Breaking Points: Credit Card News

Capital One Miles is offering a 20% transfer bonus to Qantas Frequent Flyer. The standard transfer ratio is 1:1, so with the bonus, you’ll receive 1,200 Qantas Frequent Flyer points for every 1,000 Capital One miles transferred. Offer expires May 31, 2026.

Chase Ultimate Rewards is offering a 20% transfer bonus to Air France–KLM Flying Blue. The standard transfer ratio is 1:1, so with the bonus, you’ll receive 1,200 Flying Blue miles for every 1,000 Chase Ultimate Rewards points transferred. Offer expires May 27, 2026.

The 65% transfer bonus has ended, but you can still transfer points at a 55% bonus rate until June 30, 2026.

Chase Ultimate Rewards previously offered a 65% transfer bonus to Marriott Bonvoy, allowing you to receive 1,650 Marriott points for every 1,000 Chase points transferred. This offer was available until May 15, 2026. After that date, the transfer will provide a 55% bonus, resulting in 1,550 Marriott points for every 1,000 Chase points transferred. However, we generally do not recommend transferring Ultimate Rewards points to Marriott, even with this elevated bonus, as Chase has several more valuable transfer partners.

American Express has added several new benefits to the Gold Card. Cardmembers will now earn 5x points on prepaid hotels booked through Amex Travel, gain Hertz Five Star status, and see new dining credit options with Buffalo Wild Wings and Wonder added immediately. Goldbelly and Wine.com will be removed from the dining credit starting July 1, 2026.

To celebrate its 60th anniversary, Amex is also offering limited-time perks, including up to $96 in statement credits for an Uber One membership (through October 30) and a complimentary third night or 25% off select Hotel Collection stays through July 15. The annual fee remains unchanged.

While we’d prefer to see this offer on the Blue Business Plus, Amex is targeting some users with a no lifetime language (NLL) offer of $750 on the Blue Business Cash. You’ll need to spend $6,000 in 4 months to earn it. While that’s a strong bonus for a card that won’t count toward your 5/24 status, we’d still only recommend it in very narrow situations. To check if you’re targeted, sign in to your Amex account and visit this link, then click “Apply Now.” If you don’t see the elevated offer, you’re not targeted.