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 Avios. This bonus starts today (June 1, 2022) and lasts through July 31, 2022.

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Transfer Chase Ultimate Rewards to Iberia Plus via British Airways to book Iberia business class for cheap.

30% Avios Transfer Bonus Key Terms

  • Transfer Chase Ultimate Rewards to British Airways and receive a 30% bonus Avios.
  • This bonus is available on points transfers through 11:59PM ET on July 31, 2022.
  • Transfers between Chase Ultimate Rewards and British Airways 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) issues the bonus Avios on their end. So, once you’ve transferred points, you’ll see a separate transaction depositing the 30% bonus.

Chase transfer bonus Avios

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.

The great aspect about Avios is that you can easily transfer Avios between programs. Of the four Avios programs, the three most valuable partners are certainly British Airways, Iberia, and Qatar. All three 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 the 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.

transfer 10,000 Ultimate Rewards to British Airways Avios to book a flight to 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 (via British Airways)

Like British Airways, Iberia Plus now utilizes a distance-based award chart that prices each segment individually. However, Iberia charges far more reasonable surcharges on award redemptions comparatively. Also, Iberia partners with additional airlines — such as Avianca and LATAM.

With Iberia, the best redemption is often found when booking short/medium-haul itineraries with partners or on Iberia itself.

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.

transfer 27,000 Ultimate Rewards points to Iberia Avios to book business class to Europe

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!

Boost Your Ultimate Rewards Balance

This 30% transfer bonus is only available for 2 months. So, only those with an existing Ultimate Rewards balance are going to be able to take advantage of this Avios transfer bonus. However, if you’re looking to build your Ultimate Rewards balance after utilizing this transfer bonus, the Chase Sapphire Preferred® Card is offering a 80,000-point sign-up bonus:

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card

Annual Fee$95
Welcome BonusEarn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 when you redeem through Chase Ultimate Rewards®.

Meanwhile, small business owners can earn 100,000 bonus Ultimate Rewards points through the current Ink Business Preferred® Credit Card sign-up bonus:

Ink Business Preferred® Credit Card

Annual Fee$95
Welcome OfferEarn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®.

Bottom Line

Chase just announced a new 30% transfer bonus for transfers to British Airways through July 31, 2022. Until last 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.

This 30% transfer bonus matches:

  1. The first transfer bonus we saw Chase offer for Ultimate Rewards points in 2019 (which excluded Aer Lingus).
  2. Another 30% transfer bonus was offered to all three Avios programs through December 6, 2020.
  3. Yet another 30% transfer bonus offered to all three programs through September 26, 2021.

The downside this time around is that the transfer bonus only seems to be available to British Airways. However, you can easily get around this limitation by transferring Avios between programs.

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?

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