How Much Are 100K Chase Ultimate Rewards Points Worth?

Updated: April 7, 2025, 9:32am CDT

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Chase Sapphire Preferred Card 100K Welcome Bonus Offer
1. Take up to 20 Flights Within the U.S.
2. Book 8 Round-Trip Flights to Europe
3. Spend up to 28 Hotel Nights With Hyatt
4. Score a Business Class Ticket — to Nearly Anywhere
5. Book $1,000 to $1,500 in Chase Travel Purchases
Final Thoughts

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No 2 loyalty programs are the same, and the value of a point in 1 program isn’t necessarily the same as the value in another. That can be confusing. It’s hard to know what points and miles are worth — and which you should spend your time collecting.

When you see the new 100,000-point welcome offer on the Chase Sapphire Preferred^® Card, the 6-digit bonus sounds nice, but what are those points really worth? What can you do with 100,000 Ultimate Rewards points?

We’re glad you asked.

Chase Sapphire Preferred Card 100K Welcome Bonus Offer

Right now, eligible applicants of the Chase Sapphire Preferred card can earn 100,000 bonus points after spending $5,000 on purchases in the first 3 months of account opening. This is the best welcome bonus ever offered by the Chase Sapphire Preferred card.

LIMITED-TIME OFFER

Terms Apply / Rates & Fees

Chase Sapphire Preferred^® Card

U.P. Rating

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 OfferEarn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
100,000 points

UP's Offer Valuation*:
$2,000

Annual Fee

$95

APR

19.99% - 28.24% Variable

Credit Recommended

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 100,000 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, $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: 19.99% - 28.24% Variable
Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

At Upgraded Points, we publish a monthly valuation of points and miles programs. Using these numbers, we estimate Chase Ultimate Rewards points to be worth 2 cents each, making 100,000 Chase points are worth $2,000 for travel.

However, when you cash out these Ultimate Rewards points, they’re worth just 1 cent each (worth $1,000), so you might be wondering why our valuation is double that number.

We’ve assigned a value of 2 cents per point to Chase Ultimate Rewards points for 2 reasons: the flexibility of these points and the strategic value from Chase’s transfer partners.

In fact, it is not uncommon for Upgraded Points team members and readers to redeem their Ultimate Rewards points at 2 cents, 3 cents, and even greater than 4 cents per point. Let’s look at how you can do that with 100,000 Ultimate Rewards points.

1. Take up to 20 Flights Within the U.S.

Using your Chase Ultimate Rewards points for domestic flights can provide incredible value.

Rather than paying $75 or more for a short flight with United Airlines, why not redeem just 5,000 miles and pay $5.60 in mandatory taxes and fees? That will give you a flight from San Francisco (SFO) to Orange County (SNA), California, in economy.

United MileagePlus redemption 5k SFO SNA — That’s a steal for airline redemptions. Image Credit: United Airlines

Since you can can transfer Chase Ultimate Rewards to United MileagePlus at a 1:1 ratio, you’ll need just 5,000 Chase points to book this flight. If you’ve got 100,000 Ultimate Rewards points, you could easily book 20 of these flights!

2. Book 8 Round-Trip Flights to Europe

Want to jet off across the Atlantic? Whether you’re heading to London, Paris, Frankfurt, or other European getaways, your Ultimate Rewards points can help you get there.

Using transfer partner Virgin Atlantic Flying Club, you can fly nonstop from the East Coast to London (LHR) starting at 6,000 points plus $74 in taxes in economy. If you want to fly more comfortably, deals are available for 10,500 points per passenger in premium economy and 29,000 points each in Upper Class, the airline’s business class.

Virgin Atlantic redemption 29k JFK LHR — Taxes and fees aren’t ideal in premium cabins, but it’s still a good deal. Image Credit: Virgin Atlantic

If you’re heading to continental Europe, Emirates operates flights to both Milan (MXP) and Athens (ATH), and you can snag a seat for just 17,500 miles plus $54 per person in economy. You book this by transferring Chase points directly to the Emirates Skywards program.

Emirates redemption JFK MXP 17500 points economy — 17,500 points is a good price for a nonstop flight over the ocean. Image Credit: Emirates

Alternatively, you can transfer points to Air Canada’s Aeroplan program and fly from the East Coast to Europe from 60,000 points per person in business class with lie-flat seats. You’d fly with airlines like Lufthansa or SWISS Air.

Aeroplan redemption Eurowings Discover 60k business PHL FRA — That’s a great deal for business class, but better pricing exists for economy. Image Credit: Air Canada

With flights costing as little as 6,000 points per person between the U.S. and Europe, you can book up to 16 hops across the pond using 100,000 Ultimate Rewards points. That’s 8 round-trip bookings.

3. Spend up to 28 Hotel Nights With Hyatt

The World of Hyatt hotel program uses a fixed award chart, so you know exactly how many points you’d need for its hotels and resorts. Category 1 properties start at 3,500 points per night on off-peak dates.

Lest you think those are all properties in the middle of nowhere in locations you’d never want to visit, check out the Hyatt Place Los Cabos in Baja California Sur, Mexico. A standard room on multiple dates is available for 3,500 points per night, and it includes complimentary breakfast and is right across the street from the beach.

Hyatt Place Los Cabos 3500 points redemption — Using points for a hotel doesn’t get cheaper than this. Image Credit: Hyatt

At the other end of the spectrum, prices start at 35,000 points per night at Category 8 properties — Hyatt’s top category for hotels and resorts that aren’t all-inclusive. For instance, the Everline Resort & Spa near Lake Tahoe has ski-in access with a chairlift right outside the hotel, among its numerous amenities. Don’t like snow? Visit in the summer for golf and enjoy the year-round heated pool no matter when you visit.

Hyatt Everline Resort Spa Lake Tahoe 35000 points redempion — You have nearly enough points for 3 nights here. Image Credit: Hyatt

With 100,000 Chase Ultimate Rewards points, you have nearly enough points for 3 nights during off-peak stays at Category 8 properties or 28 nights at Category 1 hotels during off-peak dates.

Hot Tip:

There are numerous ways to redeem World of Hyatt points for incredible value. Check out our favorites!

4. Score a Business Class Ticket — to Nearly Anywhere

Flying in a lie-flat seat with extra comfort and extra amenities on a long flight can help you arrive feeling refreshed and ready to explore your new destination. With 100,000 Ultimate Rewards points, you can fly nearly anywhere in business class — or fly there and back to some destinations.

From the U.S., there are few destinations as far as Australia. This 15-hour, nonstop flight from San Francisco to Sydney (SYD) costs 100,000 United MileagePlus miles, and you can transfer Chase points to United at a 1:1 ratio. These flights typically cost over $4,300 one-way.

United redemption SFO SYD business — Image Credit: United Airlines

But you’d spend fewer points for destinations that aren’t so far away. Considering a flight from Washington, D.C. (IAD) to London for 29,000 points per person in business class, booked through Virgin Atlantic Flying Club. At this rate, you could book 3 tickets and still have 13,000 points left over! Booking this as a round-trip flight with Virgin Atlantic would cost at least $3,600.

Virgin Atlantic redemption IAD LHR — You won’t find flights to Europe for fewer points than this! Image Credit: Virgin Atlantic

Between the cheap and expensive extremes we’ve shown, you’ll find flights to South America, Africa, and other points on the globe that you can book.

5. Book $1,000 to $1,500 in Chase Travel Purchases

The Chase Travel portal allows you to easily use your points like cash to book hotels, flights, rental cars, and even activities like safaris or theme park tickets. If you hold a Chase credit card with no annual fee, points are worth 1 cent each toward travel bookings. That means 100,000 points would let you book $1,000 of travel in the portal.

However, the Chase Sapphire Preferred card (as well as the Ink Business Preferred^® Credit Card) lets you use your points at 1.25 cents apiece toward these reservations. That means 100,000 Ultimate Rewards points could provide $1,250 worth of hotels, flights, activities, and rental cars through the bank’s travel portal.

Hotel Villas Flamingos Mangle beach bar sunset — Hotel Villas Flamingos on Isla Holbox, Mexico. Image Credit: Ryan Smith

For those with the premium Chase Sapphire Reserve^®, points are worth 1.5 cents each in the travel portal, letting you book $1,500 worth of travel in the portal using 100,000 Ultimate Rewards points.

You’ll notice these numbers are lower than the value we’ve assigned to Chase Ultimate Rewards at 2 cents each. Choosing to redeem points at 1 to 1.5 cents apiece when you could use them for more may not make sense at first. However, using points in the travel portal is great when there’s no availability via transfer partners — such as a boutique hotel that doesn’t have a rewards program or booking a safari with points — can prove to be incredibly convenient.

Final Thoughts

We’ve only scratched the surface when it comes to all the things you can do with Chase points, but it should give you an idea of the value of 100,000 Ultimate Rewards points. And now, it’s possible to score all of those points from a single welcome bonus offer on the Chase Sapphire Preferred card.

You could use these points for thousands of dollars in business-class award flights, book over $1,000 of travel and activities in the travel portal, or spend nearly a month in a hotel. The choice is yours.