Chase Ultimate Rewards Points
The Most Flexible Bank Points Program
Chase Ultimate Rewards points are widely considered the most valuable bank currency thanks to a deep roster of transfer partners and the ability to redeem through the Chase travel portal at up to 1.5¢ per point.
Redemption Values
Current cents-per-point (CPP) estimates based on award chart pricing and community data. Values updated as programs change.
| Redemption Type | Value (CPP) | Confidence |
|---|---|---|
| Transfer to Hyatt | 2¢ | High |
| Transfer to United | 1.5¢ | High |
| Transfer to Southwest | 1.5¢ | High |
| Transfer to British Airways | 1.5¢ | High |
| Chase Travel Portal (Sapphire Reserve) | 1.5¢ | High |
| Chase Travel Portal (Sapphire Preferred) | 1.25¢ | High |
| Statement credit / cash back | 1¢ | High |
Transfer Partners
All transfers are 1:1 unless noted. Transfer usually posts within minutes.
Best Cards for Earning Chase Ultimate Rewards
- ✓Chase Sapphire Preferred® (60,000-point bonus)
- ✓Chase Sapphire Reserve® (60,000-point bonus)
- ✓Chase Ink Business Preferred® Credit Card
- ✓Chase Freedom Unlimited® (earns cash-back convertible to UR)
Frequently Asked Questions
What is a Chase Ultimate Rewards point worth?
The baseline value is 1¢ per point for cash back. When transferred to World of Hyatt, you can typically get 1.5–2¢ per point. Top-end redemptions via Singapore KrisFlyer for business class to Asia can exceed 2¢.
How do I transfer Chase points to airlines and hotels?
Log into your Chase account, navigate to the Ultimate Rewards portal, and select 'Transfer to travel partners.' Transfers are typically instant for airlines and hotels. You need a premium Sapphire or Ink card to access transfer partners.
Do Chase Ultimate Rewards points expire?
Points don't expire as long as your account is open. However, if you close your Sapphire or Ink card, you have 30 days to redeem or transfer your points.
Can you pool Chase points from multiple cards?
Yes. You can combine points from Chase Freedom, Freedom Flex, Freedom Unlimited, and business cards into a Sapphire or Ink card account, then transfer them to travel partners.
Related Strategy Guides
Find the best way to use your Chase Ultimate Rewards
Enter your balance and our AI will show you the highest-value redemptions available right now — including transfer bonuses and partner sweet spots.
Optimize my Chase Ultimate Rewards →