Chase Card Services has a new partner for its Ultimate Rewards program, the company announced in a press release. The Ritz-Carlton Hotel Company, with 77 luxury hotel properties in 25 countries, is now a point transfer partner for Chase's credit card rewards program.
The deal will allow Chase Sapphire Preferred, Ink Plus and Ink Bold card holders to transfer their Chase reward points to a Ritz-Carlton Rewards account with full value, meaning one point at Ritz for each point earned on Chase. Ultimate Rewards members can transfer as many points as they'd like, and they never expire. Transfers are immediate between the two programs.
Ritz-Carlton hotels are tiered, so the higher the tier, the more points required per night. A tier-5 hotel, such as the Ritz-Carlton in New York City's Central Park or the one in Hong Kong, requires 70,000 points for an overnight stay. A tier-1 hotel, such as the one in Dallas or Kuala Lumpur, require 30,000 points for each overnight stay. If points are used for a five-night stay, Ritz-Carlton gives the fifth night for free.
Chase's Ink Plus and Ink Bold, two of the company's business credit cards, come with different reward offers. Ink Bold card holders can earn up to 5 rewards points for each dollar spent on qualifying purchases. Sapphire Preferred card holders earn 2 rewards points for every dollar spent.
Ritz-Carlton is also a partner with Marriott hotels, and its rewards points can be used for stays at those properties. Marriott hotel tiers run from 7,500 to 40,000 points per overnight stay, depending on the property and location. The fifth night is also free when a five-night stay is booked. Chase's Ultimate Rewards partners with more than 3,400 international hotels and 30 airlines.