Chase Points Value Calculator: What Are Your Points Worth?

Points & Miles Value
Chase Ultimate Rewards Points are worth anywhere from 1 to 2 cents each. Calculate the value and find out the best redemption options.
Last Updated 2022-08-29 By R.Flowers III

The average value of Ultimate Rewards Points range from 1 cent to 2 cents. This means 10,000 Chase Points can be worth anywhere from $100 to $200 depending on how you redeem them.

Out of all available redemption options, redeeming your Ultimate Rewards Points for travel will typically give you the best value. You can easily get 1.25 to 1.5 cents redeeming directly through Chase Ultimate Rewards or even higher value transferring to Chase's airline and hotel partners.

How much are Chase points worth?

Ultimate Rewards Points can easily be redeemed for 1 cent each towards cash back, but you can get as much as 2 cents per point redeeming them towards travel.

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 - 1.5
Redeeming points for cash back 1
Redeeming points for gift cards 1
Using points for Amazon.com purchases 0.8

The value you'll get out of some redemptions are based on which Chase-branded credit cards you have. This means having certain cards will make it easier to obtain higher value.

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

If you have more than one Ultimate Rewards Point-earning credit card, you can move your points between cards. This is key to maximizing the value of your Chase Points.

Chase Sapphire Reserve points value

Points earned with the Chase Sapphire Reserve® are worth 1.5 cents on average meaning that 10,000 points would be worth $150.

Chase Ultimate Rewards travel portal: 1.5 cents

The Chase Sapphire Reserve offers a 50% boost to the value of Ultimate Rewards Points when redeeming them through the Chase Travel portal. This gives you an easy, high redemption value of 1.5 cents per point.

Pay Yourself Back: 1.5 cents

The Chase Pay Yourself Back feature allows you to use points to offset purchases made to your card. This benefit will give your points an easy 1.5 cent redemption value for Airbnb and dining at restaurants (including takeout and eligible delivery services).

The current end date for Pay Yourself Back is September 30, 2022.

Point transfers to partners: 0.6 to 2.1 cents

The Chase Sapphire Reserve grants you the ability to transfer Ultimate Rewards Points to Chase's airline and hotel partners. The value you get out of point transfers will depend on which partner you're transfer points to and how you redeem them with that partner.

Cash back: 1 cent

This isn't the best redemption for Ultimate Rewards Points earned with Sapphire cards, but it's a decent option if you need cash back in a pinch.

Intro Bonus

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®.

Chase Sapphire Preferred points value

Points earned with the Chase Sapphire Preferred® Card are worth 1.25 cents on average meaning that 10,000 points would be worth $125.

Chase Ultimate Rewards travel portal: 1.25 cents

The Chase Sapphire Preferred offers a 25% boost to the value of Ultimate Rewards Points when redeeming them through the Chase Travel portal. This gives your points a value of 1.25 cents each towards travel and can be a great option if you can find a good redemption via point transfers.

Pay Yourself Back: 1.25 cents

Using the Pay Yourself Back feature, you can redeem your points for a value of 1.25 cents each towards Airbnb purchases made to the card. This is a great alternative if you can't find good value through the Chase Ultimate Rewards travel portal.

The current end date for Pay Yourself Back is September 30, 2022.

Point transfers to partners: 0.6 to 2.1 cents

The Chase Sapphire Preferred grants the ability to transfer points to Chase's travel partners. The value of this redemption will vary based on which partner you're transferring points to, but this is the best route to take if you're looking to maximize your Ultimate Rewards Points.

Cash back: 1 cent

You can redeem Ultimate Rewards Points for a value of 1 cent per point. This can be useful if you're in need of cash back.

Intro Bonus

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

Ink Business Preferred points value

Points earned with the Ink Business Preferred® Credit Card have an average value of 1.25 cents per point meaning that 10,000 points is equal to about $125.

Chase Ultimate Rewards travel portal: 1.25 cents

The Ink Business Preferred Credit Card offers a 25% boost to the value of points redeemed through the Chase Travel portal. This gives your points an easy redemption value of 1.25 cents per point when used towards travel such as airfare, hotels, and car rentals.

Pay Yourself Back: 1.25 cents

The Pay Yourself Back feature allows you to redeem your points towards select purchases made to your Ink Business Preferred Credit Card. Those select purchases are internet, cable, and phone services.

Point transfers to partners: 0.6 to 2.1 cents

The Ink Business Preferred Credit Card offers the ability to transfer your points to Chase's airline and hotel partners. This gives you a chance to redeem your points for high value towards airfare and hotel bookings which can be great for lowering travel expenses.

Cash back: 1 cent

Ultimate Rewards Points can be redeemed for cash back at a value of 1 cent each which is a better value than what most top travel programs offer. If your business is in need of cash back, this is a decent option.

Intro Bonus

Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®.

Chase Freedom Unlimited points value

The Chase Freedom Unlimited® is a cash back credit card that earns Unlimited Rewards points. Points earned with the card are worth 1 cent each on average.

Cash back: 1 cent

The Chase Freedom Unlimited is a cash back credit card, so redeeming your points for cash back at a value of 1 cent each is a solid redemption option. This is the best value you'll get out of the card if you don't own the Chase Sapphire Reserve, Chase Sapphire Preferred, or Ink Business Preferred.

Chase Ultimate Rewards travel portal: 1 cent

Points earned with the Chase Freedom Unlimited® can be redeemed for travel purchases through Chase Ultimate Rewards for a value of 1 cent each.

If you have a Chase Sapphire Reserve Card, Chase Sapphire Preferred Card or Ink Business Preferred Card attached to your account, you can transfer your Chase Freedom Unlimited points to one of those cards and redeem points for 1.25 to 1.5 cents towards travel thanks to the point value Boost those cards offer.

Point transfers to partners: not available

Chase Freedom Points cannot be transferred directly to Chase's airline and hotel partners. Points must first be transferred to an Ultimate Rewards credit card that is capable of transferring points to partners.

Intro Bonus

Earn an additional 1.5% cash back on everything you buy, up to $20,000 spent during the first year. That's up to $300 cash back.

Chase Freedom Flex points value

The Chase Freedom Flexâ„  is a cash back credit card that earns Ultimate Rewards points redeemable for 1 cent each on average.

Cash back: 1 cent

The standard redemption value for the Chase Freedom Flex is 1 cent per point. This is the best value you'll get out of the card if you don't own the Chase Sapphire Reserve, Chase Sapphire Preferred, or Ink Business Preferred.

Chase Ultimate Rewards travel portal: 1 cent

Points earned with the Chase Freedom Flex are worth 1 cent each when redeemed towards travel through Chase Ultimate Rewards. You can get 1.25 to 1.5 cents per point if you transfer those points to a Chase Sapphire Reserve Card, Chase Sapphire Preferred Card or Ink Business Preferred Card.

Point transfers to partners: not available

Chase Freedom Flex points cannot be transferred directly to Chase's airline and hotel partners. Points must first be transferred to an Ultimate Rewards credit card that is capable of transferring points to partners.

Intro Bonus

Earn $200 cash back after you spend $500 on the card within the first 3 months from account opening.

Ink Business Cash points value

The Ink Business Cash® Credit Card is a cash back business credit card that earns Ultimate Rewards points. Points earned with the card are worth 1 cent each on average.

Pay Yourself Back: 1.1 cents

Points earned with the Ink Business Cash Credit Card can be redeemed at a value of 1.1 cents each towards internet, cable, and phone services made to your card using the Pay Yourself Back feature.

This means that 10,000 points would be equal to $110 in value which is more than the average value of $100 when redeemed for cash back.

Cash back: 1 cent

The Ink Business Cash Credit Card is a cash back credit card, so redeeming points for a value of 1 cent each is the standard redemption value.

Chase Ultimate Rewards travel portal: 1 cent

Points earned with the Ink Business Cash Credit Card are worth 1 cent each when redeemed towards travel through Chase Ultimate Rewards. You can get 1.25 to 1.5 cents per point if you transfer those points to a Chase Sapphire Reserve Card, Chase Sapphire Preferred Card or Ink Business Preferred Card.

Point transfers to partners: not available

Ink Business Cash Credit Card points cannot be transferred directly to Chase's airline and hotel partners. Points must first be transferred to an Ultimate Rewards credit card that is capable of transferring points to partners.

Intro Bonus

Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.

This is equal to a whopping 75,000 Ultimate Rewards points. Pair this card with another Ultimate Rewards credit card such as the Ink Business Preferred and you'll be able squeeze out way more than $750 in value towards travel.

Ink Business Unlimited points value

The Ink Business Unlimited® Credit Card is a cash back business credit card that earns Ultimate Rewards points redeemable for 1 cent each on average.

Pay Yourself Back: 1.1 cents

Points earned with the Ink Business Unlimited Credit Card can be redeemed at a value of 1.1 cents each towards internet, cable, and phone services made to your card using the Pay Yourself Back feature. This gives you slightly more value than the standard 1 cent redemption for cash back.

Cash back: 1 cent

The Ink Business Unlimited Credit Card is a cash back credit card, so redeeming points for a value of 1 cent each is the standard redemption value.

Chase Ultimate Rewards travel portal: 1 cent

Points earned with the Ink Business Unlimited Credit Card are worth 1 cent each when redeemed towards travel through Chase Ultimate Rewards. You can get 1.25 to 1.5 cents per point if you transfer those points to a Chase Sapphire Reserve Card, Chase Sapphire Preferred Card or Ink Business Preferred Card.

Point transfers to partners: not available

Points earned with the Ink Business Unlimited Credit Card cannot be transferred directly to Chase's airline and hotel partners. Points must first be transferred to an Ultimate Rewards credit card that is capable of transferring points to partners.

Intro Bonus

Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.

This is equal to 75,000 Ultimate Rewards points which can be worth significantly higher than $750 when paired with the proper Ultimate Rewards credit cards and redeemed for travel.

Chase point transfers to partners

Transferring Ultimate Rewards Points to Chase's airline and hotel partners can give you the opportunity to obtain significantly more value than redeeming points through the Chase Ultimate Rewards travel portal.

Points can be transferred to partners using the following Chase-branded credit cards:

Points earned with Chase's cash back credit cards cannot be transferred directly to Chase's travel partners. You will need to first transfer points to one of Chase's eligible cards and then transfer points from the eligible card to Chase's partners.

If you have at least one Ultimate Rewards credit card, I highly recommend pairing them with Chase's cash back credit cards to maximize your spend.

List of all Chase transfer partners

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Chase airline partners

The value you get out of transferring your points to Chase's airline partners will vary. It should be fairly easy to get between 1.2 and 1.4 cents per point when transferring point to partners and redeeming them for economy flights.

If you want higher value, several of Chase's partners can offer as much as 2 cents or more per point for premium and First/Business class redemptions with 5-star airlines.

As with most flexible travel rewards, there are transfer partners that are better than others. Most programs have at least a few sweet spots while others offer multiple routes for great to superb redemption value.

United Airlines

If you're flexible in booking your flights, you can fly business class to Europe starting at 60,000 to 70,000 miles per direction flying United and their partners. This can give your Ultimate Rewards Points some significant value.

You can also book domestic one-way flights with United starting at 5,000 miles. Short-haul flights internationally can also be useful if you plan on visiting multiple cities within a region.

united atlanta to london miles

Virgin Atlantic

Virgin Atlantic offers great redemption value on one-way flights flying from US West Coast to Asia and US East Coast to Europe.

One particular sweet spot in the program is booking Delta One flights through the Virgin Atlantic UK website (availability does not show on US site from US destinations).

For example, I found a one-way flight on Delta One from New York (JFK) to Amsterdam (AMS) for 100,000 Virgin Points plus $55.25 in taxes searching the Virgin Atlantic UK website.

That same flight through Delta is a whopping 210,000 Delta SkyMiles plus the same $55.25 in taxes.

Virgin Atlantic
Delta Air Lines

The lowest cost of the flight in cash is through Delta which is $3,297 (costs $3,318 through Virgin Atlantic). So transferring 100,000 Ultimate Rewards Points to Virgin Atlantic and redeeming them for this flight would give your points a fantastic value of 3.29 cents each.

That's significantly better than the 1.25 to 1.5 cents you would get booking through the Chase Travel portal.

British Airways

The British Airways award chart is based on distance which makes Avios very valuable when used for short-haul trips. If you're traveling to Europe and want to hit multiple destinations, Avios is the way to go.

Since British Airways is part of the oneworld Alliance, you can use Avios on short-haul trips with oneworld partners such as American Airlines and Alaska Airlines. This is particularly great for trips between the US West Coast and Hawaii.

Singapore KrisFlyer

The Singapore Airlines KrisFlyer program has a lot of sweet spots, but their most sought after product is their premium in-air suites. These suites are the definition of luxury and can provide you with one of the best airline travel experiences.

The good thing about KrisFlyer is that it is a 1-to-1 transfer partner of all major credit card rewards programs. This means you can use transfer credit card points from American Express Membership Rewards, Citi ThankYou Rewards, and Capital One Venture & Spark Rewards as well.

This makes it very easy to build rewards for the program.

Singapore Suites

Air France-KLM Flying Blue

As with Singapore KrisFlyer, the Flying Blue program is a direct 1:1 transfer partner of all major US credit card rewards programs making it easy to earn Flying Blue Miles via credit card spending and welcome bonuses.

Flying Blue offers great value when flying between the U.S. and European destinations. They are most known for their monthly promotions which can offer high redemption value.

Chase hotel partners

Chase point transfers to hotel partners can give you anywhere between 0.6 and 2.1 cents per point on average. The best hotel redemption partner is Hyatt by a large margin.

World of Hyatt

If you want excellent value with little to no research, transferring your points to the World of Hyatt program is the route to take.

The Point Calculator values Hyatt Points at a (generous) 1.8 cents each. I say "generous" because it's not hard to get over 2 cents in value when it comes to redeeming points for free nights at Hyatt.

As an example, here are some bookings for a weekend in Tampa, Florida.

Transferring your Ultimate Rewards Points to the World of Hyatt for these redemptions would give your points between 2.1 and 3.8 cents in value per point which is fantastic.

While most Hyatt properties offer exceptional value, there are still chances in which you can get lower value. Such is the case with these properties in Houston, Texas.

These hotels offer between 1.35 and 1.77 cents in value with the exception of the Hyatt Place Houston/Galleria which offers a whopping 3 cents per point.

Most of these values are higher than what you'll get through the Chase Ultimate Rewards portal. Plus, you'll be booking direct so you'll receive credit towards status as well as receive benefits if you have World of Hyatt status.

Marriott Bonvoy

If you know how to redeem Marriott Bonvoy Points for great value, transferring your Ultimate Rewards Points to Marriott's program is another solid option.

The Point Calculator values Marriott Bonvoy Points at 0.7 cents, but it's possible to get over 1 to 2 cents in value with some research.

The sweet spots for Marriott will be the low-end Category 1 and Category 2 hotels as well as their high-end Category 7 and Category 8 hotels. You can also get great value with Marriott's 5th night free benefit which triggers when you book 5 consecutive award night stay at any of there properties.

For example, the Fairfield Inn & Suites Chillicothe is a very nice Category 2 hotel that I've stayed in a few times. It is a costly hotel that only requires a few amount of points to book.

A 5-night stay at this hotel 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.

Redeeming points for travel through Chase Ultimate Rewards

The Chase Ultimate Rewards travel portal is the easiest redemption option when it comes to getting great value out of your Ultimate Rewards Points. It provides a way for you to obtain up to 1.5 cents in value per point without the need to worry about maximizing value through transfer partners.

Chase Travel Portal point value by card

Card Value
Chase Sapphire Reserve 1.5 cents
Chase Sapphire Preferred 1.25 cents
Chase Ink Business Preferred 1.25 cents
Other Chase Rewards Cards 1 cent

If you plan on primarily redeeming points through the travel portal, you're going to want to consider the Chase Sapphire Reserve due to the 1.5 cent redemption value.

While the difference of 0.25 cents per point may not seem like a lot, it quickly adds up. The table below shows how the value increases as you earn more points throughout the year.

Points Chase Sapphire Reserve Chase Sapphire Preferred & Ink Preferred Other Chase-branded cards
10,000 Points $150 $125 $100
25,000 Points $375 $312 $250
50,000 Points $750 $625 $500
75,000 Points $1,125 $937 $750
100,000 Points $1,500 $1,125 $1,000
120,000 Points $1,800 $1,500 $1,200
150,000 Points $2,250 $1,875 $1,500
300,000 Points $5,000 $3,750 $3,000

Most top rewards programs max out at 1 cent in value when redeeming points through travel portals. This is what gives the Chase Ultimate Rewards program the upper hand when it comes to easy and simple redemptions that offer great value.

Other ways to redeem Chase Points

Outside of travel, Ultimate Rewards Points can be used for cash back as well as for purchases with Amazon and Apple. You can also use the popular Pay Yourself Back feature with select Chase-branded cards.

Pay Yourself Back

The Chase Pay Yourself Back feature allows you to use points to offset purchases made to select Chase credit card. This benefit was introduced in June 2020 and has been extended several times. It is currently set to continue until September 30, 2022.

Using this benefit, you'll be able to redeem Ultimate Rewards Points for 1.1 to 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 Redemption Value Categories
Chase Sapphire Reserve 1.5 Cents Airbnb and dining at restaurants (this includes takeout and eligible delivery services)
Chase Sapphire Preferred 1.25 Cents Airbnb
Chase Ink Business Preferred and Ink Plus 1.25 Cents Internet, cable, and phone services
Ink Business Cash Credit Card, Ink Business Unlimited Credit Card 1.1 Cents Internet, cable, and phone services

This is a great 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 or you just want to redeem your points for great value for eligible card purchases, I recommend taking advantage of this benefit while it lasts. It's unknown if Chase will continue to extend the benefit.

Redeeming points for cash back

Ultimate Rewards Points can be redeemed for cash back at a value of 1 cent per point with no minimum redemption level for cash back.

If you only have a Chase cash back credit card, this is the best value you can obtain and is the best redemption option.

If you have an Ultimate Rewards credit card, this will not the best use of points. With that being said, Chase offers the best point redemption value for cash back when compared to other flexible travel rewards programs.

If you want to freely be able to bounce between cash back and travel redemptions for great value, Chase Ultimate Rewards is the best program to do so.

Using 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.com will give your points a value of 0.8 cent each.

Why redeem your points with Amazon when you can easily get 1 cent in value redeeming them for cash back you can use toward Amazon? Because Amazon occasionally offers cash off when you use Ultimate Rewards Points (and points from other programs) towards Amazon.com purchases.

This is typically something along the lines of:

"Get $X/X% off when you use Ultimate Rewards Points to pay for your purchases"

The big plus to these offers is that they can generally be triggered by only redeeming 1 rewards point. So, for example, you could redeem 1 Ultimate Rewards Point for $30 off and pay the remainder of the balance with your credit card.

Using one point to get a discount off a purchase is a value that can't be beat. So while the actual value of your "one point" may be 0.8 cents, you would have saved a significant amount of money on your purchase which far exceeds the value of the one point you redeemed.

If you shop on Amazon.com frequently, I highly suggest jumping over to the Amazon Shop with Points page and linking your Ultimate Rewards account as well as any other account that participate in the program as it can save you a great deal on your purchases.

How to convert Chase points to dollars

Use the Chase Points Value Calculator to determine the average cash value of your Ultimate Rewards Points based on redemption. This will give you an idea of how much your points are worth.

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 & Pay with Points $0
Chase Sapphire Preferred: Chase Ultimate Rewards travel & Pay with Points $0
Ink Business Preferred: Chase Ultimate Rewards travel & Pay with Points $0
Ink Business Cash/Ink Business Unlimited: Pay with Points $0
Travel through Chase Ultimate Rewards with other Chase-branded credit cards $0
Cash back redemptions $0
Using points for gift cards $0
Amazon.com purchases $0

FAQ

How much are Chase Ultimate Rewards Points worth?

Chase Ultimate Rewards Points value range between 0.6 and 2.1 cents based on the redemption.

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.