Chase Points To Dollars: Calculators & Redemption Values

Rewards Conversion Calculators
Calculate the average cash value of Ultimate Rewards Points to find out if it's worth paying cash or redeeming Chase points.
Last Updated 2023-01-03 By R.Flowers III

Chase Ultimate Rewards Points can be worth anywhere from 0.6 to 2.1 cents per point depending on how you redeem them. You'll get the best value when using them towards travel which will give you 1 cent or more.

How to earn Chase points

Ultimate Rewards points are earned using Chase Ultimate Rewards credit cards and Chase cash back credit cards.

Chase Ultimate Rewards credit cards

Chase offers three Ultimate Rewards credit cards that allows you to transfer points to a handful of airline and hotel partners or redeem them for 25% to 50% more value towards travel via Chase Ultimate Rewards®.

You can earn Ultimate Rewards points using the following cards:

Credit Card Highlights Annual Fee
Best For High Value & Travel Benefits
  • Intro Bonus: 60,000 Bonus Points
  • Earn 10X points on hotels and car rentals booked through Chase Ultimate Rewards
  • Earn 5X points on flights booked through Chase Ultimate Rewards
  • Earn 3X points on travel worldwide and dining at restaurants
  • Earn 1X points on all other purchases
  • $300 statement credit for travel purchases charged to the card each anniversary year
  • Complimentary Priority Pass Select membership
  • Up to $100 towards a Global Entry, TSA PreCheck, or NEXUS application fee
  • 50% boost to point value on travel booked through Chase Ultimate Rewards
$550
Best For Flexible Travel Rewards
  • Intro Bonus: 60,000 Bonus Points
  • Earn 5X points on travel booked through Chase Ultimate Rewards
  • Earn 3X points on dining, online grocery purchases, and on select streaming services
  • Earn 2X points on other travel purchases
  • Earn 1X points on all other purchases
  • 25% boost to point value on travel booked through Chase Ultimate Rewards
  • $50 credit every cardmember anniversary good towards hotel stays booked through Chase Ultimate Rewards
  • 10% bonus points based on how much you spend the prior cardmember year
$95
Best For Flexible Business Travel Rewards
  • Intro Bonus: 100k Bonus Points
  • Earn 3X points on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1X points on all other purchases
  • 25% boost to point value on travel booked through Chase Ultimate Rewards
$95

Chase cash back credit cards

Chase offers four no-annual fee cash back credit cards that earn Ultimate Rewards points. Points redeemed through these cards are worth up to 1 cent each towards cash back, travel, and a handful of other redemptions.

The good thing about these cards is that you can transfer your earned points directly to an Ultimate Rewards credit card. You'll then be able to redeem those points for higher value towards travel as well as transfer them to Chase's airline and hotel partners.

This significantly bumps up the value of Chase's cash back credit cards. If you're looking to maximize your rewards towards travel, you'll want to pair these cash back credit cards with Chase Ultimate Rewards credit cards.

Here are the Chase cash back credit cards that earn points transferable to Ultimate Rewards credit cards:

Credit Card Highlights Annual Fee
Best For Flat-Rate & Bonus Cash Back
  • Intro Bonus: $200 back
  • Earn 5% cash back on travel purchased through Chase Ultimate Rewards®
  • Earn 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
  • Earn 1.5% cash back on all other purchases
$0
Best For Flexible Cash Back
  • Intro Bonus: $200 cash back
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Earn 5% cash back on travel purchased through Chase Ultimate Rewards
  • Earn 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
  • Earn 1% cash back on all other purchases
$0
Best For Cash Back Business Rewards
  • Intro Bonus: Earn $900 bonus cash back
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases
$0
Best For Flat-Rate Business Rewards
  • Intro Bonus: Earn $900 bonus cash back
  • Earn unlimited 1.5% cash back on every purchase made for your business
$0

Chase points value

Redemption Option Average Value (in cents)
Point transfers to airline and hotel partners 0.6 - 2.1
Booking travel through Chase Ultimate Rewards 1 - 1.5
Pay Yourself Back 1 - 1.25
Redeeming points for cash back 1
Redeeming points for gift cards 1
Using points for Amazon.com purchases 0.8

With Chase Ultimate Rewards Points being a flexible rewards currency, there are a lot of options when it comes to getting the most out of your points.

Chase point transfers to parters

Transferring your points to Chase's airline and hotel partners will give you the most value. This can be as low as 0.6 cents and as much as 2.1 cents (or more) depending on the partner.

Eligible credit cards for converting points to airline miles and hotel points include:

Points earned with Chase's cash back credit cards cannot be transferred directly to an airline or hotel partners, but you can transfer the points to an eligible Ultimate Rewards credit card. This allows you to then transfer your points or redeem them for higher value through Chase Ultimate Rewards.

Booking travel through Chase Ultimate Rewards

Ultimate Rewards Points can be redeemed for as much as 1.5 cents per point towards travel booked through Chase Ultimate Rewards. The amount of value you get per point will depend on which card you have.

Chase Ultimate Rewards Travel Value
Chase-branded Card Point Value (in cents)
Chase Sapphire Reserve® 1.5
Chase Sapphire Preferred® Card 1.25
Ink Business Preferred® Credit Card 1.25
Chase Freedom Flexâ„  1
Chase Freedom Unlimited® 1
Ink Business Cash® Credit Card 1
Ink Business Unlimited® Credit Card 1

Remember that you can transfer points from Chase's cash back credit cards to your Ultimate Rewards credit cards so that you can redeem the points for higher value.

Pay Yourself Back

Pay Yourself Back allows you to redeem your points for high value towards certain purchases made with your card. The value you get will range from 1 to 1.25 cents depending on the card.

Chase has extended this feature several times since it's debut in June 2020. Here are the values you'll get based on each card up until March 31, 2023:

Chase Points Value - Chase Pay Yourself Back
Card Redemption Value Categories
Chase Sapphire Reserve 1.5 Cents Qualifying charities
Chase Sapphire Reserve 1.25 Cents Gas Stations, Grocery Stores, and the card's Annual Fee
Chase Sapphire Preferred, Chase Freedom, Chase Freedom Flex, Freedom Unlimited 1.25 Cents Qualifying charities
Chase Sapphire Preferred 1 Cent Gas stations & grocery stores
Chase Ink Business Preferred and Ink Plus 1.25 Cents Internet, cable, phone services, and shipping
Ink Business Cash Credit Card, Ink Business Unlimited Credit Card 1.1 Cents Internet, cable, phone services, and shipping

Convert Chase points to dollars

Use the Chase Points Value Calculator to determine the cash value of Ultimate Rewards Points based on the average redemption value.

Enter any amount of Chase points to calculate the dollar value.
Points
Redemption Average Dollar Value
Point transfers to airline and hotel partners $0 to $0+
Chase Sapphire Reserve: Chase Ultimate Rewards travel $0
Chase Sapphire Preferred: Chase Ultimate Rewards travel $0
Ink Business Preferred: Chase Ultimate Rewards travel $0
Pay Yourself Back $0 - $0
Chase Ultimate Rewards travel with other Chase-branded credit cards $0
Cash back redemptions $0
Using points for gift cards $0
Amazon.com purchases $0

Calculate the value of a redemption

Use this calculator to determine the value of a redemption based on cost in Chase Points and cost in cash. You'll want to strive for a redemption that gives your points a value of 1 cent or more.

Cost of Redemption In Cash
Enter how much the flight or redemption would cost you if you paid cash.
$
Cost of Redemption In Chase Points
Enter how much the flight or redemption would cost you in Ultimate Rewards Points along with any taxes, fees, or additional cash cost you would have to pay.
Chase Points
Points
Taxes/Fees
$
Redemption Value
This is how much your Ultimate Rewards Points are worth based on the values entered above.
- Cents Per Point
-

FAQ

How much are Chase Ultimate Rewards Points worth?

Chase Ultimate Rewards Points are worth between 0.6 to 2.1 cents per point depending on how they are redeemed.

What can you use Chase Ultimate Rewards Points for?

Ultimate Rewards Points can be used towards travel, cash back, gift cards, Apple products, and at checkout with Amazon.com.

How much is 100,000 Ultimate Rewards Points worth?

100,000 Ultimate Rewards Points has an average value of $1,250 to $1,500 towards travel.

Quick Credit Card Search Tool

Input your monthly spend into our calculator below to find out which credit cards will earn you the most points, miles, and cash back per dollar spent. Whole numbers only, no decimals/cents.

Use the full credit card finder tool for additional customization options including the ability to add additional categories, toggle between monthly and yearly spend, and more.

Calculate Total Rewards & Card Value Per $1 Spent For 200+ U.S. Credit Cards
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