A rewards points transfer program lets customers move loyalty points from one program to another (for example from a credit card or store account into airline miles or hotel points). Investors care because these programs can drive customer loyalty and sales, create partnerships that expand a brand’s reach, and appear as future obligations on a company’s books—similar to a store selling gift cards that customers can redeem later, affecting revenue and costs over time.
asia milesfinancial
Asia Miles is a travel rewards currency earned and redeemed through flights, hotel stays, credit cards and partner services; think of it as a digital store credit for travel and related purchases. For investors, the program matters because issued miles represent future obligations and recurring revenue from partners and members—similar to sold gift cards that create cash today but require goods or services later—so its size, redemption patterns and partner deals affect a company’s cash flow and liability picture.
companion ticketsfinancial
A companion ticket is a promotional or benefit voucher that lets a customer bring a second person for free or at a reduced price when they buy a main ticket or meet a membership requirement. Investors care because these tickets can boost sales and customer loyalty like a “bring-a-friend” deal, but they also represent a potential cost or liability that can reduce per-customer revenue and affect how a company forecasts income and marketing effectiveness.
prospectus supplementregulatory
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
medium-term notesfinancial
Medium-term notes are debt securities issued by companies, banks or governments that promise to pay interest and return principal at a set date a few years out—typically longer than short-term bills but shorter than long-term bonds. For investors they act like staggered IOUs that provide predictable income and help diversify holdings, but they carry credit and interest-rate risk and can affect a portfolio’s cash flow and stability depending on the issuer’s creditworthiness and the note’s term.
contingent couponfinancial
A contingent coupon is an interest or dividend payment on a bond or preferred security that is paid only if certain pre-set conditions are met, such as sufficient profits, cash on hand, or regulatory capital levels. Think of it like a bonus that arrives only when the issuer hits specific financial targets; for investors it matters because missed coupons don’t necessarily mean a default but do reduce expected income and change the security’s risk and market value.
credit riskfinancial
Credit risk is the chance that a borrower or debt issuer will fail to make agreed interest or principal payments, leaving lenders or bondholders with reduced or lost money. For investors it matters because higher credit risk usually means higher expected returns to compensate for that danger, greater chance of losses or sudden drops in market value, and more scrutiny of ratings and cash-flow strength—like lending a friend money and weighing the odds they'll pay you back.
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SAN FRANCISCO--(BUSINESS WIRE)--
Wells Fargo today announced the addition of Cathay Pacific, the premium award-winning home airline of Hong Kong, to the company’s Rewards Points Transfer program. Starting today, Wells Fargo credit cardholders can link their Cathay membership to eligible Wells Fargo credit cards and transfer points to Cathay Pacific Asia Miles at a 1:1 transfer ratio. There is no minimum balance required and no waiting period to redeem.
Cathay Pacific is Wells Fargo’s first transfer partner predominantly serving Asia, significantly increasing the geographic reach of the Wells Fargo Rewards travel partner network.
“Our mission is to give customers greater flexibility in how they earn, redeem and travel with their rewards,” said Lisa Giordanella, head of Loyalty and Rewards at Wells Fargo. “Adding Cathay Pacific as our newest transfer partner expands our global travel reach and gives cardholders more ways to turn their points into meaningful experiences across Asia and beyond.”
Asia Miles can be redeemed for flight awards, upgrades, and companion tickets on Cathay Pacific and its airline partners, offering access to destinations including Hong Kong, the Chinese mainland, Southeast Asia, Australia and more. When redeeming on Cathay Pacific, customers can look forward to the airline’s award-winning experiences, recently recognized as the number two airline in the world by AirlineRatings, and World’s Best Economy and World’s Best Inflight Entertainment by Skytrax.
Through the Wells Fargo Rewards Points Transfer program, cardholders can transfer points to Wells Fargo’s growing list of airline and hotel loyalty partners, helping maximize the value of their rewards and enhance their travel experiences.
This redemption option is available for all Wells Fargo credit cards that earn rewards points, including the Autograph® and Autograph Journey℠ credit cards.
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.2 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
