Chase Ultimate Rewards Points Value Calculator

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:

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:

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:

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:

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.

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.

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 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:

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: