---
title: "What is Transfer ratio? | Benefit Systems"
description: "The transfer ratio is the rate at which one programme's points convert into another currency, such as one to one or three to one."
source: "aus dem gebauten HTML abgeleitet"
---
# What is Transfer ratio?

The transfer ratio is the rate at which one programme’s points convert into another currency, such as one to one or three to one.

Also called: Conversion ratio.

## How it works #

The transfer ratio decides whether a point still holds its value after conversion. A one-to-one rate preserves it; any worse rate destroys value in proportion. Programmes with a poor ratio look generous on a statement because the balance number is large, and turn out not to be at redemption. The ratio therefore belongs in the maths before the transfer, not after it.

## Not to be confused with #

The transfer ratio is not the same as a card’s earning rate: the earning rate says how many points a purchase generates, the transfer ratio how many of them survive the move.

## In German #

The German term is Transferverhältnis. [German version of this term](/de/glossar/transferverhaeltnis)

## Related terms #

- [Transfer partner](/en/glossary/transfer-partner): A transfer partner is an airline or hotel programme that a bank or card programme can convert its points into.
- [Transfer bonus](/en/glossary/transfer-bonus): A transfer bonus is a temporary uplift on the transfer ratio: the same number of points briefly arrives as more miles in the destination programme.
- [Cents per point](/en/glossary/cents-per-point): Cents per point is the measure of a redemption’s value: the cash price avoided, minus any co-payment, divided by the number of points spent.

## Articles that use this term #

- [How does transferring points to an airline work?](/en/knowledge/points-transfer)
- [When is a transfer bonus worth taking?](/en/knowledge/transfer-bonus)
- [What is the difference between points and miles?](/en/knowledge/points-vs-miles)
- [What happens to my points during a devaluation?](/en/knowledge/devaluations)
- [Why transferable bank points beat airline miles](/en/knowledge/transferable-points)
- [What happens to your miles if the airline fails?](/en/knowledge/miles-if-airline-fails)