Chase Final Rewards is providing a 60% switch bonus to IHG — is it an excellent deal?

In case you have one in all Chase’s cobranded bank cards, such because the Chase Sapphire Most well-liked Card, Chase Sapphire Reserve, Ink Enterprise Most well-liked Credit score Card or Chase Freedom Flex, it is possible for you to to earn Chase Final Rewards factors, which you’ll be able to redeem by the Chase journey portal or by transferring them to airline and resort accomplice applications. Chase factors can sometimes be transferred at a 1:1 ratio for many companions.

Nevertheless, profiting from switch bonuses is among the greatest methods to stretch your stash of factors and miles for extra journeys and greater financial savings. However one factor you need to know is that not all switch bonuses are an excellent deal.

In reality, some are offensively rotten. Do not be drawn into using a switch bonus simply because the switch ratio appears beneficiant.

Working example: You may obtain a 60% bonus whenever you switch Chase Final Rewards factors to IHG One Rewards. The supply is presently legitimate till March 1. Whereas that will sound like a no brainer, we’ll present you why it isn’t the very best worth on your factors.

Get a 60% bonus whenever you switch Chase Final Rewards factors to IHG


This is the easy cause switch bonuses are generally a foul thought: All factors should not created equal.

For instance, TPG valuations discover that Chase Final Rewards factors are value 2.05 cents every — whereas IHG One Rewards factors are value simply 0.5 cents every.

Associated: What are factors and miles value?

Chase is presently providing a 60% bonus when transferring Final Rewards factors to IHG. You’ll be able to switch factors in increments of 1,000. Due to this fact, 1,000 Final Rewards factors would equal 1,600 IHG factors. However primarily based on TPG valuations, that is like buying and selling $20.50 value of Final Rewards factors for $8 value of IHG factors.

Total, it is fairly a foul deal except you want only a few thousand extra factors for a selected award keep.

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Take the Vacation Inn Categorical Columbus — Ohio Expo Middle. You’ll be able to reserve the resort for twenty-four,000 IHG factors (or by transferring 15,000 Chase factors to IHG throughout this switch bonus).


TPG valuations estimate 16,000 Chase factors to be value $328. However the money price for this identical room is simply $164 (not together with taxes and costs). In different phrases, even with this 60% bonus, the worth you may get on your Chase factors is under common.

Associated: When to switch Final Rewards and when to ebook immediately


On this situation, you may save 2,139 Chase factors by forgoing the switch bonus and easily reserving the stick with factors by the Chase journey portal. Chase factors are value a hard and fast price of about 1.25 cents apiece when redeemed this manner.

Even cashing out your factors at a price of 1 cent every would prevent 1000’s of factors over utilizing the present switch bonus.

Associated: Greatest Chase Final Rewards candy spots

Backside line

There are a number of Chase Final Rewards companions which can be hardly ever an excellent switch possibility — even with a wholesome switch bonus. IHG One Rewards is a type of companions.

To determine if a switch bonus is a good suggestion, seek the advice of TPG’s month-to-month valuations and do the mathematics to see if the worth you are getting is above or under the worth of our common factors.

That stated, some switch bonuses are glorious offers. Be sure you bookmark our switch bonus web page, which is up to date often. We’ll let when a showstopper pops up.

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