Last updated: October 1, 2026
Seventy percent sounds like found money. It is not. From September 15 through October 15, 2026, Chase Ultimate Rewards transfer to Marriott Bonvoy at 1,000 points to 1,700 Bonvoy points instead of the usual 1,000 to 1,000. That is the richest version of a promo that shows up a few times a year, usually somewhere between 40% and 70%. It is still a pass for almost every balance that does not already have a room attached to it.
Marriott points are the cheap currency in this pair. Ultimate Rewards are not. Multiplying a weak point by 1.7 does not turn it into a Hyatt point or a business-class mile. Transfer only to top off a stay you have already priced and can book. Everyone else should leave the points at Chase.
Before you move points: Run your spending through the credit card optimizer. A transfer bonus does not fix a wallet that should be earning a different currency.
The promo, without the fluff
The bonus is real, it is unlimited, and it is one-way. Marriott awards it. Chase does not bake 1,700 into the transfer ratio you see at the moment you click.
| Detail | What you actually get |
|---|---|
| Window | September 15, 2026 through October 15, 2026 |
| Deadline | 11:59 p.m. ET on October 15, 2026 |
| Who | Ultimate Rewards balances eligible to transfer to partners |
| Base ratio | 1,000 UR → 1,000 Bonvoy |
| Bonus ratio | 1,000 UR → 1,700 Bonvoy |
| How it posts | Base transfer is usually instant. Marriott adds the 70% later, and it can take up to 7 days |
| How many times | Unlimited |
| Direction | One-way. Marriott will not send them back |
| Registration | None called out in the published terms. Transfer inside the window |
Partner transfers require a card that unlocks them: Sapphire Preferred, Sapphire Reserve, Sapphire Reserve for Business, or Ink Business Preferred. Freedom and Ink Cash balances have to be combined into one of those cards first. Confirm the cutoff on your own transfer screen before you submit anything on the last evening. A clock that still says October 15 is the one that matters for your account.
The Chase screen will still say 1:1
This is the trap. Because the bonus is awarded on Marriott’s side, the Chase transfer page can keep showing 1,000 Ultimate Rewards → 1,000 Bonvoy while the promo is live. That display is the base ratio. It is not proof the offer missed your account.
What should happen:
- You transfer during the window.
- The base Bonvoy points land, usually right away.
- Marriott posts the extra 70% in the same Bonvoy account, and that leg can take up to seven days.
Do not fire a second transfer because the first one “only” showed 1:1. You will have moved twice as many Ultimate Rewards as the stay required, and both bonuses will still be on Marriott’s clock. If a transfer hangs, wait until it resolves.
If the booking needs the bonus points, you cannot book the moment the base points arrive. You are waiting on Marriott, for as long as seven days, and the award has to still be there when the bonus posts. If the base transfer alone covers the night, book as soon as those points are in the account and let the bonus show up as leftover.
The only transfer table you need
The bonus is 70% more Bonvoy points. You need about 59% as many Ultimate Rewards for the same award, because 1 ÷ 1.7 is roughly 0.59. Chase moves points in 1,000-point increments, so round the transfer up to the next thousand and stop.
| Ultimate Rewards transferred | Bonvoy at 1:1 | Bonvoy with the 70% bonus | Extra Bonvoy points |
|---|---|---|---|
| 10,000 | 10,000 | 17,000 | 7,000 |
| 25,000 | 25,000 | 42,500 | 17,500 |
| 50,000 | 50,000 | 85,000 | 35,000 |
| 100,000 | 100,000 | 170,000 | 70,000 |
Those are the receipts. They are not a reason to move 100,000 points. A 100,000-point Ultimate Rewards balance is a serious airline stash or a serious Hyatt stash. At this ratio it becomes 170,000 Bonvoy points, which Marriott’s dynamic pricing can burn through on a short luxury stay or barely dent, depending on the week. You do not get to choose which one you bought until the hotel is on the screen.
Here is the cash the stay has to save you, after the resort or destination fee you still pay, before this transfer beats holding the Ultimate Rewards for a better redemption:
| Ultimate Rewards transferred | Bonvoy you receive | Cash the stay must save to beat 1.7¢ per UR | Cash the stay must save to beat 2.0¢ per UR |
|---|---|---|---|
| 10,000 | 17,000 | $170 | $200 |
| 25,000 | 42,500 | $425 | $500 |
| 50,000 | 85,000 | $850 | $1,000 |
| 100,000 | 170,000 | $1,700 | $2,000 |
“Cash saved” means the money you no longer spend on the room, minus fees the award does not wipe out. If that number is under the column you believe, you are donating the points.
Why 70% still usually loses
Use the valuations people are actually planning with in 2026, not the percentage in the headline.
- Ultimate Rewards, spent on a real partner redemption, are worth about 1.7¢ to 2.0¢ each. Some published September 2026 valuations put them a notch higher, around 2.05¢, because of Hyatt and the airline partners.
- Bonvoy points are worth about 0.7¢ to 0.75¢ each. A reasonable-redemption figure around 0.73¢ sits in the same band.
Multiply the Bonvoy side by 1.7:
| Bonvoy value | What 1.7 Bonvoy points are worth | Gap versus UR at 1.7¢ | Gap versus UR at 2.0¢ |
|---|---|---|---|
| 0.70¢ | 1.19¢ per UR transferred | 0.51¢ left on the table | 0.81¢ left on the table |
| 0.75¢ | 1.275¢ per UR transferred | 0.425¢ left on the table | 0.725¢ left on the table |
Call the result about 1.2¢ to 1.3¢ per Ultimate Rewards point. That beats cashing the points out at a penny. It does not beat the job Ultimate Rewards were built for.
Chase Travel is the other floor, and it is already close to this bonus. Sapphire Preferred redemptions through Chase Travel are about 1.25¢. Sapphire Reserve is about 1.5¢. Confirm the rate your account shows. On those numbers, 10,000 Ultimate Rewards are $125 in the Preferred portal and $150 in the Reserve portal. The Bonvoy bonus has to clear those figures before it is even a conversation, and it has to clear $170 to $200 before it beats a normal partner redemption of the same 10,000 points. Reserve holders are the easiest pass on the page: the portal alone outruns the bonus, and Hyatt at 1:1 is still sitting there.
Airline partners stay at 1:1. United, Air Canada Aeroplan, Flying Blue, British Airways Avios, and Southwest are the default uses of a Chase balance. A speculative Marriott transfer closes those doors. You cannot un-transfer.
Fifth night free helps the stay, not the currency
Marriott still drops the cheapest night when you book five consecutive nights on points. Every member gets it. You do not need status and you do not need the co-brand card. You do still pay the resort fee or destination fee on an award stay, including the free night. Points do not pay the parking, the “destination amenity,” or the tax line those fees drag in with them.
Dynamic pricing means there is no award chart ceiling to hide behind. Price the actual room.
Two illustrations, with round numbers, so you can see when the fifth night changes the answer. These are not live quotes. Pull the real cash rate and the real points rate before you move anything.
A stay that can clear a low bar. Five nights at 40,000 Bonvoy points each. Fifth night free drops one 40,000-point night, so you pay 160,000 Bonvoy for five nights. At this bonus that is 160,000 ÷ 1.7 = 94,118 Ultimate Rewards. In 1,000-point steps you transfer 95,000 and receive 161,500 Bonvoy.
Suppose the paid rate is $350 a night plus a $40 destination fee. Five nights of cash is $1,950. The award still owes $200 in fees. Cash saved: $1,750. That is about 1.09¢ per Bonvoy point and about 1.86¢ per Ultimate Rewards point on the 94,118-point requirement. That beats a 1.7¢ valuation and loses to a 2.0¢ one. It is a possible transfer for someone who does not have a better Chase redemption and already holds most of the Bonvoy points. It is not a reason to empty the account “while the bonus is here.”
A stay that fails in plain sight. Same 40,000-point nights and the same fifth-night-free math: 160,000 Bonvoy, about 94,118 Ultimate Rewards. Cash rate $180 plus a $30 destination fee. Five nights of cash is $1,050. The award still owes $150. Cash saved: $900. That is about 0.56¢ per Bonvoy point and about 0.96¢ per Ultimate Rewards point. You would have been better off taking a penny a point. The 70% bonus and the free night were both in the math, and the transfer still lost.
The test is the cash you actually avoid. A pretty percentage does not survive a soft cash rate.
Buying the points is often the cheaper top-off
Marriott sells points at a list price of 1.25¢. At the start of October 2026 it was also running a targeted sale of up to 55%, good into late November (published end date November 23, 2026). The full 55% bonus prices points near 0.81¢. Not every account is offered 55%. Log in and read the offer before you compare. The sale also raised the annual purchase cap, for people who were targeted, to 200,000 points before the bonus. Do not buy a speculative pile either. Buy the gap for a stay you are about to ticket.
Put the three prices of one Bonvoy point next to each other:
| How you acquire the Bonvoy point | What it costs you |
|---|---|
| This transfer, if Ultimate Rewards are worth 1.7¢ | 1.00¢ of Ultimate Rewards value (1.7 ÷ 1.7) |
| This transfer, if Ultimate Rewards are worth 2.0¢ | about 1.18¢ (2.0 ÷ 1.7) |
| Buying at the 1.25¢ list price | 1.25¢ in cash |
| Buying with a targeted 55% bonus | about 0.81¢ in cash |
If your account shows the 55% sale, paying cash for the points beats transferring across that whole Ultimate Rewards range. A top-off of about 20,000 Bonvoy points is roughly $162 at 0.81¢. Getting those same 20,000 points from Chase means transferring 12,000 Ultimate Rewards (12,000 × 1.7 = 20,400), and those 12,000 points are worth about $204 to $240 at 1.7¢ to 2.0¢. You spent the more valuable currency to save $162.
List-price buying is a closer call. At 1.25¢, buying is slightly more expensive than the transfer’s opportunity cost inside the 1.7¢ to 2.0¢ band (1.00¢ to 1.18¢). That still does not make the transfer good. It means both ways of manufacturing Bonvoy points are mediocre, and the sale is the one that clearly wins when you can see it.
Transfer Ultimate Rewards for the gap only when buying is worse in practice: you are over the purchase cap, your account has no sale, the minimum purchase is clumsier than a 1,000-point transfer, or you have already decided those specific Chase points have no airline or Hyatt future. “I don’t want to spend cash” is a reason. “70% ends Thursday” is not.
A co-brand card earns Bonvoy without setting Ultimate Rewards on fire
The other way to get Marriott points is to earn them as Marriott points. The Marriott Bonvoy Boundless, the mainstream Chase co-brand, publishes 6 points per dollar at Marriott, 3 points per dollar on dining, gas, and groceries up to a combined $6,000 a year, and 2 points per dollar on everything else, plus an anniversary free-night certificate (published as up to 35,000 points). Confirm the earn table before you apply. Rates move.
That card is a hotel card. It is not flexible, and it is not a substitute for Sapphire. The point of mentioning it is narrower: if the trip is a Marriott trip, earning or buying Bonvoy points is the tool. Liquidating Ultimate Rewards to imitate a hotel card throws away United, Aeroplan, Flying Blue, Avios, Southwest, and whatever Hyatt access your Sapphire card still has.
Paid Marriott stays also earn Bonvoy points from the program itself, on top of a co-brand. An award stay generally does not. Run that if you are debating a paid rate that is only a little worse than the points rate once the destination fee is included.
Hyatt getting worse is a different problem
On October 1, 2026, Sapphire Preferred and Ink Business Preferred moved to a 4:3 World of Hyatt transfer: 1,000 Ultimate Rewards become 750 Hyatt points. Sapphire Reserve, including the business version, still transfers to Hyatt at 1:1. We walked through who lost what in the Chase Hyatt 4:3 guide.
Do not “fix” that devaluation by dumping the same points into Bonvoy. The Hyatt cut made one partner worse. It did not make Marriott good. They are different redemptions with different math.
- If you hold a Sapphire Reserve, Hyatt at 1:1 is still one of the best hotel uses of Ultimate Rewards in the market. This Marriott bonus does not replace it.
- If you hold a Sapphire Preferred, Hyatt now costs you 33% more Chase points than it used to. Airline partners did not change. A 4:3 Hyatt transfer on a night where the cash rate is ugly can still beat 1.7 Bonvoy points. Read the cash rate. Do not assume the new Hyatt ratio loses to this promo just because 70 is a bigger number than the haircut you just took.
People repeat this mistake every time a program blinks. Something valuable got worse, so a loud bonus on a weaker program starts to look like a plan. It is a reaction, not a redemption.
When to transfer
Move Ultimate Rewards only when all four of these are true:
- The room is already priced and bookable. A specific hotel, specific dates, a points price on the screen, and a cash rate next to it. “We usually stay at Marriotts” is not a booking. Marriott’s prices move. A balance sitting in Bonvoy does not lock last Tuesday’s rate.
- The cash rate beats the points after the fees. Subtract the resort fee or destination fee you will still pay. Then check the result against the table above: more than $170 of cash saved per 10,000 Ultimate Rewards to beat a 1.7¢ use, more than $200 to beat a 2.0¢ use, and more than the Chase Travel price ($125 or $150 per 10,000, depending on the card) before the bonus is even interesting.
- You can wait up to seven days if the stay needs the bonus. Base points are usually instant. The 70% can take a week. If you need those extra points to reach the award, the room has to survive that wait. If it will not, do not transfer and hope. Buy the gap, or book a rate you can cancel, or skip it. If the base points cover the stay, book when they land.
- You transfer only what that stay needs. Top off. Do not round up to a vanity number because the calculator was fun. Send the points to the Bonvoy account that will make the booking. One-way.
The clean version of a yes: you are 20,000 Bonvoy points short of a five-night award you have already found, buying points is capped or priced worse than the Chase points you are truly done with, and you can tolerate the posting delay. Transfer 12,000 Ultimate Rewards. Book. Stop.
When to leave the points at Chase
Leave the balance alone if any of these are true:
- Nothing is on the calendar. The expensive version of this promo is moving 100,000 Ultimate Rewards on October 15 because the banner is red, then refreshing an empty Marriott search for six months.
- You are irritated about Hyatt. That problem is covered in the 4:3 article. Bonvoy is not the replacement program.
- The buy-points sale is on your account and the cash price per point is under what the Ultimate Rewards are worth divided by 1.7. Pay the $162. Keep the Chase points.
- Chase Travel or an airline seat already wins. If the portal price or a 1:1 airline award beats the cash you would save at the hotel, the hotel transfer is a hobby, not a deal.
- You are still choosing which currency to earn. This bonus is a data point about a weak redemption, not a reason to build a Chase balance. Compare Bilt Palladium vs Capital One Venture X, then run your actual spending through the optimizer. A 70% bonus on points you earn slowly loses to a 1:1 transfer of points you earn every month into a partner you actually book.
The verdict
Skip it, unless you are topping off a Marriott award that is already bookable and the cash you save clears what those Ultimate Rewards are worth somewhere else.
Remember the ratio, because the Chase screen may not show it to you: 1,000 Ultimate Rewards become 1,700 Bonvoy points, the extra 700 come from Marriott, and they can take up to seven days. The window closes at 11:59 p.m. ET on October 15, 2026. Transfers are unlimited and one-way. Fifth night free can make a five-night stay less bad. It does not change the fact that you are trading a 1.7¢ to 2.0¢ point for about 1.2¢ to 1.3¢ of Marriott value. Resort and destination fees still come out of your pocket. Buying Bonvoy points on sale, often near 0.81¢ when a 55% offer is on the account, is frequently the smarter way to fill a small hole.
Hyatt at 4:3 for Sapphire Preferred is a real devaluation. It is not a reason to flee into this transfer. Airline partners are still 1:1. Sapphire Reserve still has Hyatt at 1:1.
Find the room. Price the cash rate after the fee. Decide whether you can wait a week for the bonus. Then transfer exactly the Ultimate Rewards that stay requires, and not one thousand more.
This article reflects the Chase Ultimate Rewards to Marriott Bonvoy transfer bonus published for September 15 through October 15, 2026, including an 11:59 p.m. ET deadline on the final day, a base ratio of 1,000:1,000, a 70% bonus posted by Marriott (1,000 Ultimate Rewards to 1,700 Bonvoy), and a bonus that can take up to seven days to appear. Point valuations of about 1.7¢–2.0¢ for Ultimate Rewards and 0.7¢–0.75¢ for Bonvoy are planning ranges, not a rate Chase or Marriott guarantees. The targeted Bonvoy points sale of up to 55% (about 0.81¢ at the full bonus, versus a 1.25¢ list price) was on offer at the start of October 2026 into late November. Co-brand earn rates, Chase Travel redemption rates, award prices, and resort fees change. Confirm the ratio and the cutoff in your Ultimate Rewards account, and the cash rate, the points rate, and the fees on Marriott, before you move points. Transfers are one-way.
