Chase and Ritz-Carlton had already teamed to offer the Ritz-Carlton Rewards credit card, so it comes as no big surprise to learn that Chase has just added Ritz-Carlton as its latest “Ultimate Rewards” point transfer partner.

Under the new partnership, Chase Sapphire Preferred, Ink Plus and Ink Bold cardmembers can now instantly transfer Ultimate Rewards points to The Ritz-Carlton Rewards at a 1:1 point ratio and then redeem those points towards free nights at Ritz-Carlton hotels and resorts as well as at 3,400 partner hotels around the world.

There are no restrictions or limits to the number of points that cardmembers can transfer to The Ritz-Carlton Rewards.

Given that Marriott was already part of the Ultimate Rewards program and Ritz-Carlton points are essentially equivalent to Marriott points, this isn’t a dramatic change, but it does make it more convenient for travelers who already have Ritz-Carlton Rewards accounts.

The number of transfer partners for the Ultimate Rewards program continues to grow, making the program much more flexible and competitive. Ritz-Carlton joins a growing list of Ultimate Rewards partners that includes Priority Club, Hyatt, United MileagePlus, British Airways, Korean Air, Marriott and Southwest Airlines.