Chase Ultimate Rewards Points Cash Value

Chase Ultimate Rewards Points Value

Calculate the cash value of Chase Ultimate Rewards Points based on redemption. Get the list of ways you can use your Chase Points.


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Chase Ultimate Rewards Points are worth 1.25 cents for Chase Sapphire Preferred and Chase Ink Business Preferred cardholders and 1.5 cents for Chase Sapphire Reserve cardholders. These values are due to the bonus 25% and 50% point boosts these cards receive when redeeming Ultimate Rewards Points on the Chase Travel Portal. In addition to redeeming points on the travel portal, points can be used for gift cards, cash back, and can be transferred to over 10 travel partners.

Ultimate Rewards Points Cash Value

The sections below will cover everything you can use Ultimate Rewards Points for and the cash value you will get out of each of the redemptions. Do note that all redemptions may not have a designated point value due to varying prices or hidden/unknown cash prices. You can use the calculator in the table below to calculate the dollar value of your Chase Ultimate Rewards Points for all redemptions covered in this section.

Ultimate Rewards Points Cash Value Calculator
UR Points
Transferring To Partners
2+ Cents (Aggressive)
$0+
Chase Sapphire Reserve Cardholders
1.5 Cent Per Point
$0
Chase Sapphire Preferred / Ink Business Preferred Cardholders
1.25 Cent Per Point
$0
Apple Merchandise
1 cents
$0
Cash Back
1 cents
$0
Gift Cards
1 cents
$0
Basic Travel Redemption
1 Cent Per Point (cash back cards; no UR card)
$0
Amazon
0.8 cents
$0

Redeem Chase Points For Travel

Chase Ultimate Rewards Points can be redeemed through the Chase Travel Portal or they can be transferred to partners. Generally, transferring to partners will give your points the best value, but redeeming them through the Chase Travel Portal is also a solid choice. Regardless of which route you take, using them for travel will get the most value.

Transferring Ultimate Rewards Points To Partners

Ultimate Rewards Points can be transferred to several airline and hotel partners at a rate of 1,000 Ultimate Rewards Points for 1,000 miles/points in the partnering program. Not only does this allows you to build up rewards at a much faster rate than most co-branded airline and hotel cards, it gives you flexibility when it comes to using your rewards. Instead of being stuck using your rewards with a specific program, you can transfer your points to whichever program you want when the time calls for it.

On top of flexibility, you also have a chance to get a better cash value out of your points. Ultimate Rewards Points redeemed through the Chase Travel Portal as a Chase Sapphire Reserve cardholder with max out at a value of 1.5 cents each. Transferring, on the other hand, will give your points the value of the airline miles or hotel points you're transferring them to. Airline miles and hotel points can be worth as little as 0.2 cents and as high as 6+ cents depending on the redemption. This means when you transfer your Ultimate Rewards Points to a partner, you want to make sure you're getting great value. For example, take a look at the Marriott Property listed below.

A superb value!

Using Marriott Bonvoy Points for the Residence Inn Atlanta Midtown/Georgia Tech gives the points a value of 1.95 cents each. Now Marriott Bonvoy Points average around 0.7 cents each for most properties, but it's relatively easy to find great value by just browsing through the hotels in the area you're staying in. This means if you were to transfer 17,500 Ultimate Rewards Points to Marriott Bonvoy Points at a 1:1 ratio and redeem them for this property, your Ultimate Rewards Points would have a value of 1.95 cents each. The same works for airlines. Airlines can be a little harder, but there's deals out there to be found. Jumping over to the Virgin Atlantic website, I was able to find great deals on Delta One flights with ease from Detroit to Amsterdam.

Experience Delta One for only 50,000 Flying Club Miles!

Not too shabby of a deal! That same flight going through Delta's website will cost you 80,000 Skymiles.

The same flight costs 80,000 Skymiles

And the cash price? Well... you don't want to pay that...

Ahem... no thanks!

So with all that in mind, what can you do to get the best value? You can transfer 50,000 Ultimate Rewards Points to Virgin Atlantic. This will give your Ultimate Rewards Points a value of 16.9 cents each. Yes, you read that right. Now of course this isn't always going to be the case, but you can see where transferring your points can get you a range of different values. Below is another Delta One flight, but round-trip...

Roundtrip for 100k Flying Club Miles and $51.03. Not bad!

And that same booking through Delta? No luck there...

So if you were to transfer 100,000 Ultimate Rewards Points to Virgin Atlantic Flying Club Miles, your points would have a value of 3.2 cents each [($3,273 - $51) / 100,000 Points]. This is why transferable point programs such as Ultimate Rewards, Membership Rewards, and ThankYou Rewards are the top rewards programs in the United States. You can check out the Ultimate Rewards Points Transfer Calculator to learn about Chase's partners and to calculate the transfer of Ultimate Rewards Points to their 10+ airline/hotel partners.

Redeeming On The Chase Travel Portal

You will not always get redemptions of 3.2 to 16.9 cents for various transfer redemptions with Ultimate Rewards Points and when those redemptions do present themselves, the times will not always line up with your schedule. And what if the airline you want to fly is not a transfer partner? So what can you do in these cases? Redeem your points through the Chase Travel Portal!

Chase Sapphire Preferred and Chase Ink Business Preferred cardholders will earn a 25% boost to point value when making redemptions through the Chase Travel Portal giving points a worth of 1.25 cents each. Chase Sapphire Reserve cardholders will get an even greater boost of 50% for a value of 1.5 cents each. This is a chance to get some solid value out of your points when transferring isn't an option. So a $400 travel cost through the portal would only cost 32,000 Points for Sapphire Preferred and Ink Preferred cardholders and 26,667 Points for Sapphire Reserve cardholders. Sure it's not the highest value, but it's still an easy way to save some money on a redemption!

Redeem Chase Points For Cash

Ultimate Rewards Points can be redeemed for cash back at the value of 1 cent per point. This means 100 Ultimate Rewards Points will give you a $1 in cash back. There is no minimum redemption level for cash back redemptions. While not the best use of Ultimate Rewards Points, it's always nice to have another way to redeem them at a solid rate. Many similar reward programs are not this generous. Capital One Venture Miles cash back redemptions are at 0.5 cent each when not travel related and AMEX Membership Rewards Points will give you a value of 0.6 cents per point each when you apply it as statement credits.

Redeem Chase Points For Gift Cards

Ultimate Rewards Points can be used to pick up gift cards from top retailers at an average value of 1 cent per point. Some gift cards are offered at a slight discount which can get you a little more than a cent per point as well. Below are some of the available cards you can grab up using your Ultimate Rewards Points. You can log into your Ultimate Rewards Account to see the full list of gift cards available.

  • Hello Fresh
  • Lowes
  • Wayfair
  • The Home Depot
  • Barnes & Noble
  • Kohl's
  • Bath & Body Works
  • Spotify
  • Panera Bread
  • Happy Eats
  • Atom
  • Build-A-Bear Workshop
  • Xbox
  • The Children's Place
  • Google Play
  • Lord & Taylor
  • Ulta Beauty
  • Saks Fifth Avenue / OFF 5th
  • Nike
  • REI

Amazon Shop With Points

Amazon's Shop With Points program allows you to use points from various rewards programs to pay for your purchases on the Amazon website. Using your Ultimate Rewards Points on Amazon will give you a value of about 0.8 cents per point. While this is not a bad rate, you can redeem Ultimate Rewards Points for cash back at 1 cents each and use that cash back to make purchases on Amazon. So I would not necessarily advise using your points directly with Amazon as you would be losing out on 0.2 cents in value per point redeemed.

Amazon allows you to Shop With Points through the following programs:

Redeem Chase Points With Apple

Ultimate Rewards Points can be applied towards Apple Merchandise through their portal. You will get a value of 1 cents point for these redemptions. Again, not the best redemption for Ultimate Rewards Points, but still something to consider since it's at least a decent value. Personally, I recommend putting big ticket items on cards with great purchase protection and warranty benefits such as the AMEX Platinum Card. You can also finance Apple purchases with the Barclays Apple Rewards Card for 6, 12, or 24 months and earn 3 Apple Rewards Points per $1 spent that you can apply towards Apple and iTunes gift cards.

Redeem Chase Points With Apple

Ultimate Rewards Points can be applied towards Apple Merchandise through their portal. You will get a value of 1 cents point for these redemptions. Again, not the best redemption for Ultimate Rewards Points, but still something to consider since it's at least a decent value. Personally, I recommend putting big ticket items on cards with great purchase protection and warranty benefits such as the AMEX Platinum Card. You can also finance Apple purchases with the Barclays Apple Rewards Card for 6, 12, or 24 months and earn 3 Apple Rewards Points per $1 spent that you can apply towards Apple and iTunes gift cards.

Ultimate Rewards Points Videos

Subscribe to The Point Calculator on YouTube and follow along as I calculate the cash value of credit cards, compare top reward cards side by side, and inform you of the best ways to build your points, miles, and cash back.

Top Ultimate Rewards Points Videos

Transfer Ultimate Rewards Points

Outside of redeeming Ultimate Rewards Points directly with Chase, you can also transfer points to 10+ airline and hotel partners at a 1:1 ratio. This gives you the chance to earn even more value from your rewards due to the high value that you can usually obtain with airline miles and (sometimes) hotel points. I recommend checking out Chase's transfer partners to see if transferring may be the better option for you!


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Page Last Updated: 2019-08-06

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