Transferring Points From One Credit Card To Another

Transferring Points From One Credit Card To Another

December 5, 2016         Written By Jason Steele

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Have you ever wondered if you could transfer your rewards from one credit card to another? If you could, then you could combine your credit card rewards together, or give the points to someone else as a gift. There are ways to transfer points from one credit card to another, but it might not always be a good idea, or even necessary.

Do you need to transfer points?

Top Features :No annual fee; $150 statement credit after spending $1,200 in first 90 days; 0% on Purchases for 12 months

When you use a rewards credit card, you can earn points, miles or cash back that can be redeemed for several valuable awards. And while you might want to transfer your points or miles to someone else, it isn’t always necessary. For example, many card issuers will allow you to redeem your cash back rewards as a check that you could endorse to someone else, or as a direct deposit that you can make in someone else’s account. Furthermore, most credit card points can be redeemed for gift cards and merchandise that you can have sent as a gift directly to someone else.

When your credit card points or miles can be redeemed directly for travel reservations, you can make those tickets in someone else’s name rather than transferring points from one credit card account to another.  And when miles are redeemed for travel statement credits, you can also simply purchase a ticket for someone else, and redeem your miles just as you would any other reservation.

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For example, the Barclaycard Arrival Plus® World Elite Mastercard® offers double miles on all purchases, and miles are worth one cent toward any travel reservations including flights, hotels, and car rentals. When you make travel reservations with your card, you can use your miles to pay for the charges, regardless of who the reservation is for. And every time you redeem your points with this card, you receive a 5% bonus on your points redeemed.

Transferring frequent flyer miles

Reward credit cards that offer frequent flyer miles have always been tremendously popular. And when there are several people in the household who have collected miles, they might want to try to transfer those miles in order to consolidate them. The airlines will allow you to do this, but will charge fees so large that it is not a good idea.

Instead of transferring your awards, you can simply redeem your frequent flyer miles for an award ticket in anyone’s name. The rules of each program forbid you from selling or bartering awards, but you can gift awards. And rather than paying to consolidate the awards in one account, you can try redeeming miles from each account for part of an itinerary. For example, you could use the miles from four different accounts to book a vacation for two people, using miles from each account for a single, one-way ticket. After booking the tickets, just go into each reservation and request assigned seats next to each other, and it will work seamlessly.

Top Features :No annual fee; $150 statement credit after spending $1,200 in first 90 days; 0% on Purchases for 12 months

Transferring Citi ThankYou® points

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One of the few credit cards that allow you to transfer points at no charge are the Citi ThankYou cards such as the Citi Premier℠ Card. You can transfer your ThankYou points to anyone, at any time, and in any amount. You can do this to give your points to someone else as a gift, or consolidate your points between family members.

You can also do this to increase the value of your points in some ways. For example, if you have the Citi ThankYou Preferred card, your points are worth about one cent each toward gift cards, merchandise, or travel reservations. But if your spouse has the Citi Premier℠ card, then points are worth 1.25 cents each toward airfare purchases made through the Citi ThankYou Rewards Travel Center. Citi Premier℠ cardholders can also transfer their points to miles with three different airlines plus the Hilton HHonors program. And if you transfer points to someone who has a Citi Prestige card, that person can redeem them for airfare at a rate of 1.33 cents per point.

Transferring American Express points

In the past, you were able to transfer American Express Membership Rewards points between spouses, but that is no longer an option. If you have multiple American Express cards that earn Membership Rewards points, there is no need to transfer points between accounts. So long as you have a single American Express credit card account open and in good standing that is part of the Membership Rewards program, then you will retain your points even if you should close one of your accounts.

By understanding how and when you can transfer your points, you can decide the best way to use the rewards you worked so hard to earn.

Top Features :No annual fee; $150 statement credit after spending $1,200 in first 90 days; 0% on Purchases for 12 months

The information contained within this article was accurate as of December 5, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Jason Steele

Jason Steele is a journalist that covers credit cards, travel and consumer credit. As one of the nation's leading experts in credit cards, Jason has contributed to dozens of travel and personal finance outlets including NerdWallet, Credit Karma and the Points Guy, where he serves as the Senior Points and Miles Contributor. Jason has also been widely quoted in mainstream media in outlets such as the Washington Post, the USA Today and Bloomberg Business Week. Jason is also the founder and producer of CardCon, which is the annual Conference for Credit and Credit Card Media.
View all posts by Jason Steele