Chase Points Value

Redemption Options & Cash Value Calculator

Calculate the cash value of Chase Ultimate Rewards Points based on redemptions. Details on the best ways to maximize your point value.


The best value of Chase Ultimate Rewards Points will come from redeeming your points for travel. You can obtain a value of 1.25 or 1.5 cents when redeeming through the Chase Travel Portal or take a shot at higher value when transferring to Chase's transfer partners. You can also use Ultimate Rewards Points towards purchases made on the card, gift cards, cash back, Apple products, and more.

Chase Points Value Calculator

Use the Chase Points Value Calculator to calculate the average cash value of your Ultimate Rewards Points based on different redemption options. You can enter any amount of points in the calculator below.

Chase Points Value Calculator

Enter any amount of points to see the average cash value.
Points
Transferring To Partners
2+ Cents (Aggressive)
$0+
Chase Travel Portal - Sapphire Reserve
1.5 Cent Per Point
$0
Chase Travel Portal - Sapphire Preferred & Ink Business Preferred
1.25 Cent Per Point
$0
Chase Travel Portal - Other Cards
1 Cent Per Point
$0
Apple Merchandise
1 cents
$0
Cash Back
1 cents
$0
Gift Cards
1 cents
$0
Amazon
0.8 cents
$0

The average value of Chase Ultimate Rewards Points highly depend on how you plan on redeeming them. If you're not transferring them to partners, your max value will typically be either 1.25 or 1.5 cents per point.

The table below shows the value of Chase Ultimate Reward Points when redeemed for travel through the Chase Travel Portal for several denominations.

Chase Points Value - Chase Travel Portal
Chase Points Sapphire/Ink Preferred Sapphire Reserve
10,000 Points $125 $150
25,000 Points $312 $375
50,000 Points $625 $750
75,000 Points $937 $1,125
100,000 Points $1,125 $1,500
120,000 Points $1,500 $1,800
150,000 Points $1,875 $2,250

Redeem Points For Travel

The best value you can obtain from using Chase Ultimate Rewards Points will be when you redeem them for travel. Transferring your points to Chase's airline and hotel partners will give you the chance to get the highest value, but redeeming them directly through the Chase Travel Portal is also a great option that should also be considered.

Chase Travel Portal

Redeeming your Ultimate Rewards Points using the Chase Travel Portal will give your points a value of 1.25 cents or 1.5 cents each depending on which Ultimate Rewards Cards you have. This is due to the 25% and 50% boost these cards offer when redeeming your points directly though the portal.

Chase Points Value For Chase Travel Portal
Chase Sapphire Reserve 1.5 Cents
Chase Sapphire Preferred 1.25 Cents
Chase Ink Business Preferred 1.25 Cents

This is the easiest way to obtain solid value when redeeming your points. For example, here's how many points would be required to cover a $300 airline ticket purchased through the Chase Travel Portal.

Chase Points Value - Chase Travel Portal
Chase Credit Card Points Needed
$300 Airfare Ticket
Chase Sapphire Reserve 20,000 Points
Chase Sapphire Preferred 24,000 Points
Chase Ink Business Preferred 24,000 Points

Most programs max out a 1 cent in value when redeeming points towards travel. This gives the Chase Ultimate Rewards program the upper hand when it comes to simple travel redemptions when transferring points is either not an option or not the best option.

Transferring Points To Partners

Transferring Ultimate Rewards Points to Chase's airline and hotel partners can give you the opportunity to obtain more than the 1.25 or 1.5 cents in value you can easily obtain from the Chase Travel Portal. Chase's transfer partners are:

  • Air France-KLM Flying Blue
  • British Airways
  • Emirates
  • Iberia
  • JetBlue Airways
  • Singapore Airlines
  • Southwest Airlines
  • United Airlines
  • Virgin Atlantic Airways
  • Hyatt
  • Marriott
  • IHG

Domestic Flights

Chase's airline partners will usually be the easier way to obtain higher value over Chase's hotel partners. Chase has 9 airline partners which are:

When transferring your Ultimate Rewards Points to partners, you'll want to keep in mind the average value you can obtain from these programs. This is very important when trying to decide if it's worth transferring points or redeeming through the Chase Travel Portal. Many of these programs have an average mile value of 1.2 to 1.5 cents per mile each when it comes to your basic redemptions.

For example, I value United Miles to be around 1.2 cents on average for your standard redemptions. A flight from Columbus, Ohio to Tampa, Florida during a weekend in March would cost me $337 per person.

If I were to pay in United Miles, it would cost 22,000 Miles plus $5.60.

This redemption would give my United Miles a value of 1.5 cents each almost on the dot. Here's where you'll have to make a decision on what the best options is.

As a Chase Sapphire Preferred or Chase Ink Business Preferred cardholder, I would transfer my Ultimate Rewards Points to United so that I could redeem them for this value of 1.5 cents per point which is better than the 1.25 cents I would normally get booking through the portal.

As a Chase Sapphire Reserve cardholder, I would book my travel through the Chase Travel Portal. This because A) there's no real additional value to be obtained transferring points to United and B) I would be able to earn frequent flyer miles and accrue status points on this booking in which is not possible when booking award flights directly through United.

Here's another example using Southwest Airlines. The cheapest cost in cash I found was $285.96.

The cheapest cost in Southwest Rapid Rewards Points for the same day is 19,968 points plus $11.20 in taxes/fees.

This redemption would give my Southwest Points a value of 1.37 cents each. This is pretty similar to the last example. As a Chase Sapphire Preferred or Chase Ink Business Preferred cardholder, transferring points to Southwest and redeeming them for travel at 1.37 cents each would give you a better value than the 1.25 cents you would get using the Chase Travel Portal. Chase Sapphire Reserve cardholders would be better off redeeming directly through the Chase Travel Portal for a higher value of 1.5 cents per point.

If you're chasing status with Southwest, you might consider redeeming your points through the Chase Travel Portal as a Chase Sapphire Preferred or Chase Ink Business Preferred cardholder since you're only looking at a 0.12 cent difference. If you don't care for status with Southwest (or any particular airline), then you'll want to go for the best value.

First/Business & International Flights

If you're looking to obtain exception value, then you'll want to direct your attention towards first and business class flights as well as international flights with Chase's airline partners. This is typically where you can find the best value when transferring Chase Ultimate Rewards Points since these type of tickets can cost you anywhere from a few hundred dollars to a "few" tens of thousand dollars.

Let's take a look at Virgin Atlantic Airways. If you're looking to experience Delta One Suites for a fraction of the cost that Delta charges through their own website, this is the route to go. Here's a Delta One Suites flight round-trip from JFK to Amsterdam for 100,000 Virgin Points plus $55.25 in taxes.

The cheapest cost for a Delta One flight on the same day (as well as the days around it) is $3,318.95 per person.

Jumping over to Delta's website, you can save a few dollars when you book Delta One directly though them.

...but what you will not save is miles booking through Delta. The cost to book the same flight is more than double the cost!

At a cost of 100,000 Virgin Points (plus taxes/fees) and the cheapest value of $3,297.55 when booked through Delta, you're looking at a point value of 3.29. Regardless of which Chase credit card you have, transferring your points would give you exception value way over the 1.25/1.5 cents you would get from the travel portal.

These type of bookings will generally give you the best value. If you're looking for high value, the best and easiest value can be found booking:

  • Emirates
  • Singapore Airlines
  • Virgin Atlantic Airlines

You can also find some good value booking upper class tickets with United Airlines and British Airways, but it will typically require a little bit more research.

Scott's Cheap Flights notifies you of cheap fares from top airlines departing from airports you choose. I use this in combination with my points and miles to redeem fewer points, save money and (of course) take more trips, locally and internationally. They have a free and paid premium verison. Check Them Out!

World of Hyatt

If you want easy values of 1.8 cents per point or higher, guide your eyes towards the World of Hyatt program. Hyatt Points offer the most value out of any other major hotel rewards program (at least in the U.S.) and is hands down one of the best transfer partners to obtain exceptional value with very little effort. Thanks to the fact that Hyatt displays the cost in points and cost in cash at the same time allows you to easily find out which hotels offer you great value.

Here's the first few properties that pop up searching Tampa for a weekend in April:

These properties offer between 2.1 and 3.8 cents in value per point which is superb.

While you can obtain great value from Hyatt, you'll still want to run the math because there are instances in which you can still get lower than 1.25/1.5 cents per point when booking through them. For example, look at these first few properties for Houston, Texas:

Most of these hotels offer between 1.35 cents and 1.77 cents per point with the exception of Hyatt Place Houston/Galleria which offers a whopping 3 cents per point. Don't get it wrong... these redemptions are still better than 1.25/1.5 cents each you would get from using the Chase Travel Portal. Transferring your points is still worth it, but just note that I value Hyatt Points to be around 1.8 cents each on average so these redemptions are on the low side for Hyatt.

Another thing worth noting is that, Chase is Hyatt's only direct transfer partner. In terms of credit card spend, you can only earn Hyatt Points transferring from Chase's Ultimate Rewards program or by using the Chase World of Hyatt Card.

Handy Hyatt Calculator: Calculate total Hyatt Points and the cash value using the Chase World of Hyatt Card Point Calculator based on your spend.

Marriott Bonvoy and IHG Rewards Club

I value Marriott Bonvoy Points and IHG Points to be worth an average of around 0.7 cents each. While it is possible to find high redemption values with both properties, this will usually require some heavy research, back and forth comparisons, and number juggling. This means that transferring your Ultimate Rewards Points to these programs will generally take away from the value you can obtain using the Chase Travel Portal.

Marriott offers it's fifth night free benefit when you book a 5 consecutive night stay at any of there properties. Combine this benefit with a low Category 1 or 2 property or with a high category 8 property and you have the chance to easily get 1 cent or more in value. For example, this category 2 hotel in Chillicothe is usually quite costly (for good reason as it's a very nice hotel). A 5-night stay in April would cost 52,500 points or $890 ($178 per night w/ taxes and fees).

This redemption would give your points a value of 1.69 cents each which is great for Marriott. The same goes for Marriott's high category 8 properties which can cost thousands of dollars per night, but go for 80,000 to 100,000 points per night. Maldives is a fine example. You can stay at the St. Regis Maldives Vommuli Resort for 400,000 points total in April or you can fork up $1,621 USD per night.

This redemption gives your points a value of 2 cents each which again is great for Marriott Bonvoy Points.

The same applies for IHG properties. You'll need to find cheap properties or expensive properties and combine it with their 4th night free benefit, though it will be even harder to find 1+ cent value than Marriott's properties. Just note that the IHG 4th night free benefit is only available to those who have the IHG Premier Card or IHG Traveler Card whereas the 5th night free benefit for Marriott is available to all Marriott Bonvoy members.

My Two Cents

As an additional note to transferring points to airline and hotel programs, just because you aren't getting exceptional value doesn't mean it's always a bad idea to transfer your points. Sometimes it's easier (and faster) to transfer a small amount of Ultimate Rewards Points to top off your airline or hotel account. I'm not saying transfer 100,000 points and redeem them for extremely low value, but don't be afraid to transfer a few thousand points if needed.

Another thing is using the Chase Travel Portal. Redeeming points through the portal for 1.25 and 1.5 cents each can provide great value. Transferring points will earn you a higher value depending on the redemption, but don't feel forced to do so. I know many strive for first/business class seats on U.S. airlines and 5-star international airlines, but I've never transferred my points for these type of redemptions. That's not to say I wouldn't redeem my points for such (I do want to do Delta One one day soon), but most times I'm just trying to get from Point A to Point B without paying cash while still redeeming points for great value. On top of that I'm more of the use 100,000 points for multiple flights versus a one-way flight on first/business to a single destination. But everyone is different. Just a reminder to use points/miles how they fit you.

Other Redemptions

Redemptions outside of travel will typically give your Chase Ultimate Rewards Points a value of 1 cent or lower. This includes redeeming them for cash, gift cards, merchandise, and at checkout with Amazon. The only exception to this is the new(er) Pay Yourself Back feature.

Note: Chase has offered several bonuses/promotions to do with many of the redemptions listed below since the pandemic started. This will sometimes give you more value than what's listed below. Chase typically sends out emails or makes these promos visible on their site. You can also easily keep up to date through the Doctor of Credit website.

Pay Yourself Back

The Chase Pay Yourself Back feature allows you to use points to offset purchases made to your card. This benefit was introduced in the June 2020 and currently set to continue until April 30, 2021. Using this benefit, you'll be able to redeem Ultimate Rewards Points for 1.25 or 1.5 cents in value depending on the card you have and the category of the purchase.

Chase Points Value - Chase Pay Yourself Back
Card Value Categories
Chase Sapphire Reserve 1.5 Cents Applies towards:
  • Grocery
  • Home Improvement Stores
  • Restaurants
  • Takeout/Delivery Services
  • Charity
Chase Sapphire Preferred 1.25 Cents Applies towards:
  • Grocery
  • Home Improvement Stores
  • Restaurants
  • Takeout/Delivery Services
  • Charity
Chase Freedom, Freedom Unlimited, Freedom Flex 1.25 Cents Applies towards Charity only
Chase Ink Business Preferred 1.25 Cents Applies towards:
  • Online Advertising
  • Shipping Purchases
  • Charity

This is an excellent way to squeeze the same great value you would normally only be able to get from Chase Travel Portal redemptions. If you don't plan on traveling anytime soon, I recommend taking advantage of this benefit while it lasts. It's unknown if Chase will continue it due to it's popularity.

Cash

If you're looking to put money back into your pocket, you can redeem your Chase Ultimate Rewards Points for cash at a value of 1 cent per point. There's no minimum redemption level for cash back. It doesn't offer the best redemption, but at least it's still 1:1 and significantly better than what most other popular programs offer which is typically 0.5-0.6 cents per point/mile.

If you're plan on frequently redeeming your points for cash, you're probably better off using Chase's cash back credit cards. If you're looking to earn on travel, you can use the Best Credit Cards For Travel Spend calculator and filter it to cash back to find better options based on your spend.

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 which is more than most program, but it's low when compared to all the previous mentioned redemption options. You're actually better off redeeming your points for cash at a higher rate of 1 cent each and then using that for your Amazon purchases.

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

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 still decent value.

Summary

Ultimate Rewards Points is a great program for those looking to earn rewards that offer all-around great value, but it's an exception program for those looking to redeem points towards travel. It offers more flexability than most rewards program which is why it's one of the top programs in the United States.

If you want to calculate total points and the cash value of Chase Ultimate Rewards credit cards based on spend, benefits, and annual fees, you can do so using the Ultimate Rewards Points Credit Card Calculators. You can compare the results side by side any card featured on the site including AMEX Membership Rewards Cards and Citi ThankYou Rewards Cards.

Trying to find the best combination of Chase credit cards? You can use the Best Credit Cards For Ultimate Rewards Points to get a list of the best card combinations that will earn you the most points and give you the most value based on spend, benefits, and fees. Results include different combinations of Chase trifectas as well as 2-card combos which includes Chase's cash back credit cards. You can also use the Chase Trifecta calculator if you want to compare different trifectas and combinations side by side.

FAQ

How much are Chase Ultimate Rewards Points worth?

Chase Ultimate Rewards Points can easily be redeemed for 1.25 cents or 1.5 cents each towards travel depending on which card you have. You can also obtain a higher value by transferring points to Chase's airline and hotel partners.

What can you use Chase Ultimate Rewards Points for?

The best use of Chase Ultimate Rewards Points is towards travel, but they can also be redeemed for cash, gift cards, and even at checkout on Amazon.com.

How much is 100,000 Ultimate Rewards Points worth?

This can be worth $1,250 to $1,500 on the Chase Travel Portal. You can also transfer it to Chase's airline and hotel partners at a 1:1 ratio for 100,000 miles/points which can give you even more value depending on how you redeem them.


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