Looking to travel to Europe? Is an island vacation on your bucket list? Want to finally make that dream trip a reality?
29.11.2024 - 18:43 / thepointsguy.com
One of our favorite ways to redeem transferable credit card points is to transfer them to airline and hotel partner programs.
While you can redeem points through many credit card programs' travel platforms to book flights and hotel stays, you'll only get a fixed redemption value when redeeming your rewards through the travel platform. For example, when you redeem Capital One miles through the Capital One Travel portal, you'll get a value of 1 cent per mile.
If you wanted to book this one-way flight from New York's LaGuardia Airport (LGA) to Fort Lauderdale-Hollywood International Airport (FLL) through the Capital One Travel portal, it would cost you $98 or 9,810 Capital One miles.
While you may be saving yourself an out-of-pocket cost of almost $100, TPG values Capital One miles at 1.85 cents apiece, per our November 2024 valuations. Therefore, instead, consider transferring your rewards to an airline or hotel partner program where you can easily obtain a value of more than 1 cent.
However, there's a very important rule to be aware of before you transfer your credit card rewards.
Related: Ultimate guide to Capital One airline and hotel transfer partners: How to maximize your miles
When initiating a points or miles transfer from a credit card program to an airline or hotel partner, you must agree to the terms and conditions of the transfer. These should specify, as Citi ThankYou Rewards does, that transfer times vary and that transfers cannot be reversed.
Therefore, if you decide to transfer your credit card rewards and the flight or hotel availability changes and/or disappears, you, unfortunately, cannot move your points or miles back to the credit card program you transferred them from. The transfer partner will not reverse the transfer on request, nor will the credit card program, and the points will be "stuck" in that program.
Related: Citi transfer partners: Maximize your ThankYou points with these loyalty programs
To help mitigate some of this transfer "risk," you should always check award availability before initiating any transfers. We also recommend you sign up for airline and hotel loyalty programs well in advance of any transfer and not the day of, as this may reduce the chance of any significant delays. Also, be sure to check that the name on your credit card and the name on your airline or hotel loyalty account are the same.
While we have found that most program transfers are instantaneous, some programs take more than 48 hours for the transaction to be complete. Plus, transfer times can vary from person to person.
Related: Check transfer times before initiating points transfer requests
Credit card rewards programs regularly offer transfer bonuses, and you may be tempted to take
Looking to travel to Europe? Is an island vacation on your bucket list? Want to finally make that dream trip a reality?
Hard Rock International's new loyalty program now has a cobranded credit card.
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Travel Tuesday may be technically over, but there are still a bunch of ongoing deals you can take advantage of. From glamorous resorts to beachfront hotels to tour operators and cruise lines, the Travel Tuesday deals were bigger and better than ever this year, and the savings haven't ended yet. Whether you're interested in scoring 30% off low-cost flights to Iceland via PLAY or want to hop on a cruise by HX (Hurtigruten Expeditions) for close to half off the original price, this is the best time of year to save. Use the links below to jump to a specific section, or scroll through to see all the best Travel Tuesday travel deals that you can still cash in on.
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When SuzAnn Brantner moved to Indiana from Los Angeles during the coronavirus pandemic, she had been a longtime Delta Air Lines frequent flier, achieving the highest loyalty status the airline offered: Diamond Medallion. The benefits included expedited security screenings, priority boarding and top preference for complimentary first-class upgrades.
The world's largest hotel company continues to show luxury travel is just as much about experiences as it is about high thread count and service with a smile.