Chase is running a 100% transfer bonus on Ultimate Rewards points converted to IHG One Rewards points through 11:59 p.m. ET on July 30, 2026, then stepping down to a 70% bonus through August 31, 2026. That means 1,000 UR points become 2,000 IHG points during the 100% window. The short answer: unless you already have a specific IHG redemption picked out, skip this one. IHG’s average redemption value runs roughly 0.5 to 0.66 cents per point across current independent analyses, so even doubled, you’re getting somewhere around 1.1 to 1.3 cents of value per UR point, below what most Chase cardholders get transferring to airline partners or Hyatt instead.

What’s Actually on Offer

• 100% bonus: through 11:59 p.m. ET, July 30, 2026 (1,000 UR → 2,000 IHG points)
• 70% bonus: July 31 through August 31, 2026 (1,000 UR → 1,700 IHG points)
• Minimum transfer: 1,000 UR points
• Timing: transfers process in about 5 hours; bonus points typically post within 2 days
• Who’s eligible: Chase Sapphire Preferred, Chase Sapphire Reserve, or any Ultimate Rewards-earning card that transfers to travel partners

Transfers are irreversible once submitted, so don’t move points speculatively hoping to find a redemption later. Have the award booking priced and ready before you transfer.

The Math That Matters: Is This Actually Good Value?

IHG One Rewards points are worth roughly 0.5 to 0.66 cents each on average redemptions, based on current independent point-valuation analyses of typical award-night pricing across the portfolio. Doubling that value through the 100% bonus gets you to somewhere around 1.1 to 1.3 cents per UR point transferred. That sounds reasonable in isolation, but compare it to what the same UR points are worth elsewhere:

At best, the IHG bonus lands roughly in line with the plain Chase Travel portal redemption for Sapphire Preferred holders, and only if you actually book an IHG stay you’d have paid for anyway. Against a well-chosen airline or Hyatt transfer, it doesn’t compete. IHG’s own top-tier properties (Six Senses, Regent, some InterContinental flagships) can occasionally clear 1 to 1.3 cents per point on strong sweet-spot redemptions, but those require specific dates and specific hotels, not a “transfer now, figure it out later” approach.

When This Offer Actually Makes Sense

Skip the generic “act now” framing. This transfer bonus is worth taking in a narrow set of cases:

• You already have an IHG stay priced out (property, dates, points cost) and the cash price makes the points redemption a clear win
• You hold IHG One Rewards Premier or Traveler elite status and get extra perks (like a room upgrade or free breakfast) baked into an award stay that add real value beyond the points
• You’re topping off an IHG balance that’s just short of what a specific redemption requires

If none of those apply to you today, the honest move is to leave your UR points where they are. They don’t expire as long as your Chase card account stays open, and a better transfer-partner bonus (Hyatt, United, or a stronger airline promotion) tends to show up within a few months.

What IHG One Rewards Actually Covers

IHG’s portfolio spans 19 brands, from budget-friendly Holiday Inn Express and Candlewood Suites up through Crowne Plaza, Hotel Indigo, Kimpton, InterContinental, and the ultra-luxury Regent and Six Senses properties. That range matters for this offer: the 0.5 to 0.66 cent average redemption value blends cheap award nights at midscale properties with rare, high-value nights at flagship luxury hotels. If your idea of an IHG redemption is a Holiday Inn Express near an airport, you’ll land at or below that average. If you’re eyeing a well-priced award night at a higher-end property, including one boosted by IHG’s fourth-night-free benefit on stays of four nights or more, you can push closer to 1 to 1.2 cents per point, which is where the 100% bonus starts to pay off. Know which end of that range your redemption falls into before you transfer.

A Worked Example

Say you’ve found an IHG award night priced at 30,000 points, and the same room costs $300 cash on the hotel’s site, a solid 1 cent per point redemption. At the standard 1:1 transfer ratio, you’d need 30,000 UR points, and 30,000 UR points redeemed through the Chase Travel portal at 1.25 cents (Sapphire Preferred) would be worth $375, more than the $300 cash price. The IHG redemption looks like a mediocre use of your UR points on its own. Now apply the 100% bonus: you only need 15,000 UR points to generate the 30,000 IHG points, and those same 15,000 UR points are worth $187.50 through the Chase Travel portal. You’re now getting a $300 room for $187.50 worth of portal-equivalent point value, a real win, and one the standard transfer ratio couldn’t deliver. This is the kind of side-by-side math worth running before you transfer, not after.

How to Transfer

1. Log into your Chase Ultimate Rewards account (through the Sapphire Preferred, Sapphire Reserve, or Ink Preferred card that holds your points)
2. Go to the “Transfer to Travel Partners” section and select IHG One Rewards
3. Link your IHG One Rewards account number if you haven’t already
4. Enter the transfer amount (1,000 UR minimum) and confirm; the 100% or 70% bonus applies automatically based on the transfer date
5. Wait roughly 5 hours for the base transfer, then up to about 2 days for the bonus points to post before booking

Key Nuances

• Two windows, don’t confuse them: 100% runs through July 30; a smaller 70% bonus continues from July 31 through August 31. If you miss the 100% window, the 70% window (1,000 UR → 1,700 IHG) is still live but a weaker deal, roughly 0.85 to 1.1 cents per UR point at IHG’s 0.5 to 0.66 cent average value.
• Minimum transfer is 1,000 UR points. You can’t test the water with a smaller amount.
• Only Ultimate Rewards-earning cards qualify. Points earned on Chase’s cash-back-only cards (Freedom Flex, Freedom Unlimited) can’t transfer directly unless pooled into a Sapphire Preferred, Sapphire Reserve, or Ink Preferred account first.
• Processing time: transfers typically complete in about 5 hours, with bonus points posting within roughly 2 days, so this isn’t useful for a same-day booking emergency.

Bottom Line

A 100% transfer bonus sounds dramatic, but the underlying math only gets IHG points to roughly 1.1 to 1.3 cents each, which trails what the same Ultimate Rewards points are worth through a well-chosen airline or Hyatt transfer. Only move points here if you already have a specific IHG redemption priced out and ready to book before July 30. Otherwise, hold your points and wait for a stronger opportunity.

FAQ

Q: How much bonus do I get if I transfer 10,000 UR points during the 100% window?
A: You’d receive 20,000 IHG One Rewards points, double the standard 1:1 transfer ratio.

Q: What happens if I transfer after July 30?
A: From July 31 through August 31, 2026, the bonus drops to 70%, meaning 1,000 UR points become 1,700 IHG points instead of 2,000.

Q: Can I transfer Chase Freedom Flex or Freedom Unlimited cash-back points directly to IHG?
A: No. Those cards earn Ultimate Rewards that can only be redeemed for cash back or gift cards on their own. To transfer to IHG, the points need to be pooled into a Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred account first.

Q: Is IHG a good use of Ultimate Rewards points in general?
A: It’s usually one of the weaker transfer options compared to airline partners or World of Hyatt, since IHG’s average redemption value is lower. It becomes competitive mainly during bonus windows like this one, and only when you have a specific, well-priced redemption in mind.

Q: Do transferred points expire?
A: Once transferred, points follow IHG One Rewards’ own expiration rules, which are typically tied to account activity. Ultimate Rewards points themselves don’t expire as long as your Chase card account remains open, so there’s no rush to transfer speculatively.