Transfer Chase Points To IHG With 60% Bonus

Filed Under: Chase, IHG Rewards
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Chase Ultimate Rewards has just launched a transfer bonus, which is only the second-ever transfer bonus ever offered by the program (the first bonus was to British Airways Executive Club back in mid-2019).

Seeing another transfer bonus from Chase is exciting on the surface — of the four major transferable points currencies, Ultimate Rewards is the only program that hasn’t historically offered many transfer bonuses. Unfortunately this particular bonus isn’t particularly valuable, if you ask me.

Earn Chase points with the following cards:

Chase offering 60% bonus on IHG transfers

Chase is offering a 60% bonus when you transfer Ultimate Rewards points to IHG Rewards Club. This bonus is valid through Monday, August 31, 2020.

The bonus isn’t hard-coded into the transfer ratio, meaning that when you transfer Ultimate Rewards points you won’t see the bonus on the transfer page. While the standard IHG Rewards Club points will post to your account immediately, the 60% bonus will show up within two business days.

Chase is offering a 60% bonus on points transfers to IHG

Why this promotion isn’t worth it

A 60% transfer bonus sounds like it could be valuable, though this isn’t a good deal. It’s not often I make an absolute recommendation, since usually I’d say “it depends on your situation.” However, this is a case where I’ll say that just about no one should take advantage of this promotion.

Why? I value IHG Rewards Club points at ~0.5 cents each, while I value Chase Ultimate Rewards points at ~1.7 cents each. Even when you’re getting 1.6 IHG Rewards Club points per Ultimate Rewards point, you’re still only getting ~0.8 cents of value per Ultimate Rewards point.

At a minimum, you can redeem Ultimate Rewards points for 1.25-1.5 cents each towards a travel purchase (and right now even at that rate towards groceries and dining, with Chase’s “Pay Yourself Back” feature).

Even if you value IHG Rewards Club points more than I do, the reality is that IHG frequently sells points for ~0.5 cents each, and through August 14 you can buy points at that rate. It would be silly to redeem Ultimate Rewards points when you’re only getting ~0.8 cents of value vs. paying cash.

The only real consideration here is that historically Chase transfers to IHG have counted towards elite status. However:

  • You can get IHG Rewards Club Platinum status with the IHG Premier Card
  • There aren’t many incremental perks to IHG Rewards Club Spire status

I can’t imagine many circumstances where it would make sense to transfer valuable Ultimate Rewards points in order to earn IHG status.

Ultimate Rewards points are too valuable to transfer to IHG

The best credit card for earning IHG points

If you’re looking to earn IHG Rewards Club points, I’d highly recommend applying for the IHG® Rewards Club Premier Credit Card (review). The card is offering a welcome bonus of 125K points, and offers lots of great perks that make it worth holding onto long term, including an anniversary free night certificate, a fourth night free on award redemptions, and more.

See this post for the best credit cards for earning IHG Rewards Club points.

The IHG Premier Card offers an anniversary free night certificate

Bottom line

Chase Ultimate Rewards is offering its second-ever transfer bonus, as you can get a 60% bonus when you transfer points to IHG Rewards Club. While I’m happy to see the trend of transfer bonuses continue, I’m afraid that this simply isn’t worth it under virtually all circumstances.

Transfers to all of Chase’s partners are typically at a 1:1 ratio. While the simplicity of that is nice, the reality is that points have significantly different values, and this creates a few partners that I would never recommend transferring Chase points to.

Anyone have a different take, and see a reason to transfer Chase points to IHG?

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Comments
  1. Ben, love almost all your posts. Really gets me into the aspirational part of travelling. On that note, often in your posts you post pics of a property or two which always look amazing, but rarely is it documented anywhere what the propery is. For example, there’s a pic of an amazing looking hotel property and ground that looks almost subterranean and in a quarry as your 1st pic in this post. However, no identifying what the property is (unless I’ve missed it, which is a distinct possibility). There’s a latter pic as well that looks like the roofs of the buildings are covered with grass or greenery – also I cannot find what this is. It kills the aspiration when I can’t identify the pix you are presenting within your post. Just a suggestion – label them. Then when I book them, I can let them know it was you that pointed me in that direction. Thanx for all you do Ben!
    Warmest Regards – David

  2. Ben – do you think it would be worth it under this circumstance? I’m 20k points away from Spire status, which comes with a 25k point bonus gift. If I transferred 20k Chase points, I would receive 12k bonus points, as well as the 25k point gift, for a total 57k IHG points for a 20k Chase point transfer. At your valuation, that would be 1.425 cents/point and include Spire status.

  3. outside of their traditional architectures, China has many modern hotel, bridges, highways, walkways that will give you lots of wows, they dont see natural obstacles as a deterrence

  4. @David – I agree. It took me a long time from a previous post to find out this was in Shanghai. I still see several hero images on this site that make me wonder what Hilton property or Hyatt resort I should aspire to. Captions or alt text would be very helpful.

  5. @David – Had the same puzzle. This is what I do which helps most of the time. Right click on the Image–> Open Image on New tab . Look at the address bar which MIGHT have the name of the property as the name of the image. Search and Drill down!

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