Today, Chase launched a 65% transfer bonus to Marriott Bonvoy, meaning you’ll get 1.65 Bonvoy points for every Ultimate Reward point that you transfer until May 15th.
Chase runs transfer bonuses to Marriott Bonvoy a couple of times each year, but they’re usually in the 20%-50% range. This is just shy of the best Chase-Marriott transfer bonus we’ve ever seen: 70%.
The Deal
- Get a 65% bonus when transferring Ultimate Rewards to Marriott Bonvoy.
- Expires May 15th, 2026
Key Terms
- Get 65% Bonus Marriott Bonvoy points when you transfer Ultimate Rewards points between 12:00 AM ET on May 1, 2026, and 11:59 PM ET on May 15th, 2026.
- Bonus points will be awarded by Marriott Bonvoy in your Marriott Bonvoy account when your transfer is complete. Promotional offer terms and conditions apply.
- All Ultimate Rewards points transferred to your Marriott Bonvoy® account will be subject to the Terms and Conditions of Marriott Bonvoy® and cannot be transferred back to your Chase Ultimate Rewards account.
Quick Thoughts
A 65% transfer bonus rate sounds very compelling… and it has been historically. However, this will most likely still be a suboptimal redemption for most folks. Our Reasonable Redemption Values (RRV) pegs Marriott points at 0.77 cents each, so even after you account for the bonus, you’re still getting ~1.3 cents of average value per Ultimate Reward (UR) point.
Having said that, for folks who “cherry pick” rewards, our analysis showed that the top 25% of redemptions average 0.91 cents per point or better, a value which would bring the transfer bonus up to ~1.5 cents per UR – almost the same as our RRV for Ultimate Rewards.
Because of Marriott’s labyrinthine rules governing who’s eligible for the welcome bonus on a new card, many folks can find themselves in a position where it’s difficult to quickly earn large amounts of Marriott points. If you just need to top up your Marriott account for a specific high-value redemption, or if you have a bunch of Ultimate Rewards and consistently get very high value for your Bonvoy points, a 65% transfer bonus could be worth considering. Still, it’s not going to be one of the most valuable ways to use UR points.
One oft-forgotten feature of Marriott Bonvoy is that it allows transfers to a wide variety of airline programs, including some that don’t partner with Ultimate Rewards, such as American, Alaska, and Japan Airlines. The ratio is 3-1, but for most airlines, you get a 5,000-mile bonus for every 60,000 Bonvoy points that you transfer, or 60,000 Bonvoy points – 25,000 airline miles. The 65% transfer bonus means that you could indirectly access these programs from Chase at around a 1.0 – 0.65 transfer ratio. Again, this isn’t great in comparison to all of Chase’s 1-1 transfer partners, but if you have a boatload of UR and need JAL or Alaska miles, it might be worth the premium.
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“…this isn’t great in comparison to all of Chase’s 1-1 transfer partners, but if you have a boatload of UR and need JAL or Alaska miles, it might be worth the premium.”
The word “might” is doing a lot of heavy lifting there.