The short answer is yes. The qualifications are that the points must be neither banked nor borrowed. They also cannot be transfered points that you are trying to retransfer to another account. You also cannot transfer points out in the same use year that you have previously transfered in points nor can you transfer in points to the same use year that you have previously transfered points out. You may transfer points in OR out (not in and out) of a particular use year as many times as you wish.
Additionally, reservation points cannot be transfered, banked or borrowed.
Hope this explains the current rules.
