How Much Are Chase Ultimate Rewards Points Worth? [32 FAQs]

Key Takeaways

• Chase Ultimate Rewards points can be earned by spending on eligible Chase credit cards and redeemed for travel, cash back, or transfers to other programs.
• Points are worth up to 2 cents when redeemed for select flights and hotels through the Chase Travel Portal, and they are of greater value when transferred to airline and hotel partners.
• Earning Chase Ultimate Rewards is entirely worth it, given its flexibility and the ability to accrue points quickly.

Chase Ultimate Rewards is a program worth considering if you want to level up your credit card rewards game.

Using this rewards currency is one of the absolute best ways to get as much bang for your buck as possible from your normal credit card spending.

With many ways to use your Ultimate Rewards points, the question is: How much are Chase Ultimate Rewards points worth?

In this guide, we’ll show you exactly how much they’re worth and answer some of your most burning questions about Chase Ultimate Rewards.

32 FAQs About Chase Ultimate Rewards Points

1. What Is Chase Ultimate Rewards?

Chase Ultimate Rewards is Chase’s proprietary rewards currency on some credit cards.

These are the main credit cards that earn Chase Ultimate Rewards points:

• Chase Sapphire Reserve^®
• Chase Sapphire Preferred^® Card
• Ink Business Preferred^® Credit Card
• Sapphire Reserve for Business℠
• Ink Business Plus^® Credit Card (no longer open to new applicants)

NEW OFFER

Terms Apply / Rates & Fees

Chase Sapphire Reserve^®

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs 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 points on travel and dining while offering top luxury perks.

Apply Now(at Chase's secure site)

Chase Sapphire Reserve^®

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

Welcome Offer

Earn 125,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.

125,000 points

UP's Offer Valuation*:

$2,500

Annual Fee

$795

APR

20.24% - 28.74% 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.

Excellent

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.

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

Don’t forget the more than $2,000 in annual credits, which can offset the annual fee!

Pros & Cons

Pros

• 8x points on all Chase Travel purchases
• 5x points on Lyft rides
• 4x points on flights and hotels booked directly

Cons

• $795 annual fee

Read Full Review

Card Highlights

• Earn 125,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.
• Get more than $2,700 in annual value with Sapphire Reserve.
• Earn 8x points on all purchases through Chase Travel℠, including The Edit℠ and 4x points on flights and hotels booked direct. Plus, earn 3x points on dining worldwide & 1x points on all other purchases
• $300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year.
• Access over 1,300 airport lounges worldwide with a complimentary Priority Pass™ Select membership, plus every Chase Sapphire Lounge^® by The Club with two guests. Plus, up to $120 towards Global Entry, NEXUS, or TSA PreCheck^® every 4 years
• Get up to $150 in statement credits every six months for a maximum of $300 annually for dining at restaurants that are part of Sapphire Reserve Exclusive Tables.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Coverage, Lost Luggage Insurance, no foreign transaction fees, and more.
• Get complimentary Apple TV+, the exclusive streaming home of Apple Originals. Plus Apple Music — all the music you love, across all your devices. Subscriptions run through 6/22/27 — a value of $250 annually
• Member FDIC

Financial Snapshot

• APR: 20.24% - 28.74% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

NEW OFFER

Terms Apply / Rates & Fees

Chase Sapphire Preferred^® Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs 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.

Apply Now(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 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

75,000 points

UP's Offer Valuation*:

$1,500

Annual Fee

$95

APR

19.99% - 28.24% 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

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
• 3x points on dining purchases, online grocery purchases, and select streaming services
• 2x points on all other travel worldwide

Cons

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

Read Full Review

Card Highlights

• Earn 75,000 bonus points after you spend $5,000 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
• Earn up to $50 in statement credits each account anniversary year for hotel stays through Chase Travel℠
• 10% anniversary points boost - each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders.
• Member FDIC

Financial Snapshot

• APR: 19.99% - 28.24% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

Ink Business Preferred^® Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs 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.

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.

90,000 points

UP's Offer Valuation*:

$1,800

Annual Fee

$95

APR

20.24% - 26.24% 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
• 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 more when you redeem for travel through Chase Travel^SM
• 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: 20.24% - 26.24% Variable
• Foreign Transaction Fees: $0

Rewards Center

Chase Ultimate Rewards

Sapphire Reserve for Business℠

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs 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 Chase Sapphire Reserve for Business card is perfect for frequent traveler business owners who want premium perks.

Sapphire Reserve for Business℠

The Chase Sapphire Reserve for Business card is perfect for frequent traveler business owners who want premium perks.

Welcome Offer

Earn 200,000 bonus points after you spend $30,000 on purchases in your first 6 months from account opening.

200,000 points

UP's Offer Valuation*:

$4,000

Annual Fee

$795

APR

18.49% - 26.49% 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

Why We Like This Card

The Chase Sapphire Reserve Business card is a great pick for business owners who can easily make use of the annual credits for travel, Google Workspace, ZipRecruiter, and more. Plus, it offers helpful bonus categories such as ad spend and offers access to over 1,300 airport lounges — including Chase Sapphire Lounges.

Pros & Cons

Pros

• 8x points on Chase Travel purchases
• 4x points on flights and hotels booked directly
• 3x points on advertising purchases made with social media sites and search engines (uncapped)

Cons

• $795 annual fee

Read Full Review

Card Highlights

• Earn 200,000 bonus points after you spend $30,000 on purchases in your first 6 months from account opening and with more than $2,500 in annual value, there's no competition.
• Earn 8x points on Chase Travel℠ for airline tickets, hotels, including The Edit℠, car rentals, cruises, activities and tours.
• Earn 5x total points on Lyft rides through 9/30/27.
• Earn 4x points on flights & hotels booked direct.
• Earn 3x points on social media & search engine advertising.
• Get the most flexible travel credit compared to any other card, with up to $300 in statement credits each anniversary year on travel purchases.
• Enjoy complimentary access to the Chase Sapphire Lounge^® by The Club network and Priority Pass™ Select membership. Two guests may accompany the Primary Cardmember to the lounges free of charge.
• Member FDIC

Financial Snapshot

• APR: 18.49% - 26.49% Variable
• Foreign Transaction Fees: None

There are also a handful of other credit cards that earn Chase Ultimate Rewards points but require one of the credit cards listed above to unlock the full list of redemption options:

• Chase Freedom Flex^®
• Chase Freedom Unlimited^®
• Chase Freedom^® card (no longer open to new applicants)
• Chase Freedom Rise^®
• Chase Sapphire^® Card (no longer open to new applicants)
• Ink Business Cash^® Credit Card
• Ink Business Unlimited^® Credit Card

The points you earn on these credit cards are Ultimate Rewards points.

2. Is Chase Ultimate Rewards Worth It?

Earning Chase Ultimate Rewards is worth the effort.

We find Chase Ultimate Rewards valuable because of its unique partnerships with loyalty programs, including United MileagePlus and World of Hyatt, as well as the flexibility of the points to be used for other travel expenses or cash-back.

Plus, credit cards that earn Chase Ultimate Rewards can be used to earn a ton of Ultimate Rewards points quickly, up to 10 points per $1 spent!

You can get rewarded in common categories like dining, travel, online grocery purchases, streaming, and so much more.

So yes, Chase Ultimate Rewards is worth it.

3. How Do I Access My Chase Ultimate Rewards?

You can access your Chase Ultimate Rewards in 3 ways:

• On the Chase website
• In the Chase app
• Over the phone

If you’re on the website or mobile app, log in to your Chase account and select your credit card. Then, you’ll find an area that displays your Ultimate Rewards points balance and a button that says Redeem. Click Redeem.

You’ll be redirected to the Ultimate Rewards dashboard. From there, you can browse and access your Chase Ultimate Rewards points.

4. How Much Are Chase Sapphire Reserve Points Worth?

The Chase Sapphire Reserve card and Chase Sapphire Reserve Business card earn Chase Ultimate Rewards points. You can get up to a 100% redemption bonus on select flights and hotels booked through the Chase Travel portal, which makes your points worth up to 2 cents each. Pay Yourself Back gives a value of 1.25 to 1.5 cents per point.

However, you also have the option to transfer your points to Chase transfer partners at a 1:1 ratio to book luxury business and first class flights, as well as high-end hotel stays. Transferring your points to partners can get you anywhere from 1.6 to more than 5 cents per point of value from your Chase Sapphire Reserve card’s points.

However, because the value of your points depends on how exactly you use them, we value the Chase Sapphire Reserve card’s points a value of 2 cents per point.

5. How Much Are Chase Sapphire Preferred Card Points Worth?

The Chase Sapphire Preferred card also earns Chase Ultimate Rewards points. In fact, if you have both the Chase Sapphire Preferred card and the Chase Sapphire Reserve card, you can combine your points!

With the Chase Sapphire Preferred card, there’s a slightly lower up to 75% redemption bonus on select travel booked through Chase Travel, giving you a value of up to 1.75 cents per point. Pay Yourself Back gives a value of 1 to 1.25 cents per point.

Like the Chase Sapphire Reserve card, the Chase Sapphire Preferred card’s points can be transferred to travel partners at a 1:1 ratio for even better value.

This way, the points from the Chase Sapphire Preferred card could be worth the same as those from the Chase Sapphire Reserve card. With the right partners, you can get more than 2 cents per point, perhaps closer to 5 cents per point!

We value the Chase Sapphire Preferred card’s points at around 2 cents each, even though the value can fluctuate widely.

6. How Much Are Freedom Card Points Worth?

The points on the Freedom card, Freedom Flex card, and Freedom Unlimited card are all Ultimate Rewards points. However, there’s a bit of a twist.

If you only have these cards, you can only use your points for cash-back, since these are cash-back credit cards. So in this case, their points are worth a simple 1 cent per point.

But if you have a Chase card that allows points transfers, like the Chase Sapphire Preferred card and the Freedom Unlimited card, for example, you can combine your points from the Freedom Unlimited card to the Chase Sapphire Preferred card to get much better value.

7. How Much Are Freedom Unlimited Card Points Worth?

The Freedom Unlimited card’s points are worth 1 cent each.

Paired with a premium Chase card like the Chase Sapphire Reserve card or Ink Business Preferred card, you can convert your Freedom Unlimited card rewards to the true Ultimate Rewards points and get much better value.

For example, if your Freedom Unlimited card has 20,000 points, those are worth $200 if you don’t have any other Chase credit card.

But if you also have the Ink Business Preferred card, you can move those 20,000 points from your Freedom Unlimited card to the Ink Business Preferred card, which can then be transferred to hotels and airlines for fantastic value.

If you transfer those 20,000 Ultimate Rewards points to World of Hyatt, you may be able to book a $500 hotel stay for just 20,000 points, making your points worth 2.5 cents each.

8. How Much Are Chase Ink Points Worth?

When you have the Ink Business Preferred card, your Chase Ultimate Rewards points can be worth up to 5 cents per point when used well.

But if you only have the Ink Business Cash card or Ink Business Unlimited card, your rewards are worth a flat 1 cent per point.

The points you accumulate on all Ink cards are still Ultimate Rewards points, which means you can access some fantastic value if you combine and redeem your points strategically.

The Ink Business Preferred card is similar to the Chase Sapphire Preferred card in that you can get up to a 75% redemption bonus on select travel booked through the Chase Travel portal and up to 25% for select categories in Pay Yourself Back.

Also, the Ink Business Preferred card’s Ultimate Rewards points can be transferred to travel partners for enhanced value between 1.6 and 5 cents or more per point.

Though there’s room for fluctuation, we value Ink points around 2 cents each.

9. How Much Are 1,000 Chase Points Worth?

Based on our valuation of Chase points at around 2 cents each, 1,000 Chase points are worth around $20.

You can transfer as few as 1,000 Chase points to airline and hotel partners, which can be helpful if you need to top off a rewards balance to make a booking.

But 1,000 points won’t go far if used for cash-back, statement credits, or Pay Yourself Back. All of these redemptions have a lower redemption value of 1 to up to 2 cents per point.

The value of 1,000 Chase points translates to $10 to $20.

10. How Much Are 5,000 Chase Points Worth?

We value Chase Ultimate Rewards points at 2 cents apiece, which means 5,000 points are worth $100.

It is still difficult to use 5,000 Chase points for anything besides top-off rewards transfers, cash-back, Pay Yourself Back, or gift cards.

You can expect a redemption value of 1 to 2 cents each, which translates to a return on spending of $50 to $100.

You might be able to use 5,000 Chase points for a super-cheap flight on an airline like Spirit or Frontier through the Chase Travel portal. If you have the Chase Sapphire Reserve card, this can give you up to $100 of redemption value.

11. How Much Are 10,000 Chase Points Worth?

According to our valuation, 10,000 Chase points are worth around $200. Of course, valuations aren’t exact since the value you get is totally contingent on how you use your points.

For example, if you transfer 10,000 Chase points to World of Hyatt, you could potentially book a $250 hotel room, which would be worth 2.5 cents per point.

On the other hand, if you use 10,000 Chase points from your Chase Sapphire Reserve card to book a $200 flight on the Chase Travel portal, you get a value of up to 2 cents per point.

12. How Much Are 20,000 Chase Points Worth?

With 20,000 Chase points, you have rewards worth around $400, according to our valuation of 2 cents each.

If you have 20,000 Chase points, that could be enough for 2 nights during the off-peak season at a hotel like the Hyatt Centric Melbourne in Australia, which can easily be worth $500. That would give you a value of 2.5 cents per point.

Alternatively, if you use 20,000 Chase points for a domestic flight through the Chase Travel portal, you get up to 2 cents per point of value.

13. How Much Are 50,000 Chase Points Worth?

According to our valuation of 2 cents each, 50,000 Chase points are worth around $1,000.

You could use around 50,000 Chase points for a one-way business class flight on ANA to Japan during the low season, which often retails for $4,000 or more!

14. How Much Are 60,000 Chase Points Worth?

You can get a $1,200 value out of 60,000 Chase points, according to our valuation of 2 cents each.

At 60,000 Chase points, you have enough for a one-way business-class flight on Air France from the U.S. to Europe. And if you look up the flight prices, we’re talking about a value of several thousand dollars!

Otherwise, flights booked through the Chase Travel portal can be worth up to $1,200, assuming you can earn up to 2 cents per point through the Chase Sapphire Reserve card’s redemption bonus.

15. How Much Are 80,000 Chase Points Worth?

Using 80,000 Chase points is worth $1,600, according to our valuation of 2 cents each.

Your 80,000 Chase points could be enough for a business class flight to Africa or the Middle East, which often sell for $10,000 or more.

If you use your points for flights through the Chase Travel portal, 80,000 points are worth between $800 and $1,200.

16. How Much Are 100,000 Chase Points Worth?

A collection of 100,000 Chase points is worth $2,000, according to our valuation of 2 cents each.

With 100,000 Chase points, you could have enough for a round-trip business class flight to Japan or Europe, a tremendous value. This could have a cash equivalent of anywhere from $7,000 to $14,000.

Redeeming those 100,000 Chase points through the travel portal gets you a value of $1,500 to $2,000, depending on which card you have.

17. How Many Chase Points Is $1,000?

If you use your Chase points for travel through the Chase Travel portal, you need to redeem anywhere from 50,000 to 100,000 Chase points to get $1,000 in value.

If you transfered your Chase points to book a luxury hotel stay at Hyatt, you’d probably redeem around 30,000 to 50,000 Chase points for $1,000 of value.

Transfer your Chase points to airlines and you could get $1,000 of value through domestic flights with around 50,000 to 70,000 Chase points.

Lastly, if you transfer your Chase points to airline partners and book luxury business or first class flights, you could redeem points for exceptionally high value and get around $3,000 in value for about 60,000 Chase points. That translates to using only 20,000 Chase points to get $1,000.

18. What Can You Redeem With Chase Ultimate Rewards?

Chase Ultimate Rewards are some of the most flexible points out there. Here are the ways you can redeem Chase Ultimate Rewards points (ranked from highest to lowest value):

• Transfer to airline and hotel partners
• Travel booked through Chase Travel
• Pay Yourself Back
• Gift cards
• Statement credit/cash-back
• Apple purchases
• Amazon.com purchases
• Online shopping

19. Are Chase Points Transferable?

Yes, Chase points are transferable to airlines and hotels. You can transfer to these airlines and hotels:

Airline Transfer Partners

Hotel Transfer Partners

Just remember that you need the Chase Sapphire Reserve card, Chase Sapphire Reserve Business card, Chase Sapphire Preferred card, Ink Business Preferred card, or Ink Business Plus card (no longer open to new applicants) to transfer your points to airlines or hotels.

20. How Much Are Chase Points Worth in Cash?

Chase points are worth 1 cent per point when redeemed for cash-back or statement credits, regardless of which credit card you have.

So that means you need to redeem 100 points to get $1 in cash-back.

21. How Much Are Chase Points Worth for Travel?

If you have the Chase Sapphire Reserve card or Chase Sapphire Reserve Business card, you can get up to 2 cents per point for select flights and hotels booked through the Chase Travel portal.

If you have the Chase Sapphire Preferred card or Ink Business Preferred card, you get up to 1.75 cents per point for certain Chase Travel portal bookings via Points Boost offers.

If you have any other Chase card, such as the Freedom Unlimited card or the Ink Business Cash card, you get a flat 1 cent per point for travel.

That means you need to redeem up to 100 Chase points for $1 on travel.

22. How Much Are Chase Points Worth on Amazon?

Chase points are worth 0.8 cents per point when redeemed on Amazon, regardless of which credit card you have.

That means you need to redeem 125 Chase points to get $1 on Amazon.

23. How Much Are Chase Points Worth for Gift Cards?

Chase points are worth around 1 to 1.2 cents per point when redeemed for gift cards, regardless of which credit card you have.

Sometimes, Chase will offer sales for select merchants to get 10% to 15% off on certain gift cards.

You need to redeem 83 to 100 Chase points for $1 in gift cards.

24. How Much Are Chase Points Worth on United?

Chase Ultimate Rewards points transfer to United at a 1:1 ratio, assuming you have the Chase Sapphire Reserve card, Chase Sapphire Reserve Business card, Chase Sapphire Preferred card, Ink Business Preferred card, or Ink Business Plus card (no longer open to new applicants).

If you transfer to United, your points could be worth anywhere from 1 cent to 10 cents each. This huge spectrum is dependent on how you use your United miles.

If you use your United miles for short-haul flights in economy, you won’t get as good a value as you would if you used them for long-haul flights in first class.

That means you need to redeem anywhere from 10 to 100 Chase points to get $1 on United.

25. How Much Are Chase Points Worth on Southwest?

Chase Ultimate Rewards also transfers at a 1:1 ratio to Southwest, just like United, though you need an eligible card to make those transfers happen.

Thanks to Southwest’s fixed value system, points are generally worth 1.3 to 1.5 cents per point.

You probably need to use 67 to 77 Chase points to get $1 on Southwest.

26. How Much Are Chase Points Worth on Pay Yourself Back?

Pay Yourself Back offers a redemption value of 1 to 1.5 cents per point. You may need to redeem 67 to 100 Chase points to get $1 from Pay Yourself Back.

For example, with the Chase Sapphire Reserve card or Chase Sapphire Reserve Business card, you can get 1.25 to 1.5 cents per point through Pay Yourself Back on select rotating categories.

With the Chase Sapphire Preferred card and Ink Business Preferred card, you get 1 to 1.25 cents per point through Pay Yourself Back on rotating categories.

Lastly, with the Ink Business Cash card or Ink Business Unlimited card, you get 1 to 1.25 cents per point through Pay Yourself Back on select business categories.

27. How Much Are Chase Points Worth When You Transfer to Partners?

Chase points are generally worth the most when you transfer to partners. For example, if you transfer 25,000 Chase points to book a night at the Palacio Duhau – Park Hyatt Buenos Aires, you could easily get $1,000 worth of redemption value, which is 4 cents per point.

Also, if you transfer 70,000 Chase points to book Qatar Airways Qsuites, you could easily get $6,000 worth of value, which is 8.6 cents per point.

If you transfer 60,000 Chase points to book United Polaris class, you could get around $4,000 of value, which is 6.7 cents per point in value.

However, you’re generally doing well if you can transfer your Chase points to partners and get 2 cents per point.

28. Do Chase Points Expire?

As long as your Chase credit card is open and in good standing, your points do not expire.

After you close your card, you have 30 days to redeem your points before they are forfeit.

If you’re planning on closing a Chase card but still have other Chase cards open, you can transfer your points to your other eligible Chase cards before closing your card without losing any points.

For example, if you have the Chase Sapphire Preferred card and the Ink Business Cash card but want to close the Ink Business Cash card, move your points to the Chase Sapphire Preferred card before closing the Ink Business Cash card to avoid forfeiting your points.

29. What Is the Best Way To Redeem Chase Points?

The best way to redeem Chase points is to transfer them to travel partners. Here are some of our favorites:

• Transfer points to World of Hyatt for luxury hotel stays at properties like Grand Hyatt Kauai, Park Hyatt Maldives Hadahaa, Park Hyatt New York, and Alila Ventana Big Sur.
• Transfer points to The British Airways Club for Qatar Airways Qsuites flights.
• Transfer points to Singapore Airlines KrisFlyer for Singapore Airlines business class and first class flights.
• Transfer points to Virgin Atlantic Flying Club for ANA business class and first class flights.
• Transfer points to Air France-KLM Flying Blue for Air France or KLM business class flights.
• Transfer points to Emirates Skywards for Emirates first class and business class flights.

Hot Tip:

As of May 12, 2025, Emirates first class awards on Skywards miles are only available to members with Skywards Silver, Gold, or Platinum status. You can get around this limitation by booking a business class award and then using miles to upgrade to first class.

30. Are Chase Points or Amex Points Better?

Amex Membership Rewards points (2.2 cents per point) are slightly more valuable than Chase points (2 cents per point).

Applying the value depends on how you use the points. Chase has a key hotel transfer partnership with World of Hyatt, which makes it much easier to get outsize value on points for hotel stays.

But there are many more Amex airline partners that might come in handy for a wider array of flights, whether you’re flying to Australia or Southeast Asia.

Nonetheless, we like the idea of having both types of points.

31. Are Chase Points or Capital One Miles Better?

Chase points are slightly more valuable (2 cents per point) than Capital One miles (1.8 cents per point).

Although the programs share many of the same transfer partners, like Air Canada Aeroplan and Air France-KLM Flying Blue, Chase edges out Capital One slightly because of its partnership with World of Hyatt and United MileagePlus.

However, Capital One offers exceptional value on vacation rental bookings through Wyndham Rewards.

32. Are Chase Points or Citi Points Better?

Chase points are significantly more valuable (2 cents per point) than Citi ThankYou Points (1.6 cents per point).

Citi isn’t lacking in the hotel department, thanks to a 1:2 transfer partnership with Choice Privileges, which can then be used to book stays at select Preferred Hotels worldwide.

But Chase’s partnership with World of Hyatt consistently leads to higher redemption value.

Citi ThankYou Rewards also shares many transfer partners, including Emirates Skywards and Air France-KLM Flying Blue. However, Chase also offers partnerships with Air Canada Aeroplan and United MileagePlus, making it a significantly stronger currency.

Final Thoughts

Overall, Chase Ultimate Rewards points are totally worth it. The list of credit cards you can use to earn Chase Ultimate Rewards points has plenty of variety, and each card has its own specific use case.

For example, the Chase Sapphire Reserve card is best for travel, the Chase Sapphire Preferred card is best for dining, and the Ink Business Preferred card is best for advertising. These cards enable you to earn up to 10x points on certain purchases!

But what we love about Chase is that its online website and mobile app make managing your credit cards and points easy.

We value Chase points at 2 cents each, but depending on what you use your points for, you can get worse or better value.

Even though we value Chase points slightly less than Amex points, they are still better than Capital One miles and Citi ThankYou Points.