When to transfer Chase points instead of booking a hotel through Chase Travel?

Many travelers love redeeming Chase Ultimate Rewards points for hotel stays through the Chase Travel℠ portal. Chase Sapphire Reserve® (see rates and fees) cardmembers get a redemption value of 1.5 cents per point when doing so, while Chase Sapphire Preferred® Card (see rates and fees) and Ink Business Preferred® Credit Card (see rates and fees) cardmembers get …