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Why Transferring Miles is so Valuable
Chase miles are some of the most valuable miles in the industry. Here we will explore the precise timing of all of Chase’s transfer partners to airlines and hotels.
The true value in points and miles is when you transfer your “Big Bank” miles to airline and hotel partners to book your award flights. Your redemption value changes from 1 cent per miles to 4-10 + cents per mile redemption value.
Why The Speed of Credit Card Miles Transfers Matter
Knowing how long credit card transfers take is very important since when an airline shows an award ticket as being available it can be gone in an instant. Therefore, having instant transfers from your credit card program to your airline partner is crucial. For example, Singapore Airlines miles transfers take 1-7 days and are not instant, so if you see a Singapore Airlines 1st class flight available for booking on miles, you cannot receive your miles instantly since it takes 1-7 days meaning you could risk losing the award. This is why we love instant credit card transfer.
Most credit card transfers are instant.
Bottom Line
Knowing the speed of credit card transfers is crucial as the award could be gone if our transfer takes too much time. Most transfers are instant & this will help you secure tickets when you see them available
Image: americanbanker.com
