Transfer Bonus Tracker

Avios (British Airways, Iberia, Aer Lingus)

Still the best offer on the board, with three weeks left. 1:1.3 makes short-haul AA and Alaska hops absurdly cheap, and Iberia off-peak to Madrid is the sweet spot. Transfer to the specific Avios program holding the award you already found, not just to BA by default, though Avios do move freely between BA, Iberia, and Aer Lingus afterward

JAL Mileage Bank

New this month. Capital One transfers to JAL at a poor 2:1.5 base, so the bonus mostly repairs the ratio: 1,000 Capital One miles land as 975 JAL miles, near 1:1. JAL business to Tokyo and Oneworld partner awards are genuinely strong, but JAL awards must be booked on the JAL side and its search is slow. Find the seat first

Air Canada Aeroplan

Base 20% for everyone; Chase Aeroplan cardholders stack another 10% on transfers of 50k+ in a single move, capped at 25k bonus points per year. Aeroplan Star Alliance pricing and its stopover rules make this one of the deepest partners Chase has, and three weeks remain

Hilton Honors

New this month and the longest runway on the board, but this is the classic big-number trap. 1:2 becomes 1:2.6, and Hilton points run roughly 0.5 cpp against Amex points worth closer to 2 cpp. You are down on the trade unless you are covering a specific expensive Hilton night you already priced in cash. Also note 30% is well under the 50% Amex has targeted before

Leading Hotels of the World (Leaders Club)

Expires soonest of anything active. Base rate is 1,000 ThankYou points to 250 Leaders Club points, so the bonus rides on top of an already steep 4:1 ratio. Only makes sense if you are a Leaders Club member with a specific LHW property in mind. Everyone else should ignore this one

Copa Airlines ConnectMiles

Biggest headline percentage active, and almost nobody can use it. Rove is a small startup currency, not a major bank program, so this only matters if you already hold a Rove balance. ConnectMiles is Star Alliance and prices some Latin America routes well, but the earn side is the bottleneck