What Is the Value of 75K Chase Ultimate Rewards Points?

The Chase Sapphire Preferred^® Card and the Chase Sapphire Reserve^® earn valuable Ultimate Rewards points. But what exactly are these points worth, and how can you redeem them to get the most value possible?

Take a seat, grab a coffee, and read on, as we will answer just that and show you some real-life redemption strategies to maximize the value of a pool of 75,000 points.

How To Earn 75,000 Chase Ultimate Rewards Points

It’s relatively easy to earn 75,000 Chase Ultimate Rewards points quickly by applying for the Chase Sapphire Preferred card or the Chase Sapphire Reserve card. Thanks to Chase’s amended application rules, it’s now possible to hold both Chase Sapphire cards at the same time.

For a card with a $95 annual fee, earning a large sum of rewards after meeting minimum spending requirements can be an incredibly valuable opportunity, worth $1,500 for travel.

BEST FIRST TRAVEL CARD

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

19.49 - 27.74% 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 card application.

Good to Excellent

Why We Like This Card

The Chase Sapphire Preferred card bonus categories include travel, dining, online grocery purchases (excluding Walmart, Target, and wholesale clubs), gas, EV charging, vacation home rentals with top brands, and streaming services.

It offers flexible point redemption options, no foreign transaction fees, and strong travel insurance coverage, including primary car rental insurance. If you travel a few times a year and spend on dining, the card is likely to be a good choice, but it’s hard to justify if you don’t dine out or travel often.

Pros & Cons

Pros

• 5x points on all travel booked via Chase Travel
• 3x points on dining purchases, online grocery purchases (excluding Walmart, Target, and wholesale clubs), gas, EV charging, vacation home rentals with top brands (such as Airbnb and Vrbo), and select streaming services
• 2x points on all other travel worldwide

Cons

• $95 annual fee
• Subject to Chase’s 5/24 application restrictions

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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, 3x on vacation homes at top brands, 3x on gas & EV charging, 3x on top streaming services and online groceries (excluding Walmart, Target, and wholesale clubs), 2x on all other travel purchases, 1x on all other purchases.
• Earn up to $100 in statement credits each account anniversary year for hotel stays through Chase Travel.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Coverage, Emergency Evacuation and Transportation, and more.
• Get a year of complimentary Apple TV when activated by December 31, 2026 - a value of $180.
• Complimentary DashPass membership, a $120 value for 12 months. Enjoy $0 delivery fees and reduced service fees on eligible DoorDash orders, plus exclusive Chase savings on grocery, everyday essentials, and more. Activate by 12/31/29.
• Receive one statement credit of up to $120 every four years as reimbursement for the application fee charged to your card for a Global Entry, TSA Precheck^® or NEXUS application.
• Transfer points to leading airline and hotel loyalty programs.
• Member FDIC

Financial Snapshot

• APR: 19.49 - 27.74% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

The more premium Chase Sapphire Reserve card offers a massive welcome offer as well, but it’s designed for luxury travelers who can fork over the $795 annual fee. Here’s the current publicly available welcome offer:

• Earn 100,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.

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 100,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.

100,000 points

UP's Offer Valuation*:

$2,000

Annual Fee

$795

APR

19.74% - 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 card application.

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

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Card Highlights

• Earn 100,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.
• Get $3,000 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, a statement credit of up to $120 every four years as reimbursement for the application fee charged to your card for a Global Entry, TSA Precheck^® or NEXUS application.
• Get up to $150 in statement credits from January through June and again from July through December for a maximum of $300 annually when you dine at restaurants 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 subscriptions to Apple TV and Apple Music for a minimum of one year when activated by June 22, 2027, a value of $324 annually.
• Member FDIC

Financial Snapshot

• APR: 19.74% - 28.24% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

Once you have one card (or both), you can continue to earn bonus points in their respective categories. For example, the Chase Sapphire Preferred card earns 5x points on Chase Travel bookings, so roughly $15,000 in eligible travel spend would help you earn 75,000 Ultimate Rewards points. On the other hand, the Chase Sapphire Reserve card earns 8x points on Chase Travel bookings, so you’d need $9,375 in travel spend to replenish on 75,000 points.

Our Valuation of Chase Ultimate Rewards Points

At Upgraded Points, we publish a monthly valuation of points and miles programs. Therefore, we estimate Chase Ultimate Rewards points to be worth 2 cents per point, so 75,000 Chase points are worth $1,500.

When looking at the cash-back redemption rate of these points at 1 cent per point, you might be wondering why our valuation is double that.

We’ve assigned a valuation of 2 cents per point to Chase Ultimate Rewards points because of how flexible these points are and the amount of value we know you can regularly get when making strategic use of the Chase transfer partners.

In fact, it is not uncommon for Upgraded Points team members and readers to book redemptions that eclipse 2 cents, 3 cents, and even greater than 4 cents per point. Let’s take a look at some redemptions that can offer just that on the Chase Sapphire Preferred card and Chase Sapphire Reserve card with 75,000 points.

Up to 9 Short-Haul Flights With American or Alaska

If you’ve booked a domestic flight recently, you might have noticed they are more expensive than ever. Even worse, many U.S. airlines have ditched award charts and switched to a dynamic pricing program that ties the number of points needed for a ticket to a cash price.

Fortunately, there are still ways to score outsized value on these flights, but you have to know where to look. Take, for instance, the British Airways Club program, a Oneworld partner of American Airlines and Alaska Airlines.

Since the British Airways program uses a distance-based partner award chart, flights will be priced based on the distance between the 2 cities you are flying between, and not the cash price of the ticket.

For flights up to 650 miles, you’ll need just 13,500 Avios for a one-way ticket in economy. Flights up to 650 miles include city pairs like New York to Charlotte, Chicago to Atlanta, San Francisco to San Diego and even international routes like Miami to Turks and Caicos.

At 13,500 Avios per one-way flight, 75,000 points would allow you to book up to 5 of these flights.

If you want to fly to a father destination, flights between 651-1,150 miles include New York City to Miami. They can be booked for just 18,000 Avios, allowing you to book up to 4 one-way (or 2 round-trip) flights.

Leveraging the loyalty program of the flagship carrier of the U.K. to book a flight with a U.S. airline between 2 U.S. cities might seem confusing. Even so, the process is actually quite simple once you get the hang of it, and the additional effort is worth it, given the number of points you’ll save on each booking.

2 Round-Trip Flights to Europe

If you’ve been dreaming of a European holiday, 75,000 points can be all that you need to get those flights booked for your next adventure.

Through the Air France/KLM Flying Blue program, a Chase transfer partner, you can score economy tickets from the U.S. to Paris or Amsterdam for as low as 30,000 Flying Blue miles round-trip.

This means 75,000 points could easily cover 2 round-trip tickets and leave points left over toward your hotel stay — or even to be saved toward your next trip.

Air France and KLM fly between Paris and Amsterdam and cities like Atlanta, Boston, Chicago, New York, and Washington D.C., giving you plenty of options for departure cities to fly out of.

A 5-Night Hyatt Hotel Stay

World of Hyatt is a fan-favorite in the points and miles community as it is one of the few remaining hotel chains to have an award chart and offer solid redemption value for your points.

Hyatt properties can cost as low as 3,000 points per night and as high as 75,000 points per night. There are many sweet spots to be had at Category 4 properties, which have starting rates of 15,000 points per night. At this rate, you’d be able to book a 5-night stay with 75,000 points.

Some great Category 4 Hyatt properties around the world include the Andaz Savannah, Andaz Mexico City Condesa, and the Park Hyatt Mendoza, to name a few. It is not uncommon for nights at many of these hotels to reach $300 to $400 per night.

Business Class Ticket to Asia

Whether you fly from the East Coast or the West Coast, a nonstop flight from the U.S. to Asia is sure to last anywhere from 12 to 15 hours, which is an awful long time to be scrunched up in economy.

But with 75,000 points, you can splurge on a business class ticket from the U.S. to many Asian cities, where you’ll enjoy a more comfortable cabin, better dining and a lie-flat bed so that you can actually get some sleep on this very long flight.

Thanks to the Air Canada Aeroplan program, a Chase transfer partner, you can book a one-way ticket in business class to cities like Taipei, Tokyo, Seoul, and more aboard many of its Star Alliance partners like Asiana Airlines, EVA Airways, and United Airlines.

Given that these tickets can often cost anywhere from $3,000 to $5,000, this can give you exceptional value for your points of anywhere from 4 cents to 6.7 cents per point.

In this case, the 75,000 points you earn would be worth $937.50 and $1,125, respectively, toward purchases through Chase Travel. Further, you can use these points toward a variety of travel purchases—think flights, hotels, rental cars, cruises, and more — without worrying about locating award space.

Final Thoughts

These are just a few examples of how you can redeem your Chase points for maximum value.

Again, the reason we value Chase points so highly is because of their flexibility and access to the Chase transfer partners. Thanks to these transfer partners, 75,000 Chase Ultimate Rewards points can get you just about anywhere in the world that you’d like to go.

Given that, if you’ve been considering adding the Chase Sapphire Preferred card and Chase Sapphire Reserve card to your wallet, now is a great time to do so to take advantage of them.

A full overview of all Chase cards is available for those weighing up which card to start with.