Chase Offering 70% Bonus on Transferred Points to IHG One Rewards

Chase is an American national bank headquartered in New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. Multinational banking and financial services holding company, JPMorgan Chase.

Chase will provide benefits for transferring points to airline or hotel programs throughout the year. When you exchange your Chase Ultimate Rewards points for IHG One Rewards points, Chase is now running a promotion that offers a 70% bonus.

In this blog, we'll focus on some questions about Chase offering a 70% bonus on transferred points to IHG One rewards.

Can you transfer Chase ultimate rewards points to IHG Rewards Club?

The answer is absolutely yes.

When you transfer Chase Ultimate Rewards points, Chase will give you a 70% bonus on IHG One Rewards points. For instance, 1,700 IHG One Rewards points will be earned after transferring 1,000 Chase Ultimate Rewards points.

This offer must be finished by July 31, 2024, at 11:59 p.m. ET. Of course, in order to avoid any potential technological difficulties, you should transfer points before this date if you choose to do so.

Although you can redeem your IHG One Rewards points for a variety of benefits, including free hotel stays when you transfer your Chase Ultimate Rewards points to IHG, those points do not count toward elite status or any other comparable offer.

Should you transfer IHG one rewards points at a 5 to 1 ratio?

IHG One Rewards currently has 37 airline partners. Although the transfer rules and circumstances vary from program to program, most of them transfer at a 5:1 ratio.

This implies that when you transfer 5,000 IHG One Rewards points to the majority of these partners, you will receive 1,000 airline miles.

Let's examine a few examples of transfers:

Transfer 10,000 IHG One Rewards points to United and receive 2,000 United MileagePlus miles at a 5:1 ratio (the rate for most partners).

Transfer 10,000 IHG One Rewards points for 250 Air Miles at a 40:1 ratio.

Transfer 10,000 IHG One Rewards points to EL AL Matmid at a ratio of 250:1 to receive 40 EL AL Matmid points.

Transfer 10,000 IHG One Rewards points to Air New Zealand Airpoints at a ratio of 400:1 to receive up to 25 Airpoints.

Does IHG offer a 100% bonus buy points promotion?

This promotion allows you to buy IHG One Rewards points with a 100% bonus through June 26, 2024, which can lower the price of each point to just 0.5 cents.

You may need to purchase at least 15,000 points in order to qualify for the targeted offer's 100% bonus. You can get more points without the bonus for about 1.35 cents each by buying fewer of them. That is significantly more than the 0.5 cents we assign to each IHG One Rewards point.

Are there other ways to use my points?

In addition to free nights and airline miles, there are a handful of creative ways to redeem your IHG One Rewards points.

1. Charitable donations

IHG One Rewards points can be given away using each method in increments of 2,500 points, with a maximum donation of 10,000 points per transaction. The American Red Cross, the Global FoodBanking Network, and the National Urban League are examples of eligible charities. What your donation will mean in terms of value for the organization is unclear.

2. Ambassador memberships

A reward program called InterContinental Ambassador offers things like upgraded accommodations, late checkout, and elevated elite recognition. A 12-month membership normally costs $200, but you can pay that price with 40,000 IHG One Rewards points, or 0.5 cents per point.

3. Shopping

Your IHG One Rewards points will be worth between 0.2 and 0.4 cents each when you shop, depending on what you buy.

4. Magazines & Media (eBooks, games, music, movies, etc.)

You will receive an approximative redemption value of 0.3 to 0.4 cents for each point, despite the fact that the redemption catalog for publications and media differs across regions and places. For instance, 1,550 IHG One Rewards points ($5.99 value) can be used to purchase one issue of National Geographic, and 11,450 IHG One Rewards points ($39 value) can be used to purchase a 12-issue membership.

Conclusion

Make sure you have enough points to transfer. The bonus points are based on the number of Chase Ultimate Rewards points you transfer, so make sure you have enough points to transfer to get the full bonus.

Choose the right card. Not all Chase Ultimate Rewards cards offer the same transfer ratio as IHG One Rewards. The Chase Sapphire Preferred® Card offers a 1:1 transfer ratio, while the Chase Sapphire Reserve® Card offers a 1:1.25 transfer ratio.

Consider your redemption goals. When you are transferring points to IHG One Rewards, it is important to consider your redemption goals. If you are planning to redeem for free nights, you will need to make sure you have enough points for the night you want. If you are planning to redeem for an upgrade, you will need to make sure you have enough points for the upgrade you want.