Chase has launched new transfer bonuses. Right now, transfers to IHG come with a 70% bonus, which works out to a 1:1.7 transfer ratio. However, from a valuation perspective, UR points are worth at least 1.25 cents each, while IHG points are worth at most 0.5 cents each, so we still do not recommend this transfer.

There is also a 20% bonus for transfers to AC, which may be worth considering.