Chase Ultimate Rewards 60% Transfer Bonus To IHG Rewards Club Until August 31, 2020 (Don’t Do It)

Chase Ultimate Rewards has sent out an email blast to their card holders that a new campaign is out giving 60% bonus on all transfers to IHG Rewards Club until August 31, 2020.

This is a rare opportunity to move Ultimate Rewards out of the account to partner programs with a transfer bonus but IHG as a transfer partner isn’t very attractive even with the bonus.

Points with IHG Rewards Club are generally good to have but they are best earned by staying at the properties and through promotion as well as the IHG Premier Mastercard from Chase.

You can access this promotion in your Ultimate Rewards portal under transfer partners.

Limited time offer: Get 60% Bonus points when you transfer points through 11:59 PM ET on August 31, 2020. Bonus Points will be awarded by IHG in your IHG Rewards Club account when your transfer is complete.  Promotional offer terms and conditions apply.

This is how it looks like:

I haven’t even linked my IHG account with my Chase UR portal because it’s so unattractive as per the usual ratio of 1:1 (now 1:1.6).

Of course there are always exceptions where you could justify moving a small amount of points around like for an account top up towards a close by award level but you can always buy IHG points at very cheap rates as well just to keep your options open.

Conclusion

There are far better transfer partners to use Chase Ultimate Rewards at that offer a better value, for example Hyatt, United, Singapore Airlines or Virgin Atlantic Flying Club (once we have more certainty again what’s going to happen with Virgin).

You could even use Chase’s “Pay yourself back” campaign to offset balance charges at a rate of 1.5 cent for Sapphire Reserve card holders and 1.25 cent for Sapphire Preferred card holders. Still a much better value compared to moving the points to IHG.

These are the the Terms & Conditions of this promotion:

Bonus points offer is valid for point transfers to IHG Rewards Club completed between 12:00AM ET on August 1, 2020 and 11:59PM ET on August 31, 2020. Minimum transfer is 1,000 Ultimate Rewards points. Bonus points will be awarded by IHG in your IHG Rewards Club account after your transfer is complete.  Please allow two (2) business days for the Bonus points to post to your IHG Rewards Club account.

For the Bonus points offer, you will receive 60% Bonus points for each Ultimate Rewards point transferred during the promotional period listed above.  For example, if you transfer 1,000 Ultimate Rewards points, you will receive a total of 1,600 points. You must be enrolled in IHG Rewards Club with both your membership in good standing and your Ultimate Rewards credit card account open and not in default in order to participate in this offer. Visit IHG.com/rewardsclub to enroll. Once you have transferred Ultimate Rewards points, they become points subject to the Terms and Conditions of the IHG Rewards Club and cannot be transferred back to your Chase Ultimate Rewards Program account. Taxes, government imposed fees, and all applicable charges apply on IHG Rewards Club redemption nights and upgrades. Individual hotel restrictions may apply. See IHG Rewards Club Terms and Conditions for details, including point redemption requirements, which can be found at IIHG.com/theclubterms. Reward nights and upgrades are subject to availability.  Chase is not responsible for availability of reward nights, accommodations, IHG, or any other rewards in the IHG Rewards Club.

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