points A to B. This transfer bonus might help round out your balance on getting an award flight.

But as a speculative transfer, we wouldn’t recommend.

A cautionary note

Before you go off and prospectively transfer your points, I feel the need to provide ample warning of going too hard. I’ve previously written about how you shouldn’t bother with transfer bonuses. The main gist of the post was that prospectively transferring your points without a firm plan to use those points can end up being a waste.

Additionally, do not do a “test transfer” of a small amount before sending over the full amount. If you do this, the second batch of points may enter the “void” and it might take a long time for it to appear in your account. That’s because sending over multiple batches might seem like sketchy behavior to the loyalty program that might look like fraud.

Happy hunting!

Suggested reading:

• Quick Hit: Earning Amex Resy Credits
• How to Emulate Hotel Elite Status
• Keep or Cancel: How to Handle Too Many Credit Cards