If you have the Chase Sapphire Preferred® Card or Chase Sapphire Reserve® your points transfer to participating airline or hotel loyalty programs.

• Airlines: United, Southwest, British Airways, Virgin Atlantic, Singapore Airlines,
  Air France KLM, JetBlue, Aer Lingus, Iberia, Emirates
  
• Hotels: Hyatt, Marriott, IHG

Currently, and through August 31, there’s a 60% bonus on transfers from Chase Ultimate Rewards to IHG Rewards Club.

This is only the second time I’ve seen a transfer bonus from Chase. The first was a bonus for transferring points to British Airways in spring 2019.

The only good argument for transferring points with this bonus, in my opinion, is that historically points transferred in from Chase have counted towards elite status though it’s not supposed to work that way so no guarantee it continues to do so, and that there’s a reduced number of points needed this year to earn status:

I value IHG Rewards Club points at half a cent apiece. A 60% bonus gets 4/5ths of a cent per point in value. Virtually any other transfer option from Chase still yields greater value.

To generate IHG points – and status – I prefer and recommend getting the IHG® Rewards Club Premier Credit Card which has an offer for you to earn 125,000 bonus points after spending $3,000 on purchases within the first three months of account opening

You’ll receive a free night after each account anniversary year at eligible IHG hotels worldwide. One of the best features of this $89 annual fee card is that cardholders receive a free reward night each time they redeem points for any stay of 4 or more nights. Cardmembers receive platinum status for as long as they remain a cardmember. And there’s a Global Entry or TSA Precheck fee credit (up to $100 every 4 years) as well.

Here are the terms and conditions for the 60% transfer bonus:

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.

(HT: Frequent Miler)