**Chase Ultimate Rewards Unveils New Transfer Bonus to IHG One Rewards**
Chase Ultimate Rewards has rolled out a new transfer bonus to IHG One Rewards, providing a 70% bonus on point transfers. This offer is valid from April 1 to April 30, 2026. Normally, points transfer at a 1,000:1,000 ratio, but with this promotion, they transfer at a 1,000:1,700 ratio. Transfers are typically instantaneous and can be executed an unlimited number of times.
Although a 70% bonus may appear attractive, it’s crucial to assess the worth of the points. IHG One Rewards points are valued at about 0.5 cents each, while Chase Ultimate Rewards points have a value of roughly 1.7 cents each. Even with the bonus, you are only receiving 0.85 cents of value per Ultimate Rewards point when transferred to IHG.
IHG often sells points for 0.5 cents each, making it more economical to buy points directly instead of converting valuable Ultimate Rewards points. Consequently, despite the bonus, transferring points to IHG is not advisable for optimizing value.
In summary, while the transfer bonus is a favorable enhancement, it fails to deliver adequate value when compared to other redemption opportunities provided by Chase Ultimate Rewards.