Overview

• Transfers go live with published ratios: Japan Airlines 2:1.5, Qatar Airways 1:1 and Preferred Hotels I Prefer 1:2, with I Prefer lagging Citi’s 1:4 rate.
• A limited 30% bonus to Japan Airlines runs through late October 2025, producing an effective 2:1.95 transfer that is nearly 1:1.
• Capital One becomes the only major transferable currency with a direct Japan Airlines link, though Bilt already offers 1:1 transfers to JAL.
• Direct transfers to Qatar Airways Privilege Club eliminate the previous workaround of moving miles via British Airways for added simplicity.
• Usability notes include a seven‑day wait before new JAL accounts can redeem, family‑only booking rules and typical fuel surcharges on some awards.