Chase Ultimate Rewards is dangling a 70% bonus when you transfer your points to IHG One Rewards. Sounds great, right? Normally, 1,000 Chase points get you 1,000 IHG points, but with this promo, you'd get 1,700 IHG points.

Here's the catch: this deal probably isn't worth it. IHG frequently sells points for around 0.5 cents each, and you can often snag even better deals if you keep an eye out. Transferring Chase points at this rate effectively values your Chase points lower than you normally would want.

The bottom line? While a 70% bonus sounds impressive, do the math before you jump. You're likely better off purchasing IHG points directly when a sale pops up, preserving your valuable Chase Ultimate Rewards points for redemptions with potentially higher value, like transferring to airline partners for award flights!