Breaking Points: Credit Card News

Amex Membership Rewards is offering a 30% transfer bonus to Virgin Atlantic Flying Club. The standard transfer ratio is 1:1, so with the bonus, you’ll receive 1,300 Virgin Atlantic Flying Club points for every 1,000 Amex Membership Rewards points transferred. Offer expires July 31, 2026.

Amex Membership Rewards is offering a 20% transfer bonus to Hilton Honors. The standard transfer ratio is 1:2, so with the bonus, you’ll receive 2,400 Hilton Honors points for every 1,000 Amex Membership Rewards points transferred. Offer expires July 14, 2026.

World of Hyatt is offering 2,000 bonus points on eligible stays of two or more nights, beginning with your second qualifying stay. The promotion is capped at 8,000 bonus points total. You must register by September 1, 2026, and eligible stays must be completed by March 7, 2027. Both paid and award stays qualify. This isn't one of Hyatt's more lucrative promotions, especially since the bonus doesn't start until your second stay, but it's worth registering if you expect to stay at Hyatt during the promotion period.

American Airlines is running an award sale with flights to Europe starting at 21,000 miles each way. Domestic U.S. flights and routes to Mexico, the Caribbean, and Central America start at 9,000 miles each way. Book by July 7, 2026 for travel from August 1 through September 30, 2026. The sale is only valid on flights marketed and operated by American Airlines or American Eagle.

Qatar Airways has introduced new restrictions on booking award flights for other travelers. Privilege Club members may now only redeem miles for people on their designated "My List," which can include up to four additional Privilege Club members. To create a My List, you must have been a Privilege Club member for at least 30 days and have earned Avios by either flying Qatar Airways or spending on a co-branded credit card. Transferring points from a transferable rewards program does not satisfy that requirement. That means many users who only transfer points into Qatar may now be limited to booking award flights for themselves. Fortunately, Avios can still be transferred between participating Avios programs, providing a potential workaround for those affected by the new rules.