Chase Ultimate Rewards has just launched a new transfer bonus to Air France-KLM Flying Blue, and it has the potential to be a good deal.
In this post:
Chase offering 25% Flying Blue transfer bonus
Through Saturday, May 31, 2025, you can receive a 25% bonus when you transfer Chase Ultimate Rewards points to Air France-KLM Flying Blue.
Points ordinarily transfer at a 1,000:1,000 ratio, so with this offer, points transfer at a 1,000:1,250 ratio. You can take advantage of this an unlimited number of times. Transfers from Chase Ultimate Rewards to Flying Blue are typically instant. There are several great cards earning Chase Ultimate Rewards points, and it’s easy to combine points between the cards.
For context, we typically see a transfer bonus from Chase to Flying Blue twice per year, and so far the bonuses have been in the range of 20% to 25%. So this is in line with the typical offers we see between the two programs, and is even on the high side.
Should you transfer Chase points to Flying Blue?
Air France-KLM Flying Blue is a valuable SkyTeam frequent flyer program. The program has attractive award pricing on Air France and KLM, offering many of the best ways to cross the Atlantic (though business class award availability has been more limited, in recent times)..
On top of that, Air France and KLM make more award seats available to members of the Flying Blue program than to members of partner programs. So even when Flying Blue’s pricing isn’t the best, there are situations where it could make sense to book through Flying Blue (though with all of the Delta SkyMiles devaluations we’ve seen, typically you will find the best pricing through Flying Blue).
There’s always value in having a stash of Flying Blue miles if you think you’ll be traveling transatlantic in the coming months. I redeem through Flying Blue every year (usually multiple times per year), and consistently get value. I find it to be one of the most useful frequent flyer programs for redeeming points.
The only other consideration here is that all major transferable points currencies partner with Air France-KLM Flying Blue, and we see transfer bonuses with some frequency. So I’d be strategic with which program you transfer points from, especially based on how you’d otherwise redeem them.
Bottom line
Through May 31, 2025, you can receive a 25% bonus when you transfer Chase Ultimate Rewards points to Air France-KLM Flying Blue.
I’m always conflicted when it comes to transferring points during transfer bonuses. On the one hand, a lot of the value from transferable points comes from the flexibility you have of being able to transfer them to any program once you actually have a specific redemption in mind. That’s the best way to protect yourself from devaluations.
At the same time, you’re going to get the most value if you can transfer points while there’s also a bonus, since your points can be stretched a lot further.
While I’ve speculatively taken advantage of Flying Blue transfer bonuses in the past from Amex and Citi, I don’t think I’ll do this with Chase, since I value Ultimate Rewards points for transfers to World of Hyatt.
Do you plan on transferring Chase points to Flying Blue with a 25% bonus?
Hi Ben,
If I have immediate use for redeeming 123,000 Flying Blue points on SAS business class, would you recommend transferring from Chase taking into account if this 25% transfer bonus? Or would you rather transfer from Amex at 1:1 ratio? I am a bit conflicted as typically I stash my Chase UR points for transferring into Hyatt.
Need to keep Chase points for United as nothing else transfers to United