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Redeem Chase Ultimate Rewards for best value

Maximize the program's value using at least two cards.


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The Chase Ultimate Rewards program is incredibly versatile. You can redeem your points on cashback or gift cards, book travel through the Chase travel portal or transfer points to one of many partnered airlines.

To take advantage of the full value of the program, however, you’ll need at least two cards — one card for earning and one premium card for redeeming.

Redeeming Chase Ultimate Rewards points in the Chase portal

There are four basic ways to redeem Chase points using your Chase Ultimate Rewards account on your dashboard. Note that some redemption options depend on your Chase credit card.

Redeem Chase Ultimate Rewards Point Image: Getty Images

Transferring to premium cards

The Chase Sapphire Preferred® Card, Chase Sapphire Reserve® and Ink Business Preferred® Credit Card are essential for redeeming points for best value. They are the only cards you can use to transfer points to partnered airlines and redeem through the Chase travel portal for increased value. You can also transfer points earned on other Chase cards to one of these premium cards before redemption.

Combine Chase Ultimate Rewards points Image: Supplied

Log in to your Chase Ultimate Rewards account, select the card to transfer points from, and click on Combine points. From there, you can select the number of points you want to move and which card will receive them.

Travel transfer partners

Chase Ultimate Rewards points transfer to each partner at a straightforward 1:1 ratio. However, once you’ve transferred your points, their value depends on the hotel or airline reward program. Here are the current average point values based on research for our reward program guides.

Travel partnerValue per point
Aer Lingus AerClubBetween 1 and 2 cents
Air France KLM Flying Blue2
Singapore Airlines KrisFlyer1.4
Southwest Airlines Rapid Rewards1.7
United MileagePlus1.4
Virgin Atlantic Flying Club1.5
JetBlue TrueBlue1.4
Iberia PlusBetween 1 and 2 cents
British Airway Avios1.5
World of Hyatt1.9
IHG Rewards Club0.3
Marriott Bonvoy0.9

Data obtained March 2019. Values are subject to change and should be used only as a general guide.

Our pick for a Chase rewards card

Chase Sapphire Preferred® Card

  • Spend $4,000 within your first 3 months of card membership to earn 60,000 bonus points — worth $750 when redeemed for travel via Chase Ultimate Rewards.
  • Earn 5x points on Lyft rides, 2x points on travel and dining at restaurants worldwide and 1x point on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel.
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Chase cards that earn Chase Ultimate Rewards points

The following cards can help you earn Chase Ultimate Rewards points.

Name Product Welcome offer Rewards Annual fee Filter values
Chase Sapphire Preferred® Card
60,000 points after spending $4,000 in the first 3 months
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
This popular travel card's signup bonus is worth up to $750. Get even more value out of your travel, dining, and Lyft rewards by transferring them to miles.
Chase Sapphire Reserve®
50,000 points after spending $4,000 in the first 3 months
10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months
Chase Freedom Unlimited®
$200 after spending $500 in the first 3 months
3.5% on Lyft and 1.5% cash back on all other purchases
Earn a $200 signup bonus after spending $500 in the first 3 months from account opening.
Chase Freedom®
$200 cash back after spending $500 in the first 3 months

5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 4% on Lyft and 1% on all other purchases
Earn $200 cash back after spending $500 in the first 3 months from account opening.
Ink Business Preferred® Credit Card
100,000 points after spending $15,000 in the first 3 months
3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening. That's $1,250 toward travel rewards when you redeem through Chase Ultimate Rewards®

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Choosing how to redeem your points

With two strong travel redemption options available, it can take a little research to figure out your best move for redeeming your points. Here are a few questions to ask yourself:

Bottom line

There are many ways to maximize the value of the Chase Ultimate Rewards program if you’re willing to do a little research and have at least two cards. Set yourself up for success by applying for a premium Chase card before you start spending your points.

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