Quick Overview
- Ultimate Rewards points can be redeemed for airfare, hotels, car rentals, cash back, and more.
- Chase offers both travel and cash back credit cards. Points earned with travel cards have higher Chase points value towards travel, while points from cash back cards are best for cash redemptions.
- Chase points can be moved between Chase credit cards, so combining cash back and travel cards is the best way to maximize your earnings.
- The highest Chase points value comes from transferring points to airline partners, offering up to 2 cents per point.
- Points redeemed through Chase Travel℠ with travel cards are worth 1.25 to 1.5 cents per point, depending on the card. This is the base value for Chase's travel cards.
- Chase points to dollars conversions for cash back give a value of 1 cent per point, the base value for Chase cash back cards.
Use our Chase points value calculator to convert Chase points to dollars when redeemed for travel, gift cards, cash back, and more. This tool helps you estimate the average worth of your Ultimate Rewards points.
Chase points value
Chase Ultimate Rewards points are typically worth 1 to 1.5 cents per point, but transferring to Chase’s airline and hotel partners can boost the value to 2 cents or more.
Here’s a breakdown of Chase points value by redemption type:
| 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 Travel℠ | 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 |
Chase points value also depends on the Chase-branded credit card you hold. Some cards offer higher value for travel redemptions, often in exchange for a higher annual fee.
Here's the breakdown of average travel value by Chase credit card:
| Chase-Branded Card | Travel 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 |
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.
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 Travel
The Chase 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 Travel portal will depend on which credit card you have:
| 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:
| 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 Travel 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 Travel 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:
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.
Chase points to dollars calculator
Use our Chase Points Value Calculator to estimate the dollar value of your points based on different redemptions. Find out how much your Chase points are worth on average.
Calculator: How Much Are Your Chase Ultimate Rewards Points Worth?
| Redemption | Average Dollar Value |
|---|---|
| Point transfers to airline and hotel partners | $0 to $0+ |
| Chase Sapphire Reserve: Chase Travel | $0 |
| Chase Sapphire Preferred: Chase Travel | $0 |
| Ink Business Preferred: Chase Travel | $0 |
| Pay Yourself Back | $0 - $0 |
| Chase Travel with other Chase-branded credit cards | $0 |
| Cash back redemptions | $0 |
| Using points for gift cards | $0 |
| Amazon.com purchases | $0 |
Convert Chase points to travel value
The table below shows the average dollar value of Chase Ultimate Rewards points by card for various denominations when converted to travel through the Chase Travel portal.
| Chase Points | Chase Sapphire Reserve | Chase Sapphire Preferred & Ink Business Preferred | Other Chase-branded cards |
|---|---|---|---|
| 1 Point | $0.015 | $0.0125 | $0.01 |
| 5,000 Points | $75 | $62.50 | $50 |
| 10,000 Points | $150 | $125 | $100 |
| 15,000 Points | $225 | $187.50 | $150 |
| 20,000 Points | $300 | $250 | $200 |
| 25,000 Points | $375 | $312.50 | $250 |
| 50,000 Points | $750 | $625 | $500 |
| 60,000 Points | $900 | $750 | $600 |
| 75,000 Points | $1,125 | $937.50 | $750 |
| 100,000 Points | $1,500 | $1,250 | $1,000 |
Convert Chase points to cash back value
The table below displays the average dollar value of Chase Ultimate Rewards points for different denominations when redeemed for cash back.
| Chase Points | Cash Back Value |
|---|---|
| 1 Point | $0.01 |
| 5,000 Points | $50 |
| 10,000 Points | $100 |
| 15,000 Points | $100 |
| 20,000 Points | $200 |
| 25,000 Points | $250 |
| 50,000 Points | $500 |
| 60,000 Points | $600 |
| 85,000 Points | $850 |
| 100,000 Points | $1,000 |
Chase redemption value calculator
Use the Chase Redemption value calculator to determine if a redemption is worth it based on the cost in cash and the cost in Chase Ultimate Rewards points. Try to aim for redemptions that give you 1 cent or more per point.
How does Chase points value compare?
Here's how the value of Chase points compare against rewards earned with other leading travel programs:
Credit cards that earn Ultimate Rewards points
Chase offers three Ultimate Rewards credit cards that earn points redeemable for high value towards travel. You can also earn Ultimate Rewards points using Chase's cash back credit cards.
Chase Ultimate Rewards credit cards
Chase offers three Ultimate Rewards credit cards. Points earned with these cards can be redeemed directly through Chase or be converted into airline miles and hotel points with Chase's travel partners. This can give your points an easy value of 1.25 to 1.5 cents per point and even higher when transferring points.
Here are Chase's Ultimate Rewards credit cards:
- 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 $120 towards a Global Entry, TSA PreCheck, or NEXUS application fee
- 50% boost to point value on travel booked through Chase Travel
- $550 annual fee
- Card Value & Chase Sapphire Reserve Points Calculator
- Earn 5X points on travel booked through Chase Travel℠
- 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 Travel
- $50 credit every cardmember anniversary good towards hotel stays booked through Chase Travel
- 10% bonus points based on how much you spend the prior cardmember year
- $95 annual fee
- Card Value & Chase Sapphire Preferred Points Calculator
- 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 Travel
- $95 annual fee
- Card Value & Chase Ink Preferred Points Calculator
Chase cash back credit cards
Chase offers a handful of cash back credit cards. These credit cards earn Ultimate Rewards points that can be redeemed for cash back and a few other redemptions — all offering 1 cent per point on average.
The big benefit of Chase's ecosystem is that points earned with their cards can be moved freely between accounts. This means you can move points earned with Chase's cash back credit cards to Ultimate Rewards credit cards.
This allows you to redeem the "cash back Ultimate Rewards points" as "travel Ultimate Rewards points" and as a result will significantly bump up their value.
The second big plus is that all of Chase's cash back cards that allows you to move points have no annual fee. This means you can pair an Ultimate Rewards credit card with one or more (or all) of Chase's cash back credit cards for no additional money out of your pocket.
Here are the cash back credit cards that Chase offers:
- Earn 5% cash back on travel purchased through Chase Travel℠
- 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
- Card Value & Freedom Unlimited Points Calculator
- 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 Travel℠
- 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
- Card Value & Freedom Flex Points Calculator
- 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
- Card Value & Ink Business Cash Points Calculator
- Earn unlimited 1.5% cash back on every purchase made for your business
- $0 annual fee
- Card Value & Ink Business Unlimited Points Calculator
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 Travel portal?
Ultimate Rewards points can be redeemed for flights, hotels, car rentals, and more through Chase Travel. 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 15,000 Chase points worth?
15,000 Chase points are worth $150 for cash back and gift cards, but can be worth anywhere from $150 to $300 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.
We've run the calculations and checked them twice — here are the credit cards that consistently provide outstanding value to our users:
- Best flexible travel card: Capital One Venture Rewards Credit Card
- Best overall value year after year: Chase Sapphire Preferred® Card
- Best for high cash back: Blue Cash Preferred® Card from American Express
- Best for foodies: American Express® Gold Card
- Best for business travel rewards: Ink Business Preferred® Credit Card
- Best for heavy business spenders: Capital One Spark Cash Plus
