Chase Ultimate Rewards: Maximize Your Earnings & Redemptions

Without a doubt, the Chase Ultimate Rewards program is one of the most popular travel rewards programs among points and miles aficionados — and for good reason.

With tons of ways to earn Ultimate Rewards points, the program may be the best credit card rewards program currently available, and it should be a top priority for anyone who wants to book award flights.

Once you have tackled earning some points, you can redeem Ultimate Rewards for award flights or hotel award stays across the world.

Let’s dig into what the Ultimate Rewards program has to offer so you can start putting together your next amazing vacation!

What Is Chase Ultimate Rewards?

Chase Ultimate Rewards is a credit card rewards program that allows cardholders to earn points on every purchase.

To earn Ultimate Rewards, you must hold an affiliated Chase credit card. Once you are approved for a Chase card that earns Ultimate Rewards, you will be enrolled in the program automatically.

The number of points you earn on purchases depends on which card you use and under what category the purchase will code. Each Ultimate Rewards card has bonus categories that allow you to earn between 2x and 5x points per dollar spent on the card.

These flexible, and therefore valuable, points can be redeemed in a variety of ways, but the best redemption option, by far, is for travel. Other redemption options, such as merchandise, direct statement credits, or gift cards, could result in far less value for your points.

With the right combination of Chase cards, you can earn tons of Ultimate Rewards points and have flexible redemption options.

Which Credit Cards Earn Ultimate Rewards Points?

With each Chase card earning differently based on its own bonus categories, the key to earning the most Ultimate Rewards points possible is selecting the combination of cards that ensures every purchase you make will earn rewards.

The good news is that you can combine Ultimate Rewards points across all Ultimate Rewards-earning cards to maximize both earning and redemption options.

We’ll talk more about redemption options shortly, but these options also vary by card. For example, you must hold at least one premium Ultimate Rewards card to expand your redemption options and be able to transfer your Chase points to airline and hotel partners.

With a collection of Ultimate Rewards earning cards for nearly every consumer, you’re sure to find a match for your spending mix, redemption options that fit your travel objectives, and a card that matches your comfort zone for paying an annual fee.

Let’s get started discussing Ultimate Rewards points and the best cards for earning and redeeming these valuable rewards.

Hot Tip: If you’re ready to get started and earn a ton of points quickly, check out how to earn 100k Chase points in 90 days!

Chase Sapphire Preferred^® Card

Chase Sapphire Preferred^® Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Learn More(at Chase's secure site)

Chase Sapphire Preferred^® Card

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Welcome Offer

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

60,000 bonus points

UP's Bonus Valuation*:

$1,200

Annual Fee

$95

APR

20.99% - 27.99% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

The Chase Sapphire Preferred^® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.

Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.

Pros & Cons

Pros

• 5x points on all travel booked via the Chase Travel portal
• 5x points on select Peloton purchases over $150 (through March 31, 2025)
• 5x points on Lyft purchases (through March 31, 2025)

Cons

• $95 annual fee
• No elite benefits like airport lounge access or hotel elite status

Read Full Review

Card Highlights

• Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
• Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
• Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
• Member FDIC

Financial Snapshot

• APR: 20.99% - 27.99% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

The Chase Sapphire Preferred card is one of the most popular Chase cards due to its generous welcome bonus offer and elevated earning on travel, dining, and Lyft purchases.

Holding this card also allows you to redeem your Ultimate Rewards for 25% more in value on the Chase travel portal and the additional option of transferring points to travel partners to receive potentially greater value.

While the card comes with a lower annual fee than most premium travel rewards cards, the Chase Sapphire Preferred card does not fall short on travel and shopping benefits and protections. In fact, the card has some of the best travel insurance available.

Hot Tip: Each Chase card that earns Ultimate Rewards comes with the opportunity to earn an introductory welcome bonus after meeting minimum spending requirements, normally in the first 3 months after card approval. Earning the bonus can significantly jumpstart your rewards earnings. For example, you may be able to get a 80k-100k welcome bonus offer for the Chase Sapphire Preferred Card.

Chase Sapphire Reserve^®

Chase Sapphire Reserve^®

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

A top player in the high-end premium travel credit card space that earns 3x points on travel and dining while offering top luxury perks.

Learn More(at Chase's secure site)

Chase Sapphire Reserve^®

A top player in the high-end premium travel credit card space that earns 3x points on travel and dining while offering top luxury perks.

Welcome Offer

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

60,000 points

UP's Bonus Valuation*:

$1,200

Annual Fee

$550

APR

21.99% - 28.99% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Excellent (740-850)

Why We Like This Card

If you’re looking for an all-around excellent travel rewards card, the Chase Sapphire Reserve^® is one of the best options out there.

The card combines elite travel benefits and perks like airport lounge access, with excellent point earning and redemption options.  Plus it offers top-notch travel insurance protections to keep you covered whether you’re at home or on the road.

Don’t forget the $300 annual travel credit which really helps to reduce the annual fee!

Pros & Cons

Pros

• 10x total points on hotels and car rentals when you purchase travel through Chase TravelSM immediately after the first $300 is spent on travel purchases annually
• 10x points on Lyft purchases through March 31, 2025
• 10x points on Peloton equipment and accessory purchases over $250 through March 31, 2025

Cons

• $550 annual fee
• Does not offer any sort of hotel elite status

Read Full Review

Card Highlights

• Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
• $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
• Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
• Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 60,000 points are worth $900 toward travel.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
• 1:1 point transfer to leading airline and hotel loyalty programs
• Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck^®
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Member FDIC

Financial Snapshot

• APR: 21.99% - 28.99% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

The Chase Sapphire Reserve card is an enhanced version of the Chase Sapphire Preferred card with even greater earnings on travel and dining purchases.

With premium travel benefits such as worldwide lounge access via Priority Pass Select membership, hundreds of dollars in potential statement credits, and a long list of travel benefits, the card can earn every penny (and more) of its also-premium annual fee.

The card shines at redemption time as well, when Ultimate Rewards points can be redeemed for travel at the rate of 1.5 cents per point. You’ll also have the option to transfer to travel partners for potentially greater value.

We consider the Chase Sapphire Reserve card and The Platinum Card^® from American Express to be 2 of the best premium cards for luxury travel benefits.

Hot Tip: Select Chase credit cards are eligible for the Pay Yourself Back feature. This temporary benefit allows you to reimburse yourself for select purchases by redeeming Ultimate Rewards points for a statement credit against those purchases at the rate of up to 1.5 cents per rewards point. 

Chase Freedom Flex℠

Chase Freedom Flex^®

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Freedom Flex card is an excellent no-annual-fee card that still earns big with 5% cash-back on travel and other bonus categories.

Learn More(at Chase's secure site)

Chase Freedom Flex^®

The Freedom Flex card is an excellent no-annual-fee card that still earns big with 5% cash-back on travel and other bonus categories.

Welcome Offer

Earn a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.

$200

Annual Fee

$0

APR

0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.99% - 28.74%

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

The Chase Freedom Flex℠ sure does pack quite a punch — especially for a no-annual-fee card.

The Freedom Flex card is an incredible option for those looking for a well-rounded cash-back card, or a powerful point-earner when paired with a premium card in the Ultimate Rewards family.

Pros & Cons

Pros

• 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.99% - 28.74%.
• Powerful cash-back earner: 5% back on quarterly categories and travel purchases through Chase Ultimate Rewards, 3% back on dining and drugstore purchases, and 1% back on all other purchases
• No annual fee

Cons

• 3% foreign transaction fees in U.S. dollars

Read Full Review

Card Highlights

• Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening
• 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
• 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
• 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
• No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
• 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.99%-28.74%.
• No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Flex^® card
• Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
• Member FDIC

Financial Snapshot

• APR: 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.99% - 28.74%
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

In addition to elevated earning on Chase travel, dining, and at drugstores, the Freedom Flex card is known for its quarterly bonus categories that allow you to earn 5% cash-back per dollar spent on up to $1,500 in purchases each quarter.

Quarterly bonus categories change each quarter and have included merchants and services such as supermarkets/grocery stores, transportation, gas stations, warehouse clubs, online shopping, PayPal, restaurants, and more.

The card earns rewards, initially, in the form of Ultimate Rewards points. Those points can then be redeemed for cash-back, travel, shopping, and gift cards, but the true value of the points can be realized when combined with those from one of the premium Ultimate Rewards cards (i.e. one with an annual fee).

We also like the cell phone protection benefit that comes with the card — a valuable perk for a no-annual-fee card.

Chase Freedom Unlimited^®

INTRO OFFER

Chase Freedom Unlimited^®

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This all-purpose cash-back card offers great bonus categories, including bonus points for every purchase you make!

Learn More(at Chase's secure site)

Chase Freedom Unlimited^®

This all-purpose cash-back card offers great bonus categories, including bonus points for every purchase you make!

Welcome Offer

Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!

Up to $300 cash-back

Annual Fee

$0

APR

0% Intro APR for 15 months on purchases and balance transfers, then a variable APR of 19.99% - 28.74%.

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

The Chase Freedom Unlimited^® is easily one of the best cash-back credit cards on the market. There aren’t many no-annual-fee credit cards that offer multiple great bonus categories like 5% back on travel purchased through Chase, 3% back on dining and drugstore purchases, and 1.5% back on all other purchases.

When paired with other Chase cards in the Ultimate Rewards family, you can transfer that cash back into points if you wish – making it one of the most lucrative cards in your wallet.

Pros & Cons

Pros

• 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.99% - 28.74%.
• 5% back on travel purchased through Chase Travel℠
• 3% back on dining and drugstore purchases

Cons

• 3% foreign transaction fee

Read Full Review

Card Highlights

• INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
• Enjoy 6.5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
• After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
• No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
• Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.99% - 28.74%.
• No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited^® card
• Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
• Member FDIC

Financial Snapshot

• APR: 0% Intro APR for 15 months on purchases and balance transfers, then a variable APR of 19.99% - 28.74%.
• Foreign Transaction Fees: 3% of each transaction in U.S. dollars

Rewards Center

Chase Ultimate Rewards

The no-annual-fee Freedom Unlimited card is the go-to card for earning elevated rewards on every purchase you make, even non-bonus category purchases. Like the Freedom Flex card, the true value of the rewards can be realized when combined with those from one of the premium Ultimate Rewards cards.

Ink Business Preferred^® Credit Card

Ink Business Preferred^® Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.

Learn More(at Chase's secure site)

Ink Business Preferred^® Credit Card

The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.

Welcome Offer

Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠.

90,000 points

UP's Bonus Valuation*:

$1,800

Annual Fee

$95

APR

20.74% - 26.74% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

The Ink Business Preferred^® Credit Card is a powerhouse for earning lots of points from your business purchases, especially for business owners that spend regularly on ads.

Plus the card offers flexible redemption options, including access to Chase airline and hotel transfer partners where you can achieve outsized value.

Business owners will also love the protections the card provides like excellent cell phone insurance, rental car insurance, purchase protection, and more.

Pros & Cons

Pros

• 3x Ultimate Rewards points per $1 on up to $150,000 in combined purchases on internet, cable and phone services, shipping expenses, travel, and ads purchased with search engines or social media sites
• Cell phone protection
• Purchase protection

Cons

• No elite travel benefits like airport lounge access

Read Full Review

Card Highlights

• Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠
• Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
• Round-the-clock monitoring for unusual credit card purchases
• With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
• Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
• Points are worth 25% more when you redeem for travel through Chase Travel℠
• Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
• Member FDIC

Financial Snapshot

• APR: 20.74% - 26.74% Variable
• Foreign Transaction Fees: $0

Rewards Center

Chase Ultimate Rewards

The Ink Business Preferred card is the business version of the Chase Sapphire Preferred card, but the card is tailored to business owners. You’ll find similar travel rewards benefits and the same annual fee.

With multiple-times earnings on common business purchases up to the first $150,000 each account anniversary, the card could be a match for the owner of a small to medium-size business.

At redemption time, like the Chase Sapphire Preferred card, you’ll receive up to 25% more value when redeeming for travel via the Chase Portal. You also have the option of transferring Ultimate Rewards to airline and hotel partners for even greater potential value.

Ink Business Cash^® Credit Card

Ink Business Cash^® Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This card offers great rewards and no annual fee. Any new business owner that needs to get going will enjoy this card.

Learn More(at Chase's secure site)

Ink Business Cash^® Credit Card

This card offers great rewards and no annual fee. Any new business owner that needs to get going will enjoy this card.

Welcome Offer

Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.

Up to $750

UP's Bonus Valuation*:

Up to $750

Annual Fee

$0

APR

0% intro APR on purchases for 12 months; 17.99% - 25.99% variable thereafter.

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

The Ink Business Cash^® Credit Card has a lot going for it that makes it a compelling choice for small business owners. The card features a very lucrative 5% back on up to $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services each account anniversary year.

When you factor in that the card has no annual fee, and 0% intro APR on purchases for 12 months; variable 17.99% - 25.99% thereafter, you could be adding big value back into your business for no cost out of pocket.

Pros & Cons

Pros

• Earn 5% back on up to $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services each account anniversary year
• Earn 2% back on up to $25,000 spent in combined purchases at gas stations and restaurants, and 1% back on all other purchases
• Travel insurance and purchase protection

Cons

• Spending caps in bonus categories
• Low points earning outside of bonus categories

Read Full Review

Card Highlights

• Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening
• Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
• Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
• With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
• No Annual Fee
• Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards^®.
• 0% introductory APR for 12 months on purchases
• Member FDIC

Financial Snapshot

• APR: 0% intro APR on purchases for 12 months; 17.99% - 25.99% variable thereafter.
• Foreign Transaction Fees: 3% of each transaction in U.S. dollars

Rewards Center

Chase Ultimate Rewards

The Ink Business Cash card could be an excellent choice for a no-annual-fee business card option.

Tailored to small businesses, its bonus earnings on the first $25,000 in combined purchases at office supply stores, internet services, cell/wireless, landlines, and cable TV, can result in Ultimate Rewards points accumulating quickly.

Additional bonus earnings at gas stations and restaurants ensure many of your business expenses are earning rewards.

For additional information on the perks associated with this card, read up on our article featuring the many benefits of the Ink Business Cash card.

Ink Business Unlimited^® Credit Card

Ink Business Unlimited^® Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Ink Business Unlimited card is a stellar option for business owners looking for a no-fuss uncapped 1.5% cash-back card without an annual fee.

Learn More(at Chase's secure site)

Ink Business Unlimited^® Credit Card

The Ink Business Unlimited card is a stellar option for business owners looking for a no-fuss uncapped 1.5% cash-back card without an annual fee.

Welcome Offer

Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.

$750

UP's Bonus Valuation*:

$750

Annual Fee

$0

APR

0% intro APR on purchases for 12 months; variable 17.99% - 23.99% thereafter

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

As a business owner, you likely keep pretty busy and probably prefer a credit card that just keeps things simple.

If so, the Ink Business Unlimited^® Credit Card might be just the card for you. From zero annual fee to a flat cash-back rate, the card is a no-frills option that you don’t have to think twice about.

Don’t forget too, 0% intro APR on purchases for 12 months; variable 17.99% - 23.99% thereafter

Pros & Cons

Pros

• 1.5% cash-back on all purchases
• No annual fee
• 0% intro APR on purchases for 12 months; variable 17.99% - 23.99% thereafter

Cons

• 3% foreign transaction fee

Read Full Review

Card Highlights

• Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
• Earn unlimited 1.5% cash back on every purchase made for your business
• No Annual Fee
• Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards^®.
• Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
• Round-the-clock monitoring for unusual credit card purchases
• With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
• 0% introductory APR for 12 months on purchases
• Member FDIC

Financial Snapshot

• APR: 0% intro APR on purchases for 12 months; variable 17.99% - 23.99% thereafter
• Foreign Transaction Fees: 3% of each transaction in U.S. dollars

Rewards Center

• Chase Ultimate Rewards

A busy small business owner may appreciate the simplicity of flat-rate earnings on every purchase. While the Ink Business Unlimited card is a cash-back card, the rewards are initially earned as Ultimate Rewards points that can then be redeemed for cash, statement credits, travel, and more.

This no-annual-fee small business card is also a good choice if you have a major business purchase (or purchases) coming up as you can utilize the introductory 0% APR 12-month period to repay those charges back over time without incurring interest charges. The 12-month period begins at card approval and when it ends, regular APR, as indicated in the table above, will apply. You’ll also be earning 1.5% cash-back on those purchases.

Learn more about the best Chase business credit cards, their earning power, redemption options, and benefits in our comprehensive card comparison.

Bottom Line: With the right combination of Chase cards, you can earn tons of points thanks to the numerous bonus-earning categories.

How To Earn Chase Ultimate Rewards

Welcome Bonuses and Bonus Earning Categories

The primary way you’ll earn Ultimate Rewards points is by qualifying for the initial welcome bonus offered immediately after you’re approved for a card, then subsequently with ongoing spending on the card.

You’ll want to take notice of the card’s bonus categories and be sure to use your card for spending in those elevated earning categories.

There are, however, additional ways to earn Ultimate Rewards points. Here’s a list of additional Ultimate Rewards earning opportunities.

Shop Through Chase

Earn unlimited additional Ultimate Rewards points per dollar spent by shopping at the Shop through Chase online mall.

The bonus Ultimate Rewards points you earn are on top of any bonus categories on one of the Chase Ultimate Rewards cards.

Be aware that you must use the link provided in the shopping portal and make your purchases during the same visit in order to receive these points. There are also restrictions on using coupons, discounts, and other offers for your purchases.

With over 240 stores from which to select, you’ll find offers that can range (and fluctuate) from 1 additional Ultimate Rewards point per dollar spent at retailers such as Best Buy, up to an additional 25 points per dollar spent at magazines.com or 20x at restaurants.com.

For step-by-step instructions and tips for using the Chase shopping portal, we’ve put together all the information you need in our article on the topic.

Book Travel Through the Chase Travel Portal

Use the Chase travel portal and earn rewards when you book flights, hotels, cars, cruises, vacation rentals, and activities with your Chase card.

Booking travel-related activities through Chase Travel ensures you’ll be earning rewards on every travel purchase.

This means you’ll earn 5x points per dollar spent on the Chase Sapphire Preferred card. You’ll earn 10x points when using the Chase Sapphire Reserve card for rental cars or hotels, or 5x points on airfare. The Ink Business Preferred card, meanwhile, earns 3x points on travel.

One advantage of booking through the portal is that your airline loyalty program information can be stored in the system and you’ll automatically earn miles when you book. Practically speaking, Chase buys the ticket on your behalf.

Keep in mind, if you book a hotel stay through the Chase travel portal, it’s unlikely your elite status will be recognized by the hotel and you are unlikely to earn hotel points for your stay.

Earn Points With Chase Refer-A-Friend

We all like to share things we like with our friends, but it’s even better to get a reward for it!

When you refer your friends and they’re approved for a Chase card, you can earn tens of thousands of points.

To find your referral link, go to Chase’s Refer-A-Friend page. Just input your details to see if your card has available referrals offers. Note that each of your cards must be input separately but your referral will be able to select from available Chase cards.

If you have difficulty with the referral link, you can call Customer Service for assistance.

Hot Tip: Send your friends the referral link via email and get started to earning your bonus Ultimate Rewards points!

How To Redeem Ultimate Rewards Points

Redemption options and the value you receive for your Ultimate Rewards points will be determined by which card you use to redeem your points, either travel rewards cards or cash-back cards.

1. Travel rewards cards include the Chase Sapphire Preferred card, Ink Business Preferred Card, and Chase Sapphire Reserve card
2. Cash-back cards include the Freedom Flex card, Freedom Unlimited card, Ink Business Cash Card, and Ink Business Unlimited card

Travel rewards cards offer more redemption options, including the ability to transfer points to the Chase travel partners and redeem for travel via the Chase travel portal for up to 50% more in value.

We’ll discuss all the ways you can utilize your rewards, but if you’re looking for specific travel redemption options, check out the best ways to redeem Chase points for travel!

Chase Ultimate Rewards Transfer Partners

Transferring points to airline and hotel partners will often be the best use of your points, but this redemption is only available with the Chase premium travel rewards cards listed above.

To transfer points, log in at chase.com/ultimaterewards and select Transfer to Travel Partners from the drop-down menu at the top of the home page.

You’ll then be able to select the loyalty program and the number of points you want to transfer. You will need your loyalty program sign-in information to complete the transfer.

The information in your travel profile must match the personal information in your desired loyalty account. In most cases, you can transfer points to accounts of authorized users on your card and members of your household.

Most transfers are completed almost instantly or within 24 to 48 hours but may take as long as 6 to 8 weeks. Minimum transfer amounts also apply.

Once completed, points cannot be transferred back into your Chase account, so make sure you want to transfer the points!

Hot Tip: You don’t need a HUGE chunk of points in order to take advantage of your Chase Ultimate Rewards… check out our guide to the best ways to use 10k (or fewer) Chase Ultimate Rewards points for some ideas! 

Chase Airline Transfer Partners

These loyalty reward programs cover each of the major alliances and offer many ways to use your Chase points.

When you sign in to transfer points, you’ll be able to select your preferred airline from the transfer partner list.

Chase Hotel Transfer Partners

Again, on the following screen select your desired transfer partner.

Bottom Line: Airline and hotel transfer partners can provide some of the best value for your Ultimate Rewards points. Be sure to check for award availability in your desired loyalty program prior to transferring points, however, as the process cannot be reversed.

Redeem Ultimate Rewards via the Chase Travel Portal

If you have the Ink Business Preferred card or Chase Sapphire Preferred card, your Ultimate Rewards points are worth 1.25 cents each when booking travel through the Chase travel portal.

The Chase Sapphire Reserve card provides the best deal through the travel portal as each point is worth 1.5 cents each.

When booking an airline ticket or hotel stay, make sure to compare the value of transferring points to travel partners versus booking through the travel portal. Sometimes, the travel portal will actually be the better way to go.

If you have a no-annual-fee Chase Ultimate Rewards-earning card, you can still redeem points via the Chase travel portal, but points will be worth just 1 cent each.

You can purchase travel via the portal, use points, or use a combination of points and cash. Either way, the purchase will be treated as a cash transaction by the airline and you will be eligible to earn the associated amount of frequent flyer miles.

For more details on getting the most value for your travel purchases via the Chase travel portal, check out our step-by-step tutorial.

Redeem for Chase Experiences

If you’re looking for alternative ways to use your points, you might try booking experiences. Chase curates exclusive experiences that you would likely not be able to access on your own.

Check back often for exclusive offers and redemption values as they are updated on a regular basis.

You can pay for these offers with cash or points at a value of 1 cent per point.

The Chase Experiences portal is separate from the Chase portal, so you may have to log back into your Chase account after visiting the site.

Redeem for Chase Sapphire Dining

Cardholders of the Chase Sapphire Preferred card, Chase Sapphire Reserve card, Freedom Flex card, or Ink cards receive access to the Chase Dining hub via Ultimate Rewards online.

This program offers benefits like exclusive Chase cardmember table reservations, virtual dining experiences with top chefs, curated meals-to-go, and the ability to use Chase Ultimate Rewards points.

Cash-Back as Statement Credit or Direct Deposit

Chase lets you use your points as credits on your statement at 1 cent per point. Simply transfer your cash-back earnings to your balance as a statement credit.

To redeem for statement credit, click the Use Points option on the Ultimate Rewards home screen, and then click Get Cash Back. The minimum redemption amount is $20.00, or 2,000 points. You’ll also have the option on this page to cash out points and transfer funds to your bank account.

Another option for a statement credit is to use Pay Yourself Back which reimburses you for specific purchases.

Gift Cards

You can redeem your Ultimate Rewards points for gift cards for merchants where you normally shop such as iTunes, Lowe’s, and many more.

Most options are valued at 1 cent per point, however, some gift cards can offer a better value with 10% or more in discounts.

Redeeming for gift cards may not be the best value for your Ultimate Rewards points.

Shopping via Amazon.com or Apple Purchases

Chase Ultimate Rewards partners directly with Amazon.com for merchandise redemptions. This means you can shop directly on Amazon’s website, rather than go through the Chase shopping portal.

Your Ultimate Rewards points will only receive a value of 8/10 of a cent per point, however, so it is not a good-value redemption option. You can also combine your points with cash or other payment methods.

Link your Chase and Amazon accounts at any time to use this redemption option, including at the time of checkout.

You cannot use Ultimate Rewards directly at the Apple store but you can redeem Ultimate Rewards for Apple purchases via the Chase portal at a value of 1 cent each.

Bottom Line: Not all redemption options are created equal. Your best value may be realized when redeeming Ultimate Rewards points for travel either by transferring points to airline and hotel partners or potentially via the Chase travel portal.

Using Your Ultimate Rewards Dashboard Portal

Your Chase Ultimate Rewards portal allows you to view and manage your points, transfer points between cards, check your category spending, book travel, shop, and redeem rewards.

Navigating the Ultimate Rewards Portal

To manage your account, simply sign in on the home page of chase.com/ultimaterewards.

Once you log in, select the card you want to view and you’ll be directed to the home page for that card.

View Your Points Summaries and Category Spend

The home page screen of any of your credit cards lets you view your earned and available points, your transaction details, and which points will appear on your next statement.

With Chase Ultimate Rewards, it’s easy to check the bonus category spend on Chase credit cards. Plus you’ll have access to all of your current and historical spending data for each card.

Redeem Your Points

You’ll also be able to select options to make redemptions such as shopping, gift card options, or experiences.

Combining Your Points Onto 1 Card

From this main screen, you can also combine all of your points onto 1 card. Select Combine Points from the menu at the top of the page and you will be guided through the process.

Bottom Line: The Chase Ultimate Rewards portal is your source for viewing, managing, tracking, and learning how to earn and redeem Ultimate Rewards points. Each Chase card has its own separate section within the portal making it simple to manage each individual card account.

Everything Else You Need To Know

What Are Chase Ultimate Rewards Points Worth?

The value of your Ultimate Rewards points will vary depending on the redemption option you select. As a baseline, however, Chase follows the industry standard with each point worth 1 cent for a basic redemption.

There are ways to secure more value for your points.

When you use your cards to redeem travel rewards via the Chase travel portal, the value of each point can increase when using a Chase premium card to a minimum of 1.25 cents or 1.5 cents per point.

When you transfer points to any Chase reward travel partners, the redemption value of each point can be worth even more with some redemptions resulting in up to 5 to 8 cents per point for international first and business class options. We value Ultimate Rewards points at an average of 2 cents each.

Ultimate Rewards Points Expiration

Unlike other rewards programs that cancel your points if your accounts are inactive for 6 to 18 months, your Chase rewards points never expire, as long as your accounts are open and in good standing.

Once you cancel your account, the points are forfeited. However, you can product change your premium Chase card to a no-annual-fee Chase card and keep your points available.

Comparing Ultimate Rewards to Other Transferable Points Programs

It’s pretty clear you’ll have access to great travel experiences by earning and redeeming Ultimate Rewards points, but how do these rewards compare to other transferable points programs?

Here’s just a snapshot of additional transferrable rewards programs. Click on the included links for additional information on maximizing each of these travel rewards currencies.

Ultimate Rewards vs. Amex Membership Rewards

Both programs have their pluses and minuses. For example, more American Express-issued cards earn Membership Rewards points than Chase-issued cards that earn Ultimate Rewards.

Membership Rewards also has more travel partners than Ultimate Rewards. However, both programs can cover most airlines and awards through the various partner alliances. Chase also has the advantage of a partnership with the World of Hyatt program.

Both Chase and American Express have shopping incentives that allow you to earn more rewards or receive statement credits for shopping at various merchants. Chase offers a shopping portal and Chase Offers while American Express has Amex Offers.

You will be charged a small fee of $0.0006 per point (maximum of $99 per transaction) to transfer Membership Rewards to U.S. carriers. There are no additional fees to transfer to international carriers. Chase does not charge a fee to transfer Ultimate Rewards to travel partners.

At redemption time there are tons of ways to redeem both Membership Rewards and Ultimate Rewards points for some fun travel.

Ultimate Rewards vs. Capital One Miles

Capital One miles can be redeemed directly through the card’s travel portal. For this reason, Capital One miles could be more flexible as you can find the best deal from any travel provider and use your miles to receive a statement credit for the travel purchase.

However, you’ll be redeeming miles for 1 cent each versus up to 1.5 cents each via the Chase portal with Chase premium cards.

Both programs allow you to transfer rewards to airline partners for greater potential value although Capital One ratios for doing so can be a lesser value than Chase’s 1:1. When it comes to hotels, Capital One has Accor and Wyndham as partners while Chase doesn’t. Chase’s best hotel partner is arguably Hyatt.

You can receive good bottom-line value with either program but to learn more about the best way to earn, redeem, and transfer Capital One miles, here’s an excellent overview.

Ultimate Rewards vs. Marriott Bonvoy

While Chase provides several cards that earn Ultimate Rewards, you can earn Marriott Bonvoy points with Marriott Bonvoy-branded cards issued by both American Express and Chase. Transfers from Ultimate Rewards process almost instantly to Marriott Bonvoy in many cases, while transferring Marriott Bonvoy points can take much longer.

There are some good-value options for redeeming Marriott Bonvoy points for some amazing flights with dozens of airline transfer partners and for hotel stays.

Ultimate Rewards vs. Citi ThankYou Rewards

Finally, we have Citi ThankYou Rewards. You will find several options for redeeming ThankYou Points for some awesome travel experiences.

Few cards earn ThankYou Points and when paired with the Citi Strata Premier℠ Card, cardholders can maximize transfers to the full suite of Citi travel partners.

Bottom Line: We estimate the overall relative value, based on earning and redemption options, of Ultimate Rewards points at 2 cents each, Membership Rewards points 2.2 cents each, Capital One miles at 1.4 cents, Marriott Bonvoy points at 0.7 cents each, and ThankYou Points at 1.6 cents each. 

Final Thoughts

When applying for Chase cards, keep in mind the 5/24 rule. If you have opened 5 or more cards from any card issuer, including Chase, (not including most business cards) in the last 24 months, you will not be approved for a Chase card.

For that reason, you want to select the best Chase Ultimate Rewards earning cards when you are just starting out. Ultimate Rewards earning cards allow you to accumulate points that can be used to fly with dozens of different airlines thanks to its airline transfer partners. On top of that, you can transfer to Hyatt for some amazing Hyatt redemptions.

With several cards that can help you earn points quickly and some amazing redemption options, Chase Ultimate Rewards-earning cards deserve a place in every traveler’s wallet.