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How Long Do Amex Membership Rewards Points Transfers Take?
How Long Do Chase Ultimate Rewards Points Transfers Take?
How Long Do Citi ThankYou Points Transfers Take?
How Long Do Starwood Preferred Guest Points Transfers Take?
If you’re collecting miles & points through credit card spend, I always recommend doing what you can to accrue transferrable points currencies. That’s because these points are much more flexible than when you’re earning an individual airline or hotel points currency. You have the flexibility to transfer these points to all kinds of travel partners, and you’re safeguarded from a devaluation in a specific points currency.
With that in mind, I’m writing a series about the three major transferrable points currencies — Amex Membership Rewards, Chase Ultimate Rewards, and Citi ThankYou — talking about how long it takes to transfer points, along with the other basic details you need to know about transferring points. Yesterday I wrote about Amex Membership Rewards, so today I’m writing about Chase Ultimate Rewards.
How many airline and hotel partners does Chase Ultimate Rewards have?
As of now, Chase Ultimate Rewards has 13 airline and hotel transfer partners — that includes nine airline partners and four hotel partners.
How long does it take to transfer Chase Ultimate Rewards points?
Below is a chart with how long it typically takes to transfer Ultimate Rewards points:
|Ultimate Rewards Transfer Partner||Transfer Ratio||Transfer Time|
|Aer Lingus Aer Club||1000 : 1000||Instant|
|Air France KLM FlyingBlue||1000 : 1000||Instant|
|British Airways Executive Club||1000 : 1000||Instant|
|Iberia Plus||1000 : 1000||Instant|
|Korean Air SkyPass||1000 : 1000||Instant|
|Singapore Airlines KrisFlyer||1000 : 1000||~ 12 to 24 hours|
|Southwest Rapid Rewards||1000 : 1000||Instant|
|United MileagePlus||1000 : 1000||Instant|
|Virgin Atlantic Flying Club||1000 : 1000||Instant|
|IHG Rewards Club||1000 : 1000||~ 1 to 2 days|
|Marriott Rewards||1000 : 1000||~ 1 to 2 days|
|Ritz-Carlton Rewards||1000 : 1000||~ 1 to 2 days|
|World Of Hyatt||1000 : 1000||Instant|
As you can see, transfers to all but four partners are typically instant, and even the partners that aren’t instant process points transfers within a couple of days.
Are there fees associated with transferring Chase Ultimate Rewards points?
Nope, there are no fees associated with transferring Chase Ultimate Rewards points. This is one advantage of Chase Ultimate Rewards over Amex Membership Rewards, since Amex imposes small fees when you transfer points to their U.S. airline partners.
Can you transfer Chase points to someone else’s Chase account?
Chase lets you pool the points you earn on all cards in your name that accrue Ultimate Rewards points. On top of that, you can move your points to another Chase account of someone in your household. Do note that if you abuse this benefit, Chase may close your account. Here are the terms associated with that:
You can move your points, but only to another Chase card with Ultimate Rewards belonging to you, or one member of your household. If we suspect that you’ve engaged in fraudulent activity related to your credit card account or Ultimate Rewards, or that you’ve misused Ultimate Rewards in any way (for example by buying or selling points, moving or transferring points with or to an ineligible third party or account, or repeatedly opening or otherwise maintaining credit card accounts for the sole purpose of generating rewards) we may temporarily prohibit you from earning points or using points you’ve already earned. If we believe you’ve engaged in any of these acts, we’ll close your credit card account and you’ll lose all your points.
Can you transfer Chase points to someone else’s airline or hotel accounts?
You can transfer your points in 1,000 point increments to a loyalty program belonging to you, or one additional household member who is also listed as an authorized user on your card. Once you transfer points to an authorized user, that person will be the only authorized user eligible to receive points transfers.
What cards earn Chase Ultimate Rewards points?
Some of the best cards for earning Chase Ultimate Rewards points include the following:
- The Chase Sapphire Preferred® Card offers 2x points on dining and travel; the card has a $95 annual fee, waived the first year
- The Chase Sapphire Reserve® offers 3x points on dining and travel, plus a $300 annual travel credit; the card has a $450 annual fee
- Ink Business Preferred℠ Credit Card offers 3x points on the first $150,000 spent in combined purchases annually on travel, shipping purchases, internet, cable, and phone services, advertising purchases made with social media sites and search engines; the card has a $95 annual fee
On top of that, the following three no annual fee cards earn points that can be converted into Ultimate Rewards points at a 1:1 ratio in conjunction with one of the above cards:
- The Chase Freedom® Card offers 5x points in rotating quarterly categories, on up to $1,500 of spend per quarter; the card has no annual fee
- The Chase Freedom Unlimited® offers 1.5x points on everyday spend; the card has no annual fee
- The Ink Business Cash℠ Credit Card offers 5x points on the first $25,000 spent in combined purchases each anniversary year on cellular phone, landline, internet and cable TV services, plus 2x points on the first $25,000 spend in combined purchases each anniversary year on gas stations and restaurants; the card has no annual fee
Note that you can earn the sign-up bonus on each of the above cards, and pool all those points towards one Ultimate Rewards account. However, the biggest restriction in getting approved for the above cards is Chase’s 5/24 rule, where they typically won’t approve you for one of those cards if you’ve opened more than five card accounts in the past 24 months.
Redeem Chase Ultimate Rewards points for travel in Korean Air first class
Should you transfer Chase points to travel partners?
In general the best use of Chase Ultimate Rewards points is to convert them into airline miles or hotel points. Specifically, my favorite transfer partners are British Airways Executive Club, Korean Air SkyPass, Singapore Airlines KrisFlyer, United MileagePlus, and World of Hyatt. However, you only want to do this once you’ve figured out the award you want to book, have verified availability, and are sure you understand how that program works.
If you’re someone who prefers to redeem your points as cashback towards travel, be sure you at least maximize the value. You get different value out of the points depending on the most premium card you have:
- If you have the Chase Sapphire Reserve®, you can redeem each point for 1.5 cents towards a travel redemption
- Otherwise, if you have the Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card, you can redeem each point for 1.25 cents towards a travel redemption
Personally I value Chase Ultimate Rewards points at ~1.7 cents each, so this isn’t how I’d choose to redeem them. That being said, if you can get 1.5 cents of value per point, that’s not half bad. Especially if you have the Chase Freedom Unlimited® in addition to the Reserve. It offers 1.5 points, so at a redemption value of 1.5 cents per point, that’s like a return of 2.25% on everyday, non-bonused spend.
Chase Ultimate Rewards are one of the all around most valuable points currencies out there. Chase Ultimate Rewards has some great transfer partners, and some might find it worthwhile to redeem the points for 1.5 cents each towards a travel purchase.
On top of that, the points are pretty easy to rack up thanks to all the great cards that accrue Ultimate Rewards points.