Chase's November 2025 70% Transfer Bonus to Marriott: When the Math Actually Worked
Key Points
- From November 3 to November 30, 2025, Chase ran a 70% transfer bonus to Marriott Bonvoy, turning 1,000 Ultimate Rewards points into 1,700 Bonvoy points.
- This was the first Chase to Marriott bonus where the cents-per-point math cleared at the top of the Marriott category chart, not just at niche outliers.
- 70% was the second Marriott promo Chase ran in 2025, which is a tell about how Chase manages Bonvoy as a relief-valve partner rather than a headline one.
TL;DR
Chase ran a 70% transfer bonus to Marriott Bonvoy from November 3 to 30, 2025. Unlike the 50% promo three months earlier, the math cleared at Cat 7 luxury properties and several Cat 4 to 5 Europe sweet spots.
Introduction
Three months after the August 2025 50% Chase to Marriott bonus, where the math only worked at the very top of the Bonvoy category chart, Chase ran the same partner promo at 70%. From November 3 through November 30, 1,000 Ultimate Rewards points became 1,700 Bonvoy points.
Looking back from 2026, this one mattered. The 50% bonus was a curiosity that worked on a tight handful of Cat 6 and Cat 7 redemptions. The 70% bonus opened up the whole top half of the Marriott chart, and for two specific use cases, it was actually the best place to spend Chase points. That's a sentence I never expected to write about a Marriott transfer.
What Happened
For 28 days in November 2025, Chase Ultimate Rewards holders saw an enhanced ratio when they selected Marriott Bonvoy on the transfer page. Effective rate: 1:1.7. Minimum increment held at 1,000 Chase points. Transfers cleared near-instant, despite Chase's official 1-2 day window. After November 30, the ratio reverted to 1:1 and Marriott went back to being the partner you transfer Bonvoy points out of.
Why 70% Cleared the Floor That 50% Didn't
A Chase Ultimate Rewards point sits between 1.5 and 2 cents in default value, depending on whether you're transferring to Hyatt, United, or Aeroplan. Bonvoy points clear roughly 0.7 to 0.8 cents on a normal redemption. At 1:1, transferring Chase to Marriott was a value-destruction event.
Run the same calculation at 1:1.7. A Marriott property clearing 0.9 cents per Bonvoy point now hands you about 1.5 cents per Chase point. At 1.0 cent per Bonvoy point, you're at 1.7 cents per Chase point. That's not Hyatt territory, but it's no longer below the Chase Travel portal either, and at the top of the Marriott chart it actually beats most alternative uses.
Worked example. 100,000 Chase points becomes 170,000 Bonvoy points. That's enough for two nights at most Cat 8 Marriott properties or a single award night at the very top end. A Cat 7 award priced at 60,000 points off-peak sleeps you in a property where cash rates routinely run $400 to $700 per night during shoulder season, which is roughly 2.4 to 4.1 cents per Chase point on the redemption.
Where the Bonus Actually Worked
Cat 7 aspirational. The St. Regis Maldives at peak pricing, the W Maldives, the Edition Bodrum during summer, and several Asia-Pacific Ritz-Carlton properties were the headline plays. Cash rates at these properties clear $1,000+ per night during peak weeks, and award costs sit at standard Cat 7 pricing of around 70,000 to 100,000 Bonvoy points. With the bonus, that's a redemption clearing 2 to 3 cents per Chase point comfortably.
Cat 4 and 5 Europe. This was the surprise. Several Marriott properties in Spain, Portugal, and southern Italy priced cash rates aggressively into the high season while keeping points pricing flat. A Cat 5 in Lisbon at 35,000 Bonvoy points off-peak (about 21,000 Chase points with the bonus) against a $300+ cash rate is a 1.4 cent per Chase point redemption, which clears the floor for using flexible points on a hotel.
Why Chase Ran Two Marriott Bonuses in 2025
This is the part that's worth thinking about. Chase had not run a Marriott transfer bonus of this size in years before 2025. Then it ran one in August at 50%, and another in November at 70%. Two promos to the same partner inside four months, and the second one was meaningfully larger.
My read: Chase is using Bonvoy bonuses as a tier-targeted spend lever. The premium currency story Chase tells stays built around Hyatt, United, and Aeroplan. Marriott isn't on the marketing list. But Bonvoy bonuses move flexible points into a partner with deep luxury inventory at exactly the moments leisure travel demand peaks, which lets Chase clear UR liability on its balance sheet without diluting the Hyatt headline. The 70% size and late-November timing tracked holiday booking windows almost too cleanly.
If that read is right, watch for another Marriott bonus in spring 2026 around the next big leisure planning window. FrequentMiler, AwardWallet, and View from the Wing tend to flag these within hours of the promo banner appearing.
What to Do With This Now
The bonus is dead. The framework isn't. If you're sitting on a Chase balance and a Marriott bonus posts in 2026, three rules carry forward.
Run the math at the cents-per-point level on the specific redemption, not on the partner. "Marriott is bad" is too coarse. Cat 7 in Maldives at peak is not the same currency as a Cat 4 highway property.
Compare against your default best use. A 1.7 cent per Chase point Marriott redemption is fine. A 2.0 cent per Chase point Hyatt redemption for the same trip is better. The bonus only matters if it beats your alternative.
Treat repeat bonuses as a signal about where the program is heading, not just as discounts to chase. Chase ran two Bonvoy bonuses in 2025 after a long stretch of running zero. Pattern, not coincidence.
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