Currently Cathay Pacific is offering a 10% bonus when you convert credit card points into Asia Miles. This promotion is valid for transfers made between January 1 and January 31, 2020, and there are a few things to be aware of:
- Registration is required
- Bonus miles will post within 8-10 weeks of the end of the promotion (goodness that’s a long time)
- There’s no limit to how many bonus miles you can earn with this promotion
Often we see transfer bonuses being offered directly by credit card rewards programs, but in this case the bonus is being offered directly by Asia Miles. That’s why you won’t see this promotion when you go to the credit card rewards pages to transfer points. You’ll receive points at the standard rate, and then will receive the 10% bonus at a later point.
As a reminder, Cathay Pacific Asia Miles is transfer partners with Amex Membership Rewards, Citi ThankYou, and Capital One. Note that while Capital One is a transfer partner, it’s not explicitly stated in the terms that those transfers would be eligible for the 10% bonus. I suspect they will be, but it’s not confirmed.
All things considered Asia Miles isn’t one of my favorite frequent flyer programs, though I would note that one major benefit is that the program has access to the most Cathay Pacific first class award availability. So if you want to fly Cathay Pacific first class, then Asia Miles is the currency you want.
For context, here’s the award chart for travel on Cathay Pacific:
This promotion is better than nothing, though it’s of fairly limited use. Generally I recommend transfer bonuses if you have an immediate use in mind for the points, but with the bonus points only posting 8-10 weeks later, that’s of limited use.
Still, it’s better than nothing if you happen to need the miles. Maybe we’ll see a bonus to Asia Miles on the credit card side in the coming weeks, in which case this could be more lucrative.
(Tip of the hat to Mainly Miles)