Chase Ultimate Rewards just dropped a 100% transfer bonus to IHG One Rewards. Transfer 10,000 points from Chase and they land as 20,000 IHG points. The effective cost of every award night just got cut in half, turning what were once "maybe if you're desperate" redemptions into legitimate steals at InterContinental properties that routinely go for $800+ a night.
The bonus runs through July 31, 2026—about two weeks from now. Don't sit on this. IHG's dynamic pricing means the points you see today could jump tomorrow, but the math still heavily favors you while this lasts. Transfer only what you'll use soon; IHG points don't expire as long as your account is active, but why risk it?[[1]](https://awardtravelhub.com/intercontinental-hotel-rewards-program-2026/)
Best plays right now target the Mediterranean and Asia. Look at InterContinental hotels in Greece, southern Italy, and coastal Spain where summer demand meets variable pricing that hasn't fully caught up. Properties like the InterContinental Athens or Malta often price in the 50,000–70,000 IHG point range. With the bonus, that's effectively 25,000–35,000 Ultimate Rewards points per night for rooms that cash out at $600–$1,000. Not bad for a spot where the alternative is fighting for lounge chairs at a public beach.[[2]](https://upgradedpoints.com/travel/hotels/best-ihg-luxury-hotels-to-book-with-points/)
In Asia, the value gets even sillier. InterContinental Danang Sun Peninsula in Vietnam, the flagship in Bangkok, or lesser-known gems in Kuala Lumpur and Bali routinely show 40,000–60,000 points. Halved to 20,000–30,000 Chase points, you're looking at 1.5–2.5 cents per point when cash rates hit $400–$700. These aren't the overpriced Maldives overwater villas (save those for when you have a suitcase full of points); these are places you'd actually book for a real trip.
Six Senses and Regent properties push higher—70,000–100,000+ points—but the bonus still makes a week in Thailand or Bhutan feel like you hacked the matrix. Search for shoulder dates in September or October if peak summer is booked solid. Availability is decent if you're flexible.
The cherry on top: IHG's 4th night free benefit applies to these bookings. Hold an IHG One Rewards Premier credit card (or be a high-tier elite) and a four-night stay costs the price of three. With the transfer bonus, a $3,000 cash trip in the Greek islands could run you around 60,000–75,000 Chase points total. That's the kind of arbitrage that makes points nerds insufferable at dinner parties.[[1]](https://awardtravelhub.com/intercontinental-hotel-rewards-program-2026/)[[3]](https://frequentmiler.com/ihg-rewards-complete-guide/)
PointBreaks inventory—the rotating list of properties at 5,000–15,000 points—still exists but skews toward Holiday Inns in secondary cities right now. The real juice is in standard luxury awards where cash rates remain stupid. Check the current list anyway; every few months a decent InterContinental sneaks in at 20,000 points.
Current IHG promotions stack nicely too. The summer "Pick Your Points" offer runs through August 31, though it's focused on earning during paid stays. More relevant are periodic 15% off award discounts for cardholders on shorter stays and new-property deals. Transfer, search, and book before the bonus vanishes. IHG has been generous with these lately, but nothing lasts forever.
Bottom line: If you have Chase points gathering dust and a Mediterranean or Asian trip on the horizon, transfer today. The window is short, the value is outsized, and these properties rarely feel this accessible. Stop reading articles and go lock in some dates.
Action item: Log into your Chase account, transfer only the points you need for confirmed award searches, and book 4+ night stays at InterContinental properties in Greece, Italy, Thailand, or Vietnam before July 31.
