Membership Rewards seems mighty generous this holiday season, as they’re offering several transfer bonuses at the moment. They’re offering a 35% bonus for Virgin Atlantic Flying Club transfers through December 28, and offering a 30% bonus for British Airways Executive Club transfers through January 14, 2013.
This bonus is valid through January 31, 2013, and offers a 33% transfer bonus from Membership Rewards to Hilton HHonors. Through this promotion the transfer ratio is 1,000 Membership Rewards points to 2,000 Hilton HHonors points.
However, nobody should take advantage of this. As I said earlier, there’s a 35% transfer bonus to Virgin Atlantic Flying Club, and their miles can be converted to Hilton at a 1:2 ratio. That means by first transfering your Membership Rewards to Virgin Atlantic, and then from Virgin Atlantic to Hilton, you get a 1:2.7 transfer ratio.
Funny enough I actually made exactly this transfer last night. I had roughly 55,000 Virgin Atlantic miles (from their credit card sign-up bonus) and transfered 108,000 Membership Rewards points to Virgin Atlantic, for a total of 200,000 miles. Then I called Virgin Atlantic to convert those into 400,000 Hilton HHonors points, which should post within a week or so. This will fund a few AXON awards for me.
(Tip of the hat to Gary)