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New offer: The IHG Rewards Club Select Credit Card is a great way to pad your IHG balance with 70,000 points after $2,000 spent within the first 3 months.

TPG Twitter follower Saianel has a question about transferring Chase Ultimate Rewards points:

@thepointsguy do you recommend transferring points earned with Chase Ink Plus to any specific hotels ahead of time?”

The answer is no. The beauty of Chase points is that they transfer instantly to most of their partners (sometimes IHG Rewards/Priority Club takes a day or two), and what’s great about that is knowing that you can transfer to any of the ten partners depending on your needs.

The one exception I’d note is if a program is going to devalue their awards and you want to book awards before they do that. For instance, Hyatt is devaluing its award chart in January by creating a new top-tier category and raising the award points requirements on some categories, and I know a lot of people are trying to book their awards before those changes come into effect. So it might make sense to transfer points now and book some stays at the pre-devaluation levels that might make sense.

Chase has four great hotel partners.
Chase has four great hotel partners.

You should always have a specific booking in mind, though. I don’t recommend just transferring points – whether it’s Amex or Chase – randomly into programs. If you have Starwood Preferred Guest points, transfer times can turn into weeks in some cases, so the downside there is that you could find amazing award availability, transfer your points to your airline account then sit around for days on end waiting for the miles to show up and when they do, that award has disappeared.

However, in general, you shouldn’t transfer your transferable points until you have a booking in mind, and certainly not with Chase since those transfers go through instantly for the most part, especially to Hyatt.

For more information, check out these posts:
The Ultimate Guide to Chase Ultimate Rewards Airline Transfers
Ranking the Chase Ultimate Rewards Transfer Partners
Ranking the Top Chase Travel Credit Cards
Why I Love Chase Ultimate Rewards
Top 10 Ways To Maximize Each Ultimate Rewards Transfer Partner

Chase Sapphire Preferred® Card

With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
5.00%
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.