Chase has just launched a limited-time promotion offering a 100% bonus when transferring Ultimate Rewards points to IHG One Rewards. While this represents the largest percentage bonus we’ve seen for this partnership, value-conscious travelers should approach this opportunity with caution. Let’s analyze whether this flashy offer actually delivers meaningful value for your valuable Chase points.
From August 16 through September 4, 2025, Chase Ultimate Rewards members can receive a 100% bonus when transferring points to IHG One Rewards. Here are the key details of this promotion:
This represents the most generous bonus we’ve seen for transfers between these programs. Historically, Chase has offered transfer bonuses to IHG about twice per year, with previous bonuses ranging from 50% to 80%.
At first glance, a 100% bonus sounds impressive. However, to determine if this represents genuine value, we need to compare the relative worth of both currencies.
Most points and miles experts value:
Using these valuations, let’s calculate the effective value when transferring with this bonus:
Even in the most optimistic scenario, you’re still sacrificing significant value compared to what Chase points can deliver through other redemption options:
Let’s examine a real-world example to see how this transfer bonus performs in practice. Consider a potential stay at the InterContinental Danang Sun Peninsula Resort, a luxury property in Vietnam.
This same booking through different redemption channels:
As this example demonstrates, even with the generous 100% transfer bonus, booking through the Chase Travel portal provides significantly better value in many scenarios—especially for Sapphire Reserve cardholders.
While generally not recommended, there are limited scenarios where this transfer bonus could potentially offer value:
However, even in these cases, make sure to compare against alternative booking methods before transferring your valuable Chase points.
If you’re interested in building your IHG points balance, consider these more efficient alternatives:
For those still considering this transfer option, here are some potential IHG redemptions that might deliver better relative value:
However, even with these potential sweet spots, be sure to compare against other redemption options before committing your Chase points.
While Chase’s 100% transfer bonus to IHG One Rewards represents the largest percentage bonus we’ve seen between these programs, the fundamental value proposition remains weak for most travelers. Even with twice as many IHG points, you’re likely to receive less value than through other Ultimate Rewards redemption options.
The math simply doesn’t work in favor of this transfer for the vast majority of scenarios. With Chase Ultimate Rewards points being among the most valuable and flexible currencies in the travel rewards space, sacrificing their potential for IHG points—even at a doubled rate—represents a significant opportunity cost.
Instead of transferring your valuable Chase points, consider applying for an IHG co-branded credit card, taking advantage of IHG point sales, or simply booking your IHG stays through the Chase Travel portal to maximize your value.
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