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Chase has announced the addition of Aer Lingus and Iberia to its list of Airline Transfer Partners. This addition means you can now transfer Chase Ultimate Rewards to 9 airlines.
Although it is a welcome addition that you can now move points directly to Iberia, you could already do this, since you could move Chase Ultimate Rewards points to British Airways and then move them along to Iberia. The conditions were:
- Both accounts had to be open for at least 90 days
- You had to have some earning activity on the account
Is There Any Value?
There is some value to be had with the addition of Iberia and Aer Lingus, although most of it is related to Iberia. Iberia has a couple of advantages over BA:
- Lower fuel surcharges when booking Iberia flights. If you book an Iberia award using BA, you will pay a higher fuel surcharge than booking it directly through Iberia
- Cheaper awards: Again, the redemption rates on Iberia flights can be cheaper when booked directly from Iberia, against booking them through British Airways
Another little piece of value, although it is marginal, is that you are effectively doubling up your chance to earn a transfer bonus to either British Airways or Iberia. This should happen if Chase runs separate promotions with transfer bonuses to Iberia or BA. You would have the option to move points to the program with the transfer bonus, and then move them along to the other program.
While there is some positive in Chase adding Iberia and Aer Lingus to their list of transfer partners, it is only marginal, since BA and Iberia offer some of the best value transferring miles between programs. However, now you have an increased chance of scoring a transfer bonus. Ultimately, the more options there are for points earned from your Chase Sapphire Reserve® or your Chase Sapphire Preferred® Card, the more valuable they become.
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