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.
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Chase offering 20% Flying Blue transfer bonus
Between May 1 and May 27, 2026, you can receive a 20% 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 1,000:1,200 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, though is on the slightly lower 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 27, 2026, you can receive a 20% 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. So if you think you’ll have a use for these points in the coming months, I’d seriously consider this.
Do you plan on transferring Chase points to Flying Blue with a 20% bonus?
They really hiked fees on business class awards in March, which really diminishes a lot of the value. I can pay 60,000 aeroplan points (even post june devaluation) + $100 or 60,000 flying blue points + $500.
My points expires at the end of the month. I know starting May 4th they will have single expiring date for all the miles.
Does anybody know if I transfer some miles after 4th, will the older miles expire date get pushed back by another two years.
Lots of good transfer bonuses from Chase lately. I do wonder if they are just encouraging all of us to transfer out all the points that still earn 1.5cpp (those go first). Not a big deal if getting more than 1.5cpp post-transfer of course, but I wonder if 2027 will have the same number of transfer bonuses. Will be telling.
Their taxes & fees & surcharges on award tickets, nowadays, though...