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2 New Transfer Bonuses Available and Why I Do Not Recommend Transferring

Bethany Walsh
Bethany Walsh

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2 New Mediocre Transfer Bonuses Available

2 New Mediocre Transfer Bonuses Available

This week there are a few new transfer bonuses from Cathay Pacific and Virgin Australia Velocity. You can eanr additional Asia Miles and Velocity points by transferring in points from various hotel and flexible points programs. Let’s take a look.

Cathay Pacific

Right now, you can transfer your hotel points to Cathay Pacific and you will earn a 50% bonus on the normal transfer rate of TERRIBLE. Of course, SPG and Marriott, the only program that could potentially make any sense to transfer miles with the bonus is excluded from the promotion. Here’s the official promo page.

Details

  • To be eligible you must not have made a transfer from May 2017 until now.
  • Eligible Members who successfully convert their hotel points from the 12 participating hotel loyalty programs into Asia Miles during the above mentioned Promotion Period will be entitled to 50% bonus miles.
  • They will not be earned on those earned from hotel stays. Members who convert points from Marriott Rewards or Starwood Preferred Guest

Virgin Australia

2 New Mediocre Transfer Bonuses Available

Great news! Virgin Australia Velocity is offering a tiered bonus of up to 40% on transfers. All you have to do is transfer in 750,000 points to get the top bonus amount. Can you see me rolling my eyes? Additionally, for those of us based in the US, this bonus is of limited utility since many of the partners are not US programs. Nick at Frequent Miler pointed out that SPG could make sense with their additional 20% bonus, as you could get 30,000 Points for transferring 20k miles with the usual 5k bonus for SPG transfers. I would definitely only do this with a specific redemption in mind.

2 New Mediocre Transfer Bonuses Available

Conclusion

These transfers don’t make a whole lot of sense unless you’re stuck with some points you’ll never use or you’re looking to top off balances for a specific award ticket.

HT: Loyalty Lobby

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Bethany Walsh
Bethany Walshhttp://Bougiemiles.com
Founder of BougieMiles.com, Bethany is a points, miles and loyalty program strategist who enjoys luxury travel and lives for a deal. When Bethany is not following her Miles to Memories family around the world to various meet-ups you can find her on a beach, in a casino or on a mileage run.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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