Last Updated: February 17, 2026 | Fact Checked by: James W.
Current Point Transfer Bonuses February 2026
Stop! Before you transfer your points, check this list.
Transfer bonuses are the "free money" of the travel world. By waiting for a bonus, you can get 30-50% more miles for the same number of credit card points.
The Headline for February 2026: Chase is aggressive this month with a 40% bonus to Virgin Atlantic. This is one of the highest bonuses we have ever seen for this partner. If you are planning a trip to Japan (via ANA) or Europe (via Delta), this is the time to book.
🚨 Active Transfer Bonuses
| Bank Program | Transfer Partner | Bonus | Expiration Date | Strategy Note |
|---|---|---|---|---|
| Chase (Ultimate Rewards) | Virgin Atlantic | 40% | Feb 28, 2026 | HIGH VALUE. Best for ANA First/Business Class bookings. |
| Chase (Ultimate Rewards) | Marriott Bonvoy | 50% | Feb 28, 2026 | Skip it. Even with the bonus, Hyatt transfers are better. |
| Capital One (Miles) | Japan Airlines (JAL) | 30% | Feb 28, 2026 | Unicorn. Rare bonus. Excellent for JAL First Class. |
💎 Strategy: How to Maximize the 40% Virgin Bonus
The Chase -> Virgin Atlantic bonus is the star of the month. Here is why it matters:
The "Japan" Sweet Spot Virgin Atlantic charges ~45,000 points for a one-way Business Class ticket to Japan on ANA (from the West Coast).
- Normal Price: 45,000 Chase Points.
- With 40% Bonus: You only need to transfer 33,000 Chase Points.
- Result: You are flying Business Class to Japan for fewer points than most people pay for Economy.
The "Delta" Sweet Spot Virgin charges 50,000 points for Delta One to Europe (ex-East Coast).
- Normal Price: 50,000 Chase Points.
- With 40% Bonus: You only need to transfer 36,000 Chase Points.
📉 Recently Expired Bonuses
If you missed these, don't worry. Bonuses usually cycle back every 6-12 months.
| Bank Program | Partner | Bonus | Expired On |
|---|---|---|---|
| Capital One | Avianca LifeMiles | 15% | Feb 12, 2026 |
| Bilt Rewards | Accor Live Limitless | 100% | Feb 1, 2026 |
| Chase | IHG One Rewards | 70% | Jan 15, 2026 |
| Chase | Air Canada Aeroplan | 20% | Jan 05, 2026 |
| Amex | Virgin Atlantic | 30% | Dec 31, 2025 |
| Citi | Avianca LifeMiles | 25% | Oct 18, 2025 |
FAQ: Using Transfer Bonuses
Should I transfer speculatively?
No. Never transfer points just because there is a bonus.
- Transfers are irreversible. You cannot move them back to Chase/Amex.
- Airlines devalue their points constantly.
- Exception: If you fly Virgin Atlantic or Air Canada regularly (2-3 times a year), it might be safe to transfer during a big bonus to stock up.
Why don't I see the bonus in my account?
- Amex/Chase: The bonus usually shows up instantly on the transfer screen.
- Capital One: Sometimes the bonus points post as a separate transaction a few hours later.
- Citi: Citi bonuses are often "targeted." If you don't see it in your portal, you might not be eligible.
See Also
Disclaimer: Bonus offers can change without notice. Always verify the rate in your banking app before transferring.