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Chase is at it again, announcing yet another lucrative transfer bonus for Ultimate Rewards points. This time, Ultimate Rewards point collectors will get a 30% transfer bonus when transferring points to British Airways Executive Club, Iberia Plus, or Aer Lingus AerClub Avios. But hurry, this bonus only lasts through December 9, 2020.
30% Avios Transfer Bonus Key Terms
- Transfer Chase Ultimate Rewards to British Airways, Iberia, or Aer Lingus and receive 30% bonus Avios.
- This bonus is available on points transfers through 11:59PM ET on December 9, 2020.
- Transfers between Chase Ultimate Rewards and British Airways, Iberia, and Aer Lingus Avios are typically instant.
- Must transfer points in increments of 1,000 with a minimum transfer of 1,000 points.
It appears that the bonus is not hardcoded on Chase's end of the transfer. That means that although you'll see the bonus clearly listed as you're preparing the conversion (like the screenshot below), Chase doesn't process the bonus itself. Instead, the target loyalty program (British, Iberia, or Aer Lingus) issues the bonus Avios on their end. So, once you've transferred points, you'll see a separate transaction depositing the 30% bonus.
Best Ways to Leverage 30% Bonus Avios
Put plainly, a 30% transfer bonus is significant. Depending on the circumstances, it can save you a considerable amount of points for your travels.
Of your three choices, the two most valuable transfer partners are certainly British Airways and Iberia. Both belong to Oneworld and utilize the Avios currency. However, their respective programs have entirely different sweet spots.
Transfer to British Airways Executive Club
British Airways utilizes a distance-based award chart that (unfortunately) prices each segment individually. Moreover, the airline is famous for levying sky-high carrier-imposed surcharges for redemptions on British Airways metal to/from/via London. That means that long-haul, multi-segment itineraries aren't worth pursuing. They cost far too many points and out-of-pocket cash for the value.
Consequently, the ‘sweet spot' for British Airways' Executive Club program tends to be with short-haul, one-segment itineraries—particularly on partner aircraft.
We've written before about how valuable British Airways Avios can be for booking short award flights on AA. But more specifically, one of my favorite ways to redeem Avios is for flights between the West Coast of the U.S. and Hawaii.
The standard award rate from Los Angeles (LAX) to Honolulu (HNL) is 13,000 Avios each way — or 26,000 Avios round trip. However, with a 30% transfer bonus, this round trip itinerary to Hawaii could be yours for as few as 10,000 Ultimate Rewards points each way!
Transfer to Iberia Plus
Contrary to British Airways, Iberia Plus utilizes a distance-based award chart based on the total distance traveled. Plus, Iberia charges far more reasonable surcharges on award redemptions comparatively.
This means that with Iberia, the best redemption is often found when booking short/medium-haul itineraries with partners or on Iberia itself, including those that require multiple segments.
Perhaps one of Iberia's greatest sweet spots is with off-peak awards in Iberia business class. This is particularly lucrative for awards from the Midwest/East Coast of the U.S. to Iberia's hub in Madrid.
An off-peak award in Iberia business class from Chicago (ORD) to Madrid (MAD) costs just 34,000 Avios. However, utilizing Chase's 30% transfer bonus, you could book this eight-hour business class flight for only 27,000 Ultimate Rewards points! That's less expensive than what many programs charge for the same itinerary in economy!
Chase has announced a new, 30% transfer bonus for transfers to Avios through December 9, 2020. Until this year, Chase lagged behind as the major flexibly award currency that historically offered the fewest transfer bonuses. Now, that seems to be changing. It's encouraging to see Chase picking up the pace.
Interestingly, this latest transfer bonus matches the first transfer bonus we saw Chase offer for Ultimate Rewards points in 2019. However, that bonus was limited to British Airways Executive Club. Experienced award travelers probably know that it's possible to transfer Avios between BA, Iberia, and Aer Lingus anyway (provided you meet certain criteria). However, the inclusion of Iberia and Aer Lingus in this promotion means one less step.
A 30% bonus is significant enough to make previously out-of-reach redemptions fall within your budget. If you need to book any upcoming travel, be sure to check the award rates with any of these partners first.
Will you take advantage of Chase's 30% transfer bonus to British Airways, Iberia, and Aer Lingus?
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