Though transfers are allowed, restrictions potentially prevent what you mention. First, you could not transfer points from two years from now; they have to be current use year points. Second, the rules state that you can either transfer points or receive transfered points once during the use year, but not both. In other words, you could transfer to the other member but that member could not then also transfer to you. However, different portions of the documents indicate transfers can be used to "exchange" points between members, so it is not clear. Nevertheless, without even trying a double transfer, you could agree to do what you mention with the other member in a side agreement; i.e., transfer from him now and you agree to transfer to him two years from now an equal number