Chase Ultimate Rewards 50% Transfer Bonus to Marriott Bonvoy: Is It Worth It?
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Chase Ultimate Rewards is offering card members a 50% bonus when transferring points to Marriott Bonvoy until September 30, 2023. While this may seem like a tempting offer, it’s essential to evaluate whether it’s a good deal based on your travel plans and redemption preferences.
50% Transfer Bonus From Chase Ultimate Rewards Points to Marriott Bonvoy
The Transfer Promotion
During this promotion, for every 1,000 Chase Ultimate Rewards points transferred, you’ll receive 1,500 Marriott Bonvoy points, representing a 50% bonus. This bonus will be credited to your Marriott Bonvoy account after the transfer is complete.
The Value Proposition
Marriott Bonvoy points are generally considered less valuable compared to some other transfer partners. Despite the 50% bonus, the redemption rate is still not exceptional.
|Loyalty Program||~ Value (cents/point)||Value of 1k / 50k / 100k Points|
|Chase – Ultimate Rewards Points||2.0||$20 / $1,000 / $2,000|
|Marriott Hotels – Marriott Bonvoy Points||1||10$ / $500 / $1,000|
Recent redemptions by AwardWallet users suggest that Marriott Bonvoy points are worth around 1¢ each, meaning you get $15 in value for every 1,000 Chase Ultimate Rewards points transferred (or 1.5 cents per point). While not terrible, other transfer partners may offer better value.
When It Might Make Sense
This 50% transfer bonus could be useful in specific situations. If you find a great redemption opportunity for a Marriott property where the cash rate is high but the points rate is relatively low, it might be worth considering.
Transferring 14,000 Chase points to book a 20,000-point Marriott stay might be a good option.
Example of booking, cost 20k-point Marriott – 3 nights at AC Hotel Algeciras (Algeciras, Spain)
Additionally, topping up your Marriott Bonvoy account with a small amount of Chase points to reach a significant award milestone, like a 5-night redemption, could be advantageous.
Consider Hyatt as an Alternative
For those seeking better value for their Chase Ultimate Rewards points, transferring to Hyatt might be a more attractive option. Hyatt points are valued at around 2.22¢ per point, making it a better choice even without a transfer bonus. Furthermore, Hyatt allows a 1:1 transfer ratio with Chase.
While the 50% transfer bonus from Chase to Marriott Bonvoy might seem enticing, it’s crucial to assess your redemption goals and explore other transfer options. Marriott Bonvoy points are not always the best choice for high-value redemptions, especially with dynamic award pricing. If you have specific Marriott redemptions in mind or need to top up your account for a valuable stay, taking advantage of the transfer bonus could make sense. Otherwise, exploring alternatives like Hyatt might provide better value for your Chase Ultimate Rewards points.
The promotion lasts until September 30, 2023, so consider your options carefully before making a decision.
What is your opinion on the Chase transfer bonus to Marriott?