Transferable points are points held by a bank or card issuer that can be converted into the currencies of several airline and hotel programmes.
Transferable points are points held by a bank or card issuer that can be converted into the currencies of several airline and hotel programmes.
Also called: Bank points, Flexible points.
How it works#
Transferable points have several exits; an airline mile has exactly one. That difference is where the value sits: deciding which programme the points enter only at the moment of booking gives partial cover against any single programme devaluing. The price is a lower earning rate on some cards and the rule that a transfer, once made, is almost never reversible.
Not to be confused with#
Transferable points are not the same as miles in a frequent flyer account: miles already sit with the airline and can no longer be moved into another currency.
In German#
The German term is Transferierbare Punkte. German version of this term
Related terms#
- Transfer partner: A transfer partner is an airline or hotel programme that a bank or card programme can convert its points into.
- 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.
- Mile: A mile is the currency unit of a frequent flyer programme: a credit in an airline account that can be exchanged for flights and other awards.
Articles that use this term#
TopicEvery article and term onPoints and miles.