Threat is one of the most important predictors for attitudes towards refugees and migration. The current research addresses the role of different threat types and emotional reactions in the context of refugee migration with a multi‐method approach. Using qualitative (Study 1, N = 202) and quantitative (Studies 2–4, N = 873) methods, we identified six types of threat that majority group members in Germany experience in the face of refugee migration: Concerns about cultural differences (symbolic threat), financial strain (realistic threat), criminal acts (safety threat), conflicts within society (cohesion threat), increasing xenophobia (prejudice threat), and refugee care (altruistic threat). All these threat types elicited negative emotions and were associated with negative attitudes towards refugees and support for restrictive migration policies. Paradoxically, concerns about refugee care predicted support for restrictive migration policies particularly well (altruistic threat paradox), which can be explained by a lack of emotional responses to this type of threat. Based on these findings, we propose a bidirectional model of intergroup threat.