Here is what you need to know when transferring points

Last updated on November 25th, 2021
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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If you are a person who often uses their frequent flyer points, knowing if you can transfer your points can be a gamechanger. It is possible to transfer your frequent flyer points from one programme to another. However, there are some programmes that do not allow you to do this. Here is a guide that will help you know what you can do to transfer your points and maximise your frequent flyer benefits.

1. You can transfer between select airlines

Frequent flyer programs have made it possible to transfer your points with select airlines that they have partnered with or formed an alliance with. You can also earn and redeem your points from these select airlines they have partnered up with. However, not all frequent flyer programmes will allow you to transfer your points. Therefore, you will have to check the fine print of your frequent flyer card to know if you can transfer your points.

2. You can’t transfer points between different programs

You could be wondering if you can transfer your points from your frequent flyer card to something like your Woolworths reward card. This also means that you cannot transfer your points to programs that your card is not affiliated with and sometimes partnered airline schemes. To find out about the point transfer you will have to check your cards program guide.

3. Transferring points to family members

It is possible for you to transfer your points to other family members before it expires. You can also family pool your points for convincing. This basically means you can combine your family’s points under one account and they will be able to access it from there. Once again, you can transfer points to another frequent flyer that is under the same program.

4. Exchange rates

When transferring your frequent flyer points it will come with an exchange rate. There is usually a limitation on how many points you can transfer with certain cards. For example, Qantas limits you to transferring 2000 points. Furthermore, exchange rates for such transfers are rarely 1:1. Therefore, you will have to weigh whether it will be worth it to transfer your points to another program.

If you are looking for a frequent flyer program that can help you transfer points from one program to another, your options can be limited as there are few frequent flyer schemes that allow you to do this. However, this feature can come in handy when you need to travel. Always keep in mind to compare your card to see if it still offering you the value for your money and the flexibility to make travelling more convenient.

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