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Chase has launched a new limited-time Ultimate Rewards transfer bonus — and this one’s a head-turner on paper: a hefty 100% bonus when transferring Ultimate Rewards points to IHG One Rewards, valid through September 4, 2025.
But while the bonus amount is flashy, don’t get too excited. IHG is one of Chase’s least valuable transfer partners. Even with this elevated bonus, it's not a no-brainer to transfer your Chase Ultimate Rewards points to IHG. Let's show you why.
Chase to IHG Transfer Bonus Offer Terms
- Transfer Ultimate Rewards points to IHG One Rewards and receive 100% bonus points.
- Bonuses are available on point transfers made through 11:59 PM ET on September 4, 2025.
- The minimum transfer amount is 1,000 points (2,000 IHG points after the 100% transfer bonus).
- Point transfers to IHG take an average of ~5 hours to process
- Allow up to two days for the bonus points to hit your account.
- Transfers are final and non-reversible.
- Here's how to transfer Chase Ultimate Rewards points to partners
Why You Might Want to Skip This IHG Transfer Bonus
Outside of transfer bonuses, Chase points transfer at a 1:1 ratio for all Ultimate Reward travel partners. But all points don't have the same value. While AwardWallet users have redeemed Chase Ultimate Rewards points for an average of 1.97¢ per point, AwardWallet users have only been able to redeem IHG points for 0.68¢ per point in recent redemptions.
Consequently, if you were to transfer Ultimate Rewards points to IHG, you'd effectively cut the value of your points by almost two-thirds. This makes transfers to IHG a poor value in most scenarios.
A 100% bonus doesn't do much to close the gap. Boosting IHG's 0.68¢ value by 100% still only translates into just 1.36¢ per point. Chase has many more valuable transfer partners that provide more value than that, even without a transfer bonus.
Related: All of the Credit Cards that Earn Chase Ultimate Rewards Points
Running the numbers
While 1.97¢ and 0.68¢ per point are our baseline values for these currencies, you may value them differently. And that's okay. But that still doesn't necessarily make this transfer bonus a good deal.
Personal valuations aside, Ultimate Rewards cardholders can achieve up to 2¢ per point through the Chase Travel Portal. Additionally, Sapphire cardholders can get the same value by using Ultimate Rewards points to Pay Yourself Back. This means you're generally better off using your points in one of these ways instead of transferring to IHG.
In short, the redemption rate needed to make it more appealing to transfer points rather than book through Chase Travel depends on your card.
Walking through an example
Let's use a booking at the Intercontinental Danang Sun Peninsula — one of our favorite IHG luxury redemptions — to demonstrate this point.
For a two-night award stay in October 2025, the award price for a base room can be just 77k IHG points per night — a solid points deal for this property. With the 100% transfer bonus, you'd need to transfer just 77k Ultimate Rewards to receive the IHG points required for the two-night stay — meaning you're paying less than 40k Chase points per night!
For comparison, the same nights cost $418 per night, including taxes and fees:
This redemption would net a redemption rate of 0.54¢ per IHG point. That's a bit less than the value AwardWallet users have gotten from recent IHG redemptions, but more than the rate at which you can buy IHG points during a promotion.
However, if you have a Chase Sapphire Preferred® Card, Ultimate Rewards points are worth 1 to 1.5¢ per point on hotel bookings made through the Chase Travel portal.
When we plug this stay into the Chase Travel portal, the current Points Boost redemption costs 61,992 points for two nights through the portal — even though you have to pay a slightly higher non-member rate. That's a savings of 15k Chase points vs. transferring points to IHG with a 100% bonus!
If you hold the Chase Sapphire Reserve®, you may get an even better deal. Cardholders receive up to 2¢ per point through the Chase Travel℠ Portal (depending on your specific redemption). For example, if you got a Point Boost redemption of 2¢ per point, you'll only need 46,494 Ultimate Rewards to book this cash stay.
That's a savings of over 30k Ultimate Rewards points by booking through the Chase Travel℠ Portal (under 47k points) instead of transferring to IHG with a 100% transfer bonus (77,000 points)!
Related: Do Chase Ultimate Rewards Points Expire?
Bottom Line
Despite the 100% bonus, transferring Chase Ultimate Rewards points to IHG One Rewards still won’t deliver great value in most cases. Even solid points redemptions may not outperform the value you’d get by booking through the Chase Travel Portal — especially if you hold the Sapphire Reserve.
What's a better alternative to building your stash of IHG points? You’re far better off picking up a co-branded IHG credit card with a big welcome bonus instead:
- Earn up to 17X points total per $1 spent when you stay at an IHG hotel
- 3X points per $1 spent on dining, utilities, select streaming services, and at gas stations
- 2X points per $1 spent on all other purchases
The earning for spending at IHG hotels breaks down as follows:
- Earn 5X points for being a IHG One Rewards Traveler Credit Cardmember
- Earn up to 2X points from IHG® with Silver Elite Status, a benefit of this Card
- Earn up to 10X points from IHG® for being an IHG® Rewards Club Member (Being a cardholder is not required to earn this bonus for participating in the IHG® loyalty program)
- Earn up to 26 points total per $1 spent when you stay at an IHG hotel
- 5X points per $1 spent on purchases on travel, gas stations, and restaurants
- 3X points per $1 spent on all other purchases
The earning for spending at IHG hotels breaks down as follows:
- Earn 10X points for being a IHG One Rewards Premier Credit Card member
- Earn up to 6X points from IHG® with Platinum Elite Status, a benefit of having this card
- Earn up to 10X points from IHG® for being an IHG® One Rewards member (Being a cardholder is not required to earn this bonus for participating in the IHG® loyalty program)
- Earn up to 26X total points per $1 spent when you stay at an IHG hotel
- 5X points per $1 spent on travel, dining, social media search engine advertising, and at office supply stores and gas stations
- 3X points per $1 spent on all other purchases
The earning for spending at IHG hotels breaks down as follows:
- Earn 10X points for charging your stay to your IHG One Rewards Premier Business Credit Card
- Earn up to 6X bonus points for having IHG®Platinum Elite Status, a benefit of having this card
- Earn up to 10X base points for being an IHG® One Rewards Member (Being a cardholder is not required to earn this bonus for participating in the IHG® loyalty program)
What's your take on this Ultimate Reward transfer bonus to IHG One Rewards?
For rates and fees of the cards mentioned in this post, please visit the following links: IHG One Rewards Traveler Credit Card (Rates & Fees), IHG One Rewards Premier Credit Card (Rates & Fees), and IHG One Rewards Premier Business Credit Card (Rates & Fees)
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