Chase is running a 30% bonus on transfers to British Airways through July 31, 2022 and a 50% bonus on transfers to Marriott through August 19, 2022.
These are both relatively low value programs but that do have sweet spots.
British Airways points transfer to Iberia if your Iberia account has been open for 3 months and has earned points (you can transfer 1000 Chase points to meet this requirement). Roundtrips from the East Coast to Europe in business class on Iberia flights cost 68,000 points roundtrip.
And now that Qatar Airways uses Avios as its currency, and you can similarly transfer points into Qatar’s Privilege Club, BA has reduced the price of its own awards for travel on Qatar.
Marriott points are worth about 60 basis points each and a 50% bonus means getting around $0.009 per Chase point. There are limited edge cases where this can work out – some Marriott hotels where you’ll get meaningfully better value for your points, or topping off an account to redeem a high value reward (rather than transferring all of the points you need to redeem an award).
Definitely don’t transfer to Marriott speculatively. If you happen to have a specific need during the promotion period, a 50% bonus is much better than not a 50% bonus.
Chase is also still offering a 30% bonus on transfers to Virgin Atlantic through June 15, 2022.
(HT: Frequent Miler and it strikes me as odd that Chase doesn’t email cardmembers about these transfer bonus opportunities.)