Chase Ultimate Rewards if currently offering card members a 50% Bonus when moving Ultimate Rewards points to Marriott Bonvoy.
Members received 1.5 Marriott points for each UR point (1) transferred which represents a 50% bonus but still a rather bad ratio as far as value is concerned.
Chase Ultimate Rewards points are some of my favorite multi use points currencies (together with American Express membership rewards) meaning that they can be converted to a variety of different travel partners and even cash.
As such I’m quite wary when it comes to using the points that I really get a decent, maximum value out of them which sometimes isn’t as easy as it sounds.
This particular transfer promotion from Chase to Marriott sounds big – 50% – and it was just advertised yet again in the monthly mailers Chase sends to their customers who participate in Ultimate Rewards.
Here is the offer in detail from the Ultimate Rewards Travel Partner Transfer page:
Take your points 50% further with Marriott Bonvoy™
Now through Aug 31, 2021: Transfer your Chase Ultimate Rewards® points to Marriott Bonvoy for 50% more value.
With the following graphic:
While 50% is indeed a large bonus one should consider carefully if this offer really makes sense. Marriott rewards pricing for hotels has gotten rather expensive and you’ll need at least 50,000-60,000 points or more for any upscale hotel to stay at these days.
Last weekend I was looking for a hotel in San Francisco and Marriott Bonvoy was asking 60,000 points to stay at the Westin St. Francis as an alternative to a $168 cash rate.
Needless to say such a redemption doesn’t make any sense whatsoever. You’d be a lot better off just paying cash and using Chase Pay Yourself Back to get a much better deal:
- Transfer Chase to Marriott: 40,000 UR Points -> 60,000 Marriott Rewards vs.
- Paying Cash: $168 -> 11,200 UR Points via Pay Yourself Back (1.5 cpm at the moment)
Not to talk about that there are numerous transfer partners where a points transfer would be more lucrative such as Hyatt where even without a transfer promotion 30,000 points would net you a top of the line property.
Generally speaking for Marriott Rewards points it’s very difficult to find a great earning option via credit cards other than the Marriott co-branded cards themselves (and those mostly with Marriott spend).
Chase Sapphire Reserve for example offers 3 points per USD spent on various categories including travel and dining. It’s still very hard to make the value work with Marriott Bonvoy for transfers.
Using this 50% transfer promotion makes sense if your Marriott property has a decent (low) redemption rate and the retail cash price is rather high or to top up an account with a small amount to reach a significant award milestone such as a travel package or 5-night redemption.
Otherwise I’d explore other options to make use of the UR points, either by transferring it to another partner or by using Pay Yourself Back while it’s still available for 1.5 cents per point value.
These are the Terms & Conditions of this promotion:
Bonus Marriott Bonvoy™ offer is valid for point transfers to Bonvoy™ completed between 12:00AM ET on July 1, 2021 and 11:59PM ET on Aug 31, 2021. Minimum transfer is 1,000 Ultimate Rewards points. Bonus Marriott Bonvoy™ points will be awarded by Marriott in your Bonvoy™ account when your transfer is complete.
For the Bonus Marriott Bonvoy™ points offer, you will receive 50% Bonus Marriott Bonvoy™ 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 1,500 Marriott Bonvoy™ points. You must be enrolled in Marriott Bonvoy™ 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 https://www.marriott.com/ to enroll. Once you have transferred Ultimate Rewards points, they become Marriott Bonvoy™ points subject to the Terms and Conditions of Marriott Bonvoy™ and cannot be transferred back to your Chase Ultimate Rewards Program account. Taxes, government-imposed fees, and all applicable charges apply on Marriott Bonvoy™ points redemption and upgrades. Individual restrictions may apply. Please contact the frequent travel program directly for additional information on Marriott Bonvoy™ Terms and Conditions for details, including Marriott Bonvoy™ redemption requirements. Redemptions are subject to availability. Chase is not responsible for availability, accommodations, on Marriott, or any other rewards in Bonvoy™.