Chase has simply launched a promotion in the event you convert your Final Rewards factors into Marriott Bonvoy factors. That is the third switch bonus this system is providing in the intervening time, as you can even get a 30% bonus on transfers to Virgin Atlantic Flying Membership (by means of November 12, 2022), and a 30% bonus on transfers to Air Canada Aeroplan (by means of November 30, 2022).
Chase providing 40% bonus on Marriott Bonvoy transfers
Chase is providing a 40% bonus while you switch Final Rewards factors to Marriott Bonvoy between November 1 and December 20, 2022.
The bonus isn’t hard-coded into the switch ratio, which means that while you switch Final Rewards factors you received’t see the bonus on the switch web page. Reasonably the bonus can be deposited by Marriott Bonvoy as soon as your switch is full.
We’ve seen two related switch bonuses prior to now yr, although they have been for a 50% bonus, slightly than for a 40% bonus. So this one isn’t fairly pretty much as good, and that’s not even accounting for the Bonvoy devaluation we’ve seen this yr.
A 40% switch bonus sounds prefer it may very well be helpful, although this isn’t a deal I’d advocate making the most of. Why? I worth Marriott Bonvoy factors at ~0.7 cents every, whereas I worth Chase Final Rewards factors at ~1.7 cents every. Even while you’re getting 1.4 Marriott Bonvoy factors per Final Rewards level, you’re nonetheless solely getting ~0.98 cents of worth per Final Rewards level, by my valuation.
At a minimal, you’ll be able to redeem Final Rewards factors for 1.25-1.5 cents every towards a journey buy by means of the Chase Journey Portal. Personally I worth World of Hyatt factors at greater than twice as a lot as Marriott Bonvoy factors, but Chase Final Rewards factors ordinarily switch to each currencies at a 1:1 ratio.
Now, in equity, there are most likely conditions the place you would technically get worth with this switch, by way of the resort keep being price greater than the worth of the factors transferred. Nevertheless, there are most likely extra environment friendly methods to amass these factors:
Traditionally Marriott Bonvoy has charged anyplace from 5,000 to 100,000 Bonvoy factors per night time at no cost night time redemptions, however as of March 2022 we noticed award charts eradicated, as dynamic award pricing was launched. Award pricing for a lot of properties has elevated significantly.
Via December 20, 2022, you’ll be able to obtain a 40% bonus while you switch Chase Final Rewards factors to Marriott Bonvoy. Whereas it’s good to see Chase supply one other switch bonus, this isn’t one to get too enthusiastic about.
Personally I don’t suppose this supply is price it. Marriott Bonvoy isn’t an environment friendly Chase Final Rewards switch accomplice, and I’d argue that applies even with a 40% bonus. I’d give this supply a “go,” however I’m certain some will discover this to be worthwhile.
What’s your tackle this Chase switch bonus to Marriott?