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United is offering a pretty decent transfer bonus on points transferred from IHG Rewards Club. Until June 30th, when you convert 10,000 IHG points, you’ll get 3,000 United Miles. There are often opportunities to grab IHG points for around 0.5c each (including through a promotion going on right now), which would translate to 1.67c per United mile. While that’s more than our Reasonable Redemption Value for United miles, it’s certainly possible to get more value than that out of your miles. As always, we have added this to our Current point transfer bonuses resource page.
- Convert 10,000 IHG Rewards points to United and get 3,000 United miles (the normal conversion is 10K:2K)
- Direct link to this promotion
- Minimum transfer is 10,000 IHG points
- Transfer can take 4-6 weeks to post to your United account
This isn’t such a slammin’ deal that you should rush out and buy points speculatively, but it’s certainly possible to get a pretty good value out of United miles at this price. It’s a particularly good way to top off an account if you are close to an award. While United is a Chase Transfer Partner, you may prefer holding your Chase points for a more valuable use. Further, we’ve seen some opportunities to grab IHG points for as little as 0.43c each over the past year. If you loaded up during a time when points were available that cheaply, your cost per mile here would be about 1.43c each, which is probably as good as it gets in terms of buing United miles.
Here is a link to the current IHG promotion to buy points43c with a 100% bonus (which would put them as low as 0.5 cents each). Again, see our Current point transfer bonuses resource page for this and other current bonuses available.
H/T: Loyalty Lobby