I think not. Chase will have to pay more, or risk losing the United co-brand card contract.
How did the SPG:UA 2:1 exception come about (when most other airlines are SPG:airline 1:1)?
Could something like that (a "recalibration") happen with UR:UA in a renegotiation?
The "right" (from UA's perspective) transfer ratio "recalibration" would take care of any concern UA has about UR transfers
without actually ending the ability to transfer.
Of course, such "recalibration" wouldn't be called that by FTers, they would use the word "devaluation" in that case.
IMHO all UA needs is to negotiate a way to make it
harder to earn 1 UA miles with UR cards than with UA cards, and then their problem is solved. I don't see why it has to be all or nothing?
