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Chase Points Value Calculator

Easily convert Chase Ultimate Rewards points to dollars for travel, cash back, gift cards, and other redemptions using our Chase Points Value Calculator.
Last Updated: 12-26-2023

Chase Ultimate Rewards points can be redeemed for airfare, hotels, car rentals, cash back, gift cards, merchandise, and much more. The value of your Chase points will vary depending on how you go about redeeming them, but you'll find that the best value comes from redeeming them for travel.

Chase Points Value

Chase Ultimate Rewards points are worth 1 to 1.5 cents per point on average, but you can get as much as 2 cents or more transferring them to Chase's airline and hotel partners.

Here's the breakdown on Chase points value based on redemption:

Redemption options Chase points value (in cents)
Point transfers to hotel partners 0.6 - 2.1
Point transfers to airline partners 1 - 2
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

How much value you can get out of your Ultimate Rewards points will depend on which Chase-branded credit cards you own. Certain cards will make it easier to obtain higher value when redeemed towards travel. This is typically in exchange for a higher annual fee.

Here's the breakdown of average value based on which Chase credit card:

Chase-Branded Card Point Value (in cents)
Chase Sapphire Reserve® 1.5 - 2
Chase Sapphire Preferred Card 1.25 - 2
Chase Ink Business Preferred® 1.25 - 2
Chase Freedom Unlimited® 1
Chase Freedom Flex℠ 1
Ink Business Cash® Credit Card 1
Ink Business Unlimited® Credit Card 1

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 per point.

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: 1.25 to 1.5 cents per point.

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 charity and 1.25 cents each for gas stations, grocery, and to offset the fee.

Point transfers to partners: 0.6 to 2.1 cents per point.

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 per point.

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.

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 per point.

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 to 1.25 cents per point.

Using the Pay Yourself Back feature, you can redeem your Chase Sapphire Preferred points for a value of 1.25 cents towards charity and 1 cents per point towards gas stations and grocery stores.

Point transfers to partners: 0.6 to 2.1 cents per point.

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 per point.

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

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 per point.

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 per point.

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

Point transfers to partners: 0.6 to 2.1 cents per point.

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 per point.

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.

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 per point.

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 Card or Ink Business Preferred Card.

Chase Ultimate Rewards travel portal: 1 cent per point.

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, 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.

Chase Freedom Flex points value

Chase Freedom Flex®

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

Cash back: 1 cent per point.

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 Card or Ink Business Preferred Card.

Chase Ultimate Rewards travel portal: 1 cent per point.

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 in value if you transfer your Chase Freedom Flex points to a Chase Sapphire Reserve, 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.

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 per point.

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

Cash back: 1 cent per point.

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, 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.

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 per point.

Points earned with the Ink Business Unlimited Credit Card can be redeemed at a value of 1.1 cents each towards internet, cable, phone services, and shipping 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 per point.

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 per point.

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, 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.

Redeeming Chase Points For The Best Value

You will get the best value of your Chase Ultimate Rewards points when redeeming them towards travel. This includes transferring your points to Chase's airline and hotel partners as well as redeeming points towards travel through the Chase Ultimate Rewards portal.

Chase point transfers to airline partners

The value you get out of transferring your points to Chase's airline partners will vary. If you transfer your points to one of Chase's airline partners and redeem them for economy flights, you can typically expect to get between 1.2 and 1.4 cents per point.

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, especially with the 5-star airlines that offer in-air suites.

Most frequent flyer programs have at least a handful of sweet spots while others offer multiple routes for great to superb redemption value. Listed below are few of our top airline picks for transfers to Chase's airline partners.

  • 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 which can give your Ultimate Rewards Points some significant value. You can also book domestic one-way flights with United starting at 5,000 miles and short-haul flights internationally if you plan on visiting multiple cities within a region.
  • 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.
  • 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. You can use Avios on short-haul trips with oneworld partners such as American Airlines and Alaska Airlines which is particularly great for trips between the US West Coast and Hawaii.
  • Singapore Airlines: 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.
  • Air France-KLM: Flying Blue offers great value when flying between the U.S. and European destinations. They are also most known for their monthly promotions which can offer high redemption value between various destinations.
Singapore Suites
Transfer Ultimate Rewards points to Singapore KrisFlyer to book their in-air suites!

Chase point transfers to hotel partners

Chase point transfers to hotel partners can give you anywhere from 0.6 and 2.1 cents per point on average. The best hotel redemption partner is Hyatt by a very 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. Hyatt points are worth 1.8 cents to 2.2 cents each on average.
  • Marriott Bonvoy: Marriott points are worth significantly less than Hyatt points, but there are sweet spots in the program that can net you between 1 and 2 cents per point. This will typically hold true for low-end Category 1 and Category 2 hotels as well as their high-end Category 7 and Category 8 hotels.

Booking 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.

The value you'll get out of using the Chase Ultimate Rewards portal will depend on which credit card you have:

Chase Ultimate Rewards Travel Portal Value
Chase credit card Value in cents
Chase Sapphire Reserve 1.5 cents
Chase Sapphire Preferred 1.25 cents
Chase Ink Business Preferred 1.25 cents
Other Chase-branded Credit Cards 1 cent

Pay Yourself Back

The Chase Pay Yourself Back feature allows you to use points to offset purchases made to select Chase credit cards. This benefit was introduced in June 2020 and has been extended several times due to the popularity.

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.

Here's the breakdown in value per card for Pay Yourself Back:

Chase Pay Yourself Back Redemption Values
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, Ink Business Premier 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

The program has gone through several category changes since it was first introduced in June 2020, but it took it's hardest hit on January 1, 2023 when the value of the redemptions for featured categories on the Sapphire Reserve and Sapphire Preferred were lowered.

Pay Yourself Back redemptions were changed from 1.5 to 1.25 cents per point in value with the Chase Sapphire Reserve and from 1.25 to 1 cent per point in value on the Chase Sapphire Preferred (charities not included).

With this change, Pay Yourself Back is no longer considered great value and you'll be better off booking travel through Chase Ultimate Rewards or by transferring your points to Chase's airline and hotel partners.

Redeeming 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. This applies to all Chase-branded credit cards that earn Ultimate Rewards points.

If you have a Chase Sapphire Preferred, Chase Sapphire Reserve, or Ink Business Preferred credit card, this will not be the best use of points since you can easily obtain higher value booking travel through Chase Ultimate Rewards or by transferring points to partners.

For all other Chase-branded credit cards that earn Ultimate Rewards points, redeeming points for cash back for provide the best value.

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.

Calculator: Convert Chase points to dollars

Use the Chase Points Value Calculator to determine the dollar value of your Ultimate Rewards Points when used for travel, cash back, and more. This will give you an idea of how much your points are worth based on redemption.

Chase Points Value Calculator

Enter any amount of Ultimate Rewards points into our calculator to find out how much they are worth based on our valuations.
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

Earning Points With Chase-Branded Credit Cards

If you're big on travel, I highly recommend picking up a Chase Ultimate Rewards credit card. Here are the three Chase Ultimate Rewards credit cards that allow you to transfer points to partners and redeem points for high value:

Credit Card Highlights
Best For High Value & Travel Benefits
  • Intro Bonus: 75,000 Bonus Points
  • Earn 10X points on hotels and car rentals booked through Chase Travel
  • Earn 5X points on flights booked through Chase Travel
  • 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 Travel
  • $550 annual fee
Best For Flexible Travel Rewards
  • Intro Bonus: 75,000 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 annual fee
Best For Flexible Business Travel Rewards
  • Intro Bonus: 100,000 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 annual fee

If you want to maximize your earnings you can pair any of the above Ultimate Rewards credit cards with one or more of Chase's cash back credit cards. Remember that you can move points between Chase-branded credit cards.

Here are the cash back credit cards that Chase offers:

Credit Card Highlights
Best For Flat-Rate & Bonus Cash Back
  • Intro Bonus: Up to $300 cash 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 annual fee
Chase Freedom Flex℠
Chase Freedom Flex℠
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 annual fee
Best For Cash Back Business Rewards
  • Intro Bonus: Earn up to $750 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 annual fee
Best For Flat-Rate Business Rewards
  • Intro Bonus: Earn $750 bonus cash back
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • $0 annual fee

FAQs

What is the value of a Chase Ultimate Rewards point?

Chase Ultimate Rewards points are worth 1 to 2 cents per point on average. So 10,000 points can be worth $100 to $200 depending on how you redeem them.

How do I calculate the value of my Chase Ultimate Rewards points?

You can calculate the value of your Ultimate Rewards points by dividing the cost of your redemption by the cost in Ultimate Rewards points. You can use our redemption calculator to do so.

Can I transfer my Chase Ultimate Rewards points to another loyalty program?

Chase Ultimate Rewards points can be transferred to 14 travel partners. The value you get out of transferring points will range from 0.6 to 2.1 cents in value per point on average.

Can I redeem my Chase Ultimate Rewards points for travel through the Chase Ultimate Rewards portal?

Ultimate Rewards points can be redeemed for flights, hotels, car rentals, and more through Chase Ultimate Rewards. This will give your points 1 to 1.5 cents in value based on which Chase-branded credit card you use.

How can I maximize the value of my Chase Ultimate Rewards points?

Chase Ultimate Rewards points can be maximized by transferring them to airline and hotel partners. There are plenty of sweet spots that can offer as much as 2 cents or more in value per point.

How much is 1,000 Chase points worth?

1,000 Chase points are worth $10 for cash back and gift cards, but can be worth anywhere from $10 to $20 or more when redeemed for travel.

How much is 5,000 Chase points worth?

5,000 Chase points are worth $50 for cash back and gift cards, but can be worth anywhere from $50 to $100 or more when redeemed for travel.

How much is 6,000 Chase points worth?

6,000 Chase points are worth $60 for cash back and gift cards, but can be worth anywhere from $60 to $120 or more when redeemed for travel.

How much is 10,000 Chase points worth?

10,000 Chase points are worth $100 for cash back and gift cards, but can be worth anywhere from $100 to $200 or more when redeemed for travel.

How much is 20,000 Chase points worth?

20,000 Chase points are worth $200 for cash back and gift cards, but can be worth anywhere from $200 to $400 or more when redeemed for travel.

How much is 30,000 Chase points worth?

30,000 Chase points are worth $300 for cash back and gift cards, but can be worth anywhere from $300 to $600 or more when redeemed for travel.

How much is 50,000 Chase points worth?

50,000 Chase points are worth $500 for cash back and gift cards, but can be worth anywhere from $500 to $1,000 or more when redeemed for travel.

How much is 60,000 Chase points worth?

60,000 Chase points are worth $600 for cash back and gift cards, but can be worth anywhere from $600 to $1,200 or more when redeemed for travel.

How much is 65,000 Chase points worth?

65,000 Chase points are worth $650 for cash back and gift cards, but can be worth anywhere from $650 to $1,300 or more when redeemed for travel.

How much is 75,000 Chase points worth?

75,000 Chase points are worth $750 for cash back and gift cards, but can be worth anywhere from $750 to $1,500 or more when redeemed for travel.

How much is 80,000 Chase points worth?

80,000 Chase points are worth $800 for cash back and gift cards, but can be worth anywhere from $800 to $1,600 or more when redeemed for travel.

How much is 100,000 Chase points worth?

100,000 Chase points are worth $1,000 for cash back and gift cards, but can be worth anywhere from $1,000 to $2,000 or more when redeemed for travel.

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