The Chase IHG transfer bonus is now 80%, and it runs through 11:59 PM ET on December 3, 2026. Every 1,000 Ultimate Rewards points now becomes 1,800 IHG One Rewards points.
When we covered the earlier windows, we told you that if you found yourself considering a transfer, the honest answer was that you probably should not. That verdict mostly holds, and the math below shows exactly how the trade works at 80%. But “mostly” is doing real work in that sentence, because IHG prices awards dynamically and there is a narrow set of circumstances where 80% still clears every alternative use of a Chase point.
The Chase IHG Transfer Bonus at a Glance
The 80% bonus applies to transfers completed through 11:59 PM ET on December 3, 2026. There is no registration and no cap on the bonus, and transfers are permanent, so only transfer points once you have an award locked in.
Two pieces of fine print carry over from the earlier window and still matter. First, base points typically land in your IHG account within hours, but Chase’s terms allow up to 7 days for the bonus portion to post. If you need the full 1,700 to book something, do not assume the whole balance appears at once. Second, transfers are one way and permanent. Once your Ultimate Rewards become IHG points, there is no reversal.
What IHG Points Are Actually Worth
IHG runs fully dynamic award pricing with no award chart, so an IHG point is worth whatever the spread between the cash rate and the points rate happens to be on your specific dates at your specific property. There is no program-wide answer.
There is, however, a floor. IHG sells points outright at 0.5 cents apiece during its recurring 100% buy points sales, and it has run six of these in 2026 alone.
That 0.5 cent figure is the number that should govern this entire decision. You should never spend a more valuable currency to acquire points you can buy outright for half a cent.
The Math At 80%: When This Transfer Wins And When It Loses
Your baseline for Ultimate Rewards is 1 cent per point as cash back, guaranteed, with zero effort and zero risk. Any transfer landing below that is a losing trade by definition.
Start at the program floor. Transfer 1,000 Ultimate Rewards points and you receive 1,800 IHG points, which are worth $9.00 at the 0.5 cent purchase price. That is 0.90 cents per Chase point, and it is below the cash-back floor. Speculative transfers during this window are not a close call. They lose.
Now run real properties. The InterContinental New York Times Square can price as low as 55,000 points a night, with a cash rate around $291. That is $291 in cash value against 30,556 Ultimate Rewards points, or 0.95 cents per point. That is worse than cash back, and worse than what you’d get by booking in Chase Travel (assuming the hotel isn’t overpriced on there).
The Kimpton® Seafire Resort + Spa in Grand Cayman is where the math turns. It prices fairly consistently at 70,000 points per night while the cash rate for the same room swings between roughly $600 and $1,400 across the year. At 80%, a night costs 38,889 Ultimate Rewards points. On a $600 night that returns 1.54 cents per Chase point, which is fine but not compelling. On a $1,400 night it returns 3.60 cents per Chase point, which is a real win. There is only one variable that matters, and it is not the transfer bonus — it is the cash rate on your dates.
The entire difference between those two outcomes is the cash rate, not the points rate. That is the whole game with IHG.
The Fourth Night Free Stack
If you hold the IHG One Rewards Premier® Credit Card, the IHG One Rewards Premier Business® Credit Card, or the IHG One Rewards Traveler® Credit Card, you get the fourth night free on award stays, and dynamic pricing means the free night can be the most expensive one in the stay.
Stack that on the Seafire scenario. Four peak nights at 70,000 points would normally run 280,000 points, but a cardholder books all four nights for 210,000 points. Through the 80% transfer bonus, that is 117,000 Ultimate Rewards points (210,000 ÷ 1.8 = 116,667, rounded up to the next 1,000-point increment). The cash rate for those four nights can reach $5,600, which works out to 4.8 cents per point on 117,000 Ultimate Rewards points. Even at $600 cash rates, the stack returns 2.05 cents per point, comfortably above both the portal rate and your cash back floor.
This stack is the single best use of this promotion, and it is only available if you already hold one of the IHG cards. Also remember that transferred points do not count toward elite status, so do not plan on this transfer moving you up a tier.
Who Should Skip This
Skip this transfer if you do not have a specific award already priced out on specific dates, because at 0.90 cents per point at the floor, a speculative transfer is a guaranteed loss versus cash back.
Skip it if you are eligible for a 100% IHG buy points bonus and have room under the annual cap, because buying IHG points outright at 0.5 cents each is cheaper than spending Chase points at 0.90 cents per point. That is not a hypothetical: LoyaltyLobby reports an active IHG sale that runs through August 17, 2026. If you log in and see 0.5 cents per point, buy the points and keep the Chase points for a partner where they clear 1 cent. We have not independently verified the sale, and IHG’s offers are frequently targeted, so log in and check.
Skip it if your target property prices the way the Times Square example does, where the points rate is low and the cash rate is low, because at 0.95 cents per point you are still giving up value versus cash back.
Skip it if you need points to book in the next few days, since the bonus portion can take a week to post. And skip it if you were hoping this would help with IHG status, because transferred points are not elite qualifying.
This one is for cardholders stacking the fourth night free on a dated, priced, verified peak-rate redemption. That is a genuinely small group, and if you are not in it, keep your Ultimate Rewards where they are flexible.
How to Transfer Chase Points to IHG
Log in to your Chase account, open the Ultimate Rewards portal for your card, and select the option to transfer points to travel partners. Choose IHG One Rewards, link your loyalty account if you have not already, and enter the amount in increments of 1,000. You must be enrolled in IHG One Rewards before you transfer, and you can join for free on IHG’s site if you are not a member yet. The base points typically land quickly, and the bonus points follow within 7 days.
Before you hit confirm, do the division one last time. Cash rate on your dates, divided by the Ultimate Rewards you are about to spend after the bonus. If that number does not comfortably beat what your card pays you through the portal, close the tab and keep your points where they are flexible.
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